News
Treasury sets out competitiveness agenda
The Economic Secretary, Ed Balls, today set out the next steps in the Government's wider dialogue on how best to ensure the continued global success and competitiveness of the UK based financial sector - a dialogue which began with the Chancellor's High…
Thompsons demands insurers refund government meso claim contributions
Insurers should repay to the State the money insurers deduct from mesothelioma victims' compensation payments, said claimant law firm Thompsons.
Axa announces restructure
Axa has announced changes to the organisational structure within its life and general insurance companies that it claimed will give both businesses a sharper market focus and closer alignment to customer needs.
MIB announces its four new legal advisors
The Motor Insurers’ Bureau has selected four firms for its new solicitor panel.
Beachcroft welcomes proposals in Second Issues Paper
The English and Scottish Law Commissions have now published their second Issues Paper, this time dealing with warranties. In their continuing major overhaul of insurance contract law, they propose putting an end to all “basis of the contract” clauses…
Lucas Fettes receives Lloyd's accreditation
Broker Lucas Fettes has received provisional accreditation as a Lloyd’s broker.
Marsh expands service team in Leeds
Marsh has expanded its local client servicing team in Leeds in order to boost business growth in Northern England.
Axa linked to possible AA bid
Axa Group has been tipped as a potential bidder for the AA after news that its owners are hoping to sell or float it next year for £3bn, reports Ed Vinales.
Lancashire to open marketing office in Dubai
Bermudian start-up (re)insurer Lancashire has announced that it intends to incorporate a subsidiary in the Dubai International Financial Centre ('DIFC') targeting energy and engineering risks.
IAIS gives reinsurance sector clean bill of health
Global regulators’ club, the International Association of Insurance Supervisors (IAIS) has given the global reinsurance industry a clean bill of health despite a tough year in 2005.
RSA entices former Allianz overseas property team
Royal and Sun Alliance has appointed a new team of overseas property investor specialists. The team of four brings extensive experience of the property investor market, and will have a particular focus on handling the multi-national needs of clients.
Scottish Re $600m rescue prompts positive agency response
Troubled Life reinsurer Scottish Re has announced a $600m equity infusion to stave off its liquidity crisis prompting an immediately positive reaction from ratings agency Standard & Poors (S&P) and more guarded encouragement from Fitch.
St Paul appoints active underwriter for Syndicate 5000
St. Paul Travelers has announced that Steve Eccles has taken over as the Active Underwriter for Syndicate 5000.
New bosses hired at First Assist
FirstAssist Insurance Services, created following the separation of the FirstAssist Group into specialist companies, has appointed its managing director and head of sales for its speciality insurance business.
Aquilo enters exclusive takeover talks
Aquilo plc has announced that it has entered into exclusive negotiations with a major UK plc in relation to the disposal of the business of Aquilo Motor Services Ltd, a subsidiary of the company.
Financial Institution rates falling says Willis
Insurance premiums for the UK’s financial institutions are continuing to fall, according to the Willis Index tracking this coverage area for the third quarter of 2006.
Sidley Austin expands London insurance operation
Sidley Austin has announced as part of the expansion of its London Insurance Practice, Dorothy Cory-Wright will join the London office to establish and head an insurance contentious litigation practice.
Sterling completes office move
Sterling Insurance Group has moved its entire Folkestone operation to larger premises in West Malling, Kent.
Boardroom shake-up at Aascent Finance
Aascent Finance has announced a new senior management structure with immediate effect.
Allianz Cornhill staff charity raises £60 000
The annual Allianz Cornhill fundraising campaign has raised £60,000 for the Association of Children’s Hospices.
Brit further expands cricket associations
Brit Insurance Holdings has today strengthened its links with English cricket by becoming the Official Insurance Partner of English Test Match Grounds in a four-year sponsorship deal.
Zenith boosted by Budget hire
Insurer Zenith Services UK has appointed Andrew Bennett as general manager - development, marketing & agency.
RSA seals Eastern European joint venture
Royal & Sun Alliance has signed a framework agreement with Direct Insurance Financial Investments (DIFI), to form a joint venture to access markets in Eastern Europe and Russia. The JV will own Link4, the market leading direct insurance operation in…
Southern expansion for Brokerbility
The Brokerbility Group is expanding its operations in the south following the addition of Surrey based Clear Insurance Management, which will form the cornerstone for the development of a new region in the South East.