News
Axis Capital appoints chief investment officer
Axis Capital, the Bermudian (re)insurer, said that it has appointed Dean Benner as its chief investment officer, effective immediately.
First Assist secures new legal provider deal
First Assist Legal Protection has been appointed by the Prison Officers Association (Scotland) as its new legal protection provider.
Ironshore confirms Pembroke agreement
Ironshore has confirmed it has signed a sale and purchase agreement with Chaucer Holdings and the management of Pembroke for the £17m cash purchase of Pembroke Managing Agency, which manages Lloyd's Syndicate 4000.
Critical Illness payments increase during 2007, says NU
During 2007 Norwich Union (NU) further increased the total number of critical illness payments by 4.7%, from 80% in 2006 to 84.7%. According to the insurer’s latest Critical Illness Claims Report, figures have also revealed a reduction in non-disclosure…
Direct billing scheme called a 'success'
Mobile Doctors, the UK provider of medical evidence, has provided an update on its Medical Reporting Organisations Agreement, which was established 12 months ago following discussions between medical reporting companies, solicitors and third party…
Axiom appoints Lloyd's leader
Mark Elliott has been appointed as a main board director of Axiom and head of its Lloyd’s division.
RSA in new solicitors PI push
RSA today launched its new solicitors package, offering tailor-made professional indemnity insurance to medium sized solicitor firms.
Ironshore buys into Lloyd's through Chaucer's Pembroke
As predicted by Reinsurance , Lloyd’s insurer Chaucer has announced the sale of its shareholding in Pembroke JV Limited to Bermudian insurer Ironshore for £14.9m ($29.8m) in cash.
Lloyd's insurer in £14.9m disposal
Chaucer has sold its shareholding in Pembroke JV to Ironshore for a cash consideration of £14.9m, subject to a pound for pound adjustment to the extent that net assets at completion differ from £0.5m.
Post Claims Club Annual Dinner
A quick snapshot of what you missed at the Claims Club's annual dinner at Lords cricket ground along ...
Integro, Amber Partners introduce hedge fund investor cover
Integro, the complex risk insurance broker, and Amber Partners (Bermuda), the hedge fund operational due diligence firm, have introduced insurance coverage designed to protect sophisticated investors from hedge fund losses due to fraud, allegations of…
Oval fills new national broking role
Oval has appointed Matthew Collins to the new role of national broking director.
Broking group shares jump 66.67% on acquisition news
Broker holding company Brightside shares have risen 66.7% today.
Thomas Miller agrees sale to ARM
Alternative Risk Management, the independent captive manager in Guernsey, has announced that it has agreed terms with Thomas Miller for the acquisition of the latter’s Guernsey company.
FSA admits 20% of firms will miss TCF deadline
The Financial Services Authority has today it expects one fifth of all firms to fail to hit the December deadline for demonstrating that they are consistently treating their customers fairly.
FSA admits target failure in 2007/08 annual review
The Financial Services Authority failed to hit 4 of the 100 targets it set itself for 2007/08, it admitted today with the publication of its annual review.
Allied World to buy Darwin Professional for $550m cash
Allied World and US specialty and primary professional lines underwriter Darwin Professional Underwriters have announced a definitive merger agreement whereby Allied World is to acquire Darwin for $550m in cash.
Lloyd's insurer swoops for Ace team leader
Canopius Group has appointed Stephen M Hartwig as senior vice president and head of excess casualty to its Bermuda-based underwriting agency, Canopius Underwriting Bermuda.
Credit hire giant unveils tender result
Following a recent tender process credit hire operator AI Claims Solutions has announced the expansion of its vehicle supplier network.
Inskip takes broker MD role
Temporary Cover has promoted Alan Inskip to the position of managing director.
Groupama Healthcare issues technology challenge to healthcare providers
Groupama Healthcare has called for the wider adoption of technology within the health insurance sector to help brokers and intermediaries reduce costs, cut duplication, save time and improve service standards to policyholders. The call comes as Groupama…
Cullum admits Norwich City takeover plan
Towergate chairman Peter Cullum has confirmed the long running speculation that he is prepared to invest in Norwich City.
Marsh resurrect 'Bowring' name for new subsidiary
Marsh has resurrected the 'Bowring' name for a placement broking subsidiary.
FSA publishes TCF update
The Financial Services Authority (FSA) has published its latest update on firms’ progress towards the December deadline for demonstrating that they are consistently treating their customers fairly.