Regulation
LMA, IUA and LMBC approve TOBA
Agreement has been reached for new model Terms of Business Agreements addressing business relationships between underwriters and brokers in the London insurance market.
Pavilion launches e-trading drive
Pavilion Insurance Network has announced that the re-launch of its websites under its proprietary Integrated Specialist Insurance Software standard began yesterday.
RPC hires insurance restructure specialist
Reynolds Porter Chamberlain has appointed Pinsent Masons' insurance restructuring specialist Miriam Bartlett as a partner. She will work within the regulatory and brokers team in RPC’s insurance division.
Johnson announces DTI ministers' roles
Secretary of State Alan Johnson today announced the responsibilities of the new Ministerial team at the Department of Trade and Industry.
Risk management veteran to head Willis Re’s analytics research
Willis Re, the reinsurance unit of Willis Group Holdings, has strengthened its analytical capabilities, with the appointment of Yakov Lantsman as senior vice president to lead Willis Re Analytics Research and Development.
NAIC looks at finite reinsurance
The National Association of Insurance Commissioners (NAIC) is taking steps to amend disclosure requirements for insurers that utilize reinsurance with limited risk transfer features, also known as finite reinsurance.
Time to test yourself: A selection of questions from various past-CII qualification papers
Whether studying for Chartered Insurance Institute exams or just want to test yourself, see how you do
FSA warns about the dangers of offshoring
The Financial Services Authority has warned insurers with offshore hubs about spiralling staff attri...
Ex-IUA head mulls offers
Marie-Louise Rossi will bide her time before re-entering the insurance market again, following her d...
Heath Lambert National forms unit
Broker News in brief
Appointment at Eg Solutions
Peter Neal has joined Eg Solutions as director of business development. He will head up the sales an...
Events
19 May The Case Management Society UK conference Canary Wharf, London E-mail: info@cmsuk.org Tel...
Broker legal fight threatens TOBAs
Insurers may have to completely review their terms of business agreements after a judge ruled client...
Dirty bomb exclusion plan fuels industry lobbying
Brokers are urging aviation insurers to abandon plans to exclude cover for dirty bombs. Insurers ar...
All around the world
Health and Protection Report
Lindsey Morden distances company
News in brief
FSCS offers olive branch to Whiteley's customers
The Financial Services Compensation Scheme is stepping in to assist customers of Whiteley Insurance Consultants.
Heavy retro commutation discount and other exceptionals knock Converium’s Q1 results
A heavily discounted commutation combined with a large winter storm loss helped Converium slump to a consolidated Q1 net loss of $61.8m and a pre-tax operating loss of US$47.8m. This compared to a net profit of $65.7m and a pre-tax operating income of …
Asbestos bill facing increased opposition
Legislation to establish a $140bn asbestos compensation fund faces a lack of support even if it musters enough backing to be voted out of the Senate Judiciary Committee this week, a Democratic opponent has claimed.
HLN creates Yorkshire Business Unit
Heath Lambert National has formed a Yorkshire Business Unit, to build on its strong local relationships in Hull, Leeds and Sheffield.
AIG receives further downgrade blows
A.M. Best has downgraded the Financial Strength Ratings of most of AIG's wholly-owned insurance subsidiaries to A+ (Superior) from A++ (Superior).
CII aims to enlist more titleholders
The Chartered Insurance Institute is embarking on a campaign to increase the number of chartered tit...
Nothing certain over contracts
And so it comes to pass that the London market has no reason to fear a Friday 13th bloodbath on the ...
CILA optimistic as service tide changes
Andy King, outgoing president of the Chartered Institute of Loss Adjusters, claimed the insurance in...