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Moody’s cautious about Centre Group
Rating agency Moody's has announced that it has placed the A3 (good) insurance financial strength ratings of operating members of the Centre Group on review for a possible downgrade.
S&P rates new Swiss Re securities
Standard & Poor's Ratings Services (S&P) has assigned an AA (very strong) senior unsecured debt rating to approximately €640m of three-year mandatory convertible securities to be issued by Swiss Re Germany AG or by Swiss Re Treasury in July 2004.
Fortis appoints ex-RSA personal lines head as non-executive director
Fortis Insurance has announced the appointment of Steve Broughton as non-executive director.
New Zurich personal lines boss oversees shake up
Yacht and motorboat insurer Navigators and General has appointed Richard Coleman as its new head.
Chaucer appoints Daniele
Chaucer Holdings has announced the appointment of Christian Daniele as managing director of Chaucer Underwriting, its Europe Division, based in Copenhagen.
Private Health Partnership acquires MLP Insurance Service
The Private Health Partnership(PHP), part of Skipton Building Society group, has acquired MLP Insurance Service(MLP) for an undisclosed sum,
Halifax General appoints new national schemes development manager
Bank of Scotland Commercial Insurance, part of Halifax General Insurance, has announced the appointment of Paul Bishop as national schemes development manager.
New forum agrees need to bolster communication between FSA and compliance firms
A meeting between the Financial Services Authority (FSA) and the vast majority of the UK’s firms of compliance consultants was held last week and resulted in an overwhelming agreement to enhance the professional standing of compliance consultancy firms.
Quincy creditors receive pay promise
Creditors from US underwriter Quincy Mutual Fire Insurance will be paid by the end of the year under a formal scheme drawn up by insolvency firm Begbies Traynor.
Swiss Re adds to Admin Re subsidiary
Swiss Re has announced that it is to acquire the shares of Life Assurance Holding Corporation, including its life insurance subsidiary Windsor Life Assurance, for £333m in cash.
CII launches creditor protection compliance tool
The Chartered Insurance Institute is to launch ‘Creditor Protection’, a compliance tool aimed at minimising potential mis-selling of these popular payment protection plans.
Kwik Fit owner acquires the AA
Private equity firms CVC Capital Partners and Permira have announced the acquisition of motoring organisation AA from Centrica plc for £1.75bn.
Appointment at New Claims Direct
Malcolm Crompton has been appointed general manager of New Claims Direct, the claims management comp...
The ECO set to create reinsurance company
Pakistan, Iran and Turkey, the leading members of the Economic Co-operation Organisation are set to ...
Alea promotes Mark Ricciardelli
Alea has promoted Mark Ricciardelli from group president and chief operating officer to group presid...
QuestGates formally completes deal
Loss adjuster QuestGates has formally completed a deal with McLarens Young International to become w...
Kwik-Fit owner in AA bid
The owner of one of AA Insurance's main broking rivals has emerged as one of the front runners to bu...
Appointment at Devonshire Claims
Services Ingrid Karhammer has joined Devonshire Claims Services' specialty lines division, where she...
Faculty of Claims goes live
The Faculty of Claims, the new forum for the insurance industry's 100,000-strong claims community, w...
Appointment at Bridge Insurance Brokers
Bridge Insurance Brokers has promoted Vaughan Rudd to director and appointed him to the board. Mr Ru...
Appointment at Marsh
Marsh has promoted John Nicholson to the newly created role of managing director of UK regional oper...
Claims Direct stages an insurance comeback
One of the leading claims management brands and former bane of the insurance industry, Claims Direct...
Bric slams insurers over CSR
The Body Repair Industry Campaign has launched a scathing criticism against insurance companies for ...