News
Appointment at Concordia Consultancy
Bengt Wictorsson has become regional associate for Concordia Consultancy's north eastern sector cove...
Insurance directories competition
To commemorate the publication of the Insurance Directory 2004, Post Magazine is pleased to announce...
NAIC launches new campaign
The US National Association of Insurance Commissioners is launching a new campaign to help consumers...
Appointment at InsurE-com
Peter Mroch has become head of sales at InsurE-com. He joins board management and will have responsi...
Capita buys Aon arm
Capita has accquired broking giant Aon's Health Solutions business for an undisclosed sum as part of moves to expand its health-services business.
Fusion boosts underwriting team
Paul Crump has joined Fusion Insurance as property underwriting manager, based in London.
SVB Holdings announces preliminary results for 2003
SVB Holdings has announced its preliminary results for 2003 with operating profit up 190% to £31.6m from £10.9m in 2002.
Waves wash new Sompo product
Sompo Japan Insurance has created what it claims to be Japan’s first weather derivative product against high waves.
Volvo launches low cost motor insurance
Volvo Insurance Services is launching Volvo Fleet Insurance for the truck, bus and coach sectors.
London market faculty launched
Plans for a new London market faculty being launched by the Chartered Insurance Institute (CII) were unveiled today by Insurance Institute of London (IIL) President Derek Thornton.
A.M Best affirms Ascot's A+ syndicate rating
Ascot Underwriting Syndicate 1414 has achieved a rating of A+ (Superior), from A.M Best, "reflecting its support from American Home Assurance Company,excellent expected performance and the excellent profile of the syndicate," according to the ratings…
Cigna International joins forces with Dutch health insurer
Corporate medical insurer Cigna International has signed an alliance with Dutch healthcare insurer CZ.
RenRe completes share offering
Renaissance Re has announced that it has completed its $250m perpetual preferred stock offering.
Walker secures e-commerce role at Standard Life Healthcare
Standard Life Healthcare, has appointed Angie Walker to the new post of e-commerce development manager.
Pinnacle launches FSA training
Pinnacle Insurance has launched a training initiative to provide regulatory and best practice training to brokers and intermediaries who may require support for FSA compliance.
Clock ticking for London Market reform
Business opportunities may be being turned away from the London insurance market because inefficient accounting and settlement processes make it too expensive to service, members of the International Underwriting Association (IUA) have been told.
Beazley profits from increased speciality business
Lloyd's insurer Beazley has announced a profit before tax £17.1m for the 2003 year of account against a loss of £1.2m in 2002.
PCI applauds NAIC over aliens
The Property Casualty Insurers Association of America (PCI) has backed the National Association of Insurance Commissioners’ (NAIC) decision to table consideration of an approved list of alien reinsurers.
Alea appoints new group president
Alea Group Holdings announced today that it has named Mark Ricciardelli as group president and chief operating officer, effective immediately.
Amlin appoints Buchanan to non-exec board
Amlin has appointed Nigel Buchanan to its non-executive board with immediate effect. Mr Buchanan has also joined Amlin's Audit Committee.
S&P criticises new accounting standards
Standard & Poor's Rating Services said in a report published today that it expects notable shortcomings in Phase I of the International Financial Reporting Standards on insurance contracts when it is published at the end of this month.
Silverstein barred from WTC trial
World Trade Centre (WTC) leaseholder Larry Silverstein has been banned from attending the remainder of the ongoing trial over the insurance of the twin towers.
Tesco extends deadline on home insurance discount
Tesco Personal Finance has extended the deadline for a 15% discount on home insurance until 31 July 2004.
SVB acquires trade credit insurance business
SVB Holdings, the specialist insurance and reinsurance group, has acquired the business of Credit Indemnity & Financial Services Ltd (“CIFS”).