Regulation
Moody's gives Odyssey a stable outlook
Moody's Investors Service has revised its rating outlook for Odyssey Re Holdings, and its rated insu...
Crash repair players reach new milestone
The most important initiative in crash repair for the last decade has reached a key milestone this week with the first review of the standard by the cross industry Steering Group at the British Standards Institute headquarters in Chiswick.
Alea to sell off ANASIC
Alea Group Holdings (Bermuda) has announced that its subsidiary Alea North America Insurance Company has entered into an agreement to sell its Delaware excess and surplus lines carrier, Alea North America Specialty Insurance Company ("ANASIC") to…
Fitch keeps Sompo on rating watch positive
Fitch Ratings has said that the 'AA-' (AA minus) Insurer Financial Strength rating of Sompo Japan Insurance remained on Rating Watch Positive despite the announcement by Japan's Financial Services Agency (FSA) yesterday ordering Sompo Japan to suspend a…
Lord Hunt appointed chairman of legal services bill committee
Lord Hunt of Wirral, chairman of the financial services division at national commercial law firm Beachcroft, has been appointed chairman of a joint committee of the House of Lords and House of Commons formed to consider and report on the draft Legal…
The National Risk Assessment Register is launched
The National Risk Assessment Register set up in anticipation of changes to regulations in The Regula...
Commentary - Always worth inviting court
The court will look at the parties' conduct when considering what costs order is appropriate and thi...
UK may be hit hard by EU directive
The UK has the "most to lose" when the European Commission reaches its final decision on the highly ...
Customer service is key to success
I have noticed several comments recently around customer service in the industry. Many have been pos...
Spectrum completes Lloyd's first
Clyde & Co today advised on the first ever Part VII transfer at Lloyd’s completed by Spectrum Syndicate Management. This is the first transfer of business from a Lloyd’s syndicate to an insurance company since legislation was enacted to enable the…
Mobile Doctors hails industry saving agency fee ruling
Mobile Doctors has hailed a Court of Appeal decision in Willard v Fowler today which it claims has swept away uncertainty about the payment of medical agency fees and signalled the survival of the medical reports market.
Converium on the mend in 1Q despite 13% premium fall
European reinsurer Converium continued its steady recovery, posting a combined ratio of 94.8% and income of $71.1m on gross written premiums of $655.3m for the first quarter of 2006. The firm also increased shareholders’ equity and posted annualised…
Converium appoints new CRO
Cpnverium has appointed Markus Krall as chief risk officer and member of the Company's Global Executive Committee with effect July 1, 2006. MArcus replaces Hans-Peter Boller.
New Lloyd's CEO outlines market shake up
Lloyd’s new chief executive Richard Ward today outlined his first major proposal to update the market since taking over.
Swiss Re-GEIS escapes Moody’s downgrade, but negative stance stays
Moody's has confirmed the Aa2 insurance financial strength and senior debt ratings of Swiss Re as well as its A1 subordinated debt rating.
SVB rebrands as Novae
Shares in Novae Group plc began trading on the London Stock Exchange today, after the High Court yesterday sanctioned the SVB Group’s Scheme of Arrangement and the creation of a new holding company. The Group and its subsidiary companies have adopted a…
Appointment at Chaucer
Chaucer has made Kim Barber and Jonathon Perkins directors. Mr Barber, who joined the company in 199...
MPs still not convinced by reform plans
Debate on the insurance industry's plans for compensation reform rumbled on this week in parliament,...
Penny Black's insurance week
The sun is out, and it appears the rumour mill is churning out stories as half-baked as the sunbathe...
Claims firm relaunches after MBO
A group of 25 claims specialists has invested its own money in the management buyout of KMS, the ven...
Two-year window on trusts could give rise to claims
The Chancellor's recent attack on accumulation and maintenance trusts presents significant legal ris...
Self interest muddies debate
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