News
Industry toasts multi-million-pound reprieve
Insurers' hopes of repelling multi-million-pound football injury claims have been boosted after winn...
Moody's upgrades ratings
News in brief
CIS sees 50% profit slump
The Co-operative Insurance Society has admitted its well-documented failings contributed to a nose-d...
AM Best downgrades
News in brief
Atrium boasts of market position
Lloyd's insurer Atrium this week predicted that it was better placed than its competitors to generat...
Penny Black's insurance week
Churchill this week confirmed that, in light of Vic Reeves' drink driving charge, it has given its b...
Norwich Union and Ford agreement
News in brief
Apil attempts to salvage EL pilot
The Association of Personal Injury Lawyers was today due to call for the resurrection of the governm...
Equitas contests instability claims
Equitas has hit back at claims that an asbestos-related lawsuit in the US could destabilise the mark...
Airport roof bill reaches £102m
Aeroports de Paris (ADP) has confirmed that it would cost an estimated EUR150m (£102m) to rebuild th...
AMG continues to diversify with new arm
Loss adjuster Ashworth Mairs Group has given its diversification strategy another push by launching ...
Allianz seeks to raise profile with Cardiff move
Allianz Cornhill is set to open a branch office in Cardiff as part of a bid to grow its commercial l...
Converium and Munich Re subpoenaed in MBIA probe
Munich Re and Converium have confirmed that they had been subpoenaed by US authorities in a widening probe into contested reinsurance contracts with insurer MBIA.
Heath Lambert launches commercial operation
Heath Lambert Group has appointed Steve Maggs as managing director of "a new commercial operation" based in Reading, while Stephen Wood has been appointed managing director of the Group's Swindon office.
FSA appoints enforcement director
The Financial Services Authority (FSA) has appointed Margaret Cole, partner in the London office of the international law firm White & Case, as its new director of enforcement.
Out of court settlements preferred to Judge imposed periodical payments
One of the few periodical payment orders since the introduction of the Courts Act was awarded in Leeds High Court last week. However, market commentators believe most judgments have been avoided in favour of out of court settlements. See full story in…
Spitzer widens AIG probe
New York Attorney General Eliot Spitzer and Insurance Superintendent Howard Mills have announced that the Insurance Department is to appoint a consultant to audit years of alleged improper booking of workers’ compensation premiums at American…
Florida subpoenas 17 reinsurers
Florida Insurance Regulation Commissioner Kevin McCarty has subpoenaed 17 reinsurance companies to request information related to finite reinsurance activities in the insurance industry.
Swiss Re embedded value goes up
Swiss Re has reported that the embedded value of its life and health business of CHF 17.1bn in 2004, up from CHF 16bn in 2003.
Willis hit by Chinese suspension
Broker Willis has been suspended from conducting business in China's Guandong province after allegedly obstructing regulators from making inspections.
AM Best issues report on 2004 US P/C industry
The US property/casualty industry reported improved operating results in 2004 for the second straight year, but for the first time since 1978, underwriting results were profitable, with a combined ratio of 97.9, according to a new report released by AM…
Sainsbury’s Bank launches Pet Insurance Charter
Sainsbury’s Bank has launched a Pet Insurance Charter in response to ‘inadequate’ industry cover for cats and dogs.
New director of quality at Thatcham
Jason Moseley has been appointed director of quality and business systems, at insurance research centre Thatcham.
Chinese insurers encouraged to bring in strategic investors
China’s insurance regulator has told domestic insurers to bring in more strategic investors to help improve their managerial structures, the ‘China Securities Journal’ reported on Monday.