Fac Magazine

Recession impacting on EAPs says Canada life

Wed, 24 Jun 2009 15:45:00 GMT

The recession is having a distinct effect on the usage of employee assistance programmes (EAP) in the workplace through employees feeling increasingly stressed, according to Canada Life. ...

Aegon to phase out historic Scot Eq name

Thu, 18 Jun 2009 23:00:00 GMT

Aegon is set to drop the famous Scottish Equitable name as part of a strategic re-brand. ...

Holborn Corp. announces executive appointments

Mon, 15 Jun 2009 14:57:00 GMT

New York based Holborn Corporation, an independent provider of reinsurance brokerage services, today announced a number of executive appointments, further strengthening its cadre of leaders. ...

Qatar Insurance Services to rebrand

Mon, 15 Jun 2009 14:53:00 GMT

The QFC Authority today announced that Qatar Insurance Services will now trade under the name of “Qatarlyst”. ...

Arch Insurance establishes two principal underwriting units

Mon, 15 Jun 2009 14:41:00 GMT

Arch Insurance Group, a division of Arch Capital Group, today announced that Arch Insurance has established two principal underwriting groups in its US-based operations: the Arch Property & Casualty Group and the Arch Financial & Professional Liability Group. The new groups are designed to help Arch Insurance maximise underwriting opportunities as the market transitions. ...

Arch Insurance establishes two principle underwriting units

Mon, 15 Jun 2009 14:41:00 GMT

Arch Insurance Group, a division of Arch Capital Group, today announced that Arch Insurance has established two principal underwriting groups in its U.S.-based operations: the Arch Property & Casualty Group and the Arch Financial & Professional Liability Group. The new groups are designed to help Arch Insurance maximize underwriting opportunities as the market transitions. ...

Validus will seek to replace IPC board if unable to reach timely agreement on transaction

Mon, 15 Jun 2009 14:40:00 GMT

Validus today announced that it will seek to replace the Board of Directors of IPC if it is unable to reach an agreement with the IPC Board in a timely fashion. While Validus continues to seek a consensual amalgamation transaction with IPC, it will continue to pursue its Exchange Offer and previously announced Scheme of Arrangement in order to complete a transaction and will seek to replace the IPC Board if an agreement with the IPC Board is not reached. ...

CII: CPD more than box ticking

Mon, 15 Jun 2009 11:19:00 GMT

The Chartered Insurance Institute (CII) has launched a comprehensive review of policy on continuous professional development (CPD) as part of its wider professionalism agenda to raise standards and build trust across the sector. ...

Dual growth leads to relocation

Mon, 15 Jun 2009 11:05:00 GMT

Dual Corporate Risks has relocated its Manchester office into bigger premises while also announcing the addition of Ross Griffin to the Manchester team as D&O Underwriter. ...

Novae joins OurNetwork panel

Mon, 15 Jun 2009 11:00:00 GMT

OurNetwork has added Novae to its panel to extend its tradesman’s liability offering for broker members. ...

TLSS appoints advisory board

Mon, 15 Jun 2009 10:55:00 GMT

Total Loss Settlement Services (TLSS) has created an advisory board, made up of insurance professionals from a variety of sectors within the industry. ...

Endsleigh links up with estate agency

Mon, 15 Jun 2009 10:44:00 GMT

Estate agent group Chancellors has signed an exclusive long term agreement with Endsleigh Let, the insurance and referencing provider. ...

Dual recuits and moves to larger Manchester base

Mon, 15 Jun 2009 10:06:00 GMT

Dual Corporate Risks, the specialist directors’ & officers’ and professional indemnity underwriting agency for mid-market companies, has relocated its Manchester office into bigger premises. It has also announced the addition of Ross Griffin to the Manchester team as D&O Underwriter. ...

Former AIG COO to take over as FSA insurance boss

Mon, 15 Jun 2009 09:34:00 GMT

The Financial Services Authority has appointed Ken Hogg, currently interim chief financial officer at MGM Assurance, as insurance sector director. He will start at the FSA on Monday 6 July and will report to Jon Pain, FSA managing director retail markets. ...

Liberty looks to expand Europe and Middle Eastern marine business

Mon, 15 Jun 2009 09:26:00 GMT

Liberty International Underwriters Europea division has appointed Mike Nukk as assistant vice president – marine, to lead the expansion of its marine portfolio in Europe and the Middle East. ...

Novae in network tie up

Mon, 15 Jun 2009 09:07:00 GMT

Our Network has added access to insurer Novae to its panel to extend its tradesman’s liability offering for broker members. Complementing the existing offering, Novae will sit alongside MMA and Groupama on Our Network’s comparative, online per-capita liability panel. ...

LIU expands European platform

Mon, 15 Jun 2009 08:50:00 GMT

Liberty International Underwriters Europe (LIU Europe), a division of Liberty Mutual Group, said it has appointed Mike Nukk to lead the expansion of its marine portfolio in Europe and the Middle East. ...

Texas lawmakers decide not to buy reinsurance for 2009

Mon, 15 Jun 2009 08:42:00 GMT

The Texas Windstorm Insurance Association may be leaving itself open to massive losses from hurricanes after deciding against buying reinsurance for this year’s program. ...

Le Beau awarded MBE

Sun, 14 Jun 2009 23:00:00 GMT

Peter Le Beau, director of Le Beau Visage and co-founder of the Income Protection (IP) Task Force, bas been awarded an MBE in this year's Birthday Honours. ...

Wall Street analysts continue to be negative on Validus takeover of IPC

Fri, 12 Jun 2009 21:48:00 GMT

Wall Street analysts have continued to be negative on Bermudian (re)insurer Validus' takeover of island rival IPC Holdings. ...

Validus shares fall following IPC decision

Fri, 12 Jun 2009 21:43:00 GMT

Shares in Validus, the Bermudian (re)insurer locked in a takeover battle with Max Capital for island rival IPC Holdings, were off nearly 4% in New York following a decision by IPC shareholders to turn down a merger with Max. ...

Validus reacts to IPC shareholder decision

Fri, 12 Jun 2009 21:43:00 GMT

Validus, the Bermudian (re)insurer locked in a takeover battle with Max Capital for island rival IPC Holdings, reported that 72% of IPC shareholders decided to vote against IPC's merger with Max. ...

Max Capital writes to shareholders explaining IPC loss

Fri, 12 Jun 2009 21:39:00 GMT

Max Capital has written a letter to shareholders after IPC shareholders voted against the merger between the two Bermudian (re)insurers. ...

Max Capital in line for $50m after ending merger agreement with IPC

Fri, 12 Jun 2009 15:47:00 GMT

Max Capital, the Bermudian (re)insurer said it has terminated its merger agreement with IPC Holdings after IPC shareholders voted against the amalgamation of the two companies. ...

Brit finally concedes interest in Lloyd's insurer Chaucer

Fri, 12 Jun 2009 14:37:00 GMT

Lloyd's insurer Brit has finally admitted it is talks with rival Chaucer after months of speculation. ...