News
EPL essential in face of rising tribunal cases
Businesses have been told they face "massive" financial exposures unless they put an insurance strat...
Medicash marketing boost
Health cash plan provider Medicash has launched an outdoor advertising campaign in the Northwest as part of a regionalised strategy to boost membership and encourage renewals.
Towergate acquires military specialist
Towergate has announced the acquisition of military insurance specialist Forces Direct, as part of its plan to double the group’s size over the next two years.
A M Best raises Lloyd's rating
A.M. Best has upgraded the financial strength rating of Lloyd's to A (Excellent) from A- (Excellent). At the same time, A.M. Best has assigned an issuer credit rating of "a" to Lloyd's. The outlook is stable.
Hannover Re announces half-year profit
Hannover Re has announced that it is ‘highly satisfied’ with its results for the first half of 2004.
AWAC expands New York office
Allied World Assurance Holdings has announced that its subsidiary, Allied World Assurance Company US (AWAC US), has expanded the capabilities of its New York office to underwrite excess liability and errors and omissions coverages.
RSA: International business results
Royal & Sun Alliance's Scandinavian operation produced a COR of 92.9% in the first half of the year, nearly 4 points better than the first half of 2003, mainly the company said due to better commercial lines performance.
RSA: liabilities - the latest position
Royal & Sun Alliance provided an update on its business transformation plan — and its outstanding liabilities — as part of its interim results. The group claimed it had made significant progress this year in restructuring operations through disposal,…
Aon to pay damages to Pinnacle
USP Strategies, a Pinnacle Insurance Holdings plc company, has been awarded significant damages and indemnity costs from Aon Warranty Group by a High Court judge.
RSA records a net loss of £83m
Royal & Sun Alliance Insurance Group has posted afirst-half net loss after it sold assets to bolster capital and lost money on investments. The net loss was £83m compared to a restated profit of £97m in the same period a year-earlier.
RSA: UK general insurance interim results
Royal & Sun Alliance's general insurance business has recorded a first half profit of £277m (2003:£338m) with a COR of 99.7% (2003: 99.3%), including the US result. The UK operation had a combined ratio of 93.6% (2003: 97.1%).
Syndicate ratings boosted by A M Best
Following Lloyd's improved rating from A M Best the agency has taken various rating actions on a number of syndicates.
NU set to boost personal rates
Profits from Aviva's general insurance business jumped almost 50% from £387m to £613m in the first s...
Appointment at Thompson Heath and Bond
Jane Joslin has become director at the Thompson Heath and Bond board. Ms Joslin joined in 2002 as gr...
NU in two-year motor wait
Norwich Union may wait until 2006 before making its pay-as-you-drive motor product available to the ...
The St Paul Travelers announces loss
Merged US insurer The St Paul Travelers announced a second-quarter loss of $275m (£151m), compared t...
Talbot Underwriting appoints chief operating officer
Lloyd's insurer Talbot Underwriting has appointed Gilles Bonvarlet to the newly created position of ...
Appointment at AE Taylor Insurance
Manchester-based AE Taylor Insurance has appointed Justin Holder as an account handler in its commer...
Appointment at Lockton Risk Services
US-based Lockton Risk Services, a subsidiary of Lockton Companies, has made Kirke Dorweiler executiv...
Capita signs up new insurer
Capita Insurance Services has signed a rolling contact with Evolution Underwriting for an outsourced...
Aspen Insurance Holdings announces net income
Aspen Insurance Holdings has announced net income of $80.9m (£44m) for the second quarter of 2004. T...
ABI warning over fraud proposal
The Association of British Insurers this week warned the government that its proposal for a single o...
Cross-industry talks to address Greenaway D-Day
A great deal of work still needs to be done and money spent in order for the insurance industry to c...
Berkshire Hathaway contributes to pre-tax gain
Insurance operations at Warren Buffett's investment giant Berkshire Hathaway contributed a pre-tax u...