News
Senior trio seeks VC funding for new underwriting agency
A trio of former directors from the Royal Bank of Scotland Insurance stable has teamed up to launch ...
Novae appointed
The Towergate Partnership has appointed Novae Underwriting to supply a web-based delivery system to ...
Quintet forms new action group to recover millions
Insurers owed money following the failure of broker BPS Insure have decided to team up to consider w...
Falling pound helps Markel
The falling value of the pound against the dollar during quarter three of 2005 should help Markel In...
Aon: UK jobs to go in shake-up
Broker Aon has conceded that it will be forced to axe more UK jobs, to make up for the loss in reven...
Appointment at DTE
DTE has made three new appointments: Nick Green as business development director, Lesley Cooper as a...
Commercial underinsurance rife
A total of two-thirds of businesses do not have comprehensive insurance to cover crimes incurred, ac...
FSA warning over unauthorised motor insurer
The Financial Services Authority has issued a warning to consumers about a company called H&O Insure Limited which it believes is offering invalid motor insurance policies to the general public. Policies issued under this name have come to light in the…
MMA extends anti-fraud system use
MMA Insurance has expanded its agreement to use anti-fraud software system, Advances, from motor to household claims.
New joint venture by Cooper Gay
The Cooper Gay Group, along with Michael W. Cashman, have created Cooper Gay & Cashman. This joint venture operation is headquartered in Minneapolis, Minnesota, with Mr Cashman serving as its chairman and chief executive.
Former CGU chair announces retirement date
Aviva today confirmed that Lord Sharman of Redlynch, OBE, will succeed Pehr Gyllenhammar as chairman of Aviva with effect from 1 January 2006.
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.