News
Lord Levene looks at climate change trends
At the British-Japanese Chamber of Commerce, Lord Levene, chairman of Lloyd’s, gave an insurer’s perspective on climate change and the challenge it presents not just for the insurance industry but for the business community as a whole.
World cup cricket underwriters join new agency
Simon Wilmot-Smith and David Thompson formally of Art Inc have joined Underwriting Risk Services, the specialist underwriting agency.
Ace develops free electronic offering
Ace European Group has developed a service that will offer all UK brokers a fully transactional website to enable them to sell a range of commercial insurance products from ACE and other insurers.
FSA prohibits broker from trading
The Financial Services Authority has prohibited Alan Dennis Garlick, director of Chapel Finance, from carrying out regulated activities for management failures and a lack of skill, care and diligence.
MMA steps up intermediary drive
Intermediary-only insurer MMA Insurance has appointed Paul Coleman as its national development manager.
Former TAG boss dies in car crash
The former boss of failed personal injury firm The Accident Group has been killed in a car crash, according to the BBC.
Europ Assistance launches commercial property assistance
Europ Assistance has launched a new commercial property assistance product which will be made available to commercial property insurers, intermediaries and lenders. The suite of property assistance products will be available for commercial premises, to…
Lloyd's unveils new Chinese development
Lloyd's has boosted its fledgling Chinese operation with deals to ensure that business placed there is handled as quickly and efficiently as possible.
AA index: Motor premiums fall from all-time high
The average cost of car insurance fell slightly over the first quarter of 2007, after ending last year at an all-time high, the AA’s benchmark British Insurance Premium Index shows.
MMA adds two in commercial push
MMA Insurance has added a further two commercial products, commercial and residential property owners, to Broker2Broker- the comparative commercial website. This increases the number of products MMA now offers via Broker2Broker to six.
THB launches new liability cover for FSA Approved Persons
A new liability product specifically for individuals named as ‘approved persons’ by the UK’s Financial Services Authority (FSA) has been launched by THB UK Professionals Risks.
All systems go for new home finance regulation
From April 6th the Financial Services Authority (FSA) is introducing new protections in the housing market.
Axa deal for Smart & Cook moves a step closer
Harrogate-based consolidator Smart and Cook will be the next broker acquisition to be made by Axa, in what is understood to be a bid to help form a broker with £2bn in premium income, reports Richard Adams.
KBW queries Scorverium forecasts
Analysts have criticised figures released by French reinsurer Scor intended to make the case for its buyout of Swiss reinsurance company Converium.
Catlin hires non-exec pair
The Board of Catlin Group has announced the appointment of Kenneth Goldstein and Alton F. Irby III as independent non-executive directors of the company.
Oval continues Scottish acquisition spree
Oval has acquired Cuthbert Service & Jackson in Glasgow. This follows the acquisition of Service Miller, Futurity and the Retail Book of business of Senior Wright in Aberdeen.
Saga set to float
Over 50’s insurer Saga looks set to float after it confirmed it has appointed Close Brothers to assist the board in exploring future ownership options for the business.
Integro confirms swoop for GC Fac duo
Integro the $300m New York-based start-up insurance brokerage and risk management firm set up in 2005 with backing from serial (re)insurance entrpreneur Bob Clements, has announced the formation of an international insurance and reinsurance business unit…
Marine surveyors drawn into legal minefield
The International Transport Intermediaries Club has highlighted the extent of the potential legal exposure faced by marine surveyors even when they are innocent of any blame, or indeed responsibility, in specific cases.
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UK office workers told: take a break
Around 73% of office workers skip their lunch hour on a regular basis, according to new research. I...
Firms need drink code
A growing number of companies in the financial services sector are seeking solutions to tackle "a pe...
Ecclesiastical graduate scheme sees 300 apply
The launch of Ecclesiastical's first graduate training scheme has seen more than 300 graduates apply...
Beazley adds two to UK specialty PI team
Beazley Group is strengthening its UK Specialty Professional Indemnity (PI) offering with the appointments of Alison O’Rourke and Paula McManus as specialist underwriters in the technology and miscellaneous & non standard PI markets outside of the US.