News
Insider trading investigations are latest hurdle for Converium
The Swiss Exchange (SWX) has completed a probe into possible insider trading at Converium according to Reuters. The investigation followed the announcement in July of a $385 million hole in reserves which has resulted in a two-thirds fall in the share…
New marine head at Brit
Brit Insurance Holdings has recently appointed Richard Mander to write marine and energy liability business for both Brit Insurance Limited and Syndicate 2987.
Amlin admits weather losses are higher than "business plan assumptions"
Lloyd’s insurer Amlin today said losses relating to Hurricane and Typhoon events in the United States and Japan respectively are higher than its business plan assumptions for such activity.
CBG makes four appointments
Community Broking Group has appointed four new members of staff.
London-based dental plans launched
Europ Assistance has launched a range of corporate dental plans in London.
Swiss Re estimates up to $750 million in hurricane claims
Swiss Re estimates its claims from the four hurricanes to make landfall in the US (Charley, Frances, Ivan and Jeanne), together with Typhoon Songda in Japan, will be in the range of $750 million. It says the unprecedented nature of this year's storms…
BIA partners with Paymentshield
Berkeley Independent Advisers, a subsidiary of Berkeley Berry Birch, has set up a partnership with Paymentshield to offer general insurance products to its members.
Catlin loses £28m in hurricane claims
Bermuda-based Catlin Group has predicted a $50m (£28m) loss in its net income as a result of claims following the hurricane season.
IRM outlines 2005 agenda
The Institute of Risk Management has unveiled its one-year qualification, the Introductory Certifica...
MIA wins Investors in People status
The Motor Investigation Agency has been awarded Investors In People status at a ceremony in Liverpoo...
FSSC expands with 'four-nation' approach
The Financial Services Skills Council plans to open branches in Scotland, Wales and Northern Ireland...
CII unveils new broking faculty
The Chartered Insurance Institute has launched the Faculty of Insurance Broking, the latest in its r...
UK rehab course accredited
RTW Plus, in association with Middlesex University, has launched what it claims is the "first accred...
SVB predicts £10m hit from cat losses
Lloyd's insurer SVB has announced updated forecasts of potential losses incurred from weather catastrophe events, estimating its second half results will be impacted to the tune of £10m.
Asian brokers warm to reinsurance innovation
Asia-Pacific brokers are starting to use the ri3k global reinsurance infrastructure for their businesses, says the technology specialist.
Highway cancels renewals practice
Motor insurer Highway has told its network of brokers that it is to automatically lapse policies unless brokers make contact within the month before policy renewal is due.
BDML: HHH book acquisition to strengthen affinity partnerships
BDML Connect's has confirmed it is to acquire the Mitchells and Hill House Hammond motorcycle accounts from Norwich Union.
Broker shut down with £300 000 debt
An insurance consultancy that left high-risk clients without insurance cover has been wound up following an investigation by the Department of Trade and Industry.
Composite Legal Expenses launches new package
Composite Legal Expenses has teamed up with the Forum of Private Business to provide its members with a new commercial legal expenses insurance package, including a 24/7 legal advice helpline.
China and India lead new market opportunitites says Swiss Re
China and India will lead new insurance markets says Swiss ReResearch from Swiss Re confirms that China and India are the most promising of the emerging insurance markets. Non-life premiums collected in emerging markets are expected to double from $123…
FSA announces GI application update
The Financial Services Authority today announced it had received 5049 applications from the primary insurance market for authorisation and 4189 from the secondary insurance market as of 1 October.
Royal Liver implements transfer pricing scheme with ALG Software
UK financial services provider, Royal Liver, has implemented a transfer pricing system as part of its activity-based management project with ALG Software.
Brown appointed head of IR at Alea
Alea Group has appointed Peter Brown as manager of investor relations. Mr. Brown will be based in London and will report to Amanda Atkins, group chief financial officer.
Polaris UK and Sirius agree imarket integration
Polaris UK and Sirius Financial Systems have agreed imarket integration terms that will allow broker...