News
Major overhaul of company law unveiled
Sweeping changes to simplify and improve company law were unveiled in the Company Law Reform Bill, published today. Deregulation is at the heart of the Bill, which contains proposals to save businesses up to £250 million a year - including £100 million…
Richard Brindle to head $750m-$1bn Lancashire Bermuda start-up
Reinsurance Magazine has learnt that Richard Brindle, previously a star underwriter with Charman underwriting at Lloyd’s before its 1998 acquisition by ACE, is to start a new short-tail reinsurer on Bermuda.
Law firm hits out at Government for falling for insurers'
The government has fallen into a trap set by the insurance industry in a phoney war over a compensation culture that does not exist, leading personal injury law firm Thompsons announced this morning.
Government unveils Compensation Bill
The Parliamentary Under Secretary of State, Baroness Ashton of Upholland, this morning issued the following written statement on the long expected Compensation Bill.
Rating agencies downgrade RenRe
Moody's Investors Service has lowered the senior debt rating on RenaissanceRe Holdings to Baa1 from A3 and the insurance financial strength rating of Renaissance Reinsurance to A2 from A1.
Willis appoints RSA exec
Willis today announced the appointment Royal and Sun Alliance's group financial controller Patrick Regan.
Appointment at Fusion Insurance
Steph Riordan has become executive manager at Fusion Insurance. She joins from Richmond House Group,...
Appointment at Trisystems
IT and business consultant Mark Duff has moved to technology provider Trisystems. He becomes senior ...
Capita arm outsourcesto adjuster
Capita Insurance Services has reached an agreement to outsource its volume loss adjusting work to th...
GAB Robins reveals £2.7m loss for 2004
Loss adjuster GAB Robins has admitted its internal restructuring in the UK has caused dissatisfactio...
Insurer smoking ban poser
Employers' liability rates for pubs that continue to allow smoking could be set to soar, once a part...
NU declares pleural plaques case is pivotal
Norwich Union this week insisted its pleural plaques appeal in two weeks is fundamental to the futur...
Appointment at Bollington Group
Bollington Group has made three senior appointments. Michelle Bucknor joins as head of Your Business...
XL struck by Hurricane losses
Bermudian reinsurance giant XL Capital confirmed the market's fears this week when it announced a ne...
Hiscox chief challenges brokers to prove their worth
Hiscox has hit out at brokers for failing to add value in areas such as claims and policy servicing ...
Welsh broker challenges nationals
Broker Moorhouse has launched a corporate division with the aim of becoming the first choice insuran...
Treasury set to yield to industry pressure
The government looks likely to delay implementation of VAT on outsourced insurance services, followi...
The FSA appoints Adam Phillips
The Financial Services Authority has appointed Adam Phillips as the vice chairman of the Financial S...
Two new solvent schemes of arrangement have been sanctioned
Two new solvent schemes of arrangement have been sanctioned, taking the number to 21 since the contr...
Credit rehab has insurers worried
MPs have been warned about claims farmers offering credit-agreements for the provision of rehabilita...