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Commercial

Utley quits Cox - Fisher steps in

Neil Ultey, chief executive of Cox has resigned as both CEO and as a director of the group with immediate effect. The company recently tried to buy motor insurer Highway but talks between the two companies collapsed last month.

NU set to move jobs to Sri Lanka

Norwich Union will test a new facility in Sri Lanka and may move more positions from the UK to Asia next year. The operation in Columbo will initially employ 25 people in September in finance administration roles from the company's general insurance unit…

S&P changes Allianz Canada outlook

Standard & Poor's Ratings Services (S&P) has revised its outlook on Allianz Insurance of Canada and Trafalgar Insurance of Canada (collectively referred to as Allianz Canada) to stable from negative and affirmed its 'BBB+' (good) counterparty credit and…

Moody’s issues CNAIC rating

Moody's has assigned an Aa3 (excellent) insurance financial strength rating to Coface North America Insurance Company (CNAIC), a wholly-owned subsidiary of Coface SA. The outlook for the new rating is stable.

Mango awarded pricing prize

Don Mango, vice president of research & development at GE's Employers ReinsuranceCorporation (ERC), has been awarded the 2004 Charles A. Hachemeister Prize by the Casualty Actuarial Society (CAS) for his paper on reinsurance pricing. The announcement of…

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