Latest News – Page 2059
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Morley hires head of property research
Morley has hired David Skinner for the newly created position head of property research following expansion in continental Europe and Asia...
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InsureYourMotor Switches to Open GI
Internet-based motor broker, InsureYourMotor, has switched quote engine supplier from CDL to Open GI...
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Technology duo to launch messaging hub
Xchanging and Advisen are set to jointly launch an ACORD messaging hub to all brokers and insurers in the London Market...
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Travel insurance is “too cheap” to be any use
Some policies charge too little to be able to pay out, warns Defaqto...
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Lead underwriter to leave AEGIS London
Nick Rnjak, the lead power underwriter with AEGIS Energy Syndicate 1225, is leaving the company.In a statement the company said that Mr Rnjak, who has been with AEGIS since late 2004, "has played a significant role in the syndicate's development." AEGIS will announce Mr Rnjak's successor in the near future. ...
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Converium CEO and CFO to resign by end of year
Converium chief executive Inga Beale and chief financial officer Paolo De Martin are to resign at the end of 2007.Both will play an active role in the merger of Converium into SCOR should the French reinsurer's latest share offer be accepted by Converium's shareholders, before departing at the end of ...
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Xbroker changes broker quote system
Xbroker, from Moorhouse Group, plans to add retail to its product portfolio and reengineer the system to better suit brokers' needs. The new retail product, which will be rolled out by the end of the month, will be underwritten by NIG and Zurich. Additionally the Xbroker system now includes the ...
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Oslo Marine opens London representative office
Russian-based insurance and leasing specialists Oslo Marine expands to the UK
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Attorney general announces national anti-fraud strategy
Lord Goldsmith said the government was planning to establish a National Fraud Research Centre...
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KPMG survey on FSA's principles-based regulations
Initial results of a KPMG report on insurers' attitudes towards the FSA's more principles-based regulation (MPBR) initiative revealed that firms believe that MPBR will reduce their regulatory burden (67%) and result in operational and cost efficiencies (56%). However, nearly half the insurers surveyed were concerned that MPBR will lead ...
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Miller boosts reinsurance team
Glyn Hall has joined Miller as director of its reinsurance team. Hall joins from JLT Re.James Geffen, board director at Miller commented: "We are delighted to welcome Glyn to our growing reinsurance team. Glyn's breadth of expertise in sectors such as retrocession, onshore energy and construction and engineering for both ...
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Munich Re, UniCredit cooperation extended to CEE region
Munich Re, ERGO Insurance Group and Italian UniCredit have agreed to extend the existing cooperation in Germany, Austria and Poland to further growth markets in the Central and Eastern Europe (CEE) region. The focus of the cooperation is on developing the distribution of ERGO's life and non-life insurance products through ...
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Brokers may need authorisation, warns DAS
Brokers who refer personal injury claims to local solicitors must now be authorised by the Ministry of Justice (formerly the Department of Constitutional Affairs), according to DAS. From 23 April it became an offence to offer claims management services without prior authorisation, exemption or waiver. Those found operating without ...
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Converium welcomes SCOR's revised offer
Converium's board has unanimously welcomed a revised offer from French reinsurer SCOR, and has encouraged all shareholders to accept the offer. Under the new terms, each Converium share may be exchanged for 0.5 new SCOR shares plus CHF 5.5 in cash and further foresees that the consideration will not be ...
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New measures to enhance London's global competitiveness
The Chancellor of the Exchequer, Gordon Brown, and the City Minister, Ed Balls, met yesterday with members of the High-Level Group on Financial Services to discuss new measures to enhance the global competitiveness of London and the UK-based financial sector. The group considered a number of proposals including plans to ...
