News
Board must balance skills
Marketing activity must be driven and managed by someone at board level if brokers are to successful...
Kennedys welcomes Mesothelioma judgement
Kieron West, a partner at City law firm Kennedys, has welcomed today's House of Lords judgement on mesothelioma victims' compensation.
Apil: mesothelioma victims 'deserted by the law'
Association of Personal Injury Lawyers president Richard Langton has said he was appalled by today's House of Lords decision on pay-outs for mesothelioma victims, claiming they will receive just a 'fraction of the compensation to which they are entitled'.
Mesothelioma judgement 'smooths the roughness' of Fairchild decision
Eversheds and Berrymans Lace Mawer have responded to today's House of Lords decision in the case of Barker v Corus and others, in their capacity as the appellants' legal advisers.
Lloyd's insurer appoints two new directors
Chaucer Syndicates has announced the appointment of two new directors.
Lords ruling will help insurers save "tens of millions of pounds"
UK Insurers received a boost this morning when the House of Lords decided to cut asbestos compensation Mesothelioma sufferers and their families recieve.
Heritage forms new syndicate
Heritage Underwriting Agency has said it intends to form a new mid year syndicate, which will write business alongside existing Syndicate 1200.
UK’s key insurance role may be under threat
UK’s position at the heart of the world insurance market may be under threat from a combination of regulation and technology, according to accountants Moore Stephens.
Insurer unveils new group CEO
Liverpool Victoria has announced the appointment of Mike Rogers as its new group chief executive. He joins Liverpool Victoria on Monday 15 May from the Barclays Bank.
NU and Trafficmaster sign deal for black boxes
Norwich Union has signed a contract with Trafficmaster plc, a supplier of digital traffic information and intelligent in-vehicle services, for the provision of a further 35,000 telematics “black boxes”.
RenRe profits up for Q1 2006
RenaissanceRe Holdings has announced that it made $195.7m in operating income for the first three months of 2006, up on the $54.5m that it made over the same period in 2005.
ISO to develop London Market wordings
Data provider ISO has been awarded the contract to provide the London Market with the infrastructure for a "single trusted source" of market wordings.
Colemont appoints former Marsh executive
Colemont Insurance Brokers has announced the addition of Alla Giddings as chief operating officer of Colemont FSU Limited. Ms Giddings will primarily be responsible for developing and growing Colemont's operations in the former Soviet Union. She will…
Arch affirmed by AM Best
AM Best has affirmed the financial strength rating of A- (Excellent) for Bermudian (re)insurer Arch with a stable outlook.
Endurance 1Q solid but top line falls, KRW reserves up by 4%
Bermudian (re)insurer Endurance increased its reserves for net claims from hurricanes Katrina, Rita and Wilma by $35m or approximately 4% in the first quarter of 2006. However, the increases were offset by favourable 2005 accident year reserve…
Crawford appoints customer service head for building services
Crawford & Company is pleased to announce that Alison McKinna has been appointed as customer services manager within its national building services unit.
CCR posts solid 2005 results
French State reinsurer CCR's gross premium income was €1,297.9m in 2005 versus €1,307.7m in 2004. Net profit for the year rose by 22% to €125m (€102m in 2004).
Max Re Q1 2006 results depend on investigation
Max Re Capital has tentatively announced its results for the first quarter of 2006, stressing that the final results depend on the outcome of an ongoing investigation by the audit and risk management committee of its board of directors.
FSA awarded training accreditation
The Financial Services Authority has received two accreditation awards from the Financial Services Skills Council. The FSA’s corporate learning section has been awarded Accreditation of Training Excellence for Firms and its industry training team has…
Half of insurers ready for Solvency II
The majority of European insurers believe that Solvency II will improve their companies’ risk and capital management functions, and half have already enacted formal programmes to address the proposed European Union directive, according to results of a…
Former Aon director joins Howden
Neil Bullivant has joined Howden as operations manager from Aon.
CSC to cut 4300 European jobs
Insurance software specialist Computer Sciences Corporation (CSC) is set to shed 4300 jobs - mainly ...
Omega joins class of 2005 on A- rating
AM Best has assigned a financial strength rating of A- (excellent) and an issuer credit rating (ICR)...
Improved hurricane-strength index published
Carvill's ReAdvisory group, a reinsurance intermediary, has published a paper detailing a new index ...