News
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…
InsurE-com and Acturis end service agreement
InsurE-com and Acturis have finally confirmed that they are to terminate their service agreement on the integration of insurE-com's personal lines rating engine with effect from October 2004.
Lee-Moore joins Heath Lambert
Heath Lambert has announced that Debra Lee-Moore has been appointed a divisional director of internal risk management at the company’s London office.
Cox in talks to acquire Highway
The board of directors of Highway have confirmed that they are in discusssions with Cox Insurance Holdings that may led to a "recommended all share offer being made by Cox for the company".
Peignet promoted at Scor
French reinsurer Scor has announced that Victor Peignet has been appointed managing director of its large corporate accounts division and will become a member of the group executive committee.
Tough new asbestos laws imminent
Businesses will soon face tough new Government legislation on monitoring asbestos material in their buildings.
City still unsure of FSA
The status of the Financial Services Authority among City staff is rising but still showing scope for further improvement, according to a survey by Wide Learning, which provides e-learning used to train many City staff on FSA regulated legislations.
Fortis' insurance operations swing back into profit
Financial services group Fortis has posted net profits of 2197m euros (£1.5bn), an increase of 532m euros for the year ending 2003.
Helphire moves into new Bath headquarters
Credit hire provider Helphire Group has started moving staff into its new headquarters, the former Ministry of Defence site in the centre of Bath, following a £5million refurbishment.
Benfield enjoys US$54 million windfall from Montpelier Re sale
Benfield Group has undertaken an irrevocable agreement to sell its holdings of warrants with entitlement to 2,390,785 common shares in Montpelier Re. The transaction will complete on 15 March 2004.
Heath Lambert in offshoring deal
Heath Lambert Group is offering protection for outsourced call centres in areas such as India.
Aspen unveils new underwriting team
Bermuda-based Aspen Insurance has announced that five new property reinsurance specialists have joined subsidiary Aspen Re America.
Hiscox is one of the best
Hiscox has been ranked as the top financial services company to work for, according to the annual Su...
Path to success: Customer Management
Alan Thompson is manager of the customer management practice for Royal & Sun Alliance Commercial's risk solutions division and reflects on his career to date*
NU looks to apprentice staff
Norwich Union looks set to build on the recruitment of a trio of apprentices by employing further st...
Typhoon season will be similar to last year says research centre
Inhabitants of the Far East and southeast Asia should prepare themselves for a typhoon season similar to last year, leading weather experts say, according to think tank Tropical Storm Risk.
New medical malpractice team at Miller
Miller Insurance Services today announced the arrival of a new medical malpractice and professional liabilities team. The five-strong unit is a joint venture between Lloyd’s broker Claytons and consulting actuaries Dion Durrell.
Heath Lambert lands 'diamonique' deal with QVC
Heath Lambert Group, the independent insurance broker, has been appointed insurance and risk management advisor to QVC UK.
PXRE reorganizes operations
Bermuda-based PXRE has carried out a reorganization of its underwriting and support organisations. According to the company there will be a 10% staff reduction and it hopes to achieve annual cost savings of $4m.
Heath Lambert sells Australian business to Marsh
Broker Heath Lambert has announced that it has sold Heath Lambert Australia, based in Sydney, to Marsh.
RSA posts fourth consecutive annual loss
Royal & SunAlliance today reported a loss of £382m for the 12 months ended 31 December 2002 (2002: £871m).