News
Cooper Gay opens Chile office
Cooper Gay has opened an office in Santiago,Chile as part of an ongoing strategy to grow itsinternational presence.
Gales cause insurers to pay out for broken windscreens
This weekend’s major gales have cost insurers over £250,000, according to RAC Auto Windscreens, which reported an increase of 72% in the level of calls taken at its call centre to repair and replace windscreens.
Lloyd's facing slavery claims
A billion dollar damages claim is to be filed at 5pm UK time today, against Lloyd's of London, Fleet Boston, Reynolds Tobacco and the US Government, for their alleged involvement in the Trans-Atlantic slave trade.
Groupama announces first regional key accounts recruit
Groupama Insurances has appointed Louise Austin as key account manager for the north east of England, following the announcement of its new broker distribution strategy last week (Post Magazine, 25 March 2003, P56).
New IUA Compliance Committee is to tackle insurance regulation burden
New demands from the Financial Services Authority are top of the list of regulatory concerns for the London insurance market, according to the Compliance Committee of the International Underwriting Association.
Composite signs up Groupama as risk carrier for BTE legal expenses insurance
Composite Legal Expenses announces that Groupama Insurances is to be its new risk carrier for Before-The-Event legal expenses insurance distributed through insurance brokers and specialist affinity groups.
Credit hire firm seeks listing
Accident Exchange, the Association of British Insurers approved replacement vehicle specialist, is to seek admission to the Alternative Investment Market.
Businesses need to act now to manage asbestos risk, says First Assist
With 3,500 people in Great Britain dying each year from mesothelioma and asbestos related lung cancer, and the number of deaths predicted to grow still further, the government is introducing new plans to control asbestos within the workplace. As the 21st…
Hannover Re Africa rated by S&P
Standard & Poor’s Rating Services (S&P) has assigned a BBB- (good) long-term counterparty credit and insurer financial strength rating to Hannover Reinsurance Africa.
The St Paul and Travelers name the day
The St. Paul Companies and Travelers Property Casualty Corp have received all required regulatory and shareholder approvals for the merger of the companies. The companies intend to close the transaction on April 1, 2004.
Cooper Gay Group opens in Chile
The Cooper Gay Group has announced the opening of a new office in Santiago, Chile, to enable the company to broaden its Latin American presence.
Rubicon recruits for new 200-set call centrre
The Rubicon Corporation has launched a major recruitment drive to bring its new 200-seat call-centre in Tannochside up to full capacity.
Cargo and transit insurer rebrands as Amlin
Angerstein Transit, the specialist cargo insurer is taking on its parent company's name, rebranding as Amlin Transit.
Bahrain makes foreign insurers welcome
The Bahrain Monetary Agency (BMA) has lifted a key restriction on foreign insurance brokers and loss adjusters operating in Bahrain. They are no longer required to have a local partner – earlier regulations required majority Bahraini ownership, of at…
Helphire Group results in line with expectations
Helphire Group has announced that its results for the year ending 31 March 2004 will be in line with management expectations.
Legion Direct joins Towergate
Legion Direct, specialists in regimental commercial insurance packages, have been acquired by Towergate Wilsons, the military insurance division of Towergate Underwriting Group.
Willis Commerical Network reaches milestone
The Willis Commercial Network, a partnership between the Willis Group brokerage and local, independent brokers, has signed up its 60th member – Leicester-based Martin Bown & Co.
London P&I Club sails ahead
The London P&I Club has announced an increase in the size of its entered fleet during the 2004 P&I renewal season.
Incisive taking entries for Gold Standard Awards 2004
Entries are now being accepted for this year’s Gold Standard Awards.
JLT appoints trio from major rivals
JLT Risk Solutions has recruited three senior members to its project finance team from rivals including Aon and Willis.
CII calls for more confidence in industry
Improving confidence among customers, regulators and politicians must be the key issue for both general and life insurers in the year ahead. This is the message 600 delegates at the Chartered Insurance Institute’s (CII) London road show heard yesterday…
Hiscox announce agreement with Guild Claims Service
Hiscox Insurance Company has announced an agreement with the Guild Claims Service following initial results for a pilot initiative to improve its household claims handling.
FSCS to foot £60m in legal costs after failed appeal
The Government's Financial Services Compensation Scheme (FSCS) faces a £60m bill to cover legal costs of corporate policy holders of insolvent insurers, following a decision by the House of Lords to refuse leave to appeal against an earlier Court of…
Fitch publishes report on US P&C
The US property and casualty (P&C) market has seen a second clear year of improvement, according to a new report from Fitch.