News
Claims specialist Axis changes hands
National law firm Colemans-ctts has acquired Axis, the claimant division of northern law firm Ricksons, for an undisclosed sum.
New cyclone detection system promises accurate predictions
Researchers at the University of Greenwich have developed a software system designed to detect Cyclones, and help weather forecasters warn communities at risk.
Bupa appoints non-executive director
Bupa has appointed Robert Walther as a non-executive director.
TRIA extension calls continue
The Independent Insurance Agents and Brokers of America (IIABA) has joined the growing number of insurance associations calling for an extension of the terrorism risk insurance act (TRIA).
Aon warns over Indian terrorist threat
The knock-on effect of recent terrorist activity has been a decrease in business confidence around the world, according to a new report from broker Aon. The company also warned of the threat to firm’s looking to outsource to India.
Brokers warned they are playing "Russian roulette" with FSA authorisation
Alexander Forbes today announced plans to help brokers with what it believes will be an “eleventh hour stampede for general insurance regulation”.
Link in motor trade launch
Link has teamed up with IT risk management specialist Compucar to create a new online product tailored for the motor trade.
Fitch downgrades ACTR
Fitch Ratings has downgraded the insurer financial strength rating of Ace Capital Title Reinsurance (ACTR) from AA (very strong) to A- (strong).
Regulator puts plan in place to end due credit "exploitation"
The General Insurance Standards Council has today announced restrictions on firms applying for membership in order to prevent exploitation of the Financial Services Authority's agreement to offer "due credit" to its members in good standing who apply for…
Underwriting appointments at Novae
SVB subsidiary Novae Underwriting has today announced the appointment of leading underwriter, Lindsay Noble, to head its regional professional indemnity team.
GE brings in new tool for risk managers
GE Global Asset Protection Services (GE Gap Services) has introduced a new tool for risk managers.
L&G identifies Prosser successors
Legal & General has identified three potential internal successors for chief executive officer David Prosser according to The Daily Telegraph.
Standard Life to axe 1000 jobs
Standard Life has become the latest UK insurer to announce wholesale job cuts, with plans to reduce ...
Path to Success: Enterprise Risk Management
Geoff Close, practice leader of Enterprise Risk Management within Aon Risk Consulting, talks about his career to date
70% choose longer working hours
Seven out of 10 of those who work more than 48 hours a week do so largely as a result of their own c...
Heath announces senior shake up
Heath Lambert Group has today announced a number of senior promotions within three of the its key operations.
CII launches regulation fact files on website
The Chartered Insurance Institute (CII) has commissioned fact files outlining the far-reaching implications of regulatory changes on its website.
Norwich Union acquires car sales business
Norwich Union has bought the on-line and telephone-based motor sales business operated by Oneswoop.com .
GISC statement on CSI
The General Insurance Standards Council has issued an intervention order against Putney-based broker CSI which earlier this week stopped taking on new business as reported in Post Magazine.
Insurer claims it's first to remove HIV/Aids exclusion
Group income protection provider Unum Provident claims to have become the first insurer in its market to provide exclusion-free contracts as standard when it removes the HIV/Aids exclusion on its policies.
Heath Lambert boss claims some rivals are not up to
Heath Lambert's latest senior appointment has taken a side swipe at the standards in the UK broking market.
Churchill warns of an upward slide in subsidence
Research by Churchill insurance shows that despite a 300% year on year increase in its subsidence claims in 2003, home buyers are still not taking measures to ensure that they are purchasing a trouble free property.
Willis boss hails acquisition as "significant step" in expansion plan
Broker Willis has received approval from the China Insurance Regulatory Commission to complete the purchase of a 50% equity stake in Shanghai Pudong Insurance Brokers, one of the country’s leading intermediaries.
Ace expands UK D&O underwriting team
Insurer Ace European Group has appointed two new UK based directors and officers' underwriters, continuing its strategy of developing the regional D&O account.