News
Brit adds to London Market team
Brit Insurance Holdings, has hired Richard Webster to become business development director of its London Market Underwriting Centre, reporting to Mike Sibthorpe, underwriting director, London Market.
NU and Ford agree parts contract
Norwich Union Insurance, and Ford Motor Company, have reached a wide-ranging agreement on the use of original equipment parts and the repair of accident-damaged Ford vehicles insured by NUI.
Vega ties up deal with Close
Bristol-based broker Vega Insurance Services has concluded a partnership agreement with Close Premium Finance to provide services to its broker base.
Fitch rates Generali notes
Fitch Ratings, the international rating agency, has assigned Italy-based Assicurazioni Generali SpA's €500m issue of senior unsecured notes, maturing 2015, a rating of 'AA-' (AA minus).
Moody’s upgrades Hannover Re
Moody's Investors Service has upgraded the insurance financial strength rating (IFSR) of Hannover Reinsurance to A3, from Baa1 and the rating on guaranteed subordinated debt of Hannover Finance to Baa2, from Ba1.
Zurich London downgraded
A.M. Best has downgraded the financial strength rating to B++ (Very Good) from A (Excellent) of Zurich Specialties London.
Willis looks to the East
Willis Group Holdings has announced that it has acquired the remaining 30% of the shares it did not already own of Willis Polska, its Polish subsidiary.
Comfort Insurance in wireless trials
Specialist motor caravan intermediary Comfort Insurance has become the first CDL broker to trial 3G technology and gain remote wireless access to the CDL broking system installed at its Dagenham offices.
Fears raised over motor claims
Nine out of 10 motorists will be involved in an accident in their lifetime but a third would rather pay up than make an insurance claim, according to More Than.
CII to increase number of chartered titleholders
The Chartered Insurance Institute is embarking on a campaign to increase the number of chartered titleholders by writing to 7,000 eligible Associate and Fellow members, in readiness for the launch of a new online directory in June.
Zurich appoints vice-president for international business
Zurich has named Brian Doyle as vice-president of international program business.
NU in seven-day pledge
Norwich Union has launched a product to enable car dealers to provide seven days’ free comprehensive motor insurance to customers.
Fabien and PI Direct partner on new broker indemnity scheme
Fabien Risk Services, in partnership with PI Direct's broker-dedicated trading arm PI Brokerlink, are launching a professional indemnity scheme for brokers called Broker Protect
Insurers to pay for Paris airport terminal collapse
Aeroports de Paris (ADP) has confirmed that it would cost an estimated €150m ($195.9m) to rebuild the roof of the boarding area at terminal 2E at Charles de Gaulle airport, which partially collapsed in an accident last year.
PCI objects to US asbestos bill
The Property Casualty Insurers Association of America (PCI) has announced its strong opposition to S. 852, legislation sponsored by Senate Judiciary Chairman Arlen Specter to create a trust fund to compensate asbestos victims.
ABI urges reform of FSA enforcement procedures
The ABI (Association of British Insurers) has urged the Financial Services Authority (FSA) to improve its enforcement procedures so that they provide "greater transparency, objectivity and certainty".
Moody’s rates HSBC Argentinean subsidiaries
Moody´s has assigned first-time insurance financial strength ratings, on both a global-local-currency and a national scale rating basis, to HSBC New York Life Seguros de Retiro and to HSBC New York Life Seguros de Vida.
Brit announces senior appointments
Brit Insurance has announced the appointment of Toby Stubbs and Matthew Wilson to its property treaty and aviation teams respectively.
Ex-Skandia chief takes reigns at Abbey Insurance
Abbey has appointedof Paul Bradshaw as chief executive of its insurance and asset management division. Subject to FSA approval, he will join the company on 25 April and will sit on the bank's executive committee.
Cila's Tucker takes up Thornton role
Grant Thornton has appointed Angus Tucker as a senior manager within its Insurance Claim Solutions team. The appointment takes place with immediate effect.
US asbestos bill faces committee battle
The authors of a US bill to compensate asbestos victims have said that they are confident it would attract enough support to advance to the Senate floor and beyond, despite opposition in both parties.
Utley Cox takeover d-day verdict
Cox Insurance this morning announces that advanced discussions are continuing in relation to a proposed recommended cash offer on behalf of Duke Street Capital V Limited, Englefield Capital LLP and Neil Utley.However, the motor insurer stressed: “There…
DTI: union membership fell by 36,000 in 2004
The number of employees who are members of unions has decreased, according to a new report from the ...
Path to success: Broker Business Development
Matthew Reed, director of new business at Howden UK, reflects on his career to date