News
RMI warns car dealers against the 'appointed rep' route
The new insurance regulations coming into force next year are being used by some vehicle manufacturers as a way to increase control over motor retailers, warns the Retail Motor Industry Federation (RMI).
Atrium predicts underwriting reduction in 2005
Lloyd's insurer Atrium has hinted that its business has hit the peak of the rating cycle.
FSA sets out capital rules for insurers
The Financial Services Authority has published rules for its new risk-based capital regime for insurance companies.
THB helps international training programme
THB Group has been chosen by the National Association of Professional Surplus Lines Offices, an inte...
CII launches new uni
The Chartered Insurance Institute and Cass Business School have teamed up to create an 'insurance un...
Path to success: Contingency Underwriter
Richard Gaunt, contingency underwriter at Markel International, explains his career choice
Careers clinic
For those eager to pursue a career in the insurance industry, our experts give some tips and advice about the best way to seek and grab the best opportunities
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...