News
DAS gung-ho for international expansion
Legal expenses insurer DAS is looking to expand into four international territories next year with C...
Singapore post for Tan
Whittington Group has announced that Peter Tan has been appointed group strategic acquisitions direc...
Appointment at Mondial
Mondial UK has appointed Aimee Charlwood as business development manager. Ms Charlwood will help dev...
CBG signals acquisition intent with equity issue
Aim-listed Broker CBG's market capitalisation should rise to approximately £20m after the Manchester...
IIB slams disclosure errors
Insurance brokers have told the Financial Services Authority the disclosure of remuneration in exact...
London Market operation: claims kept off the system
Ian Winter QC representing Michael Bright, continued to question Colin Hawes on the claims process within Independent’s London Market claims operation this afternoon, writes Sarah Hills .
London Market operation - audit concerns
Colin Hawes, ex-deputy divisional claims director for Independent’s London Market operation told the jury today how he was asked on two separate occasions not to make information readily available to Independent’s internal auditor, writes Sarah Hills .
Gallagher Re attracts Carvill actuary
Broker Gallagher Re has announced the appointment of Mark Flower as chief actuary for its UK operations. Based in London, Flower will lead the international analytics team across all business lines worldwide excluding USA.
Ribeiro appointed international markets director at Lloyd's
Lloyd’s has appointed Jose Ribeiro as its new director of international markets and business development.
Contract certainty code of practice published after two years' work
The Contract Certainty Steering Committee has published a code of practice designed to ensure policies continue to be fully agreed prior to coverage becoming active.
Defaqto: Oversupply likely to hit brokers
In its latest report into the UK Home Insurance Market, Defaqto claims new entrants have made the market increasingly competitive. As a result it predicts brokers will struggle to keep their share of business.
DE Shaw buys James River, to merge with Bermudian operations
US specialty insurer James River Group has announced that its board has unanimously agreed to be taken over by hedge fund group, DE Shaw.
"Disappointed" Snowball puts boardroom rift rumour to bed
Norwich Union executive chairman Patrick Snowball has spoken publicly for the first time since deciding to step down and join Towergate.
Outsourcing firm recruits former adjusting sales manager
Outsourcing provider Aquilo this morning unveiled its new amangement team. Joing Chris Langridge, who became finance director in the latter part of 2006 are Arthur Rackstraw - who has now been appointed as chief operating officer and David Germaine has…
London market claims operation
Colin Hawes, deputy divisional claims director for Independent's London Market operation took the stand this afternoon as the prosecution’s third witness, writes Anthony Gould . He described how increases on reserves for some claims relating to 1997 and…
Claims reserving under constant review
Prosecution witness Michael Watts said Independent’s claims management policy was basically “a constant process of review, review and more review in an effort to understand what was happening and how” and to establish a consistent and smooth claims…
KCP and Allianz partner for commercial lines
Software specialist KC Partners and Allianz Insurance have joined forces for a new commercial initiative.
DUAL International announces its half-year performance
Dual International revealed gross written premiums for the period October 2006 to March 2007 had increased by 20% versus the same period last year, with figures surpassing €52 million, in its half year results.
BIBA: commission disclosure doesn't need FSA regulation
In answer to the FSA forensic review of commission disclosure, the British Insurance Brokers' Association said: "It is our view that greater transparency for commercial customers can be achieved by the market of its own accord and we do not need further…
Aon highlights its own Willingness to pay index
Aon has commended Airmic for proposing a Willingness to Pay index, but highlighted the fact it already does its own.
Glacier Re sells $75m Nelson Re cat bond
Switzerland-based reinsurer Glacier Re has announced thhe issuance of a $75m catastrophe bond through a vehicle known as Nelson Re.
Broker raises millions to fund new acqusition push
Listed Manchester based insurance broker CBG is proposing to raise £3m before expenses, by way of two Placings, in order to finance a number of potential acquisitions.
Indie trial: Second witness takes stand
In his final questioning of witness Stuart Pettet today, counsel for the prosecution Andrew Baillie, asked about the degree of certainty or uncertainty that would permit a new claim to be left on the whiteboard rather than registered, writes Mairi…
Prosecution: Whiteboard claims
In his final questioning of witness Stuart Pettet today, counsel for the prosecution Andrew Baillie, asked about the degree of certainty or uncertainty that would permit a new claim to be left on the whiteboard rather than registered, writes Mairi…