News
EDI progress heralded
During its financial year ended 31 May 2007, Open GI systems were used to write 2.2 million policies via EDI – an 8 % increase on the previous year. the software firm announced today.
FSA appoints new director of Retail Firms Division
The Financial Services Authority (FSA) has appointed Sheila Nicoll, currently deputy chief executive of the Investment Management Association (IMA), as its new director of the Retail Firms Division.
MPs urge parliament to do more on financial education
More than 80 Members of Parliament have signed a parliamentary motion recognising the achievements of the ifs School of Finance as the only provider of personal finance qualifications for 14-19 year olds.
Wilson replaced as FSA retail firms boss
The Financial Services Authority has appointed Sheila Nicoll, currently deputy chief executive of the investment management association, as its new director of the retail firms division.
Montpelier opens in Lloyd's to write US MGA business
Bermudian reinsurer Montpelier Re has announced that it has received approval from Lloyd’s for a new syndicate, to be known as Montpelier Syndicate 5151to start trading on July 1st 2007.
Capita loses executive director
Dermot Joyce has resigned from his position of executive director at Capita Insurance Services, Post has learnt.
Former CU boss given St Paul role
Sir John Carter has been appointed non-executive chairman of St Paul Travelers Insurance.
Restraunteur blames NIG for forced sale of business
Ian Fleming, owner of Glasgow restaurant, The Buttery, has announced the sale of his business, blaming insurer NIG for refusing his claim over a catastrophic fire last Christmas.
L&G ties up affinity deal
Legal & General has been appointed by Newcastle Building Society to provide exclusive household, mortgage payment protection and travel insurance cover to its mortgage and non-mortgage customers.
Indie Trial: over-reserving problem turned 180 degrees over time
Independent’s reserving position moved from one that appeared to routinely produce outstanding reserves that later settled at hefty discounts to one that by the end was producing reserves that were over-optimistic, writes Mark Geoghegan .
Indie over-reserving problem turned 180 degrees over time
Independent’s reserving position moved from one that appeared to routinely produce outstanding reserves that later settled at hefty discounts to one that by the end was producing reserves that were over-optimistic, writes Mark Geoghegan .
Royal & SunAlliance launches Truck products
Royal & SunAlliance (RSA) has launched a new Trucks product. Designed for small businesses, Trucks will provide insurance cover for commercial goods vehicles between three and a half and 18 tonnes, for companies running up to four vehicles.
Zurich appoints head of local government
Zurich Municipal appointed Andrew Jepp to the newly created role: head of local government.
Catlin US makes key underwriting hires
Catlin announced that Nick Greggains has been appointed as chief underwriting officer-insurance and Andrew Englesbe has been appointed as chief underwriting officer-reinsurance for Catlin US, Catlin’s underwriting platform in the United States.
Consolidator in Macclesfield broker buy
North west consildator CBG Group has completed the acquisition of G F Baskeyfield & Company, a provider of general insurance broking and financial advisory services, for £1.15m.
Insurer calls for action on UK's most dangerous roads
Insurance provider yesinsurance.co.uk is calling for action to reduce the risks posed by the UK's most dangerous roads, such as the A682 in Yorkshire, the A54 in Derbyshire, and the A84 in Scotland.
Former Giles manager joins JPA
Halesowen based Johnston Park McAndrew has appointed Dale Collett as its new sales & marketing director.
Clarkson felt like piggie in the middle
Former Independent group claims director Patricia Clarkson spoke of feeling like a “piggie in the middle” when it came to getting authorisation to put whiteboard cases on the system, writes Jonathan Swift .
Claims manager reassured over Independent's finances
Former Independent group claims manager Patricia Clarkson admitted that she would have been “worried” about Independent Insurance’s position regarding reserving had she not been reassured that off-system finances existed to sufficiently cover claims,…
Marsh creates market’s first all-lines hotel facility
Marsh has launched a hotel facility for individual hotels and small chains. The Specialised Products Hotel Facility will provide all-lines cover, including property, casualty and terrorism, for global territories excluding North America.
Axa boss de Castries set for surprise move into politics
Axa’s group chief executive Henri De Castries could be in line for a shock move into government after reports linked him with the role of Minister for Economics - equivalent to the UK's Chancellor of the Exchequer.
ABI climate change paper turns the screw on government strategy
The Association of British Insurers has published of its climate change adaptation manifesto, hoping to put pressure on government to develop an effective strategy. ‘Adapting to our Changing Climate: A Manifesto for Business, Government and the Public’…
Ace in new mid to large commercial package push
Ace Europe has launched a combined package policy which it claims offers a new minimum standard of protection for large to medium companies.
National Car Rental in £1.5m fight against fraudsters
National Car Rental is fighting back in the battle against insurance fraud.