News
Condon denies anything to do with whiteboard claims
Philip Condon had nothing to do with the whiteboard claims at the centre of the Serious Fraud Office's case against him. This was the assertion of Mr Condon’s defence counsel Gareth Rees QC in his opening statements today, writes Charlie Thomas.
XL strengthens global team
XL Insurance has appointed Colin Sprott as chief underwriting officer for its Global Marine & Offshore Energy team.
Benfield Fac weathers walkout as Corporate Risks ‘gains traction’
Reinsurance broker Benfield’s chief executive Grahame Chilton singled out two specific company segments as the firm unveiled its 1st half 2007 results today.
Global Cat market rates drop 6%
Global catastrophe reinsurance market rates have tumbled 6% this year, versus an increase of 32% in 2006, according to an annual report by leading broker, Guy Carpenter.
Broker names seventh asscoiate director
Perkins Slade has promoted Mark Ford to associate director with the responsibility of broker relations and business development.
HBOS boss takes MD role at BGL
The BGL Group has appointed Peter Thompson as managing director of its affinity outsourcing business, Junction. He will join the group in January 2008.
Indie trial: Condon takes the stand
Former Independent Insurance deputy managing director Philip Condon finally took the stand at Southwark Crown Court yesterday admitting that he wasn’t always sure whether Independent’s practices regarding reserves were “acceptable,” writes Jamie Dunkley …
Catlin’s profits suffer from Wellington integration.
Catlin group’s net income dropped to by $25.2m (£12.4m) to $162m on an aggregated basis from last year’s first half.
NU scraps relocation plan
Norwich Union has scrapped a multi-million-pound project to transfer 1100 staff from the centre of Norwich to two new offices on the edge of the city, according to a a report in a local newspaper.
Financial Ombudsman Service hires Lord Hunt
The board of the Financial Ombudsman Service has engaged the Rt Hon Lord Hunt of Wirral MBE to lead an independent review of the organisation – focusing on the openness and accessibility of the ombudsman service to its wide range of customers and…
Benfield releases interim results
Reinsurance and risk intermediary Benfield has announced its interim 2007 results, with revenue decreasing by 3.6% on the same period last year.
Condon ecstatic when cut out of Watson Wyatt dealings
Philip Condon was overjoyed when he was told he would no longer have to deal with Independent's actuaries, writes Charlie Thomas .
Initiative launched to clear-up age diversity regulation
The Department for Work and Pensions' age positive initiative has launched a series of 11 free bookl...
IFS marks anniversary
The IFS School of Finance is celebrating the first anniversary of its name change. The educational ...
Ask the expert
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Poor management blamed for workplace bullying
Two thirds of managers believe that lack of management skills is the major factor contributing to bu...
Pick of the Week
Jonathan Swift, editor of Post Magazine provides a run down of the major news reported in tomorrow’s ...
Aetna buys Goodhealth
Healthcare provider Aetna has purchased Primary Group subsidiary Goodhealth Worldwide, a specialist ...
Ecclesiastical £201m GWP
Ecclesiastical has recorded written premiums of £201.8m, for the first six months of 2007, up £6.1m ...
Independent Trial: A sketch from Southwark Crown Court
- The cross-examination of Independent's former chairman and managing director brought more drama t...
Appointment at Cigna
Cigna International Expatriate Benefits has appointed former sales directors Kai Mehnert and Marc Po...
Appointment at FSJ
Seven new appointments have been made across FSJ. Martin Wildridge has been hired as divisional dire...
Homeserve D&G drop out
Homeserve has withdrawn from potential discussions relating to a bid for Domestic & General. In a st...
Saga targets household with new launch
Saga is preparing to launch home insurance products on its newly unveiled insurance aggregator, Post...