News
JLT sells US businesses for $100m
Jardine Lloyd Thompson has agreed to sell its US-based property and casualty and employee benefits businesses to Alliant Insurance Services for $100m.
Groupama hires Allen for household
Groupama Insurances has appointed a new household underwriting manager, Craig Allen.
Outsourcing: major report
The need to reduce overheads continues to be a major driving force for outsourcing according to a new report from Datamonitor, The Future of Outsourcing. The report examines the lessons from the past the new wave of outsourcers can learn from and what…
NU warns over risks from migrant workers
Deaths involving workers from the expanded EU means UK businesses need to be extra vigilant about risk management for migrant staff, according to Norwich Union.
Lancashire receives FSA authorisation
Lancashire Insurance Company (UK) has obtained authorisation from the Financial Services Authority to commence underwriting.
Catlin claims record half year results
Catlin Group has announced what it described as ‘record’ net income for the six months ended 30 June 2006.
RSA appoints global broker director
Royal and Sun Alliance has appointed Mark Holweger to the newly created role of global broker director, making him responsible for business from the major national brokers.
FSA publish paper on their changes to the Risk Assessment Framework
The Financial Services Authourity (FSA) has issued a paper setting out some important changes they have made to ARROW as part of their continuing programme of making the FSA easier to do business with.
Erinaceous buys Keelan Westall for £19.7m
Erinaceous Group has acquired Hampshire broker Keelan Westall for £19.7m through its insurance subsidiary Hanover Park Commercial, as Post Magazine predicted a month ago (10 August 2006, p48).
All Blacks star confirmed for CII conference speech
New Zealand’s All Blacks star Sean Fitzpatrick is to be the guest speaker at the CII conference gala dinner in October.
Whitespace makes software acquisition
Insurance technology specialist Whitespace Software has acquired Datarise Limited, a provider of claims management software solutions and services.
Fitch sees return of soft market cycle in 2007
Rating agency Fitch says it believes that over the next 12–24 months underwriting, operating and capital trends will generally support reinsurers’ current ratings, but that the biggest challenge facing the reinsurance sector over the period will be cycle…
PBSH enters motor fleet market
PBS Holdings, the holding company established to bring together Primary Group-owned commercial, agricultural and personal accident underwriting agencies, has announced its move into the Motor Fleet market.
Lloyd's looks to recruit more graduates
The Lloyd’s Market Association has launched a web based graduate recruitment portal in an initiative to attract more applications in to the Lloyd’s market from the graduate community. Thirteen managing agents and five Lloyd’s Brokers are taking part in…
Spitzer drops parts of charges against Greenberg
New York attorney general, Eliot Spitzer, has dropped several civil charges against former AIG boss Maurice R. Greenberg from a lawsuit accusing Mr Greenberg of using accounting tricks to hide problems at the company, according to reports.
Moody’s holds stable outlook for Reinsurance market
In its Global Reinsurance Industry Outlook – 2006 , Moody’s has maintained its stable view of the sector in 2006.
FSA slaps £250k fine on Carphone Warehouse for TCF violation
The Financial Services Authority has fined The Carphone Warehouse £245,000 for not treating its customers fairly following telephone sales of general insurance and for failing to inform the regulator in a timely manner of significant systems failures…
Benfield enjoys growth in first half
Benfield Group has announced group operating revenue in the first half of 2006 was up to £252.1m (H1 2005: £196.2m), an increase of 28.5%. The broking group's trading result was £107.9m (H1 2005: £82.0m), an increase of 31.6% - at constant rates of…
Marsh office awarded for its good samaritan work
The Norwich office of Marsh has been presented with a national award recognising its support of Busi...
Time to test yourself
A selection of questions from various past-CII qualification papers
IFS joins up with Insead to host Risk Masterclass
The Institute of Financial Services School of Finance will be hosting its next Risk Management maste...
Surveying programme launched
Ecclesiastical insurance has launched a three-year training programme to train new risk control surv...
Minister gives nod to Essex company
The Minister for Work and Pensions has paid homage to third-party administrator Plus One Services' a...
Zurich expands its private client division in Manchester
Zurich is expanding its private client and premiere division in Manchester, following a move to a bi...