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Lloyd's insurer appoints two new directors
Chaucer Syndicates has announced the appointment of two new directors.
UK’s key insurance role may be under threat
UK’s position at the heart of the world insurance market may be under threat from a combination of regulation and technology, according to accountants Moore Stephens.
Crawford appoints customer service head for building services
Crawford & Company is pleased to announce that Alison McKinna has been appointed as customer services manager within its national building services unit.
FSA awarded training accreditation
The Financial Services Authority has received two accreditation awards from the Financial Services Skills Council. The FSA’s corporate learning section has been awarded Accreditation of Training Excellence for Firms and its industry training team has…
Half of insurers ready for Solvency II
The majority of European insurers believe that Solvency II will improve their companies’ risk and capital management functions, and half have already enacted formal programmes to address the proposed European Union directive, according to results of a…
Odyssey Re admits weakness after finite restatement
In a delayed filing of its 2005 annual report, global reinsurer Odyssey Re has admitted it "did not ...
Europe stabilises, claims S&P report
European insurance sector ratings are predominantly stable, claims a report by Standard & Poor's (S&...
The wrong tool for the job?
Lee Bacon and Stephen Lewis of Clyde & Co's reinsurance group ask whether rating downgrade clauses are sophisticated enough for today's market
Glacier Re obtains licence for Mexico
Glacier Reinsurance has announced that it has received a licence to write reinsurance business in Me...
RAM Re files for $200m Nasdaq IPO
Ram Holdings, the parent company of Bermudian financial guarantee proportional reinsurer RAM Re, has...
Want 8% profitable growth? Head to South Korea!
Country Profile: South Korea
Lloyd's reports £103m loss for 2005
Lloyd's has reported a loss of £103m for 2005, down on the £1367m profit it made in 2004. It also an...
Stone Point swoops for Axa Re
French-based global insurer Axa has confirmed that (re)insurance venture capital-fund manager Stone ...
Marc McLean to lead new Heritage PA team
Lloyd's (re)insurer Heritage Underwriting Agency has announced the appointment of Marc McLean to und...
FSA creates 'easy-to-use' guidebook
The UK's Financial Services Authority (FSA) claims to have designed a personal guidebook for all fin...
Omni reveals new syndicate plans
Omni Whittington is in the advanced stages of planning to develop a new Lloyd's live underwriting sy...
Solvent scheme hailed as another post-BAIC success
Gordian RunOff (UK), advised by Reynolds Porter Chamberlain (RPC), is the latest of a small number of companies to gain approval from the High Court for a solvent scheme of arrangement since the BAIC decision last July.
Lloyd's broker fined by FSA over employee subject to police investigation
Lloyd's broker Besso has been fined £20 000 by the Financial Services Authority for not seeking approval for individual.
D&O rates continues to slide claims broker
Directors’ and Officers’liability insurance rates in the London market were largely unaffected by insurance industry losses following Hurricanes Katrina, Rita and Wilma, according to the latest Willis Index for this coverage area for the first quarter of…
Broker and business bodies unite to lambast Government over regulation costs
The British Insurance Brokers’ Association and the Federation of Small Businesses this morning jointly warned the Government that they must do more to combat the disproportionate impact of regulation on small insurance brokers.
FSSC consults industry over new foundation framework
The Financial Services Skills Council has launched a consultation process, seeking industry views on...
North of the Border - Claims Spotlight
Scottish civil juries - is this a divisive lottery?