News
Contractsure looks to branch out
Construction insurance broker Contractsure is looking to branch out after gaining provisional accred...
Appointment at Heath Lambert
Heath Lambert Group has made Debra Lee-Moore divisional director, internal risk management for its L...
FarmWeb records £30m harvest
Results
The Medical Defence Union appoints head of claims-handling team
The Medical Defence Union, the largest indemnifier of the UK's doctors, has made Jill Harding head o...
Broker investor to seal six deals
Venture capitalist 3i is looking to increase its insurance portfolio with investments in six additio...
Through the internet maze with Richard Griffiths
This website is particularly well thought out and it succeeds on two levels. First, it looks great. ...
Lloyd's welcomes Budget announcement
Lloyd's chairman Lord Levene welcomed today's Budget announcement concerning legislation to remove tax barriers to individual members converting to limited liability.
GE Global Insurance aims for SEC de-listing
GE Global Insurance Holding Corporation (GE Global), the holding corporation for GE Employers Reinsurance Corporation (ERC), has submitted filings to the Securities and Exchange Commission (SEC) to begin the process of ceasing its SEC reporting…
XL Capital to raise $75 million in new capital
XL Capital says it plans to raise approximately $750,000,000 in capital from an offering of equity security units. As part of the transaction, XL expects to offer approximately 30 million equity security units with a stated amount of $25 per unit. It…
Cox delivers increased profits
Cox Insurance Holdings, which is currently involved in an offer for Highway. has posted pre-tax profits of £52.1m for 2003 compared to a profit of £42.7m the previous year.
NU extends online offering for brokers
Norwich Union is set to add private motor new business functionality to its online trading solution for brokers.
Catlin float valued at £660m
Catlin Group today set an indicative price range of between 350 pence and 420 pence per common share for the group’s flotation, valuing the group at between £560m- £664m following the completion of the offering.
Insurance premium tax frozen as Brown delivers 2004 Budget
Chancellor Gordon Brown has frozen insurance premium tax in the 2004 budget, despite expectations he would make an increase to take advantage of rising rates.
Contractsure receives provisional Lloyd's accreditation
Construction insurance specialist Contractsure has received provisional Lloyd’s accreditation.
Markel boss gives Lloyd's a 'still could do better' report
Tony Markel, president and CEO of Markel Corporation says he is encouraged by progress at Lloyd's, particularly by the Franchise Board, but still considers there is much to be done and a softening of rates now would be “unbelievably premature".
Listed broker reports 104% increase in profit
AIM-listed Community Broking Group has reported a 31% jump in turnover from £1..5m to (2002: £1.12m), and a 104% increase in profit to £214 000 (2002: £105 000) for the 12 months ending 31 December 2003.
Harding takes over claims at MDU
Jill Harding has been appointed as head of claims at the Medical Defence Union.
Benfield posts increased trading results
Reinsurance intermediary Benfield Group Limited, today announced its preliminary results for the year ended 31 December 2003.
NAIC battles fake insurance
The National Association of Insurance Commissioners (NAIC) is launching a new campaign to help consumers identify unauthorised insurance activity in the US.
Axa boosts personal lines team
Axa has appointed Keith Hector as national development manager personal lines intermediary, with effect from today. He will assume direct responsibility for the Axa’s personal lines intermediary account manager team, reporting directly into Mike Keating,…
MMA head reaffirms commitment to UK
During a visit to the UK earlier today, Jean-Claude Seys, chairman and chief executive officer of French Mutual MMA-MAAF, confirmed the group’s commitment to the UK.
ABI confirms revamped motor database will be ready mid-year
The Association of British Insurers said it expects its revamped motor insurance industry database to be operational by mid 2004.
Alea profits hit new high, chairman predicts rates will hold
Bermuda-based insurer Alea Holdings has announced record operating earnings for the year ended 31 December 2003, operating profit based on longer-term investment return up by 274% to $80.8 million (£44.61m).
Suffolk Broker in MBO
LRMS Insurance Services, the Suffolk based livestock and bloodstock broker, has been bought by its management. The acquisition follows majority shareholder Emma Stamper’s decision to sell LRMS in order to concentrate on expanding her successful Crowe…