News
Barclays names non-life as target
Barclays Bank is actively targeting the non-life run-off sector for investment opportunities in 2005...
Cavell appoints Bob Moore to management team
London market and international run-off specialist Cavell has appointed Bob Moore to its management ...
CILA nears government protocol deal
The Chartered Institute of Loss Adjusters is close to agreeing a protocol with the government to all...
The plastic surgeon's nightmare
The Medical Defence Union has reported a gradual increase in the number of plastic surgery medical n...
Easy rider
Bennetts Insurance Services will be the title sponsor of the British Superbike Championship in 2005,...
Tiner details scope of enforcement review
John Tiner, chief executive of the Financial Services Authority, has announced the scope, form and timing of the promised review of the FSA's enforcement processes. The review will be led by David Strachan, FSA director of retail firms and sector leader…
Haddrill handed top job at ABI
The Association of British Insurers today announced the appointment of Stephen Haddrill as director general in succession to Mary Francis. He will take up his position on 3 May 2005.
Lambourne launches Lloyd's broker run-off service
Lambourn Insurance Services has launched a new broker run-off and replacement service, following its successful application to Lloyd’s for approval to administer run-off business. The service, facilitated by Broker Number LAM 1122, will be officially…
Burrows quits as Zurich Commercial UK boss
Zurich Commercial UK managing director Peter Burrows has handed in his resignation.
GAB Robins in new high net worth partnerships
GAB Robins and Agrical have expanded their strategic alliance for professional services in the high net worth arena.
California AG announces deal over Lloyd’s dispute
Attorney General Bill Lockyer has announced that he has reached several landmark agreements which require Lloyd's of London and 15 other defendant insurers to pay the State of California approximately $93m to settle insurance claims for cleanup damages…
Lloyd's Tsunami losses £100m
Lloyd's has announced the market's net loss resulting from the Asian Tsunami at £100m.
Moody’s affirms St Paul Travelers debt ratings
Moody's has announced that it has affirmed the long-term debt ratings of The St Paul Travelers Companies and also affirmed the Aa3 insurance financial strength ratings (IFSR) of the members of the legacy Travelers intercompany pool.
Ace gets Vietnam green light
Ace has announced that it has been told by Vietnam's Ministry of Finance that its application to establish a wholly-owned life insurance company in Vietnam has been approved and expects to have a license by mid-year. Ace will immediately proceed toward…
Jelf group acquires Arnold Wills
Jelf Group has recruited independent financial advisor, Arnold Wills, together with his team in addition to acquiring his existing business book.
Motorists oblivious to end of 'grace period', says Biba
Millions of UK motorists are driving uninsured as they continue to believe that they have a 14 day ‘grace period’ to renew their motor insurance, the British Insurance Brokers’ Association (Biba) has warned.
Biba backs FSA over inducement guidance
The British Insurance Brokers’ Association has congratulated the Financial Services Authority after it issued a guidance paper clarifying their approach to conflict management, and in particular the unfair inducements rule.
FSA statement on inducements in full
FSA statement in full below
Tiner: FSA hand book may be updated to cover inducement advice
The Financial Services Authority chief executive John Tiner today said the regulator believes that its rule book does not yet need updating with regard to rules on inducements and managing conflicts of interest which apply to insurers and intermediaries.
Willis in Scottish expansion
The Willis Network has signed up Ian MacDonald Insurance Services of Inverness.
Aon releases latest political risk map
Companies need to take a look at political as well as economic risks when they look at lucrative investment opportunities abroad, according to broker Aon.
Coversure wins compliance awards
Coversure Insurance Services has won the “Most Cost Effective Compliance Technology Provider” category at the inaugural Complinet Compliance Industry awards.
Moody’s reviewing RGA rating
Moody's Investors Service has placed Reinsurance Group of America’s (RGA) credit ratings (senior debt of Baa1), and its subsidiary, RGA Reinsurance Company's A1 insurance financial strength rating, on review with direction uncertain following MetLife's…
Everest Re reports lower 2004 Q4 earnings
Everest Re Group has reported fourth quarter 2004 after-tax operating income, which excludes realized capital gains and losses, of $94.7m, a 20.2% decrease compared to $118.6m in the fourth quarter of 2003.