News
Guy Carpenter to develop new global client development unit
Guy Carpenter, the reinsurance broking arm of Marsh and McLennan, has appointed David Priebe to head up its global client development group, which will build new business, manage client relationships and develop viable client-centred solutions.
Most believe they can get away with insurance fraud
More than half of Britons (56%) think it’s unlikely people who commit insurance fraud will get caught, according to a survey.
Colemont appoints new MD
Colemont Insurance Brokers has appointed Jonathon Proctor as managing director of its property, casualty and treaty division.
The Broker Network adds 23 with 20 in the wings
The Broker Network has announced that 23 independent insurance brokers have now completed their application procedures and will be joining TBN as associate members with effect from 1 June 2008.
Novae sees rates fall 6% in first quarter
Lloyd's insurer Novae this morning reported gross written premium during the first quarter: had fallen slightly to £88.5m (Q1 2007: £89.1m)
Buffett pulls out of RBSI auction
Berkshire Hathaway has pulled out of the bidding for the Royal Bank of Scotland Insurance business.
PB Week: Football, holiday and an earthquake
The climax to the Premiership proved a nail-biting affair for many. As an Everton fan (who comes from Twickenham - you don't choose them, they choose you), I managed to attend the Newcastle game at an extremely warm Goodison Park, writes Andrew…
New broker Renew to use CDL platform
New broker Renew Insurance Services has selected CDL software as its broking platform.
Ace Europe upgrades pension trustee cover
Ace Europe and the Occupational Pensions Defence Union havelaunched a new pension trustee liability product ‘Ace PTL Elite’ - which includes access to a range of specialist support services provided by the OPDU.
Arig's first quarter net profit halves
Arig, the Middle Eastern (re)insurer, has said that first quarter net profit more than halved, dropping to $3m from $7.6m in the first quarter of 2007.
Ropner appoints new chairman
Ropner Insurance Services has appointed Frank Hindle as its new chairman.
Swinton snaps up more outlets
Swinton has acquired fifteen Moneyway insurance outlets as part of a multi-million pound deal.
Lee Gladwell to leave the CII
The Chartered Insurance Institute's director of general insurance markets Lee Gladwell is leaving the post on 18 July.
AIG board 'disappointed' by recent performance
(BestWire) The board and management of American International Group expressed disappointment at the company’s recent financial performance but tried hard to allay fears that the giant insurer was in a crisis.
Run off specialist reports 68% hike in profit
Non life insurance run-off specialist, Randall and Quilter, has reported a 68% rise in group operating profit to £8.7m in 2007.
Zurich sees signs of rating improvement across Europe
Zurich has reported a 10% increase in gross written premiums globally for the first three months of 2008 to $1.2bn (2007: $1.02bn). Its business operating profit improved 5% to £1.1bn, although its combined ratio fell 1.3% to 94.6% (2007: 93.3%).
Catlin bolstered by international business as London premiums drop 8%
Catlin this morning issued an interim management statement following the company’s annual general meeting, which revealed gross premiums written remained flat as of 31 March 2008 at $1.2bn (March 2007: $1.2bn). Net premiums written increased to $0.8bn …
Employers express concern over worker alcohol abuse
UK employers believe that alcohol is helping contribute to a lack of productivity, according to rese...
Insight reveals CCA winner
Carol Harris of the Age Concern home insurance contact centre has been crowned as the Integra Insigh...
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First English college gains CII accreditation
Blackburn College has become the first college in England to receive accredited provider status from...
Pick of the Week
Post online and supplements editor Stephanie Denton and editor Jonathan Swift looks at the week's maj...
Oval boss hits out at sell-off speculation
Oval has insisted it will remain an "independent, privately constituted broker". It follows recent ...
Aggregators mull trade body as FSA offers advice
Aggregators have questioned the Financial Services Authority review on comparison websites - with so...