News
RBSI claims Direct Line/Churchill integration complete
Royal Bank of Scotland Insurance has announced the integration of the Direct Line and Churchill businesses has been successfully completed.
Moody’s doubts P/C rating action over Katrina
Moody's Investors Service has stated that despite the apparent severity of Hurricane Katrina, it does not anticipate taking extensive rating actions on property & casualty insurers.
Broker Drakefield appoints new chairman and FD
Broker Drakefield Insurance Services, has made two new board appointments. Bob Morton has joined as non-executive director and M.E.Barry has been appointed finance director.
London Market Faculty makes contract certainty move
A new Certificate from the Chartered Insurance Institute (CII) has been launched to help individuals and organisations meet the FSA’s contract certainty challenge.
RSA publishes guide to The Courts Act
Royal & SunAlliance has published management guidelines to assist businesses in addressing the changes in legislation to personal injury claims.
Cox splits underwriting between volume and specialist lines
Cox Insurance Holdings has appointed John Josiah and Keith Charlton as joint active underwriters of Equity Red Star – Lloyd’s Syndicate 218 – from 1 January 2006. Ray White, the current active underwriter, will continue with the group as underwriting…
S&P puts Alea on credit watch
Alea has been placed on creditwatch by Standard & Poor's. The troubled insurer and reinsurer yesterday announced it was planning a $210m equity rights issue to stem the tide of reserve calls from its US casualty underwriting.
Brit takes on Barclays chief
Brit Insurance Holdings has recruited Kathy Lisson as its chief operating officer.
$20bn Katrina to cost Swiss Re $500m
Swiss Re has estimated its claims for Hurricane Katrina will be in the range of $500m before tax. Swiss Re expects Hurricane Katrina to cost the insurance industry in the region of $20bn billion, making it the most costly hurricane after Hurricane Andrew…
Broker Network buys out member
The Broker Network, the network of independent community insurance brokers, has acquired the goodwill and asset purchase of member Whitehouse Woodall Reeves general insurance brokers, of Birmingham.
Zurich sells CMGL
Zurich Financial Services Group has sold its 100% of the share capital of Claims Management Group Limited (CMGL) to Sovereign Capital Partners LLP and the management of CMGL.
SMEs risking fines for poor fleet management
According to a major new piece of research, two-thirds (66%) of SMEs do not check that employee-owned cars used for business trips are properly maintained and insured, despite their legal responsibility for the state of those vehicles.
Know your agency: Jon Gregory Insurance Recruitment
Understanding the specialisms of recruitment consultants is important. Proprietor Jon Gregory gives the lowdown on Jon Gregory Insurance Recruitment
Charity campaign for trustees is launched
A campaign has been launched to get more employees in the financial services sector to become truste...
80% see stress as an "excuse"
According to a management report, almost 80% of bosses believe staff use stress as an "excuse" for a...
What the papers said this week
Daily Mail What motorists do for a living plays a big part in determining how much they pay for mot...
Katrina: "wishy washy" info
UK insurers with large international energy exposures in the Gulf of Mexico could be hit, following ...
Appointment at Markel
Markel has promoted Mark Warrilow to head its crime book of business within the company's specialty ...
FSA takes corrective action
The Financial Services Authority has taken corrective action against 130 firms, including a number o...
Allianz Cornhill Schemes secures business wins
Allianz Cornhill Schemes has secured two new business wins. The company, which provides insurance sc...
London Market moves closer to certainty
The London Market will finally have access to a guidebook on contract certainty this month. The Llo...
Aon looks to Malta to enhance captive share
Broking giant Aon has set its sights on Malta to boost its share of the captive market. Aon has pla...
Composites get solo FSA check-ups
Composite intermediaries will be spared a series of arduous compliance inspections, as they can expe...
Appointment at Royal and Sun Alliance
Royal and Sun Alliance has appointed Norwich Union's head of direct pricing, Nathan Williams, as und...