News
Lloyd's opens Malay operation
Lloyd's has announced the opening of a new subsidiary in Malaysia, Lloyd’s Labuan Limited.
Listed broker out of the red with 2006 profit
Listed intermediary Culver today reported a group profit of £52 000 for the year ending 31 December 2006 (2005 - £496 000 loss). The insurance broking business increased its turnover by 8 per cent to £2 632 000 (2005 - £2 445 000). The profit of the…
RBSI profits stagnate as COR creeps up
Royal Bank of Scotland Insurance's operating profits rose by just £22m in 2006, hitting £750m, with a deterioration in its loss ratio affecting the result.
Converium finally regains ‘A’ rating
Standard & Poor's has raised Swiss reinsurer Converium’s long-term financial strength rating to "A-“ with a stable outlook. According to Standard & Poor’s the ratings decision reflects the Group’s strengthened management team and sound infrastructure,…
DUAL Corporate Risks snaps up ex QBE manager
DUAL Corporate Risks, an underwriting agency specialising in liability insurance for mid-market companies, has appointed Chris Fletton as director and senior underwriter tof its professional indemnity division.
Consolidator reaches double figures with Essex swoop
Acquisitive broking vehicle Cullum Capital Ventures has completed its tenth acquisition since formation in June of last year. The company’s most recent deal sees Milburn Insurance Services of Chelmsford, Essex join the group.
NU profits break £1000m profit barrier despite drop in UK GI premiums
Norwich Union Insurance this morning reported record profits of £1,075m (2005: £970m) and a COR of 95%, despite a small reduction in general insurance net written premiums to £5,583m (2005: £5,832m).
Influx of broking talent signals market overhaul
A wave of new appointments at the top of the UK's largest brokers is set to change the face of the i...
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CII members mentor Prince's Trust youngsters
Eight Chartered Insurance Institute members have been recruited to work with The Prince's Trust char...
SMEs face tribunal hike
New compensation limits for employment tribunals mean that firms are exposed to increasing claims co...
Annual results season
Today marks the beginning of the busiest period for stock market listed insurers in the UK, with all...
CILA rolls out website
The Chartered Institute of Loss Adjusters was due to launch its new website today at www.cila.co.uk....
Broker to target £10m following online launch
Personal lines broker Allen and Allen Group is aiming to generate up to £10m in premiums from an onl...
£900m fire loss sparks commercial data first
A major research project has been launched to identify why large commercial fire losses have doubled...
J and M snaps up Sunrise
J and M Insurance has acquired High Wycombe-based taxi broker Sunrise Insurance. Established in 1999...
Adjusters set for merger
Loss adjuster Axis International is set to acquire rival Miller International in the next two months...
Network Rail liability
Network Rail's admission of liability for the Cumbrian rail crash, which claimed the life of an 84-y...
US broking giant mulls UK acquisition options
Hub International this week became the latest acquisitive US broking giant to admit interest in the ...
Perkins Slade profits woe
Perkins Slade has reported a drop in pre-tax profit of 8% to £599,000, despite a 17% increase in tur...
PwC: run-off hits EUR204bn
Discontinued insurance business in Europe exceeds EUR204bn (£137.4bn) according to a new survey rele...
Penny Black's insurance week
Penny was delighted to spend a night last week in the company of a number of celebrities, from crick...
JLT heralds new joint venture with ICAP
Jardine Lloyd Thompson says it is hoping to corner the market for insurance-based derivatives throug...