News
Xchanging to float on LSE
Business-process outsourcing specialist Xchanging is all set to float on the London Stock Exchange. ...
Lloyd's announces $7.2bn profit for the year ended 2006
Specialist insurance marketplace Lloyd's has announced profits of £3662m ($7.2bn) for 2006.The profi...
Captive popularity on the rise in UK, says Marsh
UK companies are increasingly considering captive formation, driven by a desire to implement sophist...
SCOR takeover battle for Converium runs on
French reinsurance company SCOR has announced the European Commission (EC) has approved its hostile ...
Heritage reports bumper year despite Rock loss
Fledgling Lloyd's insurer Heritage has reported bumper 2006 annual profits, with a gross premium inc...
Trend toward global softening to continue, broking giants predict
Leading brokers have predicted that reinsurance lines will remain flat or slip lower throughout the ...
RFIB in private-equity buyout
Lloyd's broker RFIB Group has announced a buyout funded by Fleming Family and Partners' private equi...
Florida businessmen warn of extending Citizens cover
A Florida business lobby group has urged the state's insurers and budget leaders to proceed cautious...
Alea Group accepts £162m Fortress bid
Alea Group, the Bermuda-based insurer that was placed into run-off last year has received an offer f...
Aon Global Risk Consulting launch
Broking giant Aon has formed a dedicated risk-consulting, captive-management and risk-engineering gr...
Lancashire gets new CEO as Brindle takes back seat
Class of 2005 Bermudian (re)insurance start-up, Lancashire has appointed Simon Burton as chief execu...
Bermuda Monetary Authority appoints new CEO
The Bermuda Monetary Authority (BMA) has announced that Matthew Elderfield has been appointed as its...
Brit directors cash in as options mature
Brit Insurance Holdings chief executive Dane Douetil has rounded off the insurer's recent spate of share buy-backs by cashing in a string of personal options netting him more than £300 000.
Policyfast recruits 200 new agencies
Policyfast, the recently launched wholesale broking operation has appointed 200 brokers to its panel of supporting intermediaries.
FSA sets out future of Regulation
The Financial Services Authority (FSA) has published a paper setting out its current thinking on its move towards a more-principles-based regulatory regime.
Lloyd's broker hires senior London figure for development role
Lloyd’s broker Thompson Heath & Bond has appointed Peter English in the new role of Development Director.
THB hires development director
Specialist Lloyd’s broker Thompson Heath & Bond has appointed Peter English in the new role of development director.
Building close to collapse after Manchester fire
A large section of Manchester city centre remained closed off this afternoon after more than 120 firefighters tackled two blazes in commercial buildings. According to BBC news although the initial fire on Dale Street was brought under control, embers…
NIG merges two London offices under one head
NIG has merged its two London offices into a single business headed up by City manager, Julian Rhodes, in effect from today.
Markel replaces contingency underwriter with Sirius hire
Markel International, has appointed of Wayne Paternoster to the role of contingency underwriter in the Specialty underwriting division.
Allianz drops Cornhill
The Cornhill name has finally been consigned to history after the insurer rebranded as Allianz Insurance PLC today.
Ace launches online pollution liability facility
Ace Europe's commercial premises pollution liability product is available online via its fully automated e-commerce platform – Ace Online, the insurer announced today.
Arista expects £1m from taxi scheme with Robert Nott
Arista has launched its first scheme with the development of a tailored taxi product through Robert Nott Insurance Brokers. This move follows the company’s recent launch and the appointment of Simon Henderson as head of schemes.
Former Aon VP joins Oxygen board
Oxygen has announced the appointment of Peter Christie to its board as non-executive director.