News
London market insured McLaren F1 prize
The surprise success of Formula 1 (F1) racing driver rookie Lewis Hamilton has had London's contingency market buzzing after it emerged his McLaren F1 team's lead sponsor has covered win bonuses through an insurance policy.
Indie Trial: Condon's defence highlights thorough approach
On his third day on the stand, Colin Hawes, ex-deputy divisional claims director of Independent’s London Market operation, was questioned by Gareth Rees QC representing Philip Condon about the defendant’s role in monitoring claims reports and the…
Hawes recounts Condon's plea to stay in 2000
During his cross-examination, Colin Hawes, ex-deputy divisional claims director of Independent’s London Market operation, recounted a meeting in Leadenhall Market with Philip Condon in the second part of 2000, writes Olivier C Laurent .
Condon's defence highlights thorough approach
On his third day on the stand, Colin Hawes, ex-deputy divisional claims director of Independent’s London Market operation, was questioned by Gareth Rees QC representing Philip Condon about the defendant’s role in monitoring claims reports and the…
Lancashire secures $49m+ contingent equity facility
Bermudian (re)insurance start-up, Lancashire Holdings has announced that it has entered into a short-term contingent equity arrangement to provide it with at least $49m in funds at its discretion.
Aspen Re chooses Zurich for new European hub
Bermudian-parented reinsurer Aspen Re has unveiled plans to open a major European hub office in Zurich trading under the name Aspen Re Europe.
Post pick of the week
Anthony Gould, editor in chief of Post provides a run down of the major news stories in this week’s issue of Post Magazine including: insurers near breakthrough in battle against whiplash fraud; F1 hero Hamilton’s insurance; Former Axa boss joins Broker…
State Farm to place Jumbo $4bn Cat bond
US insurance giant State Farm is to place just over $4bn in catastrophe bonds through a vehicle called Merna Re.
Capita underwriting manager joins rival
Arc Legal Assistance has appointed Sarah Dyer to the newly created position of underwriting manager.
GAB looks to Matthews for UK business
Neil Matthews as joind loss adjuster GAB Robins as business development manager for the UK. He joins from Close Premium Finance where he was national new business manager.
Ex-Hiscox director Sweeney takes new role
Former Hiscox development director David Sweeney has resurfaced as the new director of Sterling Insurance's personal lines division. Post reported in March how Mr Sweeney had left Hiscox in a shake-up at the insurer . He will take over the household…
Hitachi capital promotes MPPI site to brokers
Hitachi Capital has launched its direct to consumer website which allows brokers to white label their own sits for mortgage payment protection sales.
Swiss Re and Goldman Sachs underwrite first Cat CDO
Nephila Capital the Bermuda-based investment manager specializing in catastrophe reinsurance and weather risk, has announced the launch of Gamut Re, the first investment vehicle to be funded using collateralised debt obligations (CDOs).
Ex Cooper Gay board member given new Benfield role
Benfield has appointed Frank Rieder, senior vice president, to its international reinsurance and non-marine retrocession team.
G6 gains traction as Aspen Re signs up
Aspen Re, a subsidiary of the Bermudian group Aspen Insurance Holding, has announced the launch of a global IT platform based on the group of six (G6) standards.
Aspen backs G6 over e-trading
Aspen Re has launch of an IT global platform that will enable it to trade live risk messages electronically with Lloyd’s brokers anywhere in the world.
Employers need to weigh up benefits
Refusing flexible working requests may in some cases be preferable to acceding, according to legal e...
Aviva wins award for international diversity
Norwich Union's parent Aviva has been recognised for its international diversity programmes at the W...
Wide support for smoking ban
A survey has shown that 91% of workers support the forthcoming workplace ban on smoking. According ...
Mind the skills gap
The Leitch Report exposed some glaring problems with skills shortage in the UK, as Norrie Erwin reports
Pick of the Week
Anthony Gould, editor in chief of Post provides a run down of the major news stories in this week’s i...
Fund dispute settlement
Broker Benfield and Aon this week announced that they had reached a conclusion with Lloyd's in relat...
Appointment at JDC Consultants
JDC Consultants has made two appointments to its team. Michael Kelly has joined as manager, special ...
Independent trial: sketch from Southwark crown court
The trial of Independent Insurance's three former directors has seen the prosecution call its first witnesses, with former assistant general manager Stuart Pettet spending four days at the stand. Former assistant general manager for the regions Michael…