News
Aspen grows aviation insurance team
Aspen Insurance UK has hired David Whiter as senior underwriter for aviation insurance, a newly created position. Based in London, he will report to Nick Bonnar, head of specialty lines at Aspen, and head up the aviation team.
Aon releases new terror map
Increased terrorist activity is making the world a riskier place in which to do business, according to Aon’s new 2005 Terrorism Risk map. The map assesses the level and nature of terrorist threat around the world on an annual basis.
Towergate acquires PI specialist
The Towergate Partnership has acquired London based Bray Wintour Patis, who specialise in professional indemnity and also operate a number of scheme facilities, including a facility for Removal companies.
Australian court jails former HIH director
Rodney Adler, a former director of failed Australian insurer HIH Insurance, has been jailed for four and a half years for his part in the company's collapse.
Senate committee chairman sceptical on need for TRIA
The chairman of the US Senate’s Banking, Housing and Urban Affairs Committee has said he intends to approach the question of extending the Terrorism Risk Insurance Act (TRIA) with a "critical but, I hope, open mind."
London company market in good health according to IUA statistics
Premium levels for non-marine business in the London company market have increased for the third year in a row, according to statistics produced by the International Underwriting Association.
AM Best rates Montpelier Re
AM Best has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of “a” of Montpelier Reinsurance.
APRA to investigate Australian branch of GenRe
The Australian Prudential Regulation Authority (APRA) has announced an investigation into certain reinsurance practices involving General Reinsurance Australia’s general insurance business.
Hastings continues Eastbourne tennis sponsorship
Motor insurance company Hastings Direct has announced that it will be continuing its association with Britain’s most famous female tennis player, Virginia Wade, as part of its title sponsorship of the Hastings Direct International tennis Championships in…
Bankhall to expand GI offering with former Biba head
Bankhall, supplier of support services to the independent financial adviser and mortgage broking sectors, is preparing to expand into the UK general insurance (GI) market with the planned launch of Bankhall UK GI next month. The move follows the purchase…
Sirius turnover hits £21.7m
Sirius Financial Solutions recorded group turnover of £21.7m in 2004, a rise of 5.7% on 2003. The company added that operating profit before goodwill amortisation of £1.4m (2003: £0.4m) - exceeded Board expectations
Highway rejects Chaucer and terminates talks
Highway Insurance has rejected an offer for the company from Chaucer Holdings and has terminated talks. Highway's shares fell to 36.25 pence on the news. Chaucer's shares rose to 53.5 pence.
Axa Re questioned by SEC over MBIA probe
The New York Attorney General's Office and the US Securities and Exchange Commission have contacted Axa's Re over transactions with bond insurer MBIA.
Homeserve snaps up Chem Dry
Homeserve, the home emergency company, today confirmed the expansion of its disaster restoration activities with the acquisition of Chem Dry UK and its related businesses for a cash consideration, payable on completion of £18.9m on a debt free basis, as…
Heath strikes deal with Lloyds TSB
Heath Lambert Insurance Services, the personal lines division of Heath Lambert, and Lloyds TSB Insurance today announced details of a new partnership which will see the two organisations working together to provide branded insurance solutions to the…
More workers opt for flexitime
More employees are aware of their right to request flexible working hours, according to new statisti...
Boost for Protectagroup students
More than 80 staff at Welsh broker Protectagroup are being assisted in securing new professional qua...
Time to test yourself
A selection of questions from various past CII qualification papers
Willis follows Marsh onto industry system
Broker Willis will go live on the Kinnect system for Lloyd's business in June for its North American...
Appointment at LCL Group
The LCL Group has made Andrew Holland chief operating officer. He has held several senior appointmen...
Appointment at Affinity Solutions
Affinity Solutions has made Peter Friend chairman. He has enjoyed a 20-year working partnership with...
EC hits back over Tory insurance plan
The European Commission has vowed to keep new financial services legislation in check, dismissing To...
Brera fuels GAB MBO talk
Speculation mounted this week about a possible management buyout of GAB Robins UK, after its private...
Four back Prince's Trust industry push
The Davis Group, Primary Group, Close Premium Finance and the British Insurance Brokers' Association...