News
George Boden to chair Compre board
Run-off and consultancy firm Compre has named George Boden as chairman.
BP Marsh reaps investment profits
Insurance industry venture capital firm BP Marsh announced a near 70% rise in pre-tax profit to £2.3m (2010: £1.4m) and said its net asset value (NAV) had grown 8.1% during the year.
Litmus appoints Shipperlee from S&P
Insurance consultancy Litmus Analysis has taken on former Standard & Poor’s and AM Best insurance analyst Stuart Shipperlee as a partner.
Hogarth and Marshall move to LAS
Former Imperial Consultants managing director Ian Hogarth, and senior client development manager, Ritchie Marshall have joined LAS Claims Management.
European fleet insurance market worth €18bn by 2015
The European market for fleet motor insurance is expected to be worth more than €18bn by 2015, according to Finaccord.
Axis International teams up with Middle East firm
Axis International Loss Adjusters and Surveyors has formed a partnership with Saudi Arabian-based Ahmed Omar Badhidouh & Partners Trading Co to provide loss adjusting and surveying services across the region.
Apil calls for clampdown on bosses who ignore workplace injuries
The Association of Personal Injury Lawyers (Apil) is calling for employers who use the incoming relaxation of some health and safety rules as an excuse to fail to report workplace injuries to face the full force of the law.
European insurers vie for KBC's Polish Warta
Several European insurers are believed to be in the running to acquire Polish insurance company Warta from Belgium's KBC, according to reports from Polish financial daily, Parkiet.
Chaucer enhances motor team
Chaucer Insurance has appointed Paul Baxter as head of direct to enhance the division’s commitment to building a leading UK motor business.
Towergate appoints independent non-executive director
Subject to Financial Services Authority approval, Towergate Insurance has announced the appointment of James Strachan to its board as an independent non-executive director, and chairman of the group risk and compliance committee.
Five join medical intermediaries’ group
The Association of Medical Insurance Intermediaries has welcomed five new companies taking membership to “well over 100 intermediary firms”.
Aspen launches risk management online
Aspen Risk Management has launched a virtual risk manager service to help brokers and clients identify risk management alternatives to insurance.
Bermuda is US’s biggest insurance ally
Business Bermuda’s 2011 Economic Impact Study claims that for the first time ever Bermuda became the most important international provider of insurance services to the US last year.
Family found guilty over compensation claim
The husband and daughter of a woman who lied about the extent of her injuries after she was hit by a bus in order to claim £1.5m in compensation, have been found guilty of contempt of court.
No justification for FSA compensation
Professional indemnity insurance broker PI Expert has warned that the Financial Services Authority’s demands for more power to issue compensation awards could be a cash cow for the regulator.
Axa and Generali in running for HSBC non-life book
European insurers Axa SA and Assicurazioni Generali SpA are thought to have submitted first-round bids for HSBC's non-life insurance business in a deal worth up to $1bn (€728m), Reuters has reported.
Home & Legacy in broker push
High net worth underwriting agency Home & Legacy has announced ambitious expansion plans on the back of slicker technology and a six-month 2.5% boost in commission paid to brokers.
CII Blog: The kids are alright
Time to reflect on a busy summer - and what's been an eventful season of youth bashing.
Skillin returns to Imperial Consultants
Having concluded other business matters, Kevin Skillin is returning to the operational and development side of Imperial Consultants as CEO.
Insurance Insight weekly update live
Insurance Insight’s weekly update is live with an article on how European insurers will be affected by US Asbestos, Pollution and Health Liabilities when Solvency II is implemented; and a guest blog on brokers putting business out to auction.
Westfaelische Provinzial Versicherung AG upgraded to 'AA'
Insurer Westfaelische Provinzial Versicherung AG has had its insurer financial strength ratings upgraded to 'AA' from 'A+' with stable outlook.
Risk managers skills poll result
Have risk managers had a adapt their skills-set?
CEA opposes US tax proposals as barrier to European insurers
The CEA is strongly opposing Bills introduced this week US House of Representatives saying they could lead European insurers to withdraw from the US market.
AIR estimates insured losses from Jova less than $52m
Hurricane Jova damaged limited as storm hit sparsely populated areas in Mexico and then weakened.