Insurer
Fusion opens claims unit in Manchester
Fusion Insurance has expanded its claims handling capabilities by opening a new Northern Claims Unit based in Manchester.
Jelf clinches £7m mortgage deal
Bath Building Society has renewed its strong business relationship with Bath Financial Planning, part of The Jelf Group.
Winners and Losers - Post Magazine's monthly round-up of job cuts and gains
WINNERS Hastings Direct outlines an aggressive growth strategy that will see it open a new Manchest...
Swiss Re doubles profit while premiums decline
Swiss Re’s profit doubled to CHF 1.4 billion (£611m) in the first half 2004. Total premiums earnedwere CHF 14.1 billion, a decline of 2% on 2003, as Swiss Re continued to underwrite selectively and focus on profitability, according to a company statement.
Admiral reports strong first half results
Admiral Group has announced a 30.5% increase in adjusted core profit to £45.3m for the six months ended 30 June 2004.
Partner Re adds to Charley claims estimates
PartnerRe has announced that claims relating to its exposure to Hurricane Charley are expected to be between $35 -$45m.
Allianz Cornhill profits up
Allianz Cornhill has announced a 13.2% increase in pre-tax profits for the first half of 2004, compared to the same period last year.
Boardroom changes at RSA
Royal & Sun Alliance has announced the retirement of Bob Ayling from its board of directors withimmediate effect and the appointment of David Paige as group risk director and executive board member.
Heath Lambert announces Malaysian venture
Broker Heath Lambert has launched a joint venture in Malaysia.
Lloyds TSB sees steady growth for 2004
Lloyds TSB General Insurance has increased its profits by £2m to £82m in the first half of 2004.
Creechurch in capital deal
The Creechurch Group, which includes Creechurch Underwriting, has accepted an offer from a subsidiary of the Logan Trust Group to acquire the entire issued capital of Creechurch Holdings.
Euclidian sale to spark Lloyd's consolidation
Lloyd's insurer Euclidian is set to become the first in a raft of acquisitions led by Capital Insurance Holdings and backed by Berkshire Hathaway's Warren Buffett.
Benchmarking important to market, claims Coomber
Benchmarking is an important tool to use in the current market, according to John Coomber, chief executive of Swiss Re.
Groupama appoints new claims director
Groupama Insurances has announced the appointment of Graham Gibson as claims director with responsibility for the technical integrity and operational effectiveness of the UK Group's claims operations. The appointment is subject to the usual FSA approval.
LMA committee chairman calls for better industry efficiency
Dane Douetil, chairman of the Lloyd’s Market Association’s Market Processes Committee has stressed the critical impact on loss ratios that could result from initiatives to improve the efficiency of insurance markets globally.
Illium in claims boost
Lloyd’s liability syndicate Illium has appointed John Craig as claims director.
Willis to purchase £33m Irish broker
Broker Willis has reached agreement in principle to acquire a majority shareholding in Coyle Hamilton, rebranding it Coyle Hamilton Willis, and merging Willis' existing Irish operations into the group.
Former Lloyd's CEO and Marsh UK boss nominated for new roles
The Institute of Financial Services has announced that former Lloyd’s chief excutive Ron Sandler has been nominated to become its next president from October this year.
Centrica in 'preliminary discussions' to sell the AA
Centrica has confirmed that it is in early talks to sell breakdown association the AA in a deal estimated at £1.5bn.
Allianz Cornhill restructure set to result in job losses
Following an internal review, Allianz Cornhill has decided to restructure its operation. With immediate effect, general manager, Rüdiger Schäfer will head a new integrated and streamlined management structure covering brokers, affinity partners and…
Cobra in RSA tie up
Cobra, the independent commercial broking alliance, has announced that Royal & Sun Alliance has joined its panel with immediate effect.
Norwich Union in new property outsourcing deal
Land Securities property outsourcing business, Land Securities Trillium, has today agreed a major deal with Norwich Union to manage and improve its core occupational estate.
Rudolph Guliani speaks on terrorism risk
Former Mayor of New York, Rudolph Guliani, in a speech to the attendees of the World Insurance Forum in Bermuda, said that the insurance industry must help the private sector to address the issues of security and business continuity in order to be ready…
Heath Lambert to cut jobs in London move
Heath Lambert is to move part of its risk processing operation from Swindon to its London headquarters.