News
Ignore the Bright & Condon conspiracy, defence tells Jury
A confident and amiable Gareth Rees QC opened his summary of Philip Condon’s defence by asking the jury to disregard prosecution’s Andrew Baillie’s implication that Mr Bright and Mr Condon did everything together. Charlie Thomas reports .
Bright's negligence does not justify fraud accusation says defence
Defence counsel Ian Winter QC said that while Michael Bright could be accused of being overbearing, obsessive and guilty of making poor decisions, his negligence in the running of Independent Insurance does not justify the accusation of conspiracy to…
Cobra profit flat despite 53% increase in revenue
Listed UK broker Cobra this morning reported revenues increased by 53% to £7.4m for the six months to 30 June, while its operating profit only increased 3% to £1.1m
Marsh UK creates new senior post
Marsh has appointed James Elder to the new position of chief risk officer of Marsh UK. Mr Elder, joins from Credit Suisse where he was a director in bank operational risk oversight. He will report to John Nicholson, chief operating officer of Marsh UK.
Employees disobeyed, says Bright's QC
Ian Winter continued his robust and considered defence of Michael Bright as his summing up moved into its third day. However, he was cut short when a member of the jury was taken ill and court was adjourned for the day, Martin Friel reports .
Erinaceous heads roll as it reveals profit loss
Erinaceous Insurance Services revealed its first half profit’s have fallen £3.2m to £4.9 compared with the same period last year despite a revenue increase of £2.5m to £19.2m.
ABC chooses Acturis
ABC Insurance selected Acturis as its IT platform for transacting commercial package insurance. ABC plans to launch three new package products targeting the SME market in early 2008 - Property Owners, Shops and Offices.
Marsh endorses SME remuneration investigation
Broking giant Marsh has supported the EU Competition Commission's decision to investigate certain aspects of broker remuneration as part of the planned review of the Insurance Mediation Directive.
Swiss Re launches adverse weather derivatives for poorer countries
Swiss Re has launched an adverse weather risk transfer market for emerging countries under the banner climate adaptation development programme (CADP).
Novae appoints regional manager
Novae Insurance has appointed Jonathan Morgan unit head of its regional financial lines division in the UK and Ireland.
BIBA hits out at FSA's fee disclosure proposal
The British Insurance Brokers’ Association has today warned that the Financial Service Authority’s proposed new treatment of fee disclosure to consumers in respect of lower risk or ‘other’ general insurance products represents ‘a licence for the…
GIC to open branch office in London
Reinsurance magazine has learned that General Insurance Corporation of India (GIC) is to open a full branch in London as part of plans to diversify away from its core home market.
Solvency II: threat to small insurance companies, says accountant
Accountant Moore Stephens said today that smaller insurance businesses may have to make difficult decisions about their long-term viability under Solvency II, the EU-wide capital adequacy requirements which will come into force in 2012.
Zurich and Tom Tom team up
Zurich has struck a pan-European partnership with the navigation solutions provider, Tom Tom.
Lloyd's bosses hail first half performance
Lloyd’s has reported a before tax of £1.8bn for the six months to 30 June (2006: £1.35bn).
Brit steps up SME drive
Brit Insurance has appointed Tim Grant as distribution leader, small business and personal lines.
Interview - Declaration of independence
Lord Hunt of Wirral was crowned president of the Chartered Insurance Institute almost without ceremony after the canning of its annual conference. Ralph Savage finds the CII and its new president in an ambitious frame of mind
Pick of the Week
Jonathan Swift, editor of Post Magazine outlines the main news stories in this week’s issue including...
Appointment at Countrywide
Countrywide network has appointed two new business consultants to help brokers develop their use of ...
IIB highlights FSCS injustice
The global credit crunch has highlighted the injustice of cross-subsidies in the Financial Services ...
Quinton quits as RBSI MD
Mike Quinton has quit as managing director of household and life at Royal Bank of Scotland Insurance...
FOS to shed 260 staff after fall in complaints
The Financial Ombudsman Service has reiterated its June general insurance figures in response to fea...
Quinn appoints Europ
Europ Assistance has been appointed to provide roadside assistance services to Quinn Direct motor po...
Industry granted faster disaster site access
The insurance industry has been told it will gain faster access to disaster sites through the emerge...