News
Lord Hunt condemns FSA approach
The Financial Services Authority was accused of damaging the insurance industry's reputation, in a s...
Former NU boss in broker start-up
One of the men who played a leading role in devising the broker strategy for the merged CGU/Norwich ...
Olympics still low risk
Insurers are not expected to shy away from covering the 2012 Olympics in London, despite last week's...
Appointment at Belmont International
Belmont International has appointed John Savidge and Christine Steel as associate directors. Mr Savi...
What the papers said this week
The problem of subsidence was dramatically illustrated recently in Egremont, Cumbria, when a 30ft cr...
QBE puts UK firms on hitlist
Companies in the UK are on QBE's latest acquisition hitlist, chief executive Frank O'Halloran has re...
NU launches new EL and PL pilot
Norwich Union has started a public and employers' liability claims pilot with its leading brokers. U...
PYV wants 50% market share
Lloyd's broker PYV is aiming to achieve a 50% share in the warranty and indemnity insurance market f...
Appointment at Cooper Gay
Cooper Gay has made John Hodson a non-executive director. Mr Hodson has worked in the industry for a...
British Insurers campaign
News in brief
Appointment at Cigna Healthcare
Nichola Dobricki has joined Cigna Healthcare as marketing development executive and will be supporti...
Incisive Media dominates Biba awards
Journalists across the Incisive Media Insurance Division - including Post Magazine, Insurance Age and Cover - scooped a host of awards at this year’s British Insurance Brokers’ Association Journalist of the Year Awards held in London today.
Satchell new head at ABI
Keith Satchell, group chief executive of Friends Provident, is the new chairman of the ABI (Association of British Insurers). He takes over from Richard Harvey of Aviva who has concluded his 2-year term.
Ashes tickets for auction - deadline 18 July
The winner of two tickets in the Vertex sponsored prize draw at last week's British Insurance Awards has donated his prize to charity. Kevin Roberts of Royal and Sun Alliance has offered his prize of a hospitality package for two for the England v…
FSA moves to simplify rule books
The Financial Services Authority today set out the first phase of its programme to simplify its Handbook and remove unnecessary Rules and Guidance from the Approved Persons regime, the Training and Competence regime and its Anti-Money Laundering rules…
Reinsurance renewals “lack uniformity”, claims Aon
One of the overriding characteristics of the 1 July reinsurance renewals this year has been their lack of uniformity, according to Aon.
AM Best turns negative on Munich Re
AM Best has placed the ratings of Munich Re Germany and its rated subsidiaries under review with negative implications.
Mutual associations publish new code of conduct
The Association of Mutual Insurers and the Association of Friendly Societies have announced the publication of a new code of corporate governance for the mutual insurance sector.
Admiral warns rivals they face loses
Motor insurer Admiral today said that its plan to “decelerate growth” was going to plan, but warned of a difficult second quarter to 2005 if the market does not adjust to accomodate claims inflation.
Apil questions Compensation Bill
The Association of Personal Injury Lawyers has claimed the upcoming Compensation Bill must include steps to promote better education to reassure the public that they cannot be sued when genuine accidents happen.
CIS GI director to leave organisation
Andy Watson, CIS general insurance director, is to leave the organisation to take up an external appointment.
THB turnover rises 3%
THB Group plc, the parent company of Lloyd’s broker Thompson Heath & Bond has reported a profit before tax of £2.2 million for the year ended 30 April 2005 on turnover up 3 per cent to £32.4 million.
Willis releases construction market overview
Willis Group Holdings has released its 2005 Global Construction Market Overview. The report is a comprehensive analysis of the worldwide construction insurance market and includes commentary from various global market centres on market conditions…
RenRe executive quits over SEC subpoena
RenaissanceRe Holdings has announced that Michael Cash, an executive in its specialty reinsurance unit, has resigned following his refusal to accept a subpoena from the US Securities and Exchange Commission (SEC).