News
Periodical compensation payments one year on
An insurance solicitor has given a cool report on periodical compensation payments, one year after t...
Appointment at Brit Insurance
Mike Thomas and Kay Clancy have joined Brit Insurance as head of strategy and architecture, and head...
Appointment at Alexander Forbes
Alexander Forbes has made Simon Scholfield regional managing director responsible for expanding its ...
Willis to rank insurers on service and support
Broker Willis is launching the Willis Quality Index, an initiative to benchmark insurance carriers from the perspective of servicing and supporting clients’ needs.
Texan bid-rigging probes claim senior AWAC scalp
In an SEC filing, soon-to-float Bermudian (re)insurer AWAC has revealed that it has been involved in investigations into bid-rigging and inappropriate use of contingent commissions in the State of Texas and that it indefinitely suspended its chief…
Starr sues AIG
A company controlled by Maurice ‘Hank’ Greenberg, the former chairman and chief executive of the American International Group, is suing AIG, seeking access to documents it said might show mishandling of a $1.64bn legal settlement.
Periodical compensation payment take-up limited
A leading practitioner has given a cool report on periodical compensation payments one year after their introduction.
Equity signs affinity deal with Ryanair
Equity Insurance Group and Ryanair today announced an affinity deal to provide the low cost airline's customers with car and home insurance products.
Government announces audit of FSA effectiveness
The Government has announced that it is to carry out a wholesale audit of how effective the Financial Services Authority has been.
Former broker reinsurance head joins Hiscox arm as MD
Hiscox subsidiary Insurex Expo-Sure, has appointed Mark Trevor as managing director.
Hoshina new CEO and president of TMR
Tokio Millennium Re has appointed Tatsuhiko Hoshina as president and chief executive of the company, effective from August 1 this year. He will retain his current position of chief underwriting officer for the immediate future.
Hardy poaches Chaucer man for new 2007 syndicate
Lloyd's (re)insurer Hardy Underwriting Agencies has snnounced that Patrick Gage will be joining HUA in time to launch a new syndicate for the 2007 underwriting year of account.
QBE merges Lloyd's and non-Lloyd's PI management
QBE today announced with immediate effect, the management of the professional indemnity portfolios of QBE Insurance (Europe) and DA Constable Syndicate 386 will be merged.
FarmWeb Launches Safe Storage Service for Farmers’ Insurance Certificates
FarmWeb, the national network of agricultural insurance brokers, is to help farmers comply with legislation by offering a new service for the secure storage of Employers Liability certificates. The service, the first of its type in the UK, will be…
Asbestos decision: ABI believes government open to reform
Stephen Haddrill, Director General of the ABI, met with John Hutton MP, Secretary of State for Work and Pensions this afternoon in the wake of the UK government's announcement to amend the Compensation Bill.
Government mesothelioma decision does nothing to make system fairer
The government’s decision today to amend the Compensation Bill to change the system of making claims for mesothelioma has prompted criticism from the Association of British Insurers
Lloyd's Newline sets up UK company arm
Following the lead of many Lloyd’s based operations, Odyssey Re’s Newline Underwriting Management has set up a UK-regulated insurance company to be based in London.
Government acts to reverse asbestos decision
The TUC has welcomed the decision by the government to amend the Compensation Bill to reverse last month's House of Lords ruling that slashed the compensation payments made to mesothelioma sufferers and their families, as predicted by Post Magazine last…
Highway pays out £6.8m in personal injury care case
Highway Insurance has agreed to pay £6.8m in an out-of-court settlement to a car crash victim in a dispute over whether it or the local authority should pay for the man's care.
Hiscox redomicile plan moves closer
Hiscox today said that work has progressed with regards to moving its domicile to Bermuda. "Work has progressed on the move and we will make a more detailed statement on this at the time of the half-year results," the insurer continued.
FSA consults on insurance special purpose vehicles
The Financial Services Authority is today consulting on rules to introduce to the UK, a new fit-for-purpose regime for Insurance Special Purpose Vehicles. The proposals form part of a wider consultation on the implementation of the EU Reinsurance…
Apil calls for insurers to follow NU lead in suspending plaques cases
APIL and Norwich Union have reached an agreement to put pleural plaques cases on hold pending a crucial House of Lords judgment which could affect thousands of claimants.
Plus One launches age-related MPPI
White label insurance provider PlusOne Insurance Solutions has launched an age-related mortgage payment protection insurance available exclusively to it’s “own brand” partners.
Cullum names first broker buy
Recently launched acquisition vehicle Cullum Capital Ventures has announced its first broker purchase - Moffatt Saunders based in Ware in Hertfordshire.