News
Atrium planning up to 20% capacity reduction
Lloyd's insurer Atrium is giving its trading update this afternoon, and has confirmed a reduction in capacity for 2006.
Chaucer announces bid for Syndicate 1084
Chaucer Holdings has announced an offer by ALIT (No. 1), a wholly owned subsidiary, to acquire the balance of £7.9m of capacity on Syndicate 1084, which Chaucer does not already own. The Offer is in respect of capacity for 2006 onwards and does not…
NIG highlights broker consolidation in Leeds
Consolidation among brokers in Leeds and Yorkshire generally is further evidence of a growing national trend, according to David Grant, NIG’s Director of Marketing and Compliance.
Hardy rejects Omega approach as talks collapse
Hardy Underwriting's talks with Omega over a proposed take over the business have collapsed, the Lloyd's insurer said, citing Omega's failure to increase its offer as the main reason.
US Treasury issues TRIA comments
The US Treasury has released a new report on the Terrorism Risk Insurance Act (TRIA) that does not support its extension beyond the December 31 2005 deadline without significant amendments.
CII seeks young general insurance professional
The hunt is on for the 2005 Sheikh Abdullah Foundation Young General Insurance Professional of the Year, with £3,000 up for grabs.
Pension problems prompt regulator to issue new code
The Pensions Regulator has issued its code of practice on Notifiable Events - following situations including the application by broker Heath Lambert to hand over its crippled pension fund.
Vega makes Essex office expansion move
Essex-based Parkwood Sinclair Insurance Brokers, part of the Vega Group, recently celebrated its move to new and larger offices in Billericay.
Local authorities express fraud worries
Local authorities feel they are facing an increase in fraudulent insurance claims according to new research released today by Zurich Municipal.
AM Best affirms Mapfre Re ratings
AM Best has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of "a" of the US-based Mapfre Reinsurance Corporation (Mapfre Reinsurance). Both ratings have a stable outlook.
L and G strikes major household distribution deal
Legal and General General Insurance has been chosen by John Charcol, the mortgage broker, to be the sole-provider of household and buy-to-let insurance cover.
Marsh targets SMEs with new division
Broker Marsh has created a new division, the Risk Trading Practice, to focus on the risk and insurance needs of small and medium sized companies. It has appointed Ron Hayes as executive director to lead the new arm.
Winners and Losers: Post Magazine's monthly round-up of job cuts and gains
WINNERS Heath Lambert admits its position prior to closing its pension fund was so precarious that ...
Money sense
President of the Institute of Financial Services Ron Sandler congratulated students from schools inc...
Thatcham gets cash injection
Thatcham's apprentice training programme has been awarded interim Centre of Vocational Excellence st...
M&As could mean more redundancies
The potential threat of further redundancies in the financial services sector, as a result of merger...
Kwik-Fit sale: no effect on growth
Broker Kwik-Fit looks set to continue its growth plans, despite being sold by parent company CVC Cap...
Cox acquisition leaps final hurdle
Neil Utley's three-year quest to buy Cox Insurance jumped the final hurdle this week when compulsory...
Westminster group vows to direct Claims Bill
Action to curb the rising cost of compensation is top of the agenda for the All Party Parliamentary ...
AMG slashes rental costs
Loss adjuster Ashworth Mairs Group is aiming to save insurers 31% of alternative accommodation costs...
New joint venture already recruiting and competing
Loss adjusters McLarens Young International and Quest Gates have set up a new joint venture to tende...
Penny Black's insurance week
Penny is off to the Alarm conference in Manchester this year and has been advised to put in some tra...
Appointment cards
Distributed to the patients from various departments in the hospital but predominately from outpatie...
Signet launches insurance card
Retail giant Signet has launched a new plastic card for insurance claims with the Royal Bank of Scot...