L&G calls in the Samaritans

Willis enhances DARCstar D&O offering

Willis has improved its DARCstar directors’ and officers’ (D&O) insurance and launched two new products in the range: prospectus liability insurance and Eclipse, an excess policy for non-executive directors that provides additional protection against insurer insolvency. Commenting on developments, Willis’ director, financial, executive risk and professional liability, Francis Kean, says: “Directors today also need protection [...]

UK leaps up hacking league table

NCC Group has released its latest Origin of Hacks report, showing the main countries from which global computer hacking originated during the first three months of the year. Research from the IT assurance provider reveals that the UK has entered the top ten for the first time, while the proportion of worldwide hacks coming from [...]

Brokers express concern about FSCS

A new survey from the British Insurance Brokers Association (BIBA) has revealed that regulation is the number one concern for insurance brokers. Three-quarters of those surveyed wanted reform of the Financial Services Compensation Scheme (FSCS) and nearly 90% wanted BIBA to convey the issue of proportionate regulation to the Government. One in ten of those [...]

XL appoints chief HR officer

XL Group plc has announced the appointment of Eileen Whelley as executive vice president and chief human resources officer. Whelley succeeds Elizabeth L. Reeves, who is retiring, with effect from 18 June. For the last six years Whelley has served as executive vice president (Human Resources) at The Hartford Financial Services Group and will report [...]

Fitch positive on Lloyd’s emerging markets’ expansion

The Lloyd’s insurance market’s planned expansion into emerging markets is a net positive, even though writing insurance outside established markets carries additional risks, Fitch Ratings reports. According to the credit rating firm, Lloyd’s already writes 25% of its business outside Europe and North America and premium growth in emerging economies is outpacing that of developed [...]