Latest News – Page 1996
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Broker Network see year end profits double
Network plans to expand signficantly over the next eight years.
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JLT power expert to join Aon
Recruitment boosts Aon's push to develop UK and Americas market
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RFIB makes Middle East appointment
RFIB appoints Mark Randall as a director of Middle East subsidiary.
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Former Brit boss in catastrophe futures move
Deutsche Bank to trade event-linked futures on Chicago climate exchange
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Hardy H1 profit rises 49%
Hardy Underwriting saw a 49% rise in first-half pretax profits, helped by a benign claims season and strong property and catastrophe underwriting prices.
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C-Zone
Going Places
?BrokerMarshMarsh has appointed Douglas Ure as senior risk consultant in its risk strategies services team. Ure is based in Marsh’s London office and will provide advice around risk ident-ification, assessment and management to both public and private organisations worldwide. He joins from Primary Group.Marsh has also announced the appointment of ...
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News Analysis
Independent: the case so far
Michael Bright stands firm under cross examination from lawyers acting for the Serious Fraud Office
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Comments/LettersCharting a route to raise our professional game
Lord Hunt says that to restore public trust in insurance practitioners, companies must raise their professional standards
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Comments/LettersThe drains can’t take the strain
Flood defences make little difference as the greatest threat is an overloaded drainage system
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News
FSA won't back down on free guidance for all rules
?The FSA has dismissed criticism from Biba over its new rules for endorsing industry guidance. Biba criticised the FSA for its requirement that the guidance must be freely available to all and not limited to trade body members. The ABI also has called for clarification about how the Financial Ombudsman ...
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News
Newquay blaze fans concern over fire risk
Allianz’s multi-million pound loss at the burnt-out Penhallow Hotel in Newquay has reignited insurers’ demands for changes to the way fire brigades operate.The Insurers’ Fire Research Strategy Funding Scheme (Infires) has warned that changes to the requirements for the inspection of commercial properties and falling response times from fire fighters ...
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News
Web news
?New Junction chiefThe BGL Group appointed Peter Thompson as managing director of its outsourcing business, Junction. Thompson, who was director of partnerships at HBOS, replaces Phil Zeidler who left suddenly last month. First published 6 SeptemberSyndicate 958 upgradeMoody's upgraded the ‘B’ average performance rating of Syndicate 958 (Omega ...
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News
Canopius for Bermuda
Canopius has become the latest Lloyd’s insurer to launch a Bermuda operation. It will launch a reinsurance company and an underwriting operation, Canopius Underwriting Bermuda, to support its Lloyd’s syndicate. Both will be headed by former Endurance chief operating officer Susan Patschak. Canopius Underwriting Bermuda will underwrite excess ...
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News
Benfield shares fall as profits fail to hit target
Shares in Benfield Group fell sharply this week following the release of interim results that failed to meet analysts’ expectations. But the group’s new primary broking operation saw its trading losses halve on the back of business gains. Benfield’s share price plunged over 10% to ...
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News
Financial news
?Kiln profits fall Kiln reported a fall in first half pre-tax profits, which dropped to £20.8m from £24.3m, weighed down by the costs of its relocation to Bermuda earlier this year. The combined ratio improved to 85% from 86%. Caitlin income slipsCatlin group reported net income for the first half ...
