News
Countrywide helps brokers explain FSA benefits
The Misys Countrywide network has produced a guide for its members to help them explain the benefits of Financial Services Authority regulation to their customers.
XL Capital announces new duties for Luck and Keeling
XL Capital has announced that with immediate effect Fiona Luck, executive vice president, Group Operations, becomes global head of Corporate Services and Henry Keeling, executive vice president and chief executive for Reinsurance Operations, is named…
Lord Levene to serve second term as chairman of Lloyd’s
Lord Levene of Portsoken will serve a second term as chairman of Lloyd’s of London.
Oxygen hires first agency team
Oxygen, the London market insurance intermediary company launched in October, has today announced details of the first team to join its agency business.
Germaine quits GAB Robins
David Germaine has quit GAB Robins UK as group marketing director to join Knowles — a legal, technical, training & management consultants. As a result of the move, Lynn Cufley has been promoted to head of communications at GAB Robins.
Halifax unveils new general insurance head
HBOS General Insurance has today announced the appointment of Jerry White as managing director of Halifax Insurance Ireland.
Great American Insurance subpoenaed by Spitzer
American Financial Group has announced that its property and casualty insurance subsidiary, Great American Insurance, has received a subpoena from the New York Attorney General's office which has requested information concerning Great American's business…
DLA/Rudnick merger creates legal giant
Law firms DLA and Piper Rudnick have announced a merger, making it the third largest law firm in the world by lawyers and the sixth largest by revenues, according to the latest AmLaw Global 100 rankings
2004 hurricanes left reinsurers unbattered, claims Benfield
Despite a record number of hurricanes and typhoons during the third quarter of 2004, global reinsurers in general, and the Bermudians in particular, report little or no damage to their balance sheets according to the most recent Benfield Bermuda…
Arch launches marine division
Arch Insurance Company today announced the establishment of its marine underwriting division with the appointment of William Beveridge.
Evolution deploys IT system for online mid-term adjustments
Evolution Underwriting has announced the implementation of its online mid term adjustment facility. This follows on from the launch of the new business trading system in June, which has secured in excess of £3m GWP.
Aon sells off Endurance stake
Aon Corporation has sold virtually all of its equity investment in Bermuda-based insurance and reinsurance company Endurance Specialty Holdings.
CII launches six new examination subjects
The Chartered Insurance Institute has announced the introduction of six new examinations into the 2005 general insurance qualifications framework.
MIB makes rail crash promise
The Motor Insurers' Bureau today confirmed that it will be meeting in full all personal injury claims submitted by vicitims of the Berkshire rail crash under the terms of the Uninsured Drivers' Agreement.
OFT to put ATE sector under the spotlight
A follow-up review of liability insurance markets was launched by the Office or Fair Trading today. The review will also look at the 'after the event' insurance sector.
Keane moves up NU ladder
Norwich Union has appointed Andy Keane as motor underwriting manager for its commercial motor and motor fleet business.
Gallagher Bassett subpoenaed by Spitzer
Gallagher Bassett Services, a third party administrator and a wholly-owned subsidiary of Arthur J. Gallagher, has received a subpoena from the Office of the Attorney General of the State of New York requesting information in connection with an…
IPCRe keeps A+ rating from AM Best
AM Best has affirmed the financial strength ratings of A+ (Superior) of IPCRe Group and its affiliated companies. Concurrently, AM Best has assigned issuer credit ratings of "aa-" to IPCRe (Bermuda) and IPCRe Europe (Ireland). All ratings have a stable…
FSA in compliance costs pledge
The Financial Services Authority has acknowledged the "disproportionate" cost of regulation to smaller firms, highlighted in the Government’s review of the Financial Services and Markets Act 2000.
Government announces further plans to clamp down on uninsured driving
The Association of British Insurers has welcomed the Government’s announcement today to hold a consultation on introducing a new offence of keeping a vehicle on the road without insurance.
ABI heralds sewer announcement
The Association of British Insurers today said the announcement by the water regulator, Ofwat, on water bills should lead to a significant reduction in the risk of sewer flooding.
Illium launches regional arm
Lloyd’s insurer Illium is launching a north of England underwriting operation.
Brit to sponsor National Hunt races
Brit Insurance today announced a further development to its sports sponsorship activity with its first venture into National Hunt racing. Brit will sponsor a series of four races in the National Hunt Calendar, culminating in a new race at next year’s…
Marsh spared further agony
Law firm Freshfields today announced it has found no evidence of bid-rigging in Marsh’s UK business following an investigation into the troubled broker.