News
Andrew Dismore ousted by 106 votes
Labour’s Andrew Dismore has lost his Hendon seat to the Conservative Party candidate, Matthew Offord, by 106 votes following a recount.
Industry puzzled by EC Block Exemption changes
A seminar held at law firm Clyde and Co found that many insurers and brokers are unclear about what constitutes anti-competitive behaviour, following the recent changes to the EC’s Insurance Block Exemption Regulation, according to attendees at a seminar…
Powell quits Oval
Former Powell Insurance Brokers chief executive Eliot Powell has left his role as Oval’s Liverpool boss after selling his business to the intermediary in 2008.
Biba awaits "challenges and opportunities" of hung parliament
The British Insurance Brokers’ Association said it will "be watching carefully" over the next few days to see which government is formed and details of the policies and individual appointments relevant to members and the wider industry.
Industry puzzled by EC Block Exemption changes
A seminar held at law firm Clyde and Co found that many insurers and brokers are unclear about what constitutes anti-competitive behaviour, following the recent changes to the EC’s Insurance Block Exemption Regulation, according to attendees at a seminar…
Arc agrees legal expenses deal with Novae
Lloyd’s insurer Novae has appointed Arc Legal Assistance to provide personal legal expenses and a dedicated travel claims service.
Munich Re Q1 profits rise
Munich Re has reported a quarterly profit of €485m up from €437m in Q1 2009 due to large gains from the disposal of investments but natural catastrophe costs “unusually high.”
IAM Drive and Citroen sign for Arsenal
IAM Drive & Survive and Citroen have agreed to provide an advanced driver training programme to the young players of Premier League giants Arsenal.
PartnerRe Q1 results dip
PartnerRe has reported net income of $79.7m for the first quarter of 2010 in comparison to $141.4m in Q1 2009.
Crawford appoints EMEA legal chief
Crawford & Company has named Christopher Pinney head of legal for its Europe, Middle East and Africa and Asia-Pacific regions.
Validus reports loss of $118.4m in Q1
Validus Holdings has reported a net loss of $118.4m, or ($0.95 per diluted common share) for the three months ended 31 March 2010, compared with net income of $94.9m, or $1.20 per diluted common share, for the three months ended 31 March 2009.
GAB raids Teceris for counter fraud staff
Claims company GAB Robins has appointed two specialists from rival adjustor Teceris to its counter fraud and investigation services.
Munich Re Q1 profits rise
Munich Re has reported a quarterly profit of €485m up from €437m in Q1 2009 due to large gains from the disposal of investments but natural catastrophe costs “unusually high.”
Chaucer expecting $25m oil spill hit
Lloyd’s insurance group Chaucer has estimated losses of $25m (£16.9m) to Syndicate 1084 due to the explosion of the Deepwater Horizon oil platform in the Gulf of Mexico.
RBSI records COR of 113.3% in Q1 2010
Royal Bank of Scotland Insurance has reported a combined operating ratio, including business services costs, of 113.3% for the first quarter of 2010 compared with 101.5% in Q1 2009.
Crawford appoints EMEA legal chief
Crawford & Company has named Christopher Pinney head of legal for its Europe, Middle East and Africa and Asia-Pacific regions.
Catlin confident Deepwater and Chile quake will have positive impact on pricing
Catlin this morning reported gross premiums written increased by 9% to US$1.3bn during the three month period ended 31 March 2010. Using constant exchange rates, gross premiums written rose by 5%.
Merlin raid bolsters Delta's UK coverage
Delta Claims Services has signed up Lesley Andrew as an owner operator to trade under the company's exclusive adjusting franchise model.
Catlin confident Deepwater and Chile quake will have positive impact on pricing
Catlin this morning reported gross premiums written increased by 9% to US$1.3bn during the three month period ended 31 March 2010. Using constant exchange rates, gross premiums written rose by 5%.
Chartis' Marr appointed IFB director
The Insurance Fraud Bureau has named Chartis vice president of financial crime Glen Marr as its new director.
Mapfre and Banco Do Brasil agree link-up
Spanish insurer Mapfre has formed a strategic alliance with financial institution Banco Do Brasil to form one of the largest insurance groups in the South American country.
Axa appoints new procurement boss
Régine Lucas has been appointed executive vice-president, procurement for the Axa Group.
Mapfre and Banco Do Brasil agree link-up
Spanish insurer Mapfre has formed a strategic alliance with financial institution Banco Do Brasil to form one of the largest insurance groups in the South American country.
Axa appoints new procurement boss
Régine Lucas has been appointed executive vice-president, procurement for the Axa Group.