News
Third Nat Cat exchange contract to launch
Insurance Futures Exchange Services Ltd (IFEX) and Deutsche Bank AG have announced the planned launch of trading in catastrophe event-linked futures (ELF) on the Chicago Climate Futures Exchange (CCFE) later this month, pending CCFE’s self-certification…
Newman takes on Carole Nash MD role
Former Co-operative Financial Services marketing director David Newman has been appointed managing director of motor broker Carole Nash.
Glacier Re claims carbon neutral status
Glacier Re has announced the completion of its programme to become a carbon neutral business.
RFIB makes further middle east hires
Mark Randall has joined broker RFIB as a director of its middle east operation based in Dubai.
Allianz ups motor fraud panel
Allianz Insurance has increased the size of its motor fraud investigations panel following a review of its five-strong panel.
Hardy profits rise to £9.1m
Lloyd's insurer Hardy Underwriting announced its half year results today, reporting a profit before tax up 49% to £9.1m (2006: £6.1m).
RBSI enters aggregator market with Churchill brand on Tesco Compare
Tesco Personal Finance announced the long awaited launch of Tesco Compare.com, its new motor insurance comparison site this morning.
Lomas begins his defence
Former Independent Insurance finance director Dennis Lomas took the witness stand this afternoon and was asked by his barrister, Mukel Chawla QC, to describe his impressions of Michael Bright and Philip Condon who arrived together in 1987 when Allstate…
Emphatic denial completes deputy's case
An accusation that Philip Condon colluded with Michael Bright to keep reserve increases off the system, yielded in an emphatic denial today, as the former deputy MD completed his defence. David Worsfold reports .
Hain targets end to construction fatalities
The Secretary of State for Work and Pensions has called for government and industry to work together to reduce fatalities in the construction industry.
Mondial wins Eurostar travel contract
Travel insurer Mondial has won a contract with Eurostar - the high speed train operator linking the UK with the Continent - to administer single trip travel insurance policies, including optional business and winter sports cover to its customers.
St Paul Travelers launch marine package policy
St. Paul Travelers has launched a combined commercial and marine package policy for the marine leisure industries. Eligible trades include boat builders and repairers, yacht clubs, boat yards, chandlers and marine equipment manufacturers.
Highway acclaims £11m fraud saving
On the fifth anniversary of its adoption of Advanced Validation, as part of its continued fraud strategy, insurer Highway has claimed it has successfully prevented over £11m in potentially fraudulent motor insurance claims.
St Paul Travelers in new marine launch
St Paul Travelers has launched an exciting new combined commercial and marine package policy for the marine leisure industries. Eligible trades include boat builders and repairers, yacht clubs, boat yards, chandlers and marine equipment manufacturers.
Zurich UK flood losses at £128m
Zurich Financial Services Group has today estimated aggregate claims payments related to floods that occurred in the UK in July 2007 will not exceed $260m (£128m) before tax. This estimate is net of reinsurance.
Condon claims he didn't know of material under reserving
Prosecution counsel James Pavry continued the SFO’s case against Philip Condon, deputy managing director of Independent Insurance, writes Andrew Tjaardstra .
Coface appoints Palmer as commercial underwriter
Coface in the UK & Ireland has expanded its London Market team in response to an increase in the volume of business being conducted in the UK.
Ecclesiastical set to risk management arm
Ecclesiastical is set launch a new group company offering customers an independent and confidential risk management service.
Ecclesiastical to launch new business in 2008
David Leavesley has joined Ecclesiastical to launch a new group company offering customers an independent, confidential and tailored risk management service. The company, Ecclesiastical Risk Services Ltd, is planned for launch in January 2008 and will…
New microsite segments employers’ liability customers
AIG Europe has introduced a new customer segmented microsite for employers' liability to thousands of its UK brokers.
Glacier Re profit and COR improve in first half
Glacier Re has reported net income after tax for the six months ended 30 June 2007 was $33m (£16.2m) an increase of 44.7% over the prior period (H1 2006: $22.8m).
AIG sharpens focus on employers' liability
AIG Europe has introduced a new customer segmented microsite for employers' liability to thousands of its UK brokers.
RI3K unveils new message service
RI3K has announced the completion of its new message service for the insurance and reinsurance industry after a number of “significant trials”.
Recovery teams aim to help victims of fire and flood
Disaster recovery teams are being based alongside firefighters in a ground breaking initiative to provide a fast recovery service to victims of fire and flood.