News
Link and Zenith strike new deal
Link Insurance and Zenith Insurance have appointed Userve to provide salvage management and disposal services throughout the UK.
Countrwide recruits following multimillion pound income surge
Countrywide has strengthened its sales team following the launch of Partner Broker which increased commission for its brokers.
Markerstudy in Birmingham swoop
Markerstudy Group has completed the acquisition of Birmingham based The Insurance Factory. The family-run business, founded in 1974 by Colin Gregg, incorporates The Insurance Shop and Wessex Finance.
Standard Life PMI plan targets 55% premium reductions for brokers
Standard Life Healthcare is promising to extend the affordability of comprehensive medical cover through intermediaries.
IFS backs Tories' financial education pledge
The ifs School of Finance, a financial education charity, has welcomed the Shadow Chancellor’s announcement today that if elected to Government, financial education will be taught to all 11 – 18 year olds.
L&G appoints Roche for broker push
Legal & General has appointed Andy Roche in the new role of national sales manager for its general insurance business. As well as being responsible for broker sales teams across England and Wales, Mr Roche will also head up the insurer's new dedicated…
Zurich promises CII qualified staff across the board
Zurich Insurance claims it is the first insurer in the UK to partner with the Chartered Insurance Institute to create a professional qualifications training programme that aims to put 100% of claims, risk management, sales and underwriting employees…
Bollington acquires again
The Bollington Group has strengthened its presence in Wigan with the acquisition of broker M G Smithies Limited. The purchase comes hard on the heels of its acquisition of Oxfordshire broker F M Green last week.
Former spy chief becomes chairman at Ascot Underwriting
Ascot Underwriting has announced that Sir Richard Dearlove, the former head of the British Secret Intelligence Service (MI6), is to become its next chairman.
Ecclesiastical in anti-fraud drive with Beachcroft
Ecclesiastical has announced a contract with law firm Beachcroft as its first dedicated supplier of anti-fraud legal services.
Scottish Re loses “secure” AM Best rating
AM Best has downgraded the financial strength rating of life reinsurer Scottish Re to B (Fair) from B+ (Very Good) and its issuer credit ratings to “bb+” from “bbb-” of the primary operating insurance subsidiaries
Allianz Cornhill appoints new engineering director
Allianz Cornhill has appointed Neil Clutterbuck as director of engineering with effect from 1st January 2007, following the retirement of current director Alan Harris.
XL subsidiary receives subpoeana in NY investigation
In a regulatory filing Bermudian (re)insurer XL Capital has admitted that one of its subsidiaries has received a grand jury subpoena from the Antitrust Division of the US Attorney's Office for the Southern District of New York seeking documents in…
AIG Europe to provide travel insurance for airline bmi
AIG Europe has been appointed as travel insurance provider for bmi.
Kiln buys into Asia in HK move
Lloyd’s (re)insurer Kiln has bought the Hong Kong-based underwriting agency, International Reinsurance Services Limited (IRS).
Lib Mut receives general licence for Vietnam
US-based international (re)insurer, Liberty Mutual Group has received a licence to operate a wholly-owned general insurance company in Vietnam.
Gittings given new London market role
David Gittings has been appointed as the new chairman of the Chartered Insurance Institute’s London Market Faculty advisory board. He succeeds Derek Thornton who has completed his term of office.
Marsh expands its FACS team
Broking giant Marsh has expanded its Forensic Accounting and Claims Services team with the appointment of Luc Agostini.
Perkins Slade appoints Love as board director
Broker Perkins Slade has announced new management appointments, following the decision made by Wayne Robertson, director of sport, to retire in early 2007.
OIL to lose 9 members at 1/1
Bermuda-based oil industry mutual group, Oil Insurance Limited (OIL) has announced that nine of its shareholders will withdraw from the mutual and not renew their policies with effect January 1, 2007.
GB Underwriting launch contractors liability product
GB Underwriting Limited has launched a new Contractors Liability scheme.
Guy Carp and Amlin claim electronic claim first for London
Reinsurance broker Guy Carpenter and Lloyd’s (re)insurer Amlin say they have completed the London market’s first fully paperless claim settlement.
Zurich in UK rate warning
Zurich Financial Services this morning reported general Insurance gross written premiums and policy fees of US $26.3 bn, an increase of 3% (in local currencies), and a combined ratio of 94.8%, an improvement of 6.1 percentage points for the first nine…
Broker wins training award
A senior training consultant at broker Carole Nash has won the North-west trainer of the year trophy...