News
Integro boosts London operation with Willis swoop
Integro has appointed Guy Bessis as managing principal with the firm’s newly established international insurance and reinsurance unit in London. he has been charged with developing business from Continental Europe and South Africa and developing Integro…
Townsley to head the Association of Friendly Societies
Andrew Townsley, chief executive of Sheffield Mutual Friendly Society has been elected president of the Association of Friendly Societies. He was previously vice president.
IRM in Malay tie-up
The Malaysian Insurance Institute and the London-based Institute of Risk Management have agreed to promote IRM's risk management professional programmes in Malaysia.
Broker Network snubs approach, but remains open to improved offer
Broker Network has snubbed a recent approach to buy the company, strongly believed to have been made by Axa and Towergate.
Markel reveals Nordic expansion plans
Markel International has announced its plans to open for business in Sweden in its first move into the Nordic markets.
Willis proposes sex discrimination settlement with $8.5m fund
Willis has announced that the federal court in New York has given preliminary approval to the settlement of a class action suit filed against the company in 2001 that raised issues of gender discrimination in compensation and promotion during the period…
ABI accuses Whitehall of nationalising travel insurance scheme
The Association of British Insurers has criticised the Department for Transport's decision to scrap Air Travel Organisers’ Licensing bonds in favour of a flat £1 levy on holidays, the ATOL Protection Contribution.
The Indie Trial Verdict
Michael Bright, Denis Lomas and Phillip Condon are sentenced at Southwark Crown Court.
Posner takes new role
UK Underwriting has appointed Howard Posner as chairman of the company and its subsidiary companies, including Acumus Insurance Solutions and TPS (Insurance Admin Services).
Novae appoints Gibson as Scotland and NI manager
Novae Insurance Company has appointed John Gibson as regional manager for Scotland and Northern Ireland.
Morton moves to Aon from JLT claims role
Aon Global has appointed Alan Morton as director responsible for claims advocacy.
Henderson reports brokerage up 23%
Henderson has revealed its 12 month financial results with brokerage up 23% on the previous year.
Oval profits up £300 000
Oval has released results for the year ending 31 May 2007 showing revenues rising sharply with a 27% increase, but profits growing only 6.5%.
UK Poultry Farmers Could Lose £30m at Next Bird Flu Outbreak
UK poultry farmers stand to lose as much as £30m in a major outbreak of avian flu due to EU regulations affecting government compensation. The regulations mean there is a potentially significant gap between the compensation received for slaughtered birds…
Amlin appoints ex-Farmers boss Feinstein as non-exec
Amlin Martin Feinstein, as an independent non-executive drector of Amlin, to take effect on 1 December 2007.
Norwich Union adds child CI cover
Norwich Union (NU) has revealed that it is to extend children’s critical illness cover to all CI policies.
Iprism and Go-Compare launch commercial aggregator
Online SME insurance comparative quote facility Iprism has launched a white label service and announced its first client is insurance comparison website, Gocompare.com. Both parties claim the partnership marks the first time that a commercial insurance…
Reshuffle boost for Venture Preference
Venture Preference - Axa’s broker subsidiary - has announced its first four senior appointments since the purchase of Stuart Alexander, Layton Blackman and Smart and Cook.
Somerville to merge underwriting operations
Somerville has planned to merge its Oak HNW and Plum home underwriting operations in early 2008, subject to regulatory approval.
Assurant Solutions enhances Landlord’s Property Insurance
Assurant Solutions Intermediary, a specialist in the mortgage intermediary market delivering a range of general insurance products, has enhanced the pricing structure of its Landlord’s Property insurance cover.
Lehman brothers launches insurer risk financing tool
Global investment bank Lehman Brothers today announced that its subsidiary, Libero Ventures, has received authorisation from the Financial Services Authority and is to begin trading.
Cobra makes £4.3m broker acquisition
Cobra has today announced the £4.3m acquisition of UKI Holdings and its subsidiary, UK & Ireland Insurance Services, a Manchester-based general insurance brokerage specialising in commercial construction insurance.
Smart and Cook launches new brand for football tie-up
Broker Smart & Cook has joined forces with Premiership club Wigan Athletic to create a bespoke package of insurance services for fans. The deal with Wigan has been signed on a three year arrangement.
Direct Line adds to commercial portfolio
Direct Line has added two new products to its recently-launched commercial insurance portfolio.