United Kingdom News

Harnessing technology in the London insurance market

Kinnect is dead! Long live Kinnect! Although Lloyd’s long troubled IT project was consigned to the flames last January (See IJ Website Jan. 24), a number of IT phoenix have risen from its ashes. “I think 2006 is going to …

HOUSE OF LORDS ASBESTOS DECISION LIMITS DAMAGE LIABILITY

The U.K.’s House of Lords handed down judgments on May 3 in three major cases involving employers and their insurers’ liability for damages to workers and their families resulting from asbestos related diseases. The decision in the case of Barker …

People

RLI Corp. of Peoria, Ill., has hired Craig Kliethermes as vice president of actuarial services. Kliethermes will report to Joseph Dondanville, chief financial officer and senior vice president. His responsibilities include pricing, reserving, enterprise risk modeling and actuarial analysis of …

Business Moves

Odyssey Investment, York Insurance Services Odyssey Investment Partners LLC completed its acquisition of York Insurance Services Group Inc. in partnership with York Chairman and CEO Thomas C. MacArthur, other members of York’s senior management and Cincinnatus Partners LLC, a Cincinnati-based …

Harnessing technology in the London insurance market

Kinnect is dead! Long live Kinnect! Although Lloyd’s long troubled IT project was consigned to the flames last January (See IJ Website Jan. 24), a number of IT phoenix have risen from its ashes. “I think 2006 is going to …

London Insurance Market

House of Lords asbestos decision limits damage liability The U.K.’s House of Lords handed down judgments on May 3 in three major cases involving employers and their insurers’ liability for damages to workers and their families resulting from asbestos related …

Navigators Expands Excess & Surplus Lines Business

Navigators Management Company, the principal underwriting agency subsidiary of The Navigators Group Inc., has established a new Primary Casualty Division to be based in Chicago. Christopher Day has joined Navigators as president of the Primary Casualty Division. The Division will …

R&SA Q1 Operating Profits up 29% to $391 Million

The U.K.-based Royal & Sun Alliance (R&SA) posted strong operating results for the first quarter of 2006 with operating profits up 29 percent to £207 million ($391 million), compared to £160 million ($302 million) in Q1 2005. Net written premiums …

Kiln plc Appoints Hitchcox to New Post of Chief Actuary and Risk Officer

The U.K.’s Kiln plc, which owns and operates Lloyd’s managing agent R J Kiln & Company, announced the appointment of Andrew Hitchcox to the newly created post of chief actuary and risk officer. He joins Kiln from a similar position …

ACE European Launches New U.K. Corporate Travel Coverage

ACE European Group announced the launch of businessclass premier, described as “a new package of bespoke accident, health and travel insurance, services and risk consultancy, specifically for large corporate organizations.” The coverage “brings together a range of personal injury and …