News
Bupa revenues rise 9%
Healthcare company Bupa has announced revenues increased by 9% in 2006, up to £4.25bn, including organic growth of 7%.
Bupa launches national TV campaign
Bupa begins its latest advertising campaign on national TV this week, with the campaign running from tomorrow.
Lloyd's gets green light from Chinese regulator
Lloyd's announced today that it has received the formal licence document from the Chinese regulators to begin operations for its new reinsurance company in Shanghai, Lloyd's Reinsurance Company China Limited (LRCCL).
Allianz Cornhill joins forces with Game
Allianz Cornhill Schemes has joined forces with retailer Game to sell insurance on the new PlayStation 3 and other games consoles.
Allianz Cornhill offers customers protection for their Playstation 3
Allianz Cornhill Schemes and GAME, the specialist retailer of computer software and video games, has launched a product to sell insurance on the new PlayStation 3 and other games consoles.
Erinaceous buys Letsure in £12m deal
Erinaceous Insurance Services, the property insurance services division of Erinaceous Group Plc has completed the acquisition of The Lumley Holdings group of companies including Lumley Letsure Limited for £12 million.
Validus gears up with $700m in credit deals
Class of 2005 Bermudian start-up (re)insurer, Validus has unveiled credit agreements aggregating $700m with a syndicate of lenders.
FSA urges intermediaries to protect client money
The Financial Services Authority (FSA) said today that general insurance intermediaries holding client money have no excuse for failing to protect it adequately after recent work found that those who used its new Client Money Guide showed a marked…
FSA tells general insurance intermediaries no excuse for failing to protect client money
The Financial Services Authority (FSA) has warned that general insurance intermediaries holding client money have no excuse for failing to protect it adequately after recent work found that those who used its new Client Money Guide showed a marked…
No change at the top, says Willis
Willis boss, Joseph J Plumeri, has had his employment contract extended by one year.
Swiss Re to restructure legal entities
Swiss Re has announced it is forming three legal entities in Luxembourg in an efficiency drive ahead of European Union reforms of the reinsurance industry.
Skills Council launches Endorsement of Training and Competence Schemes consultation
The Financial Services Skills Council (FSSC) is launching a consultation to gauge the level of industry interest for an Endorsement of Training and Competence (T&C) Scheme.
St Paul Leeds branch opens
St. Paul Travelers has opened a new office in Leeds.
Kiln to open £160m reinsurer and redomicile group in Bermuda
Lloyd's insurer Kiln has announced proposals for a new Bermudian domiciled holding company for the Kiln Group and to establish a new Bermudian insurer. In a separate announcement today, Kiln released its preliminary results for the year ended 31 December…
Only Group appoints two business development managers
The Only Group has appointed two new business development managers ahead of the company’s proposed April/May consumer launch.
Irwin Mitchell and Golds merge to create claimant giant
Irwin Mitchell and Golds have announced plans to merge with effect from 1 April 2007. The new firm, to be known as Irwin Mitchell, will be one of the largest supplier of commoditised legal services in the UK.
New national sales manager at Bupa IP
Bupa Individual Protection business has appointed Mark Anders as national sales manager.
Tokio Marine sets up life reinsurance operation on Isle of Man
Millea, Japanese parent company of Tokio Marine, has teamed up with JP Morgan to form an Isle of Man-domiciled sidecar writing annuity reinsurance business for the benefit of its Tokio Marine & Nichido Financial Life company.
NU backs up road safety campaign over fleet risks
Norwich Union has welcomed a new Government campaign aimed at keeping the attention of the so-called 'White Van Man' on the road.
Highway launches motor products on Acturis
Broker only motor insurer Highway has launched its Choice Private Car and Choice Commercial Vehicle products on the Acturis full cycle EDI trading platform.
Hiscox profits top £200m
Hiscox has recorded pre-tax profits up 186% to £201.1m (2005: £70.2m), while earnings per share on profit after tax was up 167% to 41.7p (2005: 15.6p).
Aon and Benfield reach £9.5m settlement over defecting brokers
Aon Re Global today announced it has reached a global and comprehensive settlement with Benfield Group of all of the litigation relating to former Benfield facultative reinsurance employees who recently resigned from Benfield and will be joining Aon on 1…
Amlin appoints finance head
Steve McMurray has joined Amlin as head of finance, reporting to group finance director, Richard Hextall.
RPC warns D&O cover not suitable after Companies Act reforms
Company directors could face an increase in claims against them as a result of the Companies Act 2006 but risk not having suitable insurance cover in relation to them, warned City law firm Reynolds Porter Chamberlain at its “Directors Duties – The New…