News
Trade body sees sales decline with the FSA
A motor dealers' association has stopped short of calling for wholesale changes to Financial Service...
Garwyn outlines plans after MBO
Loss Adjuster Garwyn plans to expand its presence in the disease and construction sectors, said its ...
FSA puts stress on certainty
The Financial Services Authority has told the London market it will gain a commercial advantage over...
What the papers said this week
The Sunday Telegraph Who is the 'voice talent' behind Mr Mouse, Esure's podgy blue rodent? Believe ...
Sirius launches imarket campaign
Software house Sirius and three insurers have announced a campaign to drive up broker use of imarket, the commercial lines portal, throughout 2006. In conjunction with Allianz Cornhill, Norwich Union and Royal & Sun Alliance, Sirius will be hosting a…
Arthur J Gallagher makes new appointments
Arthur J Gallagher has announced a number of changes to its organisational structure. David Ross was recently appointed chief executive of Arthur J Gallagher (UK) and Keith Barton has been named chief financial officer of Arthur J Gallagher (UK). In…
Hiscox adds to events team at Expo-Sure
Tunbridge Wells based specialist event insurance provider, Insurex Expo-Sure – a part of Hiscox, has strengthened its team by appointing two new managers. The roles were recently created after Insurex Expo-Sure was acquired by insurance group Hiscox in…
Max Re gains underwriter from Ace
Peta White has joined Max Re's Property and Casualty Reinsurance Division as Senior Vice President and International Treaty Underwriter.
RenRe promotes internally for Glencoe CEO
Bermudian (re)insurer, RenaissanceRe has announced that William J. Ashley has been promoted to CEO of Glencoe Group., RenaissanceRe's individual risk business, which includes primary insurance and quota share reinsurance lines.
CMGL launches anti-fraud unit
CMGL, provider of insurance management services, today announced the launch of CMGL corporate risk solutions, a new business unit specialising in the prevention, detection and investigation of business risks including insurance fraud and white-collar…
Aspen PIERS issue well-received
Bermdian (re)insurer Aspen has announced today that it closed the sale of an additional 600,000 perpetual preferred income equity replacement securities ("Perpetual PIERS") following the exercise in full of the over-allotment option held by the…
DIMA rejects reinsurance lobbying claims
The Dublin International Insurance & Management Association (DIMA) has rejected claims that it has lobbied the Irish Government not to accede to European Commission Directorate proposals to introduce mandatory regulatory standards for the reinsurance…
NU parent denies takeover talk
Aviva has denied speculation it is in talks about acquiring a US insurer.
FSCS declares 39 firms in default
The Financial Services Compensation Scheme has declared 39 firms in default in its latest statement. Please find below a list of the latest firms to be declared in default.
Crawford gains from RBSI deal
Crawford & Company, the loss adjuster, has been selected as one of the main providers of claims management services to Royal Bank of Scotland Insurance. Crawford said it has been selected to provide UK-wide claims management services covering general…
FSA Strachan outlines contract certainty update
David Strachan, insurance sector leader, Financial Services Authority, made the following speech at The Insurance Institute of London today.
NU announces more redundancies as part of restructure
Norwich Union today announced its support services – including IT, properties and facilities management – are being restructured.
NU shake up sees insurance broker boss change
Norwich Union has announced a GI shake up with insurance broker director George Berrie revert to previous role after less than a year in the role.
La Playa in HNW expansion
Cambridge-based broker La Playa has expanded its high net worth private client team, with Sue Ephgrave and Amy Bridger joining as account executives.
AWAC downgraded as it moves away from AIG
AM Best. has downgraded the financial strength rating (FSR) to A (Excellent) from A+ (Superior) of Bermudian (re)insurer, Allied World Assurance Company (AWAC) and its affiliated subsidiaries.
Aon produces new political risk map
Investors will not be trading in a safer world in 2006 despite twice as many countries experiencing political risk upgrades as downgrades in Aon’s 2006 Political & Economic Risk Map. The map shows that political interference poses the greatest threat to…
NU signs international healthcare deal
International healthcare provider, Goodhealth Worldwide, has signed a new underwriting agreement with Norwich Union Insurance.
Willis recruits 70th network member
The Willis Commercial Network has recruited its 70th member, McHale Heaney (City) Limited of London.
Home and motor premiums static says AA Insurance
Premiums for both car and home insurance remained static over the last three months of 2005, following small increases during the previous quarter, according to the latest benchmark AA British Insurance Premium Index.