News
Ecclesiastical to launch new business in 2008
David Leavesley has joined Ecclesiastical to launch a new group company offering customers an independent, confidential and tailored risk management service. The company, Ecclesiastical Risk Services Ltd, is planned for launch in January 2008 and will…
New microsite segments employers’ liability customers
AIG Europe has introduced a new customer segmented microsite for employers' liability to thousands of its UK brokers.
Glacier Re profit and COR improve in first half
Glacier Re has reported net income after tax for the six months ended 30 June 2007 was $33m (£16.2m) an increase of 44.7% over the prior period (H1 2006: $22.8m).
AIG sharpens focus on employers' liability
AIG Europe has introduced a new customer segmented microsite for employers' liability to thousands of its UK brokers.
RI3K unveils new message service
RI3K has announced the completion of its new message service for the insurance and reinsurance industry after a number of “significant trials”.
Recovery teams aim to help victims of fire and flood
Disaster recovery teams are being based alongside firefighters in a ground breaking initiative to provide a fast recovery service to victims of fire and flood.
Chaucer profits rise 89%
Chaucer has announced profit before tax up 89.3% to £47.9m for the first six months of 2007 (2006: £25.3m) and an improved combined ratio of 84.4% (2006: 90.6%).
QBE Europe unveils Lloyd's business restructure
QBE Europe is restructuring Limit syndicates Syndicate 566 and Syndicate 2000 to create a new reinsurance division, under one unified reinsurance brand.
Lomas QC argues Condon was still in charge of whiteboard in 2000
Philip Condon was still responsible in 2000 for whiteboard claims and reserving issues, Mukel Chawla QC tried to prove in his cross examination of the former deputy managing director of Independent Insurance, Olivier C. Laurent reports.
Bright's work philosophy caused tensions
Michael Bright’s philosophy regarding the clearing of whiteboard claims caused tensions in the London Market division of Independent Insurance, said Philip Condon, as Olivier C. Laurent reports.
Condon knew nothing of £141m pledge
Philip Condon, former deputy managing director at Independent Insurance, had no detailed knowledge of the reinsurance negotiations, the defence said today, Olivier C. Laurent writes.
Indie trial: board rejected Condon's resignation
The board of Independent Insurance rejected Philip Condon's resignation after he decided to follow the lead of Michael Bright and step down, reports Charlie Thomas from Southwark Crown Court.
ABC car policy exclusive to brokers
ABC Insurance has launched a new private car insurance policy, exclusive to brokers.
Aquilo appoints administrators after closing subsidiary
Aquilo has announced it is to close one of its trading subsidiaries after failing to find a buyer.
ABC unveils first personal lines offering
ABC Insurance today unveiled its new private car insurance policy.
Domestic and General shares jump 10% after £523.9m offer
Shares in Domestic and General shot up 10.13% [128 pence] by 11:00 today on the news that the board of directors of AIDG Jersey Acquisitions have reached agreement on the terms of the recommended cash acquisition of the entire issued and to be issued…
RSA launches new SME professional indemnity package
Royal & SunAlliance (RSA), has announced the launch of its new professional indemnity (PI) cover for small to medium-sized enterprises (SMEs).
RSA ramps up SME offering
Royal & SunAlliance has announced the launch of its new professional indemnity cover for Small and Medium sized Enterprises.
CCV says regional brokers will "continue to grow and prosper"
Cullum Capital Ventures has announced the acquisition of Wigan-based intermediary Alker Brothers.
Zurich snaps up underwriting agency
Zurich Financial Services has acquired Wrightway Underwriting Limited following receipt of the necessary regulatory approvals.
Indie board rejected Condon's resignation
The board of Independent Insurance rejected Philip Condon's resignation after he decided to follow the lead of Michael Bright and step down, writes Charlie Thomas.
Condon denies anything to do with whiteboard claims
Philip Condon had nothing to do with the whiteboard claims at the centre of the Serious Fraud Office's case against him. This was the assertion of Mr Condon’s defence counsel Gareth Rees QC in his opening statements today, writes Charlie Thomas.
XL strengthens global team
XL Insurance has appointed Colin Sprott as chief underwriting officer for its Global Marine & Offshore Energy team.
Benfield Fac weathers walkout as Corporate Risks ‘gains traction’
Reinsurance broker Benfield’s chief executive Grahame Chilton singled out two specific company segments as the firm unveiled its 1st half 2007 results today.