Commercial
AWAC expands New York office
Allied World Assurance Holdings has announced that its subsidiary, Allied World Assurance Company US (AWAC US), has expanded the capabilities of its New York office to underwrite excess liability and errors and omissions coverages.
Appointment at Lockton Risk Services
US-based Lockton Risk Services, a subsidiary of Lockton Companies, has made Kirke Dorweiler executiv...
Capita signs up new insurer
Capita Insurance Services has signed a rolling contact with Evolution Underwriting for an outsourced...
Appointment at Norwich Union
Norwich Union Healthcare has promoted Graham Boffey, partnerships director at NU Insurance, to manag...
Banking on schemes
Schemes
Aon reports increase in profits
Broker Aon has reported an increase in profits from £316m to £371m in the first six months of 2004. ...
MMA's stake in Saturn no longer fit its strategy
MMA Insurance said its decision to sell its 45% stake in Saturn Professional Risks is in keeping wit...
New Zurich MD outlines affinity plan
Zurich is planning a concerted affinity push, according to its new personal lines managing director,...
RSA refutes client "pinching" claim
Royal and Sun Alliance director of commercial business Brendon McManus has dismissed suggestions the...
Group aims to stamp out staged accidents
The insurance industry working group investigating staged accidents met this week for only the secon...
Axa: profit not market share aim
AXA revealed that strong performance across all general insurance lines contributed to encouraging r...
UIA held up over affinity deals
UIA Insurance has yet to close the four new affinity deals it was aiming to sign last year. The ins...
Research from Allianz Cornhill
Research from Allianz Cornhill has found that 52% of motorists do not know the recommended position ...
Appointment at Jardine Lloyd Thompson Group
Jardine Lloyd Thompson Group has appointed Margo Black as chief operating officer of JLT Latin Ameri...
Have insurers failed
Last week, on its website, www.postmagazine.co.uk, Post Magazine posed the question: have insurers f...
PI Direct sees few new viable targets
PI Direct's merger with Saturn Professional Risks will deliver new business in miscellaneous profess...
Broker founder joins Allianz Cornhill Commercial
Former CU boss and Gosure founder John Warburton has been appointed sales and distribution manager for Allianz Cornhill Commercial.
Bowers takes over at Allianz Asia Pacific
Bruce Bowers has been appointed chief executive Asia of Allianz Insurance Management Asia Pacific, based in Singapore.
BIBA calls for government to back industry and end uninsured driving
The British Insurance Brokers' Association has called on the government to implement tough new measures to help the industry combat the growing numbers of uninsured motorists, following the publication of the Greenaway Report.
AM Best Downgrades Corifrance
AM Best has downgraded Corifrance’s financial strength rating from A- (excellent) to B++ (very good). The outlook is stable.
SCPIE unveils Q2 results
SCPIE Holdings has announced its results for the second quarter and first half of 2004.
PI merger creates new underwriting giant
PI Direct, through the creation of a new holding company, is to merge with Saturn Professional Risks.
Axa UK reports GI growth
Axa UK today reported that its underlying earnings increased 138% to £99m from £41m for the first six months of 2004, posting a combined ratio of 98.5%, an improvement of 3.9 points. UK gross revenues increased by 4% to £3.6 bn.
Moody’s changes Hartford outlook to stable
Moody's has announced that it has affirmed Hartford Financial Services Group's and Hartford Life’s A3 senior debt ratings as well as the Aa3 insurance financial strength ratings of both its P&C and life insurance operating subsidiaries.