The government is to overhaul the governance arrangements for Lloyd's. Ed Balls, financial secretary to the Treasury, said the decision was taken as part of reforms of the London insurance market, looking at where "corporate governance arrangements are out of step with modern practices."
Fortis affinity move
Fortis named Allison Sutton as head of affinity underwriting. It said the appointment was part of its strategy to be a major force in the affinity and partnerships market.
NU’s smoke ban warning
Norwich Union (NU) warned that the upcoming smoking ban could bring a new risk of fire if not properly managed.
PI partnership for Prime
Prime Professions and Lloyd’s-backed Heritage Direct launched a solicitors’ professional indemnity scheme.
Allianz in SME deal
Allianz Commercial was appointed sole supplier for broker Tett Hamilton’s book of small business in a three-year partnership.
ABI’s plea for FSA review
The FSA’s review of general insurance regulation, due to be published at the end of June, must provide a consistent principles–based framework for the selling of general insurance, the ABI said.
Liberty expands casualty
Liberty International Under-writers expanded its casualty offering by enhancing four specialty products
Hiscox GWP rises 5%
Hiscox said it had seen steady growth in its UK business with a 5% increase in gross written premium to £92m in the five months to 31 May 2007.