Bicycle theft up
Approximately £100m worth of bicycles will be stolen in 2004, with the majority of thefts occurring over spring, summer and autumn, warned household insurance provider …

Bicycle theft upApproximately £100m worth of bicycles will be stolen in 2004, with the majority of thefts occurring over spring, summer and autumn, warned household insurance provider Select & Protect. It said only 15% of bikes stolen were ever recovered.

ISS rebrandingDisaster recovery specialist ISS Ark and General has been renamed ISS Damage Control as part of a global rebranding strategy. The new name came into effect on 1 June. The rebranding is to ensure the uniformity of the brand across Europe and Scandinavia.

Munich Re riseMunich Re has reported a small increase in its property/casualty GWP in the first quarter of 2004. It said GWP increased 0.7% to ¤1.9bn. The reinsurer reported profit of E534m for the quarter.

Creechurch officeCooper Gay subsidiary Creechurch International Underwriters has opened new offices in the centre of Toronto. The offices were opened by Lloyd's chairman Lord Levene.

CII recruitsThe CII has recruited four senior personnel. Jamie Heath has joined CII as director of strategy and change, Mike Pulfer has been appointed London market product manager, Fiona Andrews has been appointed Faculty of Claims product manager and Martin Reid has been appointed marketing manager - membership.

Markel launches karting productMarkel International has launched a liability product for the UK's professional karting circuits. The new product will provide employers' liability cover up to £10m, public liability up to £5m and accidental death, loss and dismemberment up to £25,000. Lloyd's broker Crispin Speers will broke the product on an exclusive basis, the insurer said. Markel said coverage would be provided for each circuit on a track-by-track basis.