News
Heath Lambert boss moves to head up rival
Oxygen Holdings has appointed a managing director to help its broker subsidiary conntinue to develop...
Post pick of the week
Post reporter Alwynne Gwilt and editor Jonathan Swift provide a run down of the major news in this week's issue of Post Magazine including: Heath Lambert CEO reveals the findings of Hawkpoint internal review; Towergate linked with acquiring insurer; the…
IUMI reports surge in ship total losses
Ship total losses have dramatically increased, according to figures release today by the International Union of Marine Insurance.
JLT Re in partnership with UCL Environment Institute
Reinsurance broker JLT Re has announced that it has entered into a research partnership with the University College London Environment Institute (UCLEI)in the UK.
Clive Briault to leave FSA
Hector Sants, chief executive of the Financial Services Authority (FSA), has announced that Clive Briault is to leave his position as managing director of the Retail Business Unit.
New outsource company enters UK insurance market
The London market has been too slow in upgrading its technological systems, according to senior consultant at software solutions claims management company Zylog.
Flooding number 1 threat to UK insurers
Insurers need to make better use of modelling techniques to prepare themselves for the growing problem of UK flooding, according to consultancy firm EMB.
Briault out in FSA shake up
The Financial Services Authority has announced that Clive Briault is leaving by "mutual agreement" at the end of April. David Kenmir will take on the role as managing director of the retail business unit until a successor is found.
Pick of the Week
Post reporter Alwynne Gwilt and editor Jonathan Swift provides a run down of the major news in this w...
Freight carbon emissions could be cut, according to new RSA report
Road haulage could be reduced by 22% within the next decade cutting carbon emissions by 12%, according to a new report from Royal and Sun Alliance.
Woodstock completes 20th acquisition
Woodstock Insurance Brokers has announced the acquisition of the general insurance business of Financial Profiles.
Hiscox unveils new underwriting agency
Hiscox and brokers Allison & Partners today announced a partnership to launch Inspire, specialising in professional insurances for UK and European small to medium-sized businesses.
NU readies itself for Seaton's retirement with hires
Norwich Union has announced two new appointments to the underwriting, pricing and product team ahead of the retirement of John Seaton, underwriting, pricing and product director, in April.
Marsh Ireland Limited to pay €5000 settlement agreement
Marsh Ireland Limited is required to pay €5000 following suspected regulatory requirement breaches.
Oval granted six-figure payout
Oval has been awarded a "substantial" six-figure sum in compensation, following successful court proceedings against Berkeley Burke.
Aspen announces directorate change
Aspen has promoted of Julian Cusack to chief operating officer and expands the role of chief financial officer Richard Houghton.
Hiscox teams up with broker to provide SME insurance
Specialist insurer Hiscox and brokers Allison & Partners have teamed up to launch INSPIRE, specialising in professional insurances for UK and European small to medium-sized businesses.
Lloyd's creates bespoke policy
Lloyd’s has announced it has insured a leading European wine maker and taster’s nose for five million Euros.
Hardy sings success of Bermuda move
Hardy Underwriting has a record pre-tax profit of £18.3m (2006: £16.8m) following its parent company's redomiciliation to Bermuda.
CBG confident after 59% jump in profit
Manchester-based broker CBG today announced a 59% rise in adjusted pre-tax profits to £1.912m (2006: £1.204m) on a 22% growth in revenue from continuing operations to £6.3m (2006: £5.2m) in 2007.
Willis given green Saudi greenlight
Willis has become one of the first brokers to be officially licensed in Saudi Arabia by the Saudi Arabian Monetary Agency under the provisions of the Insurance Law of 2004. The broker’s operations in the country will henceforth be known as Willis Saudi…
L&G slips further into the red in household
Legal and General this morning reported an operating loss in 2007 of £67m for its UK general insurance business including losses of £76m net of reinsurance from the UK floods in June and July, and £8m for the cost of windstorm Kyrill in January.
XL picks outsider for O'Hara role
XL Capital has ended years of speculation by naming Mr Michael S. McGavick toreplace Brian M. O'Hara as its next chief executive on May 1st. O'Hara announced in October 2007 that he would retire as CEO by mid-2008 and will serve as chairman during the…
XL Capital appoints new CEO
XL Capital has named Michael McGavick as its next chief executive.