News
Brokers celebrate at Insurance Age Awards
Brokers across the UK are celebrating their success after the 12th Insurance Age Awards which took place in London at The Brewery last Friday.
US insurers react angrily to Katrina law suits
The National Association of Mutual Insurance Companies (NAMIC) has issued a statement in reaction to lawsuits being brought by Mississippi Attorney General Jim Hood against insurance companies handling claims related to Hurricane Katrina. The statement…
Chaucer predicts 10% rate increases
Lloyd's insurer Chaucer has reported an increase of 19% in gross written premium to £263.3m and a profit before tax increase of 79% to £35.8m, for the first half of 2005.
Heath Lambert appoints chief executive
Broker Heath Lambert has appointed Mark Hardinge as Chief Executive of the Group’s Financial and Professional Risks operation.
Beachcroft Wansbroughs launches Treating Customers Fairly service
Beachcroft Wansbroughs, the commercial law firm, has introduced a ‘Treating Customers Fairly’ service to its Financial Services Division.
SVB moves out of the red
Lloyd’s insurer SVB this morning reported an interim profits before tax of £27.7m (H1 2004: £120.1m loss).
AM Best issues ratings alert after Katrina
Due to the evolving effects of Hurricane Katrina, AM Best has been aggregating public and private information in order to assess the financial impact it will have on insurers. AM Best expects all rated companies will be able to meet their current loss…
Teceris appoints new partner
Teceris, the high end loss adjusting expert has appointed Jack Chisholm as a Partner and head of the construction and engineering team. Jack will be responsible for bringing increased scale to Teceris’ business sector.
AM Best maintains Lloyd's rating
A.M. Best has hinted at greater leniency towards Lloyd's and has opted to maintain its financial strength rating despite potential losses from Hurricane Katrina.The rating agency said in a statement today it expects all rated companies will be able to…
Spitzer indicts eight former Marsh managers
New York Attorney General Eliot Spitzer and State Insurance Superintendent Howard Mills have announced the indictment of eight former executives of America’s leading insurance brokerage firm for their roles in an alleged massive bid rigging scheme that…
RSA appoints claims supply chain director
Royal & SunAlliance has appointed Nigel Fleet as its new claims supply chain director. Mr Fleet has a thorough background in the insurance industry, including roles within Prudential and AXA.
Goshawk first half profits wiped out by 2004 hurricane season
Goshawk has announced a net loss of $500 000, a fall of more than $9m on its first half performance in 2004. The insurer, which now earns its premium from Bermuda-based Rosemont Re after placing Lloyd's syndicate 102 into run-off said rising losses from…
Nelson exhibition to be unveiled at Lloyd's
Lloyd’s will tonight unveil a unique exhibition showcasing a range of Lord Nelson artefacts never before seen by the public.
Fraud prevention slammed
The industry’s methods of identifying fraudsters have been called into question by research.
Post Magazine victorious at ABI Financial Media Awards again
Post Magazine deputy editor Lynn Rouse was voted general insurance trade journalist of the year at the Association of British Insurers awards last night for the second year in a row.
Broker recruits on air
Broker Carole Nash Insurance has launched a £20,000 advertising campaign on North-west regional radi...
Flexitime key to staff retention
Flexi-working could be the key to improving employee recruitment and retention for small to medium-s...
Path to success: Employers' Liability Underwriting
James Andlaw, employers' liability underwriter at Zurich Global Corporate, reflects on his career to date
Appointment at Argent Liability Adjusters
Argent Liability Adjusters has made Tony Wadey, the former GAB Robins liability director, a director...
Adverts draw industry's wrath
A raft of complaints against an insurance advert that portrays call centres in bad light has been re...
Events
19-20 September - Institute of Risk Management risk forum, Keele University. Tel: 020 7709 9808, E-m...
Early estimators on Katrina are "regretting it"
Hurricane Katrina Aftermath
Start-up agrees deal for Overseas Partners Re
Bermuda-based run off start-up Catalina Holdings has agreed a $170.5m (£93.6m) deal to acquire Overs...
Lloyd's sticks to guns despite game changing
Hurricane Katrina Aftermath