News
MIB makes rail crash promise
The Motor Insurers' Bureau today confirmed that it will be meeting in full all personal injury claims submitted by vicitims of the Berkshire rail crash under the terms of the Uninsured Drivers' Agreement.
OFT to put ATE sector under the spotlight
A follow-up review of liability insurance markets was launched by the Office or Fair Trading today. The review will also look at the 'after the event' insurance sector.
Keane moves up NU ladder
Norwich Union has appointed Andy Keane as motor underwriting manager for its commercial motor and motor fleet business.
Gallagher Bassett subpoenaed by Spitzer
Gallagher Bassett Services, a third party administrator and a wholly-owned subsidiary of Arthur J. Gallagher, has received a subpoena from the Office of the Attorney General of the State of New York requesting information in connection with an…
IPCRe keeps A+ rating from AM Best
AM Best has affirmed the financial strength ratings of A+ (Superior) of IPCRe Group and its affiliated companies. Concurrently, AM Best has assigned issuer credit ratings of "aa-" to IPCRe (Bermuda) and IPCRe Europe (Ireland). All ratings have a stable…
FSA in compliance costs pledge
The Financial Services Authority has acknowledged the "disproportionate" cost of regulation to smaller firms, highlighted in the Government’s review of the Financial Services and Markets Act 2000.
Government announces further plans to clamp down on uninsured driving
The Association of British Insurers has welcomed the Government’s announcement today to hold a consultation on introducing a new offence of keeping a vehicle on the road without insurance.
ABI heralds sewer announcement
The Association of British Insurers today said the announcement by the water regulator, Ofwat, on water bills should lead to a significant reduction in the risk of sewer flooding.
Illium launches regional arm
Lloyd’s insurer Illium is launching a north of England underwriting operation.
Brit to sponsor National Hunt races
Brit Insurance today announced a further development to its sports sponsorship activity with its first venture into National Hunt racing. Brit will sponsor a series of four races in the National Hunt Calendar, culminating in a new race at next year’s…
Marsh spared further agony
Law firm Freshfields today announced it has found no evidence of bid-rigging in Marsh’s UK business following an investigation into the troubled broker.
AM Best affirms Scor rating
AM Best has affirmed the financial strength rating of B++ (Very Good) of Scor and its core subsidiaries and has assigned an issuer credit rating of "bbb+" to these companies. Senior and subordinated debt instruments issued or guaranteed by Scor have been…
Equitas plays down asbestos problems
Equitas says the significant asbestos claims during the first half of 2004 are not expected to harm the company. It believes most will prove to be invalid or overstated.
Cooper Gay splits broking and risk marketing services
Cooper Gay has launched a new department CG Global Risk. It said the decision was to formally recognize the continuing separation of global insurance placements into retail client service and worldwide risk marketing.
Huddart new president at Moody’s KMV
Moody's Corporation has announced that Andrew Huddart is the new president of Moody's KMV, which provides market-based quantitative credit risk analytics for banks, institutional investors, and corporations.
Asda growth sees NU recruit 200
Norwich Union is creating 200 jobs at its Perth call centre, due to the growth of its affinity partn...
Know your agency: This month - Independent Appointments
Understanding the services and specialisms of recruitment consultancies is important. Director Nick Fraser gives the low-down on Independent Appointments
CII: new course book will help with FSA compliance
The Chartered Insurance Institute has published a new qualification course book to help insurance co...
RSA may sell its US liabilities
Royal and Sun Alliance is understood to be seriously considering the sale of its troublesome US liab...
Arc Legal Assistance announces three new ventures
Arc Legal Assistance has announced three new ventures following its entry into the residential letti...
Seatbelt case could lead to flood of claims
A legal case being brought against rail operator First Great Western, following the Ufton Nervet tra...
Argent Liability Adjusters recruits Stuart Carr
Argent Liability Adjusters has recruited Stuart Carr as manager of the company's Manchester branch. ...
Fortis UK business costs cancel out improvements
Costs covering business development and operations at Fortis Insurance UK were found to have cancell...
Appointment at Heath Lambert
Heath Lambert Group has appointed Laurence Lemee to its London-based marketing department. Ms Lemee ...