News
High Court backs FSA in PPI rulling
A High Court judgment has upheld the Financial Services Authority rules on how complaints into payment protection insurance are handled.
Markel appoints Asia CUO
Markel has named current London senior underwriter Mark Warrilow as the new chief underwriting officer of Markel International Singapore.
RSA expands SME e-trading proposition
RSA has expanded its e-promise team, which supports brokers e-trading with RSA.
Chaucer accepts Hanover bid
US firm The Hanover Insurance Group has had a £313m bid to acquire Chaucer accepted.
Allianz unveils new PI product
Allianz Commercial has launched a professional indemnity product for distribution within UK broker market.
RBSI sale confirmed for H2 2012
At an Annual General Meeting with shareholders, Royal Bank of Scotland Chairman Sir Phillip Hampton has outlined the bank's insurance assets are to be sold in the second half of 2012.
Zurich executive committe member steps down after 33 years
Zurich today announced that after a 33-year career with the company Paul Hopkins has elected to retire as a member of the group executive committee.
Only 12% believe Government FSA overhaul will meet 2012 deadline
Almost three fifths (58%) of insurance professional questioned by the Chartered Insurance Institute think that the industry’s needs have not been taken into account in the plans to overhaul the Financial Services Authority.
New Towergate chair remains tight lipped about successor to Andy Homer
Towergate’s new non-executive chairman Alastair Lyons has refused to give a timescale for it to find a successor to Towergate chief executive Andy Homer.
UKGI creates MD post in reshuffle
UK General Insurance Group has appointed Michael Warren to the newly-created role of managing director following a firm-wide restructure.
Axa confirms senior commercial departure
As a result of the senior management restructure at Axa commercial, distribution director Keith Hector has left the business.
Zurich executive committe member steps down after 33 years
Zurich today announced that after a 33-year career with the company Paul Hopkins has elected to retire as a member of the group executive committee.
BMS launches Pioneer Underwriting with Liberty Syndicates
BMS has launched a new Lloyd’s managing general agent - Pioneer Underwriting - in conjunction with Liberty Syndicates.
Aon Benfield: reinsurance capital hits all time high at year end 2010
The total global reinsurer capital reached an all-time high of $470bn (£288bn) at December 31, 2010 – a 17% increase over the 2009 period, according to Aon Benfield.
Plantec Holdings technicians boost qualifications
Plantec Holdings has put all its technicians through the Automotive Technician Accreditation scheme.
Aon Benfield: reinsurance capital hits all time high at year end 2010
The total global reinsurer capital reached an all-time high of $470bn (£288bn) at December 31, 2010 – a 17% increase over the 2009 period, according to Aon Benfield.
Fitch upgrades RSA, despite some capital concerns
Fitch Ratings has upgraded RSA's Insurer Financial Strength rating to 'A' from 'A-' and Long-term Issuer Default to 'A-' from 'BBB+'.
European insurers call for Solvency II non-compliance fines
European insurers would like to see the European Insurance and Occupational Pensions Authority fining regulators where Solvency II is not applied equally across the European Union.
Fitch upgrades RSA, despite some capital concerns
Fitch Ratings has upgraded RSA's Insurer Financial Strength rating to 'A' from 'A-' and Long-term Issuer Default to 'A-' from 'BBB+'.
Hastings Direct hires former Eldon boss as managing director
Hastings Direct has appointed a new managing director for insurer services.
European insurers call for Solvency II non-compliance fines
European insurers would like to see the European Insurance and Occupational Pensions Authority fining regulators where Solvency II is not applied equally across the European Union.
Acquisitive Higos buys another broker in South west drive
Higos Insurance Services has acquired Plymstock Insurance Centre, near Plymouth.
JLT granted South Africa license
Jardine Lloyd Thompson Group has confirmed that its South African business has been awarded a license to operate by the Financial Services Board.
Biba: regulation is bigger burden than tax
The regulatory burden imposed by the Financial Services Authority (FSA) on the insurance broking sector is a greater competitive disadvantage than the amount of corporation tax it pays, the British Insurance Brokers’ Association has warned.