News
BLM re-elects senior partner
The partners at Berrymans Lace Mawer have re-elected Terry Renouf as their national senior partner for a second term until 31 March 2012.
AXA –UK consumers unprepared for future
Over two-thirds of the UK population admit to being underprepared when it comes to future financial protection a survey by AXA suggests.
Seizure of uninsured vehicles increases
Police are seizing more than 460 vehicles a day as the number of uninsured drivers continues to rise, new research has shown.
New guides from Unum
Unum has published two new guides to help intermediaries advise clients on their Group Risk benefits during the recession.
Bermuda reinsurance composite posts loss of $6.6bn in 2008
The companies in Guy Carpenter's Bermuda reinsurance composite posted an aggregate net loss of nearly $7bn in 2008, the reinsurance broker reported.
AIG unit AIA appoints new management
(BESTWIRE) - American International Assurance, a subsidiary of AIG, said Mark Wilson, currently president and chief operating officer, has been named president and chief executive officer of the company.
Business crime rising as recession bites, says Axa
Arson, malicious damage and forcible theft are on the increase according to Axa.
Liiba claims to represent 98% of London market after split from Biba
The London and International Insurance Brokers' Association today said that more than 120 firms have joined it following its formation at the end of last year to represent brokers in the London insurance market. Between them these members represent 98%…
Research underlines fickleness of insurance customers
New research carried out by EMB, the actuarial and business consultancy, claims 61% of people will always seek an alternative quote on renewal regardless of the price quoted by their existing insurer.
Aspen promotes Clive Edwards to head of UK Commercial Insurance
Aspen Insurance Holdings has promoted Clive Edwards to the post of head of UK Commercial Insurance. Mr Edwards will replace Russell Griffiths, who is retiring on 31st March 2009.
Lloyd’s praises political agreement in Solvency II Directive
Lloyd's has responded to the Level 1 Framework Directive for implementation of Solvency II by the European Commission.
FSA issues consumer warning on Bridgewater House UK
The Financial Services Authority (FSA) has issued a consumer warning to all clients and potential clients of Bridgewater House UK that they may be at risk of their policies lapsing, due to premiums not being passed to the insurer.
FSA issues customer warning about Manchester-based broker
The Financial Services Authority has issued a consumer warning about Bridgewater House UK.
Solvency II decision abandons group support regime
Law firm, CMS Cameron McKenna has expressed disappointment with the recent consensus on the Solvency II Directive.
LV on track to become top five car insurer
LV's bid to become the top five car insurer ambition by 2012 remains on track after the insurer reported a 19% rise in its general insurance premiums from £342.9m in 2007 to £423.5m.
Claims Club Rising Star Awards - enter now
The closing date for entries for this year's prestigious Post Magazine Claims Club Rising Star Award is the 8 April so enter now .
Guardian Holdings names interim boss
Peter Austin is stepping down from his position as chief executive of Guardian Holdings Insurance Services on 31 March.
Novae grabs underwriter from Marketform
Novae Insurance, the insurance arm of Lloyd's insurer Novae, has appointed experienced medical malpractice underwriter, Mike McGill, to its growing team.
Group Re understood to be behind Advent quota share deal
Group Re is understood to be the "A-rated reinsurance subsidiary of Fairfax Financial Holdings" behind the recently-announced Advent quota share deal, Reinsurance understands.
Advent Syndicate agrees quota share arrangement
Following the major fluctuation in US Dollar exchange rate, Advent has completed its review of the 2009 plans of Syndicate 780 and has received approval from Lloyd's for the revised arrangements.
PricewaterhouseCoopers welcomes Solvency ll compromise
PricewaterhouseCoopers welcomes the compromise reached on the Level 1 Framework Directive for implementation of Solvency II by the European Commission and believes this makes approval more certain before the summer.
ABI responds to Solvency II Directive
The Association of British Insurers (ABI) has issued a statement in response to the he Solvency II Directive, which has set a new framework of regulatory requirements for insurers across Europe and has been agreed in Brussels. The directive will adopt…
ABI disappointment at missed Solvency II opportunity
The Association of British Insuers has admitted disappointment at today's Solvency II directive agreement.
Teceris boss Steel replaced by loss adjusting outsider
The managing director of Capita's loss adjusting arm Teceris is to leave the business, Post has learnt.