News
Thatcham kitemark fleet boost
The insurance-industry funded research centre Thatcham picked up the Best Safety Initiative of the Year Award for its BSI Kitemark initiative in the Fleet News Awards last night.
Heritage doubles profit in 2007, confirms suitors
Lloyd’s managing agent Heritage has confirmed that it is in discussions with potential suitors, which market sources have identified as Bermuda's Max Capital and Ironshore.
Heritage doubles profit in 2007
Lloyd’s managing agent Heritage has unveiled 2007 results that showed profit climbing 126% to £23.3m from £10.3m a year earlier on a combined ratio that remained static at 90%. The figures included a 39% increase in Heritage’s share of its managed…
Equity expands UK business
Equity Insurance has today acquired Devon broker, Holsworthy Insurance, as part of its continuing expansion.
Loss adjuster unveils new brand
The board of the Claims People today announced plans to change its name to Resources in Insurance Group, effective 7 April 2008.
Windstorm Johanna sweeps across UK
Windstorm Johanna continues to lash parts of the UK and France.
Amlin reshuffles team
Amlin has announced that Rob Wyatt will take over as underwriting director of Amlin Bermuda in 2009.
Chaucer considering possiblity of Bermuda move - CEO
Chaucer may be considering a move to Bermuda after efforts to get the UK Chancellor to reduce taxation on reinsurers' reserves proved fruitless.
Home and Legacy product gets five star rating
Home and Legacy’s new let product has achieved the highest possible Defaqto rating of five stars.
Flood warnings issued as storm batters parts of UK
Parts of Britain continue to be battered by rain and gale force winds as the worst winter storm of the year sweeps across the country.
Heath Lambert continues involvement with GICMA
Heath Lambert has continued its involvement with the Guernsey Insurance Company Management Association.
Liberty Bristol office gains new recruit
Liberty International Underwriters has appointed Jonathan Powell to join its Bristol office as regional assistant vice president, casualty.
Home and Legacy product gets five star rating
Home and Legacy’s new let product has achieved the highest possible Defaqto rating of five stars.
Dolmen’s teams up with Heath Lambert to offer specialist travel insurance
Heath Lambert has teamed up with Dolmen Insurance Brokers in Ireland to offer a specialist travel insurance which will cover pre-existing medical conditions.
Chaucer delivers record profit before tax of £89.4m
Chaucer said that full-year pretax profits rose to £89.4m from £86m, thanks to a low level of catastrophes and little exposure to last year's UK floods.
Brit CEO optimistic for 2008 after £191.2m profit
Brit Insurance has reported a profit before tax of £191.2m (2006: £186.3m) on gross written premiums of £1.26bn (2006: £1.23bn).
Lacking awareness underscores Corporate Manslaughter knowledge survey
A new study by Venture Preference has revealed that many care home managers and owners remain completely unaware of the implications of the new corporate manslaughter law despite the fact its inception is mere weeks away.
Lloyd's modernisation consultation begins
UK Treasury minister, Angela Eagle MP, has launched a consultation to modernise the governance arrangements of Lloyd's of London and to remove restrictions which impede the way the Lloyd's insurance market operates through a Legislative Reform Order.
Three charged over crash for cash scam
West Yorkshire police have charged three people in the ongoing inquiry into ‘crash for cash’ scams in conjunction with the Insurance Fraud Bureau.
Loot enters insurance sector
Onlyfinance.com has struck an exclusive deal with Loot, the UK’s free ad outlet to offer its readers an insurance aggregator service.
LV looks to expand
LV general insurance has revealed plans to recruit 350 new staff to meet its "ambitious future business plans".
Lloyd's modernisation consultation begins
Exchequer Secretary to the Treasury, Angela Eagle MP, today launched a consultation to modernise the governance arrangements of Lloyd's and to remove restrictions which impede the way the Lloyd's insurance market operates through a Legislative Reform…
Carrriers exposed to risk by accounting and reporting systems
Carriers are exposed to risk by creaky accounting and reporting systems, according to an IT expert.
Market endorses reform
The Market Reform Group has confirmed the end of March 2008 as the deadline for the adoption of the new endorsement standard in the London market, alongside detailed plans for the transition to electronic endorsements.