December 2006/1

UK businesses have been warned that they are exposing themselves to unnecessary environmental liability risks, as they view specialist insurance products as too expensive and complex.

The UK’s Competition Commission have ratified their decision to approve the acquisition of CBS Private Capital by rival Hampden Agencies Ltd.

Lloyd’s insurer Hardy Underwriting announced an improved forecast for the 2005 year of account of its managed Syndicate 382 on 29 November.

Brit Insurance Holdings plc announced last week the renewal of its contract with satellite operator Telesat Canada to supply technical advice and support for its space underwriting activities.

Lloyd’s insurer Heritage Underwriting Agency Ltd has bolstered its underwriting executive with the appointment of the Lloyd’s Japan chief executive James Sardeson.