News
Lloyd’s underwriters back market reform
Over 80% of underwriters say there is a high level of commitment to reforming Lloyd’s market business processes, according to new research published today.
Pool Re chair takes up new board role
Realty Insurances, the broking firm specializing in the property owners sector, has appointed Tony Latham as non-executive director.
High oil prices are leading to underinsurance, says Marsh
High oil prices are forcing many oil companies to be underinsured, said a senior director at Marsh.
Axa Art to review security following art thefts
Axa Art today announced that effective immediately, the company is offering to conduct security protocol assessments of museums in its key markets.
European transport and logistics firms struggle with liabilities
In its latest research Marsh has revealed that transport and logistics firms across Europe are struggling to cope with new categories of liability and an increasingly complex regulatory landscape.
Absolute expands team
Absolute CM, specialist provider of outsourced fraud management solutions to the insurance industry, has extended its team in order to meet the growing demand for its services across the market.
Network appoints ten more
Broker network Layton Blackham Business Solutions has signed-up 10 new members including a number of start-ups since announcing its ambitious growth plans in November.
Arista rolls out online trading system
Commercial lines underwriter Arista has begun the roll-out of an electronic trading facility by providing brokers access to its trades and professionals policy via a new online system.
Scor appoints new head of global life
Scor has appointed Gilles Meyer as chief executive of Scor global life with immediate effect. He succeeds Uwe Eymer who becomes non-executive chairman of Scor global life, stepping down from the Scor group executive committee. The new deputy CEO of Scor…
Hiscox deal for Countrywide partner brokers
The Countrywide network has negotiated a deal with Hiscox Underwriting to offer High and Mid Net Worth household products to members.
Home and Legacy grow motor team
Home and Legacy has continued the development of its management team with the appointment of David Cleverley as motor products manager.
Government minister to address Rehab First Forum
Lord McKenzie, minister for health and work at the Departmment for Work and Pensions will address the Post Rehabilitation First Forum on 14 May in London, along with key speakers from the Association of Personal Injury Lawyers and the insurance industry.
IIB names new chief executive
Following the unexpected death of Andrew Paddick last month, the board of the Institute of Insurance Brokers has appointed Barbara Bradshaw as its new chief executive with immediate effect.
Hiscox in broker tie up
The Countrywide network has negotiated a deal with Hiscox Underwriting to offer high and mid net worth household products to members.
Zurich UK boss speaks of "challenging" 2007
Zurich’s UK general insurance business reported a gross written premium of £2.06bn for 2007. The business operating profit was £91m and the combined ratio 104.8%.
ARC chairman Grant starts new run-off company Ambant
Philip Grant, chairman of the Association of Run-off Companies, has started Ambant, a new run-off outsourcing venture.
THB on top of the world
Two intrepid amateur climbers from specialist reinsurance broker PWS have fulfilled their ambition to reach the summit of Kilimanjaro.
MMC to elect board directors
Marsh and Mclennan Group has announced today that its board of directors will be elected annually as their existing three-year terms expire.
Springett to lead Marsh's power practice
Marsh has announced the appointment of Gordon Springett as leader of its power and utility practice for Europe, Middle East and Africa.
IPC 2007 profit cools on higher loss frequency
IPC Holdings, the Bermudian catastrophe reinsurer, said that its 2007 net income fell to $385.4m from $394.5 in 2006, as the effects of the property and catastrophe premium softening and increased catastrophe loss frequency were felt.
AIG appoints new head of commercial motor
AIG UK has announced the appointment of David Gerrish as head of commercial motor, working within the liabilities division and covering the UK and Ireland.
Watson Wyatt launches a new predictive modelling system
Watson Wyatt has developed a new predictive modelling tool that it claims enables financial services companies to make their pricing structures more profitable.
Zurich Group net income jumps 22%
Zurich reported full-year net income of $5.626bn, up from $4.6bn in 2006, thanks to a benign catastrophe and claims season.
Arig 07 profit falls on Gonu hit
Arig has announced net profits of $23.7m for 2007, down from $30.4m 2006. The results included a net impact of $9.2m from Cyclone Gonu in June 2007.