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Fitch backs Brit to remained disciplined

Fitch Ratings has today affirmed Brit Insurance's Insurer Financial Strength ("IFS") rating at 'A+', the subordinated notes issued by Brit Insurance Holdings plc ("BIH") at 'BBB' and the Issuer Default Rating ("IDR") of BIH at 'A-' (A minus). The Outlook…

Construction industry warned over water escape

Over 70% of property professionals believe that the construction industry should take serious steps to reduce the instances of water escape on construction sites, according to a snapshot survey by Lockton’s real estate & construction division.

Recent floods not of 1947 scale claims RMS

Despite the widespread devastation caused by this summer's UK floods, the damage is not yet as costly as the March 1947 floods, which would have resulted in insured losses of £4.5 to £6 billion if it reoccurred today, according to Risk Management…

Junction appoints three

Junction has strengthened its business development, delivery and marketing and teams with the appointment of Martin Overton, Mike Edgeley and Catherine Hill.

Allianz gets ratings boost

Allianz Insurance and Allianz SE have had their ratings raised by Standard and Poor’s after a series of strong financial results in recent years.

R3 Group completes Forces Travel acquisition

The R3 Group has completed the acquisition of the Forces Travel business and plans are underway to integrate the company with Forces Financial, R3’s specialist UK Police and Armed Forces insurance and financial services division.

UK Broker Awards 2007 shortlist announced

Insurance Age is pleased to announce that the following companies and individuals have been shortlisted for the UK Broker Awards 2007, which will take place at The Brewery, Chiswell Street, London on Friday 14 September...

Scottish Re hires new CEO

Scottish Re Group has announced the appointment of George Zippel as president and global chief executive, effective August 10th. He will be joining the company immediately, serving in a transition role and will be based at the company's Bermuda…

Appointment at MMA

Intermediary-only insurer MMA Insurance has appointed Jason Beach as its new Key Account Manager. He will be responsible for supporting a number of MMA’s key strategic intermediary partners. Jason will also work with MMA’s potential new partners to build…

Pick of the Week

Anthony Gould, editor in chief, provides a run down of the major news in this week’s issue of Post Ma...

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