Regulation
Hawker resigns as IAG chief executive
Michael Hawker has resigned as chief executive of Insurance Australia Group.
Lord Lipsey joins the FSA
The Financial Services Authority (FSA) has appointed Lord Lipsey to take over as chairman of the Financial Services Consumer Panel.
Ibeson appointed Catlin UK CEO
Specialty (re)insurer Catlin has announced that David Ibeson, currently chief executive of the Catlin Syndicate at Lloyd’s, has also been appointed chief executive of Catlin Insurance Company UK. This follows the resignation of Andreas Loucaides, former…
PB Week: Commission disclosure on the agenda in Parliament
The week started off with Brit holding its first editor’s dinner on Monday night – although the conversation occurred under Chatham House rules I can confirm the food, company and debate were of the highest quality writes Andrew Tjaardstra, editor of…
NU strategic review could impact jobs, claims report
Four-hundred staff at Norwich Union could be impacted by plans to outsource part of the company's IT operation.
Collateral damage
Damage Management
Appointment at Helphire
Helphire has recruited Dr Reiner Hagemann as a non-executive director. From January 1995 to December...
BDMA spreads word
The British Damage Management Association is to offer insurer staff training to help them understand...
LAM to appeal against landmark tender ruling
London Authorities Mutual is set to appeal against a High Court ruling that will impact on its futur...
Gov disclosure discussion
The all-party parliamentary group on insurance and financial services is meeting today to discuss th...
The FSA fines AIG subsidary £640 000 for call centre failings
The Financial Services Authority has fined Unat Direct Insurance Management £640 000 for failings relating to a lack of effective control and oversight over its appointment of call centres.
AIG subsidiary hit by FSA fine for control failures
The Financial Services Authority (FSA) has fined UNAT Direct Insurance Management (UNAT) £640,000 for failings relating to a lack of effective control and oversight over its appointment of call centres.
Credit hire rates to rise 3.5% after protracted review
The Association of British Insurer general terms of agreement rate review has been concluded and that, as a result, GTA rates will increase by 3.5% for all new hires commencing on or after 1 June 2008.
Cassidy Davies signs Admiral deal
Cassidy Davis, the specialist personal lines Lloyd’s insurer, has been appointed by Admiral Group, to provide premium protection insurance cover for its motor policies sold under the Admiral and Bell brands.
Lovejoy joins Heath Lambert
Mark Lovejoy has joined Heath Lambert from Marsh as associate director for the group’s expanding mergers, acquisitions and disposals team.
Brent loses LAM High Court battle
Brent council has lost the second part of its battle against Risk Management Partners to channel insurance through a mutual set up for London councils.
No widespread downgrades of US life/P&C insurers - Moody's
Moody's has said that there won’t be a widespread downgrades of US life and property & casualty insurers despite various companies reporting “meaningful” increases in both realized and unrealized losses in their fixed income investments in the first…
'Unrealistic' stance complicates mediation
The claim (pleaded at £87.8m) was brought by the trustees of the Malmesbury Estate (the claimants) a...
Lane Clark expansion
Lane Clark and Peacock has announced a merger with HLD Actuarial Consultants to create Lane Clark an...
ABI renews flood bill call
The Association of British Insurers has renewed its call for a floods bill following the publication...
Beyond reasonable doubt
Commission disclosure
In with the audit crowd
Professions Report
FSA delays complaints paper
THE Financial Services Authority has delayed the publication of a discussion paper on regulatory tra...
Court to reveal LAM ruling
A High Court judgment related to the procurement of London Authorities Mutual services is expected t...