News
Free to testify?
The latest judgement in the case of controversial paediatrician Sir Roy Meadow has boldly extended the protection afforded to expert witnesses in court. Juliette Mellman-Jones reports
Appointment at Marsh
Kathy Duggan has been appointed as national operations leader for Marsh's corporate client practice....
Haddrill heads to India for talks
India's "protectionist" legislation limiting foreign ownership of its country's insurers to a 26% st...
Berryman launches unit
East Midlands law firm Berryman has launched a business defence unit within its insurance team, head...
Amlin reports record profits
Amlin has reported record profits for 2005, despite incurring major losses from the hurricane season...
Halliwells in City push
Manchester-based law firm Halliwells has recruited two partners for its City practice. As revealed ...
Arrow 2 conflicts of interest
Conflicts of interest will increasingly be the focus of Arrow 2 visits in 2006, the British Insuranc...
Lancashire 'A' rating in balance following key underwriter departure
Bermudian start-up (re)insurer Lancashire has had its financial strength rating of A- (Excellent) and its issuer credit rating of bbb- placed under review with negative implications by AM Best.
Markel promotes medical testing liability product
Markel (UK), the regional arm of Markel International, has launched a liability product aimed at protecting the medical and pharmaceutical industries. The product, Speciality Liability covers the following areas specifically; surgical, pharmaceutical and…
Validus opens $300m credit facilites
Bermudian start-up reinsurer Validus has announced that it has entered into syndicated credit agreements ammounting to $300m with a syndicate of lenders. The deal consists of a $100m senior unsecured 364-dday revolving credit facility and a $200m senior…
Bupa embarks on change programme to slow premium increase
Healthcare giant Bupa today boasted that 82% percent of insurance customers rated its service excellent or very good.
Hiscox launches new US operation
Hiscox today announced the opening of Hiscox USA an underwriting operation offering cover for small and mid-size US professional service businesses outside the Fortune 1000.
Groupama appoints e--business trading manager
Groupama Insurances has appointed Ken Hutchinson to the newly created role of e-business trading manager.
Erinaceous Group sees broking revenue fall in 2005
The Erinaceous Group's insurance services division delivered a "relatively modest" 3% organic growth in profit in 2005. Total divisional revenue for 2005 was 22.4m pounds representing a fall of 2% compared to pro-forma 2004 after acquisitions are…
Brit mulls side-car venture to re-enter retro
In its preliminary 2005 results statement, Lloyd’s (re)insurer Brit has reconfirmed that it pulled out of the Cat retrocession market at the 1st January renewals. However, Brit confirmed that it may soon be back in what it sees as an attractively priced…
Converium announces 2005 profit
Converium has announced that it made a profit of $68.7m in 2005.
Brit returns profit, appoints Citigroup as Broker
Brit Insurance Holdings has reported pre-tax profits were almost halved to £62.4m during 2005. The insurer also announced the appointment of Citigroup as its new joint broker, as predicted in Post Magazine.
Capita Insurance to deploy further SAP solutions
Capita Insurance Services, the insurance division of support service company Capita Group plc, is to deploy the SAP CRM on-demand solution. The company currently uses applications from the SAP for Insurance solution portfolio, including claims management…
AA Insurance buys back commercial book from Aon
AA Insurance regained its former commercial insurance book from Aon.
Cooper Gay sees top line growth of 12% in 2005
(Re)insurance broker Cooper Gay has announced results for the year ended 30th September 2005 that saw turnover and other operating income up 12% to £58.4m (2004: £52.1m).
Munich Re claims record profit
In its anniversary year, with a stable premium base, the Munich Re Group has announced that it achieved a record profit of over €2.7bn in 2005.
Cooper Gay profits up 5.9%
Broker Cooper Gay has announced its results for the year ended 30th September 2005, reporting that turnover and other operating income was up 12% to £58.4m (2004: £52.1m).
American Re reports heavy 2005 loss after $1.4bn charge
Munich Re’s US subsidiary American Re has reported a 2005 GAAP net loss of $1,558.8m, primarily a result of the $1.4bn addition to the Company’s net loss and loss adjustment expense reserves recorded during the second quarter.
James Hampden Insurance Brokers makes acquisition
James Hampden Insurance Brokers (JHIB) has acquired Dragoon Insurance Services (DIS). Simon Hall, ceo of JHIB, commented “We have known and worked with the owners of this well run business for some time and therefore the opportunity to acquire the…