News
Burrows moves to CMGL from Capita
The Claims Management Group (CMGL) has appointed Mike Burrows as business development executive for its London Market Division.
Omega welcomes Hardy deadline, claims to have shareholder support in principle
Omega has responded to the ‘put up or shut up’ deadline by the Takeover Panel by admitting it is still holding “informative and positive dialogue with Hardy shareholders”.
GAB Robins issues first adjuster statement since attacks
GAB Robins - the nominated adjuster for Transport for London - has said it activated its Disaster Plan as a result of the shocking events on Thursday 7 July.
Regulator tells Omega to 'put up or shut up' over Hardy approach
Lloyd’s insurer Omega has been given just over a fortnight to either ‘put up or shut up’ with regards to its proposed acquisition of larger rival Hardy.
Moody’s pulls financial strength rating for Sompo Japan
Moody's has announced that it has withdrawn the Insurance Financial Strength Rating (IFSR) of Sompo Japan Financial Guarantee Insurance (SJFG).
Hiscox disposes of shareholding
Lloyd’s insurer Hiscox this morning announced that its subsidiary, Hiscox Insurance Company (Guernsey), has disposed of a 49 per cent interest in Heritage Group.
Industry bodies combine to push brokers on MID
The Motor Insurers' Bureau has joined forces with BIBA, IIB and the ABI in urging brokers to supply policy information to insurers more quickly. A new form has been devised to assist manual business brokers in gathering key policy details for the Motor…
AIR releases first estimate of Dennis damage
AIR Worldwide has announced that it estimates insured losses in the United States from Hurricane Dennis will be between $1bn to $2.5bn.
Lord Hunt steps down in Beachcroft shake-up
Simon Hodson has been appointed senior partner elect of Beachcroft Wansbroughs, following David Hunt's decision to stand down after ten years. Currently head of the Commercial Division, Mr Hodson will formally begin his tenure on 1 August2005.
Chubb Europe unveils speciality lines boss
Stephen Blasina has been appointed to the position of manager, Chubb Specialty Division in Europe.
London blast to claim at least 50 lives
The London bombs yesterday morning are expected to claim at least 50 lives, the head of the Metropolitan Police has said today. Sir Ian Blair said there were a number of bodies still in the underground train near Russell Square station but that the final…
RSA receives welcome ratings boost
Fitch Ratings has upgraded the Insurer Financial Strength rating of Royal & Sun Alliance Insurance to 'BBB+' from 'BBB' and the Long-term rating to 'BBB' to from 'BB+'. The rating Outlook is Stable.
Hurricane Dennis threatens US
Hurricane Dennis has been upgraded to a Category Four hurricane as it approaches the Gulf of Mexico.
QBE says London terror losses "relatively small"
In response to a number of enquiries following the London terrorist attacks, QBE's CEO, Mr Frank O'Halloran, issued the following statement:
Bonneau appointed CEO of Ace Tempest Re
Jacques Bonneau has been named president and chief executive officer of ACE Tempest Re Group, while James Wixtead will fill his previous position as CEO of ACE Tempest Re USA.
Pool Re in discussion with Treasury over claims
Pool Re, the government-backed mutual reinsurer for UK terrorism risks, has said it is too early to discuss the level of claims arising from yesterday’s London bomb blasts.
London blasts: ABI response
The Association of British Insurers has issued a statement to say the industry will deal with any claims following this mornings attacks in London as quickly and sympathetically as possible.
Over 30 die as London hit by blasts
Three explosions on the London Underground - killing 33 people - and one double decker bus - with unknown deaths - temporarily paralysed the city of London this morning. There are also many hundreds of casualties. A co-ordinated terrorist attack is…
Axa chief speaks about London blast implications
The chief executive of Axa reinsurance subsidiary Axa Cessions has spoken about the potential impact of this morning’s suspected terrorist attacks in London.
AM Best rates Alliance Re
AM Best has affirmed the financial strength rating of B++ (Very Good) and assigned an issuer credit rating of “bbb” to Alliance International Reinsurance Public Company (Alliance Re) (Cyprus). The outlook for both ratings is stable.
Moody’s reviews Allianz Cornhill ratings
Moody's has placed the A2 insurance financial strength rating at Allianz Cornhill Insurance (AZC) under review for possible upgrade. The rating review is expected to complete within the next three months.
Know your agency - Austin Benn
Understanding the services and specialisms of recruitment consultants is important. Divisional manager for insurance and financial services Matt Hesketh gives the lowdown on Austin Benn
Aon creates 120 jobs with PO call centre
Aon formally opened a new call centre in Leicester last week - creating 120 jobs - to handle and pro...
UK insurers struggle with staff retention
Insurance companies are struggling to hold onto their employees, despite the frequency and value of ...