News
Crawford acquires trio of adjusters
Crawford & Company has acquired French adjusters Cabinet Mayoussier, Cabinet Tricaud and TMA.
PartnerRe appoints Renggli
Bermuda-based PartnerRe has appointed Thomas Renggli as the head of finite reinsurance, global.
Zurich appoints UK GI head
Zurich Financial Services Group has, subject to regulatory approval, appointed Ian Stuart as CEO of UK General Insurance Business, reporting to Axel P Lehmann, CEO Europe Personal and Business.
Swiss Re completes Admin Re purchase
Swiss Re has completed its previously announced Admin Re acquisition of CNA Financial Corp.’s individual life insurance business for approximately $700m.
Cross steps-up at Aon's captive arm
Stephen Cross has been appointed to the position ofchief executive officer of Aon Captive Services Group (ACSG), Aon's captive management and risk finance consulting operations.
CII claims Certificate in Insurance exams success
The Chartered Insurance Institute (CII)'s Certificate in Insurance examinations, held for the first time in April, have been an instant success with candidates achieving a near 100% pass rate in two of the six subjects and an average 80% pass rate…
FSA sends out minded to authorise letters as mortgage deadline looms
he Financial Services Authority has started to send out minded to authorise letters to firms conducting mortgage or general insurance business. The first MTA dispatch consisted of more than 1000 letters — although the majority relate to mortgages.
MMA joins Lloyds TSB panel
Intermediary-only insurer MMA is to join the household panel of Lloyds TSB Insurance with effect from 1 May.
Hiscox announcement on WTC jury verdict
The jury in Phase I of the Silverstein/WTC coverage trial returned a verdict yesterday, Thursday 29th April 2004.
Goshawk consigned to history in rebranding
Goshawk has rebranded its Bermuda based reinsurance subsidiary, Goshawk Re, as Rosemont Reinsurance with effect from today.
Partial verdict in WTC trial
After almost ten days of deliberations the jury in the ongoing World Trade Centre (WTC) trial has delivered a partial verdict on the case.
Highway and Cox shares slide
Shares in Highway Insurance Holdings slipped 4 pence this morning in the wake of the announcement of the termination of take-over talks with Cox.
New look for Groupama launched
Groupama Insurances will adopt a brand new logo and corporate style from 1 May.
Lloyd's: FSA confirms prudential demands
The FSA today finally confirmed its proposed new rules on how much capital Lloyd's insurers will need to set aside to write new busines, due to come into force at the end of this year.
XL Lloyd's chief quits
XL Capital's London Market chief executive officer, Nicholas J Metcalf, has resigned from the company to pursue other business interests.
Cox pulls out of Highway takeover talks
Shares of Highway Insurance Holdings fell by as much as 10% after Cox Insurance Holdings said talks to buy the motor insurer had ended because it wasn't in the "best interests" of Cox's shareholders.
NU switches on electronics solution
Norwich Union has launched a guide to the electronics sector aimed at brokers.
Chaucer takes on Zurich specialist healthcare trio
Chaucer Syndicates has recruited Nigel Malcolm from Zurich Specialities to underwrite its institutional healthcare account on Syndicate 1084.
Highway issues Cox statement
The Board of Directors of Highway has issued a statement in which it says it has concluded that a transaction with Cox Insurance Holdings would not be in the best interests of its shareholders. "Asa consequence" it said "discussions with Cox have been…
Swinton profits increase to over £15m
High street broker Swinton has announced profits before tax of £15.1m for the year ending December 31st 2003, against £4.8m in 2002, a rise of 215%.
Towergate earmarks £45m for acquisition programme
Towergate has raised £85 million financing facilities including a £45 million war chest for its acquisition programme from RBS, Lloyds TSB and Barclays.
SMEs have fewer flexible benefits
Employees of small and medium-sized companies are not reaping the benefits of the flexible working d...
Motaquote's training initiative up for award
Winners and Losers: Post Magazine's monthly round-up of job cuts and gains
S&P rates RGA
Standard & Poor's Ratings Services (S&P) has assigned its AA- (very strong) counterparty credit and financial strength ratings to RGA International Reinsurance. The outlook is stable.