News
Thomas, Carroll chairman retires after 50 year career
Evan Thomas, chairman and co-founder of Thomas, Carroll has retired after a 50 year career in insurance broking.
Biba Conference breaking news: Trade body in terror cover warning
Following the recent bomb attack in Egypt, the British Insurance Brokers’ Association this morning called on insurers to cover terrorism as a matter of course in insurance policies and warned travellers to check their policies.
Biba Conference breaking news: Taylor to stay on as chair
British Insurance Brokers' Association chairman Max Taylor is to stay on for another year it was revealed this morning.
D&O rates continues to slide claims broker
Directors’ and Officers’liability insurance rates in the London market were largely unaffected by insurance industry losses following Hurricanes Katrina, Rita and Wilma, according to the latest Willis Index for this coverage area for the first quarter of…
Swiss Re unveils rights and hybrid details for GEIS buy
Swiss Re has announced the launch of an at market rights offering of approximately $1bn whilst providing further information on its forthcoming hybrid capital offerings.
Spitzer announces Ace settlement
New York attorney general Eliot Spitzer and state insurance superintendent Howard Mills have announced an agreement with ACE and its United States subsidiaries to resolve allegations of bid-rigging and improper "finite reinsurance" transactions.
Hitachi Capital reports 120% profit rise
Hitachi Capital's Insurance division has announced increases in premiums written and net profits for the financial year ended 31st March 2006.
Aspen cuts exposure in wake of 2005 storms
Aspen Insurance Holdings has been working hard to reduce its catastrophe exposures in the wake of the losses that were inflicted by the 2005 Atlantic hurricane season.
Finite exodus at Platinum
Unveiling solid 1st quarter results, Bermudian reinsurer Platinum Underwriters revealed a significant decrease in its finite book of business
Former Airbus risk consultant joins Marsh
Marsh has appointed Andrew Grant as a senior risk consultant within the Property Risks team of its Risk Consulting Practice.
Broker hails success in attracting bright staff from "drudgery of London life"
Cambridge-based broker La Playa has expanded its corporate team, with Amanda Dewey joining as corporate account handler. Chris Owens PhD also joins as finance and administration manager.
UK seeing fastest growth in business failures since 1999
The UK is experiencing its fastest growth in the number of limited businesses failing, according to the latest figures from Experian, the information solutions company. In the first three months of 2006, corporate failures increased by 15.3 per cent to 4…
Broker and business bodies unite to lambast Government over regulation costs
The British Insurance Brokers’ Association and the Federation of Small Businesses this morning jointly warned the Government that they must do more to combat the disproportionate impact of regulation on small insurance brokers.
Insurer in fire epidemic warning
Figures released yesterday by Zurich Municipal, indicate that school fires cost an estimated £67m in 2005 - a £16m reduction from the previous year and the lowest figure in half a decade.
Imarket unveils new product roll out
Imarket has revealed that Software Solutions Partners will begin piloting products on the general insurance industry portal in May, ahead of an aggressive rollout throughout 2006.
Axa and RSA strike £500m deal
Insurers Axa and Royal and Sun Alliance have sealed a major distribution deal which will see them handle together almost £500m worth of new business over the next three years.
Motor insurer enters household market
Highway Insurance today announced the launch of a pilot for its proposed entry into the household insurance market.
Last call for IRM course
Applicants for the Institute of Risk Management's 2006 certificate course have been urged to enroll ...
Winners and losers
Post Magazine's monthly round-up of job cuts and gains
Budget adviser wins award for Excellence
Andy Rippon, sales adviser at Budget's Fusion contact centre in Peterborough, has been announced as ...
IFS online qualification connects with Searchlight
The Institute of Financial Services has teamed up with insurance training specialist Searchlight Sol...
FSSC consults industry over new foundation framework
The Financial Services Skills Council has launched a consultation process, seeking industry views on...
Brit Insurance gross premium totals
Brit Insurance's gross premiums written to the end of March 2006 totalled £373.9m compared with £366...
North of the Border - Claims Spotlight
Scottish civil juries - is this a divisive lottery?