News
Terra Nova hit by catastrophe and closure cost losses
Terra Nova has reported a net loss of $35m for 1999 as a result of heavy catastrophe losses and the c...
Royal London confirms £1.5bn bid for UAG
Mutual Royal London this morning confirmed its £1.5bn agreed bid for insurer United Assurance Group. ...
4000 jobs to go in UK as CGNU is born
The boards of CGU and Norwich Union this morning confirmed the merger of the two companies to create ...
Royal London and United Assurance talks
United Assurance Group has confirmed it is in talks with mutual life and pensions group Royal London ...
UK giants merge
UK insurers CGU and Norwich Union have announced they are to merge. The new company, CGNU, will be th...
Norwich Union and CGU merger talks
Norwich Union and CGU are reported to be in talks over a possible merger which would create the UK's ...
Life business up but individual pension sales down says ABI
New life, pension and collectible investment business written by members of the Association of Britis...
Cullen goes at Prudential
Prudential's finance director Les Cullen - who only joined the company in September - has resigned an...
Ren Re authorises share repurchase
Renaissance Re has authorised an additional share repurchase programme to buy back $25m of its shares...
Gerling to set up US ocean marine division
Gerling Global Re of America (GGRCA) is to establish an ocean marine underwriting division. The com...
S&P downgrades CNA Re
Rating agency Standard & Poor's (S&P) has lowered CNA Re's counterparty and financial strength rating...
Calls for ombudsman changes.
There have been calls for radical changes to the remit of the financial services ombudsman. They ...
CILA under fire over networks.
The Chartered Institute of Loss Adjusters has been been condemned for failing to address the issue o...
PIA suspends firm.
The Personal Investment Authority has suspended Grosvenor Employee Benefits of Swindon. The interven...
Appointment at Association of British Insurers.
Stephen Sklaroff has been made deputy director general and head of public and international affairs ...
Appointment at Smart & Cook.
Neil Thornton has been made branch director of Smart & Cook's head office in Harrogate. Previously h...
Cash for questions.
The City's finest minds will be gathering tonight at law firm Clifford Chance's annual quiz challeng...
Division's £138m.
Canada Life's IFA division helped boost results by 24.2% to £138.1m. It saw individual sales shoot u...
Pet unleashed.
Devitt Insurance Services is to add pet cover to its travel policies following the revoking of quara...
Choice of Medisure.
Private medical schemes provider Medisure has selected the Agresso business information system to pr...
Finding the right tools for the job.
Alternative risk transfer is an area that is growing all the time, yet David Chancellor discovers that recruiting the right staff means looking away from traditional insurance skills.
Aachen office shuts.
Following Generali's acquisition of Aachen & Munich Group in 1998, Aachen's London office will close...
Cigna's cure for sick leave.
Health insurer Cigna demonstrated its commitment to the issue of rehabilitation with the launch toda...
Quincy picks Rebus for IT.
Quincy Mutual, a US insurer new to the London market, has chosen software specialist Rebus Insurance...