News
Insure & Go becomes main sponsor of Southend United
Travel insurer Insure and Go has announced it has become the main sponsor of Southend United Football Club.
Towergate-linked acquisition vehicle on verge of first signing
The recently launched acquisition vehicle, CCV - Cullum Capital Ventures - headed by Towergate chairman Peter Cullum, has said it will announce its first deal within the next week.
IIB calls for evaluation of product-based FSCS levy
The Institute of Insurance Brokers has called upon the Financial Services Authority to include a product-based Financial Services Compensation scheme levy in its forthcoming consultation paper.
Crawfords hires two for global technical services
Loss adjuster Crawford & Company has announced two new senior appointments within its global technical services division.
MPPI price war continues with new product launch
British Insurance in conjunction with Assurant Solutions has launched a new direct to consumer age banded MPPI product that provides the cheapest 12-month cover available on the market according to leading information provider Defaqto.
Swiss Re finally absorbs GEIS
Swiss Re has finally completed the acquisition of GE Insurance Solutions, which will be integrated into Swiss Re over the next 18 months.
Marsh research shows risk management reduces EL costs
New research from broking giant Marsh has revealed that a majority of employers believe risk management strategies have had a positive effect on reducing employers’ liability premiums and associated claims.
Howden launches scheme for asbestos inspectors
Howden has has launched an exclusive professional indemnity insurance scheme for accredited asbestos inspectors that includes coverages not available under any other policy in the marketplace.
Lloyd's CEO Ward unveils first staff shake up, and hints at more to come
Lloyd's chief executive Richard Ward this morning unveiled a series of internal changes which he claims will "ensure executive resources are focussed on the key delivery areas of the strategic plan".
$5bn Axa bid talk gets tongues wagging
Speculation over the weekend that Axa is about to launch a £5bn bid for Swiss group Winterthur met with a sceptical response from one analyst this morning. Keefe, Bruyette and Woods' William Hawkins issued a statement, claiming it was 'not unusual' for…
Financial Services Compensation Scheme
For IFAs and Insurance Brokers the FSCS is a totally illogical and punitive financial imposition, because they cannot pass on the cost of levies to the point of sale – unlike the product providers who factor these costs into product/premium pricing. For…
Financial Services Compensation Scheme Funding Review
For IFAs and Insurance Brokers the FSCS is a totally illogical and punitive financial imposition, because they cannot pass on the cost of levies to the point of sale – unlike the product providers who factor these costs into product/premium pricing. For…
Zurich hires new team for big ticket business
Zurich Global Corporate UK has created a new business management team with the appointment of three new business manager leaders.
High court upholds process for solvent schemes of arrangement
The English High Court has upheld a challenge to the voting process for solvent Schemes of Arrangement proposed by a group of 16 insurance companies that underwrote insurance and reinsurance business in pooling arrangements known as the WFUM Pools. In…
Partner Re founder joins XL board
Bermudian reinsurer XL Capital has announced that Herbert Haag has joined its Board of Directors.
High Court sanctions Cape’s £40m scheme of arrangement
The High Court today sanctioned Cape’s £40m scheme of arrangement. The scheme relates to Cape and 12 of its subsidiaries. The Court is still considering whether to sanction the scheme in relation to Altitude Scaffolding Limited, where only one creditor…
Willis to go on 5-year acquisition spree, will sell London HQ in 2006
In a investor briefing designed to highlight the company’s 5-year strategy, the Willis group has highlighted aggressive growth targets to be fuelled both organically and by acquisition. In recent weeks the broker has been linked with major acquisitions,…
Groupama appoints new distribution director
Groupama Insurances has promoted Cathie Bruce to the role of distribution and customer service director, replacing the vacant posaition left when Amanda Blanc resigned this year to join Towergate.
Total Accident Management moves to new premises.
Total Accident Management has relocated to new premises in the centre of Bristol’s Wharf Business Area.
Marsh expands Scottish team
Broking giant Marsh has expanded in Scotland with the appointment of 17 new recruits across its Glasgow, Edinburgh, Dundee and Aberdeen offices.
New Lloyd's agency born as Chaucer strikes Quanta deal
Lloyd’s insurer Chaucer this morning announced that it has signed heads of agreement with Quanta Capital and the senior underwriting team of Syndicate 4000 to establish a new managing agency, Pembroke, to manage the syndicate. The agreement provides for…
Aon boss hails London market electronic trading progress
The director of change stategy at Aon this morning boasted that electronic trading in the London market is no longer a "pipedream" as it past the 100 000 mark in electronic claism files created.
DCA to regulate claims management companies
The Department for Constitutional Affairs has been announced as the regulator for claims management companies in Parliament today.
Minimal rating changes as S&P updates terrorism evaluation process
Standard & Poor's Ratings Services has announced it is enhancing its process for evaluating the terrorism exposure of interactively rated insurers and reinsurers. The updated process is partly a response to the increased insurance retentions under the…