GAB manager quits
GAB Robins has lost one of its top liability managers to a "small niche player" according to industry sources. Jayne Kellett quit this week after about ten years with the company, most recently as northern liability manager.
A statement from GAB Robins said that, while the company did not normally comment on personnel moves, it wished Kellett well in her new position.
Markel forecast
Markel Syndicate 3000 has received a positive forecast from Lloyd's in its ratings up to the end of June 2003.
The figures predicted Markel International syndicate to be the sixth best performing group out of the 89 syndicates reported for 2002. It has an expected mid-point return of 22.5% on capacity.
Car premiums rise
Car insurance premiums have risen by 3.5% in the last quarter, according to research by Tesco Motor Insurance. The survey found the average cost of car insurance in the UK was £453. The North West, which offered premiums 16% above the national average at £539, remained the most expensive region. The South West replaced East Anglia as the cheapest region at 12% below the national average, with an cost of £397.
Results defended
Marlborough Stirling has described its performance as "reasonable" given challenging market conditions. Half-year results showed that turnover had decreased by £4.7m to £56m from £60.7m in 2002,
The company said outsourcing services remained strong, but sales of software and consultancy products had fallen.
Law firm's fraud unit
Law firm James Chapman & Co has recruited an insurance fraud specialist into its insurance litigation division as part of a plan to develop a fraud unit.
Alison Hart joins the company from law firm Hill Dickinson with 12 years' experience of fraud advice.
