Insurer
Re AC steps closer to relaunch
Reinsurance Australia Corporation (Re AC) has announced that the Australian Prudential Regulation Authority (APRA) has removed the directions which were imposed on Re AC when the Company went into run-off in 2000. This follows the completion of APRA’s…
Jelf results show turnover rising
Broker the Jelf Group today announced its inaugural set of preliminary results as a listed company on the Alternative Investment Market, with turnover increasing by 26%.
West country broker boasts healthier operating margins
West country and Wales based corporate broker Jelf Group has announced its inaugural set of preliminary results as a listed company on AIM. The results are for the year ended 30 September 2004.
Smart & Cook chairman dies
Geoff Cook chairman of Smart & Cook has died suddenly. The founder of the growing broker chain will be sadly missed by all those who knew him, and the loss of Mr Cook is also a loss for the broking industry as a whole.
Distribution review for Groupama Healthcare
As part of its plans to develop its specialist Healthcare business, Groupama Insurances has begun a review of the distribution and customer servicing capabilities of Groupama Healthcare.
Admiral highlights hugely increased ad spend
Before entering its closed period on 21 January 2005, Admiral Group today provides an update on current trading.
Smart and Cook expands north of the border
National insurance broker Smart and Cook has continued its expansion into the Scottish market with the opening of a brand new branch office in Edinburgh.
Lloyd's chief puts 9% capacity reduction down to market discipline
The Lloyd’s market expects to have the capacity to underwrite £13.7 bn of business in 2005, chief executive officer Nick Prettejohn announced today.
Admiral joins FTSE 250 companies
Admiral Group has been included in the FTSE 250 index following the quarterly review of the UK Index Series.
Lord Levene to serve second term as chairman of Lloyd’s
Lord Levene of Portsoken will serve a second term as chairman of Lloyd’s of London.
Illium launches regional arm
Lloyd’s insurer Illium is launching a north of England underwriting operation.
Re-skilling the market
Dublin
Willis buys top 50 UK broker
Willis has agreed to acquire UK regional insurance broking and group benefits consultancy business Opus from European buyout firm Bridgepoint Capital. Opus has annual general insurance and group benefits revenues of approximately £13 million ($24 million…
Ace jumps to top three position in UK general insurance
Ace European Group has received regulatory approval to transfer its Belgium based business into its UK-based company.
Connecticut AG subpoenas Gallagher
The impact of the Spitzer allegations about price fixing in the insurance industry has continued to widen, after Arthur J. Gallagher was subpoenaed by the Connecticut Attorney General.
Helphire buys Albany for £45.8m
The Helphire Group has acquired Albany RTA and Albany Group Holdings giving it over 1.5 million legal expenses insurance policyholders. The two firms have been working together for the last two years.
Curtel claims new position at Markel International
Markel International has appointed Tony Curtin as claims manager for specialty, property & casualty lines.
Jelf Group to float on AIM
Jelf Group is seeking to raise approximately £2.5m at the placing price, (£2.1m net of expenses and excluding VAT) by a placing of 3,086,420 shares.
FSSC expands with 'four-nation' approach
The Financial Services Skills Council plans to open branches in Scotland, Wales and Northern Ireland...
RSA secures fleet contract until 2011
Royal & SunAlliance has renewed its contract to insure the Motability fleet, (provision of cars for disabled people within the UK), and will continue as sole provider of motor insurance for Motability fleet customers. The insurer has held the Motability…
Outsourcing firm recruits 250
HCL Technologies is recruiting up to 250 new staff in Belfast as it looks to sign up insurers consid...
CII Conference: Axa CEO calls for less pessimism
This year's UK Insurance and Financial Services Conference got under way in earnest this morning with a powerful opening address from Axa CEO Henri de Castries.
Creechurch takeover by Logan/Hastings Direct finalised
The purchase of Lloyd's insurer Creechurch by Hastings Direct parent Logan Trust Group has been confirmed.
Hiscox in 05 capacity u-turn
Hiscox is raising capacity of its Lloyd's syndicate back up to £775m after initially deciding on a 14% cut, citing foreign exchange pressures and an improved rating environment.