News
Kelly steps in at Renaissance Re as Donner heads to US
Renaissance Re has appointed Jeffrey Kelly as executive vice president and chief financial officer, effective 6 July. He will succeed Fred Donner, who is leaving the company for personal reasons to return to the US.
Pick of the week: Biba alerted to HSBC charges; LAM ceases trading...
Senior reporter Louise Meeson looks at the major news stories in this week's Post.
Biba welcomes trade credit decision
The British Insurance Brokers Association has welcomed the announcement to backdate the available trade credit insurance top-up cover from 1 October, 2008.
Insurers global growth plans not dampened by recession
The global economic downturn has not deterred most insurers from considering growing beyond their home markets, according to Accenture.
Insurer which lost laptop found in breach of data protection act
The Information Commissioner's Office has found legal expenses insurer Amicus Legal in breach of the Data Protection Act after reporting a laptop computer containing personal information relating to 100 000 customers was stolen.
Majority of industry doing business electronically, say Aon
The majority of brokers and underwriters are doing business electronically, according to a new Aon report.
Brit hires Munich Re underwriter
Brit Insurance has announced the appointment of Kevin Foley as class underwriter - international property.
Insurance firm tells staff to keep schtum over possible swine flu outbreak
Employees at loss adjuster Cunningham Lindsey's Glasgow office have been warned by bosses not to mention to visitors it is being investigated for a possible swine flu outbreak.
Unum further enhances adviser support with new group business website
Unum has launched a sister website for Group advisers as part of a continuing programme to support their business development.
Pick of the week: HSBC security demand, LMA ceases trading, AA sticks to plan...
Senior reporter Louise Meeson looks at the major news stories in this week's Post: The British Insura...
No Lloyd's insurers in FTSE 100, says BDO Stoy Hayward
Amlin's move to the FTSE 250 means there are no Lloyd's insurers left in the FTSE 100, according to financial advisers BDO Stoy Hayward.
Osborne urges regulation to retain London’s ‘competitive advantage’
Shadow chancellor George Osborne has called for improved regulation to ensure that London stays as an attractive place for insurers to do business.
No need for revolution in insurance regulation, says Lord Turner
In his first speech to insurers since becoming chairman of the Financial Services Authority, Adair Turner said that unlike in the banking world, "there is no equivalent need for revolution" in insurance.
Hastings to hire 150 new staff
After announcing the recruitment of 150 staff across the business, Hastings Direct is hiring a further 150 new staff.
HCC joins expanded government trade credit scheme
HCC has joined the Euler Hermes, Atradius and Coface as a provider of the government's trade credit insurance scheme.
NHS unveils new insurance panel arrangement
The NHS Purchasing and Supply Agency has launched two new vehicle insurance related framework agreements for brokerage services and underwriter services
Senior retro broker leaves Aon-Benfield
Richard Dunn, senior retro broker at Aon-Benfield is understood to have left the company earlier this month Reinsurance has learnt. He is understood to be on gardening leave. Aon-Benfield declined to comment on the speculation.
LAM loses appeal hearing
London Authorities Mutual will cease underwriting activities today and go into run-off, pending any fresh legislation, following defeat in Appeal Court this morning.
Brit adds underwriter from Munich Re
Brit Insurance, the international general insurance and reinsurance group, today announces the appointment of Kevin Fol ey as Class Underwriter - International Property, within its Global Markets business.
Insurance execs cautiously optimistic claims KPMG
Insurance executives are cautiously optimistic about the next 12 months, with many expecting to experience growth, according to a recent survey by KPMG International and the Economist Intelligence Unit.
Woolworths captive acquired by Randall & Quilter
Run-off specialist Randall & Quilter has acquired Woolworths Captive, the captive insurance company of Woolworths Group (in administration), from the administrator, Deloitte.
Marsh singles out industries in PI perfect storm
Marsh predicts that the UK architectural, engineering and construction sector is facing a 'perfect storm' which could leave many firms facing increasing risks at a time when the current trend of falling professional indemnity premiums rates may start to…
Broker tells insurers not to persecute young drivers
Insurers should recognise efforts by young drivers who are seeking to improve their driving standards, Simon Douglas, director of AA Insurance, will tell an insurance industry conference today.
Max hammers latest Validus offer
Bermudian (re)insurer Max Capital has dismissed rival Validus' increased bid for island rival IPC Holdings.