News
Benfield warns on 2007 profits
Reinsurance broker Benfield has today issued a profit warning after seeing conditions not improve since the middle of the year.
Zenith and Europa team up
Gibraltar-based Zenith Insurance has agreed to provide capacity of up to £12 million for Europa Underwriting to re launch its Elite Car product.
Hiscox on track for record result
Hiscox has predicted that its 2007 results will surpass 2006, which was a record for the group.
Run off firm seeks AIM listing
Run off management company Randall & Quilter Investment Holdings has announced plans to seek admission of its entire issued and to be issued ordinary share capital to trading on AIM.
Erinaceous shares dive further
Shares in troubled property group Erinaceous have fallen again today. At one stage the shares were trading at 3.85p, down 47%, and over 8 million shares have been traded today alone.
Aon uveils major tie up with Jones Lang LaSalle
Jones Lang LaSalle and Aon have concluded a joint venture agreement to establish a new commercial real estate insurance services capability.
RSA responds to government findings
Royal and Sun Alliance has backed the government's move to enourage insurance among disadvantaged groups.
SBJ Group announces reshuffle
The SBJ Group has announced a host of organisational changes following Jim Clark’s decision to retire as chairman and chief executive of its subsidiary SBJ Limited.
Willis CEO outlines network growth plan with promise not to sell membership on
The new chief executive of Willis UK and Ireland Brendan McManus unveiled plans to grow its broker network on the back of possible discontent at others. Speaking to Post he said: “One of the things that I think is attractive for brokers to become part of…
Equity Syndicate Management strengthens team
Equity Syndicate Management has appointed David Pye as its chairman.
Lloyd's syndicate closed
Direct insurer Admiral today announced that Court approval was obtained on 21 November 2007 for the transfer of the business of Lloyd's Syndicate 2004 to Admiral Insurance Company Limited, pursuant to Part VII of the Financial Services and Markets Act…
BMS hires Cooper Gay US team
BMS has announced that it has acquired a nine member Cooper Gay P&C team based in Minneapolis and led by Jim Brost and Mike Joyce.
RSA wins M&S affinity deal
M&S Money is making changes to its pet insurance with Royal and Sun Alliance taking over as underwriter.
Liberty unveils 2008 capacity
Liberty Syndicates announced that its capacity for the 2008 underwriting year will be £830m, down from £917m the final capacity written for 2007.
Axa review sees company predict fourfold rise in revenue
Nationwide, the provider of automotive crash repair services in the UK, has agreed what it descibes as "a significant extension" to its existing contract with Axa Insurance.
Bermuda's Ironshore is Heritage suitor
Bermudian start-up (re)insurer Ironshore has confirmed that it is interested in making a bid for Lloyd's (re)insurer Heritage Underwriting.
JLT links up with furniture provider
The Symphony Group has appointed Jardine Lloyd Thompson to manage its insurance and risk management programmes and pension arrangements.
Environment Agency makes flood recommendations
The Environment Agency today published its comprehensive review of this summer’s floods, highlighting issues such as complex responsibilities for flooding from drains and the vulnerability of critical infrastructure.
Fortis recruits finance head from RSA
Fortis has appointed Helen Pickford as finance director.
Interest rates cut
The Bank of England has cut interest rates from 5.75% to 5.5%. The rate call was announced after a two-day meeting of the central bank's Monetary Policy Committee and follows concerns about economic growth, consumer spending and house prices.
It's time for change says Starling
The Association of British Insurers says the public wants “action” to prevent flood damage hitting the country on a similar scale to that suffered this year.
Hiscox arm undergoes MBO
Hiscox has agreed to sell its third party fund management arm, Hiscox Investment Management, to the principals, creating an independent investment management company. Hiscox will have a 40% shareholding in the company, with management holding the…
GP relationship key to healthier workforce
Employers and GPs must work together to build a healthy workforce, according to an expert from Norwi...
Beating industry skills shortage
A new pilot programme aimed at combating a shrinking labour market in the insurance industry has bee...