News
Cox bidders given five weeks
London Market News
Appointment at Willis
Willis has appointed Trevor Moss. He joins after seven years with Alexander Forbes, where he was in ...
Appointment at Hiscox
Andrew Cheney has joined the Hiscox team as senior risk management surveyor. He will work within the...
Events
6 April Insurance Institute of London lunchtime lecture - Aviation. Lloyd's Old Library, London. E-...
Hopes to raise small claims limit
Norwich Union still hopes to persuade the government to raise the small claims limit for personal in...
Norwich Union finances
News in brief
Penny Black's insurance week
Penny was present at Twickenham for the end of an era on Saturday when, for the last time, Groupama ...
Appointment at SBJ Group
SBJ has made three appointments. Simon Ellen has become chairman. Mr Ellen spent 25 years in investm...
Chancellor makes amendment
Budget News
Appointment at Kain Knight
Jennifer James has joined Kain Knight as a consultant to undertake costs work. She previously spent ...
Bupa reports surplus
News in brief
Swiss Re bond rated by AM Best
AM Best has assigned a rating of “aa” to the forthcoming 500 million Swiss Francs ($419m) senior notes to be issued by Swiss Re America Holding Corporation and guaranteed by Swiss Reinsurance Company (Switzerland).
LMA in transparency pledge
The Lloyd’s Market Association said an agreement with the European Commission will create greater transparency in the London aviation market.
ABI claims fraud worth £3.5m a week is being detected
Figures issued today by the Association of British Insurers reveal a dramatic rise in the value of fraudulent insurance claims being detected by insurers, with dishonest claims totalling over £3.5 million a week now being exposed.
AIG fires executives over Spitzer investigation
AIG has dismissed two executives who refused to co-operate with the ongoing Eliot Spitzer investigation into alleged malpractices.
Catlin UK to launch on 1 May
The Financial Services Authority has authorised the formation of Catlin Insurance Company (UK).Catlin UK is a wholly owned subsidiary of Catlin Insurance Company of Bermuda.
Garvey quits at Marsh
Marsh & McLennan Companies (MMC) has announced that Peter Garvey, co-president of Marsh, the company's risk and insurance services subsidiary, has resigned for personal reasons effective today.
NU offer presented to RAC shareholders
Norwich Union parent company Aviva has formally made the offer for the whole of the issued and to be issued ordinary share capital of RAC, together with the associated Forms of Acceptance, which are today being posted to RAC shareholders.
Support grows for capping of small claims limit
Law firm Thompsons has thrown its support behind Lord Falconer’s hint that the limit for small claims will not be increased.
ABI backs claims regulation
The Association of British Insurers has welcomed Lord Falconer's announcement of formal regulation of the claims management sector.
Claims farmers to fall under formal regulatory net
Claims farmers will be formally regulated by the government, as exclusively revealed by Post Magazine (PM, 3 March, p1).
FSA publishes MAD directive
The Financial Services Authority has published the final rules and guidance for implementing the Market Abuse Directive (MAD). The directive, a key element of the EU Financial Services Action Plan, introduces a common EU approach for preventing and…
US Congress looks at FAIR Act again
The US Congress is once again looking at legislation that would create a national trust fund to compensate victims of asbestos-related disease.
Dennler and Kellenberger run for Converium board
Troubled reinsurer Converium has announced that Dr Markus Dennler, former chief executive of Credit Suisse Group's Life & Pensions business, and Rudolf Kellenberger, former deputy chief executive of Swiss Re, will run for election as members of the…