News
Willis acquires £2.7m Norwegian broker
Willis Group Holdings has entered into a contract to purchase Link Forsikringsmegling AS, the leading insurance broking and employee benefit business in Oslo. Terms were not disclosed; annualized revenues for 2005 were approximately $5m (£2.7m).
Static premiums in home and car, reports AA
Both car and home insurance premiums remain static, despite growing industry concerns about increasing claims costs, the latest benchmark AA British Insurance Premium Index has shown.
THB appoints chief operating officer
THB Group has appointed Jane Joslin as chief operating officer of Thompson Heath and Bond, the Lloyd's broking division of the group. Her role starts on1st August. Mrs Joslin has worked within the Lloyd's and London Market on both the broking and…
Tower Group enters novation agreements with PXRE
Tower Group has announced that it has concluded, through commutation agreements, PXRE Reinsurance Company's participation under various reinsurance agreements with Tower Insurance Company of New York covering the 2001, 2002 and a portion of the 2003…
Dual recruits to bolster growth drive
Hyperion today announced two senior board appointments at its underwriting agency, Dual International. Luis Muñoz-Rojas is appointed chairman and Nick Denniston as non-executive director.
NU parent Aviva admits new merger talks
Norwich Union's parent Aviva this morning confirmed that it is in discussions which may lead to it making another acquisition.
Equity buys Fenland book
Equity Insurance Group has acquired the general book of King's Lynn brokerage, Fenland Insurance. The undisclosed value deal has expanded the group's UK branch network to more than 60.
Axa to close five offices; 200 jobs to go
Axa Insurance has confirmed that it plans to close five regional offices by 30 September. The insurer said it also expected to cut up to 200 jobs by the end of the year.
Axa UK office closures mooted
Axa UK is expected to make an announcement with regards its UK business with office closures mooted.
European insurance assets top €6 trillion in 2005
CEA, the European insurance and reinsurance federation, has published provisional figures showing that 2005 saw the total investments of the European insurance industry passing the €6,000bn mark for the first time, reaching €6,371bn ($8,091bn).
Helphire appoints group underwriting manager
Helphire Group has appointed Tom Slassor to the new role of group underwriting and product development manager.
Mondial moves to new offices
Croydon based company Mondial UK has announced plans to open a new fulfilment house in order to support its expansion. The new facility now open, will replace the current Church Road site and will be located on Stafford Road in the Wallington district of…
British Insurance Awards: winners revealed
The winners of the British Insurance Awards 2006 were announced at the Royal Albert Hall last night in front of a packed audience of over 1800 of the industry's movers and shakers. To see the full list click here http://www.insuranceawards.com/public…
Fitch upgrades Royal London’s ratings
Fitch Ratings has upgraded Royal London Mutual Insurance Society's Insurer Financial Strength rating to 'A' from 'A-' and the Issuer Default rating to 'A-' from 'BBB+'. The Outlooks on both ratings remain Stable. At the same time, Fitch has upgraded…
Time to test yourself
A selection of questions from various past-CII qualification papers
Red tape is bad for small businesses
The Federation of Small Businesses has said that "heavy-handed" health and safety legislation is hol...
First Assist employee awarded
Robin Jeanes, sales agent at First Assist Insurance Services' call centre in Plymouth, has won the D...
Resignation rates top of the league
Resignation rates are higher in the insurance industry than the national average, despite mean earni...
Fraud fight takes a good turn
Police and insurers have stepped up their fight against fraudsters, arresting seven members of a fra...
Equity pushes Lloyd's to alter capacity rules
Equity Red Star is aiming to increase by £15m the household business it transacts by EDI over the ne...
Network offers cost-cutting service
A new medico-legal network has launched with an online service aimed at cutting costs from typical a...
Appointment at Alexander Forbes
Alexander Forbes has made David Wicks executive director of its international division's constructio...
Appointment at Langleys
Langleys has recruited Waseem Khadri as solicitor for its York-based industrial disease unit. He wil...
A new liability underwriters group established
A new liability underwriters group has been established by the International Underwriting Associatio...