News
Hiscox announces US expansion and new president
Hiscox has announced the appointment of Ed Donnelly in the newly-created position of president of Hiscox USA. Mr Donnelly will report to the director of underwriting, Robert Childs, and be based in Armonk, New York.
Towergate expands East Midlands footprint
The Towergate Partnership has announced the opening of a new office in Nottingham, which will be headed by Neil Emerson and Sally Swann, formerly of Bland Bankart.
Crawford's Clough opts for Argent
Argent Liability Adjusters has recruited David Clough as a senior adjuster at its Leicester office.
Union slams CIS
Retail union Usdaw has held emergency talks with its members at Co-operative Insurance Society after the insurer’s decision to press ahead with its new sales force structure.
Catlin Guernsey opens for business
Catlin has announced that CatlinGuernsey Limited is now actively underwriting aviation insurance for commercial policyholders.
OFT appoints Fingleton from Irish counterpart
Trade and Industry Secretary Alan Johnson today announced the new chief executive of the Office of Fair Trading (OFT). John Fingleton, currently the Chairperson of the Irish Competition Authority, will take up his position in October 2005 for a five year…
Scot Prov continues transparency push
Scottish Provident has launched a guide to underwriting and claims for intermediaries selling protection cover.
CIS details restructuring progress
Co-operative Insurance Society has announced that it is fully on target to realise all the benefits from its modernisation programme, and that many changes already implemented are realising benefits ahead of schedule.
S&P unveils syndicate assessment review
Standard & Poor's Ratings Services (S&P) has announced the results of its latestSyndicate Assessment (LSA) review, which considered the 2004 syndicate reports and accounts published during the first quarter of 2005.
Hank Greenberg to defend AIG accounting
Lawyers for Maurice "Hank" Greenberg are to present Securities and Exchange Commission regulators with a series of "white papers", defending the way he handled accounting while at the helm of American International Group, according to the Financial Times…
Moody’s withdraws Radian Re’s ratings
Moody's Investors Service has withdrawn the Aa3 insurance financial strength rating (IFSR) of Radian Reinsurance.
NU gives adviser network commission bonus
Prestbury Holdings plc has announced an agreement with underwriting agency PlusOne to sell Norwich Union’s general insurance products.
Heath Lambert gets Atomic boost
Heath Lambert Group has been appointed as broker to the Atomic Weapons Establishment.
IT experts appoint Balcombe for insurance role
Justin Balcombe has been appointed by IT services provider Steria, as head of UK insurance consulting.
VAT on outsourcing: Download paper now
HM Revenue & Customs has just published its consultation document on VAT and outsourcing which could have a major impact on the insurance industry.
Gen Re investigation looking at CEO role in AIG deal, claims WSJ
Officials investigating a finite reinsurance deal executed in 2000 by General Reinsurance and American International Group (AIG) are examining whether Gen Re's current chief executive, Joseph P. Brandon, had a role in the deal, according to the Wall…
Marine club bemoans criminal liability but praises steady ship
Marine mutual the London P&I Club announced that it ended the 2004/5 year of account with free reserves of $100m, and the thirteenth consecutive year of deferred calls within budget.
Beazley US gets A- rating
Beazley Group’s US admitted insurance subsidiary, Beazley Insurance Company has been assigned a rating of A- (Excellent) by AM Best.
Moody’s confirms RGA ratings
Moody's Investors Service has confirmed the credit ratings of Reinsurance Group of America, (RGA) (senior debt at Baa1), and the A1 insurance financial strength rating of its subsidiary, RGA Reinsurance Company.
Oxley backs TRIA renewal
US House Financial Services Committee Chairman Michael Oxley has said that he is committed to renewing the Terrorism Risk Insurance Act (TRIA).
Thunder Horse damage rethink
British Petroleum (BP) has confirmed that crews placed aboard the BP operated Thunder Horse platform in the Gulf of Mexico have restored partial power to the listing platform, and are working to begin pumping operations to restore the platform to a…
Another Lloyd's merger collapses as Amlin and Chaucer call off talks
Amlin and Chaucer have called of merger talks.
CII to double exam sitters
Former Capita Insurance Services business development director Lee Gladwell has joined the Chartered...
Searchlight teams up with IT skills specialist
Insurance training specialist Searchlight Solutions has expanded the content of its e-learning syste...