News
Crawford restructures
Crawford UK operations and technical services have come under a common reporting line, with both businesses now reporting directly to Ian Muress as chief executive officer, UK & Ireland.
Brokers should disclose commission fees
Insurance brokers will have to disclose the cash amount of all commission and related payments received from insurers or risk breaking the law and Financial Services Authority rules, warned law firm Reynolds Porter Chamberlain.
Omni Whitting buys Singapore insurer in run-off
Omni Whittington Investments (Guernsey) has purchased Singapore-based Lion City Run-Off Private Limited from DBS Group Holdings.
Typhoon Muifa hits Phillippines
One thousand people have been displaced and one man injured as Typhoon Muifa devastated three provinces southeast of the Philippines capital.
NU seeks to promote leisure sector insurance
Norwich Union has published a risk-based guide to the leisure sector for brokers.
Hartford buys Nat Cat cover from Foundation Re
Hartford Financial Services Group has bought $247.5m worth of reinsurance for natural catastrophes from Cayman Island-based reinsurer Foundation Re.
Marsh & McLennan turmoil continues as five directors quit
Five members of Marsh & McLennan’s Board of Directors, including several executives of the company, have stepped down from their positions on the Board.
HBOS signs deal with Smart and Cook
Halifax Bank of Scotland Commercial Insurance is forming a strategic partnership with Smart and Cook Insurance Brokers.
Lancaster joins Confused.com panel
Classic car specialist Lancaster Insurance Services has joined the panel of Confused.com, the car insurance comparison site.
CITIC Prudential opens Shanghai office
Prudential’s life insurance joint venture, CITIC Prudential, has received official approval by the China Insurance Regulatory Commission to open a new branch in Shanghai. Prudential said that it now is well positioned to continue its expansion in the…
Highway completes distribution team
Motor insurer Highway has appointed Alan Rice as key account manager.
Aon announces new appointments
Aon has appointed Anka Taylor to the position of Director and James Boulton as Legal and Technical Advisor at Aon’s Transaction Liability Unit (TLU). The transaction team is part of Aon Professional Risks and specialises in arranging insurance in the M&A…
Zurich urges brokers to help businesses plan for bad weather
Zurich is urging brokers to support businesses by offering them advice on what they can do to reduce the risk of flood to their property.
Aon Re claims UK training pilot success
By Dan Coatswoth Aon’s Reinsurance division will become one of the first companies to receive Exemplar Status for their approach to training as part of the UK Financial Services Skills Council pilot project for accrediting in-house training schemes. Aon…
Aon Asia report highlights changing attitudes
Changing attitudes towards risk management have put buyers of property insurance in Asia in the driving seat when it comes to negotiating rates, terms and conditions, according to Aon’s ‘2004 Asia Property Report: A market in the balance’.
Japanese giant outlines new UK commercial plan
Leading Japanese insurance group Tokio Marine & Nichido Fire Insurance today disclosed a business plan to write global commercial business in London. It added the move was in line with the group’s global expansion strategy to pursue sustainable growth…
Florida AG subpoenas 11 firms
Florida Attorney General Charles Crist has subpoenaed documents going back nearly six years to 1998 from 11 insurance companies as part of his investigation into a possible broad scheme of bid-rigging and kickback arrangements between insurers and…
97% worried about security
Nine out of 10 UK bosses are concerned about security risks to their staff, states new research. Ac...
Cup winner
Scott Gallagher of DA Constable Syndicate 386 won the Andrew Clark Memorial Cup for achieving the be...
Vocational training backed
UK plcs hold vocational qualifications in high esteem and recognise the role industry has to play in...
FSA 'could help vet for fraud'
The Financial Services Authority's proposed product risk framework for general insurance could be us...
New Agnew Higgins chair to fuel niche growth
Specialist energy intermediary Agnew Higgins Pickering and Company is aiming to expand further into ...
Fighting compensation culture
This week sees the release of the latest Disney/Pixar cartoon The Incredibles in which the theme of ...
The ABI calls for stronger planning controls
The Association of British Insurers has called for stronger planning controls to ensure that new hom...