News
Medical Protection Society CEO to step down
After more than 21 years at the Medical Protection Society, 5 years as chief executive, Dr John Hickey today announced his decision to retire in June 2007.
Hodgson moves to MMA to head up underwriting
MMA Insurance has appointed Paul Hodgson FCII as head of underwriting.He joins MMA from the UK underwriting division of Royal and Sun Alliance and previously held senior positions at Zurich UK.
Bupa launches online applications for protection business
Bupa Individual Protection's new instant online quote and application system for critical illness and life cover products launched to Intermediaries this week.
Lloyd's underwriters to drive fancy-dress across France in charity race
Wellington Underwriting has announced the launch of the inaugural ‘Cars2Carcassonne’, a fund raising initiative for local east London charity, Toynbee Hall.
Kiln moves into Asian marine cargo market
Lloyd's insurer Kiln and the John Cahill Group are launching of a new joint venture company in Lloyd's Asia dedicated to underwriting Asian marine business: Kiln Marine Singapore. The new company is due to start underwriting on 1 October 2006.
UK firms set to invest in workers' health to combat duty of care exposures
Ninety two per cent of UK companies said they plan to invest more in the promotion of and support for healthier working practices, a survey revealed today. Health benefits provider HSA's “Who’s Looking After our Health” survey, which was conducted…
TSR downgrades 2006 hurricane activity predictions
Tropical Storm Risk has decreased its forecast of hurricane activity in the Atlantic for 2006.
ABI responds to FSA proposed amendment to the definition of a pure protection contract
Following recent FSA proposals for change on the current age restrictions on life and protection insurance (CP 06/13), the Association of British Insurers (ABI) have published its response which supports making it easier for people over aged 70 (or who…
Berkshire and CV Starr launch new syndicate 1919
Lloyd's has approved a new aviation, energy and marine syndicate, 1919, to be managed by Marlborough Underwriting Agency and capitalised by CV Starr. Approval was granted last Friday, 8 September.
Swiftcover offers motor cover by text
Online insurer Swiftcover is offering motor insurance via text message.
Sirius reports revenue and profit rise
Sirius this morning reported total revenues increased 8% to £11.5m (H1 2005: £10.5m). Recurring revenues were up 13% to £4.6m (H1 2005: £4.1m), representing 40.2% of total revenues (H1 2005: 38.5%)
MP Charles Clarke joins Beachcroft
Law firm Beachcroft LLP has announced the appointment of the Rt Hon Charles Clarke MP as a consultant.
Aon claims market first
Aon today claimed to have become the first company to form an insurance ICC through its Captive Services Group. White Rock Insurance (Guernsey) ICC said it would would provide medium sized companies a faster entry and exit.
Equity acquires Isle of Wight broker
Equity Insurance Group has acquired the general book of Newport broker Foster Insurance Services.
Litcomp appoints new business development manager
LitComp, a provider of After the Event Insurance and a supplier of medico-legal reports, has appointed Andrew Wesson as business development and risk assessment manager.
Unreliable modelling and aggregation could impact London Market
London market insurers are confident that they will deliver strong returns in 2006. But today’s risk environment casts a shadow of doubt over the outlook for 2006.
British Land to protect £19bn property with risk system
An interactive risk management system is to be installed across British Land Company’s multi-billion pound property portfolio following a deal with leading risk specialists, the National Britannia Group.
Bonnar and Beaton leave Aspen
Aspen Insurance announced today that Nick Bonnar, head of specialty, and Ian Beaton, head of insurance, have resigned to take up new positions in the industry.
RFIB appoints two for Eastern Bloc and India push
RFIB Group has hired two new directors for its international reinsurance business.
Oxygen enters reinsurance market
Oxygen Insurance Brokers has announced the launch of Oxygen Re.
Howden reveals Towergate swoop for medical expansion
Broker Howden Medical Insurance Services has launched its first UK regional office in Leeds, with a team it acquired from Towergate.
DAS goes for disability kitemark
Legal expenses insurer DAS has appled for the Disability Symbol as recognition of its policies and practices towards disabled people.
Sterling appoints two execs from Cardif Pinnacle
The Sterling Insurance Group today announced it has hired two new senior executives, Steve Williams and Roger Humber. Both have joined the main board in senior positions.
Reinsurers' financial strength at five-year low
Financial strength in the global reinsurance sector has declined over the past five years to the point that, when taken on a stand-alone basis, no reinsurer is currently rated higher than 'AA-'.