News
FSCS declares 16 firms in default
The Financial Services Compensation Scheme has declared 16 firms in default, and is encouraging creditors to make contact.
Lloyd's bodies agree partial TOBA solution
The Lloyd’s Market Association has announced an interim solution for Terms Of Business Agreements (TOBAs) following negotiations with the London Market Insurance Brokers’ Committee (LMBC).
Highway appoints deputy underwriting director
Highway has appointed David Murray as deputy underwriting director, reporting to underwriting director Chris Hill.
Markel announces senior promotions
Markel Corporation has appointed executive vice president and chief administrative officer of Markel International, Richard Whitt, to the position of senior vice president and chief financial officer of Markel Corporation effective May 2005.
Levene highlights need for effective “early warning systems”
A record year of natural disaster losses and Eliot Spitzer’s investigations into payment practices highlighted the urgent need for the insurance industry to tackle its reputation and practices during 2005, Lord Levene, Chairman of Lloyd’s warned insurers…
Japanese earthquake reinsurance limit to rise
The Japanese government is planning to raise its limit for earthquake reinsurance payments by 11.11% to ¥5trn from the fiscal year 2005 to better prepare for a large-scale disaster.
Partner Re produces tsunami estimate
PartnerRe has estimated that claims relating to its exposure to the earthquake and resulting tsunami in Southeast Asia on December 26, 2004 are expected to be between $25-$35m.
CII deal widens footprint by 2000
The Chartered Insurance Institute will this year introduce online examinations at more than 2000 cen...
Biba encourages Young Broker of the Year entries
The British Insurance Brokers' Association has started to invite nominations for the 2005 Biba Young...
Time to test yourself
A selection of questions from various past-CII qualification papers. Whether studying for Chartered Insurance Institute exams or just to test yourself, see how you do
Equitas agrees to settle more
Lloyd's claims Equitas has reached agreements with four major policyholders to settle claims against...
New partnership set to identify asbestos risks
Building repair network Multiassistance is partnering Bsure Testing to assist in the identification ...
Directive could raise compensation limit
Compensation limits for personal injury cases in motor accidents could rise to £700,000 per victim, ...
NU: FSA will clear up mis-selling grey area
Financial Services Authority regulation could end the mis-selling of payment protection insurance, i...
Lloyd's Kinnect signs up two new customers
Lloyd's secure risk data transfer system Kinnect has signed up a further two new customers. Managing...
Airmic makes transparency vow
The Association of Insurance and Risk Managers is launching a series of roadshows to tackle the issu...
ABI to carry out spring checks
Insurers have been praised for their prompt response in eradicating intrusive questions that discrim...
What the papers said this week
Daily Mail Four out of 10 Britons are spending sleepless nights worrying about their work or home l...
Wellington Underwriting reports favourable conditions
Wellington Underwriting has reported that underwriting conditions remained favourable during 2004. O...
Appointment at FarmWeb
FarmWeb, the national network of agricultural insurance specialists, has appointed George Stonley, w...
Markel injects additional funds
Markel International is injecting an additional $50m (£27m) of capacity in Markel International Insu...
PwC threatens more legal action over Indie millions
The liquidator of Independent Insurance has warned all brokers with outstanding commitments to the c...
Industry rounds on Egg's motor research
Insurers and brokers have rejected research by online intermediary Egg that motor premiums are set t...
Regulation costs for 2005-2006 period to be set in May
Brokers will have to wait until the summer to discover the annual cost of regulation, despite the Fi...