News
New Watchdog for Claims Management Companies
A new watchdog is about to clean up the excesses of the hitherto unregulated claims farming industry.
Collins poaches Willis Re exec for West Coast
US (re)insurance broker Collins has hired John Novak as a Senior Vice President for its West Coast operations.
Brit appoints onshore energy underwriter
Brit Insurance has appointed John Bryce as onshore energy underwriter.
Safety fears over glaziers prompts call for mandatory licence
A supplier of replacement doors and windows to the insurance industry is calling for every single contractor and operator in the glazing sector to be licensed - before somebody dies because of poor fitment.
MPs call for graduated driving licence
An early day motion has been tabled at the House of Commons calling for a graduated driving licence scheme in a bid to reduce deaths on the road.
Aon report highlights cultural problems in M&A deals
Cultural differences are hindering merger and acquisition transactions alongside other risks that can be more easily addressed, according to a private equity M&A report commissioned by Aon. The survey shows that amid increasing expansion by private…
K&R firms merge
Protective security company ArmorGroup International has announced the acquisition of Neil Young Associates, one of the world’s leading specialist kidnap and extortion consultancies, for a maximum consideration of £1 million.
Amlin reports strong start to 2007
Lloyd's insurer Amlin this morning reported that the gross written premium (after brokerage costs) in the year ended 31 December 2006 was £882m, up 19% over the same period in 2005. It also noted that it had a strong start to 2007 with business up 12% in…
Former Lloyd's director to take Aviva CEO job in July
Norwich Union's parent Aviva this morning announced that, after almost a decade in a CEO role, Richard Harvey has expressed his intention to retire as group chief executive on 11 July 2007.
Lloyd’s of London appoints Barbados agent
GM Yeadon Group has been appointed by the Agency Department at Lloyd’s of London as its exclusive Barbados Agent, effective from 1st January, 2007.
Heath Lambert personal lines go live on Open GI system
Open GI is the first software house to release Heath Lambert’s new range of full cycle EDI Homeline products.
Former Zurich ops boss joins THB
Specialist insurance broker THB Group plc has appointed Zurich’s former UK strategic planning director as its new director of group operations.
GAB boss to head up rival arm
Loss adjuster MYI has unveiled plasn for a new realty division, marking the extension of the firm’s offering to the growing property investors market.
Allianz Cornhill wraps up broker deal
Allianz Cornhill Commercial has secured a five year partnership with Higos Insurance Services to provide commercial package solutions for the broker’s SME book of business.
Equity: Acquisition update
Equity Insurance Group today confirmed its acquisition by Insurance Australia Group has been completed today.
Markel president lambasts Lloyd's aviation strategy
Markel president Tony Markel has launched a scathing attack on Lloyd’s recent willingness to accept new aviation capacity. Speaking at the behest of the Insurance Institute of London at Lloyd’s Old Library, he said he had been “appalled at the resigned…
Tony Markel gives view of Lloyd's future
Yesterday saw Tony Markel, President and Chief Operating Officer return to the Lloyd’s Old Library where he opened the Insurance Institute of London’s lecture season by presenting his views on the initiatives that remain to be tackled to assure Lloyd’s…
CETA targets disaffected Paymentshield brokers
CETA has launched a new home insurance product aimed at brokers angered by Paymentshield’s decision to stop paying trail commission to unregulated intermediaries.
Football accident claim highlights value of cover says Aon
A pay out to a Barnsley FC footballer with a career-ending injury has highlighted the necessity for professional footballers to take out personal accident and illness insurance, a trend which has filtered down from the Premiership, Aon Sport said. League…
Colemont continues Estonian expansion
Colemont Global has acquired one of the top four insurance brokers in Estonia, BKM Kindlustusmaakler, from the country’s largest bank, Hansabank.
R3 Group recruits head of business development
R3 Group has appointed Jason Lawrence as Head of Business Development.
Brit joins G6 reformers
Brit Insurance has joined the group of Lloyd’s managing agents working together to modernise the market, known as G6.
Ace Tempest Re forms new Canadian underwriter
Ace Tempest Re Group has formed Tempest Re Canada, a wholly owned managing underwriter that will write all lines of property and casualty reinsurance for the Canadian market. Heading the operation will be Constantin Petalas, formerly chief executive…
Culver and NU in SME tie-up
Culver Insurance Brokers Limited has announced that, for the three year period from 1 January 2007, Norwich Union will be its principal underwriter for non motor corporate insurance policies with an annual premium value of up to £7,500.