The Lloyd's Central Fund will cover the cost of any potential Financial Services Compensation Scheme contributions in 2004, up to a cap of £10m.
Lloyd's fundingThe Lloyd's Central Fund will cover the cost of any potential Financial Services Compensation Scheme contributions in 2004, up to a cap of £10m.
Asda pet trialSupermarket chain Asda has launched a trial of pet insurance in 40 UK stores, underwritten by Allianz Cornhill.
US wildfire claimsThe wildfires which devastated southern California during October are expected to result in gross claims of up to £200m in Lloyd's for damaged property, revealed a report.
L&G statusLegal & General has confirmed that it does not wish to become a principal for the majority of its general insurance brokers. The insurer became one of the first major insurers to announce that it would apply for principal status under FSA regulations. But it has said that its appointed representatives would mainly come from its network of mortgage agents. It would wish to become the principal only for a small number of specialist personal lines brokers.
GISC sanctionThe GISC enforcement committee has forbidden First Active Insurance Services Ltd from accepting premiums of any kind without prior approval from GISC.
Network memberEdinburgh Risk Management (General) is to join Misys network Countrywide, bringing the network's membership total to over 900.
Reliance directorsThe Omni Whittington Group has appointed three directors to the board of Reliance National Insurance Company Europe, following its acquisition in October.Dennis Eve has been appointed managing director and chief financial officer, and Stephanie Mocatta and Richard Whatton were both appointed directors. All three are now based at Reliance National House in London, said the company.