News
Hiscox claims takeover insurance will increase
The sharp rise in the number of hostile bids last year is likely to prompt more corporates to seek insurance protection against the cost of fending off a hostile predator, according to insurer Hiscox.
US Senate moves on Hatch asbestos bill
US Senator Orrin Hatch’s bill to reform the US asbestos litigation system could be revived by April this year, according to Senate majority leader Senator Bill Frist.
Deutsche Bank WTC office to be demolished
Deutsche Bank has agreed on a deal with its insurers over the demolition of its New York office, which was heavily damaged during the attack on the World Trade Centre on 11 September 2001.
CIS launches consultation on socially responsible investment
The Co-operative Insurance Society has invited all its customers to have a say in the development of its socially responsible investment policy.
The Davis Group records a 46% leap in profits
Newmarket-based broker Davis Group has recorded a 47% rise in profit before tax.
Brokers unimpressed by insurer claims handling
While a good claims service is more important to UK regional brokers than the cost of the premium, half of UK brokers are not impressed with the loss mitigation and disaster recovery services they receive from insurers, as well as the time it takes…
CII urges Government to encourage greater learning culture in work place
The Government should modify its system of tax relief and improve communications to provide greater incentives for workers in the insurance and financial services sectors to study for professional exams. This is the message the Chartered Insurance…
Taylor appointed to Montpelier Re board
Montpelier Re has announced the appointment of Anthony Taylor as the chairman of the board of directors. Mr Taylor replaces Jack Byrne, who will be retiring in May.
AA links up with Biba for new motor push
The British Insurance Brokers' Association has teamed up with the AA to launch a new offering giving its members access to the broking giant’s motor panel.
Williams made director of claims at Axa
David Williams has been promoted to claims director with immediate effect following a restructure of Axa's finance, claims and actuarial teams. He was previously head of claims.
Appointment at Acord
David Findley has been designated as the new chair of Acord's board of directors, with Charles McCai...
Asbestos Liability - New decisions in Halliburton case
Equitas and US company Halliburton have announced that they have reached an agreement on Halliburton...
Financial Strength - Moody's hits at US under-reserving
US property and casualty (P&C) and reinsurance companies are still "significantly" under-reserved, a...
Appointment at Carvill
John Beckman has joined Carvill as a senior vice-president of its ReAdvisory team. He will be respon...
WTC - Insurance trial starts
The first trial to decide how much money will be paid out for the destruction of the World Trade Cen...
Appointment at Clyde & Co
Law firm Clyde & Co has announced the expansion of its UK aviation and aerospace group with the recr...
World view - Aon releases 2004 political risk map
Aon has unveiled its latest political and economic risk map of the world. The 2004 map gives Aon's ...
S&P lowers financial strength
Re-ratings
Environmental Hazards - Possible earthquake data boost
The insurance industry has not fully benefited from the increasing amount of earthquake hazard resea...
AM Best revises its review
Re-ratings
XL Capital reports loss
Reweb
Appointment at Cunningham Lindsey UK
Martin Bond has been appointed business development director (Lloyd's) for Cunningham Lindsey UK. He...