News
Apil thumbs-up to CFA shake-up
The Association of Personal Injury Lawyers has welcomed the government’s decision to streamline conditional fee arrangements.
CFA revamp revealed
Consumers, businesses, insurers, courts and lawyers will benefit from simplification of conditional fee regulations, the government claimed.
Converium close to selling CRNA, says report
Troubled reinsurer Converium is looking at selling off its subsidiary Converium Reinsurance North America (CRNA), which has been in run-off since 2004, according to a report in the Financial Times.
PI Direct Group appoints Wallas as chairman
Andrew Wallas is to become the non-executive chairman of the PI Direct Group's holding company, Martello Underwriting, with effect from 1 September.
SBJ launches exceptional risks
SBJ, London and international insurance market broking subsidiary of the SBJ Group, has formed a new division, exceptional risks, and appointed Charles Heneage as its managing director.
Converium results show improvement
Converium made a loss before taxes of $16.4m for the first half of 2005, a dramatic improvement on the previous year, when it registered a loss before taxes of $295m. Net income for the first six months of the year came to $9m, again up substantially on…
UnumProvident subpoenaed by regulators
UnumProvident has said it has received a subpoena from Oklahoma's insurance commissioner seeking evidence of possible improper broker compensation and bid-rigging in the state.
China mops up after Matsa
Typhoon Matsa has killed seven people and caused several billion yuan in losses as it ravaged through East China's coastal area over the weekend.
Vukelic fired from Faraday
Berkshire Hathaway has confirmed that Milan Vukelic, the chief executive of the Faraday arm of the company’s General Re subsidiary, has been dismissed.
ZM appoints head of market for single tier authorities
Zurich Municipal has appointed Ronan Ball to a newly created role of head of market to look after the needs of Single Tier Authorities. Mr Ball and his team will be responsible for providing insurance and risk management services for Scottish, Welsh and…
Enterprise acquires Countrywide Property Inspections
Enterprise has acquired the entire share capital of Durley Group Holdings, which includes Countrywide Property Inspections and Build Assured, to form their new insurance division.
Spitzer probe reaps more guilty pleas
New York Attorney General Eliot Spitzer has obtained more guilty pleas from insurance executives as his year-and-a-half long probe into bid-rigging and price-fixing abuses builds steam.
MetLife subpoenaed over broker compensation
MetLife has said that it has received a subpoena from Florida's attorney general and Oklahoma's insurance commissioner over broker compensation practices.
Munich Re results hit by American Re drain
Munich Re’s results for the first half of 2005 have been hit by the continuing need to strengthen the reserves of its subsidiary, American Re.
RBSI warns of pressure on motor pricing as it adds over 500 000 new policyholders
Royal Bank of Scotland Insurance’s contribution to the group increased by 6% or £25m to £435m for the half year ended 31 June, reflecting what it described as “good volume growth and expense control in a very competitive market”.
Broker enters football affinity market
Broker Direct Choice has been appointed at Celtic Football insurance partner to sell motor, bike, van and home insurance.
D&G sees strong warranty growth
Domestic and General has had a strong start to the year with strong warranty turnover growth.
Willis expands San Francisco office
Willis Group has announced the appointment of three insurance leaders to its San Francisco, California operations.
Helphire makes £25m acquisition
Helphire has agreed to acquire Swift Rentacar, the prestige car credit hire business, for up to £25.2m
Construction figures still rising says DTI
Construction orders in the year to June 2005 rose by five per cent compared to orders in the previous twelve month period, and orders in the second quarter of 2005 rose by nine per cent compared to the same quarter a year earlier, according to the…
FSSC in third training scheme push
The Financial Services Skills Council last week unveiled a new scheme to recognise trainers in the f...
Risk management MSc launched
The Chartered Insurance Institute and Cass Business School have teamed up to launch an MSc in Insura...
Time to test yourself
A selection of questions from various past-CII qualification papers
Appointment at Allied World Assurance Company
Allied World Assurance Company has promoted David Leathem to senior vice-president of international ...