News
Stone Point swoops for Axa Re
French-based global insurer Axa has confirmed that Trident II (re)insurance venture capital fund manager Stone Point Capital has made a binding offer for its reinsurance arm, Axa Re. Should the deal go through the new company will be called Paris Re.
‘One-size-fits-all’ policy in PFI housing projects is failing
Heath Lambert has warned against the dangers of trying to shoe-horn social housing private finance initiative projects in with all other types of project.
EC to launch public consultation into motor insurance
The European Commission has launched a public online consultation on two issues related to motor insurance – the effectiveness of claims representatives in settling claims, and insurance cover for legal expenses.
AIG confirms record Man Utd sponsorship deal
Manchester United have announced a £56.5million shirt sponsorship deal with insurer AIG as predicted in this week's Post Magazine (PM, 6 April, p40)
Preston Whiteside directors in court today
Two of the former directors of Preston Whiteside, the broker alleged to be at the centre of a £3.5m insurance fraud in 2003, are due to appear at a Crown Court hearing in Sheffield today.
CSC up for sale, with 4300 jobs to go across Europe
Insurance software specialist Computer Sciences Corporation is set to shed 4300 jobs mainly in Europe, as part of a restructure, which could result in the company being put up for sale. The company announced yesterday that in response to recent…
Regulation threatens broker profits, says Mazars survey
Regulation fails to benefit clients and threatens profitability, brokers have said in accountancy Mazars' 2006 survey of the industry.
Lloyd's reports £103m loss for 2005
Lloyd's this morning reported a loss of £103m for 2005 (2004: £1367m) and a deterioration in the market's combined ratio to 111.8% (2004: 96.6%).
JLT Executive chairman resigns amid board reshuffle
Dominic Collins, executive chairman of JLT, has resigned as the company makes several board level appointments.
Time to test yourself
A selection of questions from various past-CII qualification papers
CII launches new 'MBA in a day' course
The Chartered Insurance Institute has launched a new 'MBA in a day' course, tailored to the financia...
Work Wise Week urges 'smarter' working practice
Organisations across the UK are being urged to try out 'smarter' working practices in Work Wise Week...
L&G employee wins first customer service award
Daniel Puttick, of Legal and General's direct call centre in Cardiff, has won the first Contact Cent...
Sing when you're winning
Gretna Football Club's success in reaching the Scottish FA Cup Final was in part funded by insurance...
Keith Rutter moves to broker Oxygen
Keith Rutter, the former head of Independent Insurance's London market business and failed liability...
Xchanging appoints managing director of claims services
Xchanging, the business processing services company, has made Mark Thompson managing director of cla...
Administrators of HIH given approval to run the company off
Administrators of collapsed Australian insurer HIH were last week given approval to enable schemes o...
IGI Insurance set to launch buildings insurance product
Nottingham-based IGI Insurance is set to launch a commercial let buildings insurance product on 1 Ma...
Appointment at Primary Group
Primary Group has appointed David Battle as managing director of commercial business and employee be...
Aon continues cuts with closures
Aon will merge a further seven of its regional offices into four in the second half of the year as t...
Timebomb now a reality
Hand-arm vibration syndrome is no longer a potential liability time bomb but a reality, according to...
RSA launch to take on claimant lawyers
Royal and Sun Alliance has launched a rehabilitation pilot to get injured parties back to work and '...
Appointment at Donald Macdonald Partnership
Charles Carter and Garth Bearman have joined Donald Macdonald Partnership in a non-executive capacit...
What the papers said this week
Daily Mail The 18-month jail sentence handed to a hit-and-run driver who killed medical student Abi...