News
Weathering the market.
The reinsurance cycle is changing. Rates increased during 2001 renewals, despite overcapacity. However, it is unclear for the moment how hard the market is likely to get. Jeremy Mather believes rates will not follow tradition.
What the Papers Say.
Daily Mail A convicted robber, who has already received £30,000 compensation for injuring his bac...
Chaucer to raise capital for losses.
Lloyd's underwriter Chaucer Holdings, which recorded a £3.2m loss in 2000 compared to £1.1m in 1999,...
Source of IT deal.
Churchill Insurance's claims settlement division has signed a deal with The Source for the provision...
A Mutual review.
Hertfordshire-based National Mutual is to review its mutual status and has appointed investment bank...
Allied Dunbar puts agents to the test.
Allied Dunbar this week denied it planned to slim down its direct salesforce, despite the wholesale ...
Death of the salesman?
Pressures of cost and competition have forced the man from the Pru to hang up his hat and lay down h...
Appointment at Town and Country.
Motor claims processing specialist Town & Country Assistance has recruited Andrew Round as business ...
Cornish takeover.
Cornish Insurance Intermediary William Rogers Insurance Brokers has acquired Lizard-based Lawsons, w...
Appointment at Taylor Nelson Sofres.
Tony Anderson has been appointed e-commerce director for Taylor Nelson Sofres. In this newly-created...
Online ISA team.
National IFA Inter-Alliance has teamed up with Royal & Sun Alliance Investments to allow investors t...
Insurers get the minimum.
Life insurers received a boost last week from Chancellor Gordon Brown's Budget, with the government ...
AIG: business cover.
AIG Europe has launched Financial Protector, a package designed to protect private businesses and th...
Patis & Co to float after acquisition.
London broker Patis and Company is to float, following the acquisition of Bray Wintour. The newly-me...
Argent swoops on John Dale portfolios.
Cox subsidiary Argent Insurance has acquired the business of Newark broker John Dale Insurance, unde...
BLG: new partner.
Leading City insurance law firm Barlow, Lyde & Gilbert has elected a new senior partner. Richard Ded...
Farmyard liability.
Tom Dowling (by his father and litigation friend John Dowling) v (1) Bowmans Farms (2) London Borough Of Barnet. Queens Bench Division; 22 January 2001.
In need of repair.
There has been a loss of confidence in repairer networks over the last year. However insurers are working to rebuild the reputation of what they believe is a valuable service for customers. Veronica Cowan reports.
Paper chase.
Several insurers have suffered at the hands of the press recently. But can you believe everything you read in the papers? asks Rachel Gordon.
Breach of contract fails to build case.
Gan Insurance v Tai Ping Insurance; Queens Bench Commercial Court; 8 February 2001.
Blackmore enters AF fold.
Alfred Blackmore is set to be rebranded, following its £25.3m takeover by acquisitive South African ...
Pru alone in US charge.
Prudential's £14.2bn acquisition of American General is unlikely to start a charge by other UK insur...
Cracking down on fraud.
The increase in weather related claims - estimated to have cost insurers £700m last autumn - also increases the opportunity for fraudulent claims. Anthony Gould explains why and how Post Magazine has joined up with Weathernet to help the industry crack…
Hiscox has a gas.
Insurer Hiscox will lead the reinsurance of a new liquefied natural gas plant to be constructed in B...