News
More academics predict stormy 2007
Scientists from the Department of Atmospheric Science at Colorado State University have predicted an above-average North Atlantic hurricane season in 2007
Defaqto appoints new chairman
Defaqto Group has announced the appointment of Rupert Pennant-Rea as chairman.
Insure and Go seeks new financial backing to fuel growth
Travel insurance provider Insure and Go has announced it is seeking capital from a partner "to exploit the current opportunities that exist in the market".
Lords block insurer's Flora v Wakom appeal
The House of Lords Appeals Committee has refused Allianz Cornhill leave to appeal in the Flora V Wakom action.
North west merger to create £23m legal powerhouse
Leading regional law firms DWF and Ricksons have announced they are in merger talks. The move would create one of the largest regional law firms and would take effect from 1 January 2007.
New Oval director Howell to begin recruitment drive
Broker Oval is to begin a drive to grow its medium-sized corporate client base with the appointment of Steven Howell as new business director.
CCV acquires Gardners of Wickford
Acquisition vehicle CCV has completed its sixth deal in as many months, with Gardners of Wickford, Essex joining the group.
Advent latest to join Lloyd’s Bermuda rush
Lloyd’s–based catastrophe reinsurance specialist Advent is to set up a reinsurance operation in Bermuda.
Government reveals new flood planning policy
The government has launched a planning policy today to help regional and local planners and other stakeholders preventing and manage flood risk in new developments.
New e-commerce manager at Groupama
Groupama Insurances has promoted Jason Bridgman to the role of E-commerce Manager (Bespoke Operations).
Conversant moves into travel sector
Fraud software supplier Conversant Data said it has broken through the £5m milestone in savings for its insurance clients by identifying fraudulent home and motor claims that ordinarily would have been paid.
UK P&I Club launches London-based mutual
To enable certain UK P&I Club Members to meet their local European regulatory requirements, a new London-based mutual association, will be underwriting P&I risks from 20th February 2007.
Axis appoints ex-Bank of England exec to board
Bermudian (re)insurer Axis announced that it has appointed Sir Andrew Large to its Board as an independent director. Sir Andrew Large will serve as a Class I Director and will serve on the Board until 2009.
Kiln buys Belgian marine agency
Lloyd's (re)insurer Kiln has announced it is to buy Belmarine Insurers for approximately €9.45m including a deferred element estimated to be €1.08m.
TSR: Another above average Hurricane season in 2007
Tropical Storm Risk (TSR) has warned that a return to high hurricane activity in 2007 was likely following the below-average 2006 hurricane season.
AEGIS appoints new cargo and specie underwriter
AEGIS London, the UK-based subsidiary of AEGIS, has appointed Mike Shillabeer as Cargo & Specie Underwriter
Endurance adds to claims team
Endurance has further strengthened its claims proposition with the promotion of Alan Barlow to senior vice president, claims director, and the recruitment of Margaret Sawyer to the position of UK claims leader of the UK & International direct property…
THB strengthens technical team
Specialist insurance broker THB Risk Solutions has appointed Jeff Gilbert to the role of Technical Manager.
IRM appoints new chairman
The Institute of Risk Management appointed a new chairman at yesterday’s Annual General Meeting. Cary Depel, who was formerly the deputy chairman of the IRM, replaces Mike Walker with immediate effect.
Magian joins forces with Accord Consultancy
Magian Underwriting has joined forces with Accord Consultancy to offer exclusive PI terms to Accord’s IFA clients.
DTI launches workplace disputes review
DTI Secretary of State Alistair Darling has launched what the government described as "a root and branch review" of Government support for resolving disputes in the workplace.
Marsh hires EMEA finance boss
Marsh has appointed Marc Vassanelli as chief financial officer of Marsh, Europe, Middle East and Africa region. He will report to Alex Moczarski, CEO of EMEA and to Chris Murphy, CFO of Marsh.
Beazley appoints new exec director Washbourn
Beazley Group has appointed Clive Washbourn as an executive director with effect from 4th December 2006.
Admiral takes option for greater underwriting share
Admiral has extended its long-term coinsurance arrangement with Great Lakes Reinsurance, a subsidiary of Munich Re. Admiral has also signed new reinsurance contracts with Swiss Re and Partner Re.