News
Arch joins capital raising with $200m offering
Bermudian (re)insurer Arch Capital Group has announced that it is to raise $200m via an underwritten public offering of preferred stock.
Finite risk coverage affirmed by NY Insurance Department
The legitimate utilization of multi-year, catastrophe, excess-of-loss reinsurance contracts that can be classified as finite risk coverage has been reaffirmed by the New York Insurance Department in a letter to US RE Corporation, according to Tal…
Misys GI announces static profits and revenue
Misys General Insurance, the software house providing broking systems,has announced operating profits of £7m and revenue of £16m for the six months up to 20 November 2005. The revenue and profits have remained broadly static compared to a year ago.
Winners and losers - Post Magazine's monthly round-up of job cuts and gains
Winners Hiscox opened a new office in Bristol, which will initially start life as a satellite offic...
Swiss Re may axe up to 150 UK jobs after merger
Reinsurance giant Swiss Re could axe up to 150 jobs from its UK workforce, following the completion ...
CII warns of gulf between broker types
A widening split in the broker sector between 'traditionalists' and 'innovators' will see competitiv...
Zurich BPO jobs to go
Zurich has confirmed it is set to axe 149 jobs worldwide, following its recent business process outs...
Indian providers look West
More offshore suppliers will either open European centres or seek to acquire European services compa...
Appointment at Highway
Motor insurer Highway has appointed Peter Goodright as its new head of accident damage operations. H...
Launch of Multicaccess
Multiaccess, a free online loss adjuster portal, has been launched by UK property repair and improve...
Towergate in Lloyd's snub
Towergate will deliver a snub to Lloyd's when it unveils its panel of insurers to be used by newly a...
Law firms network seeks to slash costs
A 60-strong network of claimant law firms launched this week promising to slash costs in personal in...
Appointments at Council of Lloyd's
Five appointments to the Council of Lloyd's have been made following the Council elections which clo...
UK fire authorities to share grant
UK fire authorities will share an £11.4m government grant to support their arson reduction initiativ...
Argos suspends insurance sales
Retail giant Argos had to suspend the sales of its car insurance, following Rubicon Corporation goin...
New acquisition for Standard Life Healthcare
Standard Life Healthcare's proposed acquisition of First Assist's private medical insurance business...
Appointment at Berrymans Lace Mawer
The partners of Berrymans Lace Mawer have elected Terry Renouf to be their new national senior partn...
Appointment at GAB Robins
GAB Robins has appointed Trevor Cameron, pictured, as managing director, London market. He will repo...
Insurers to reclaim £42m compensation
Insurers have decided to clawback £42m from the industry's compensation scheme, despite the fact the...
Events
1 February - Insurance Institute of London Lunchtime Lectures - The long-term future of the airline ...
Alexander Forbes Professions launches new product
Broker Alexander Forbes Professions has launched Designed 2 Deliver, a new professional indemnity in...
DAS closes Glasgow office
Legal protection insurer DAS has closed its Glasgow office in a move described as a new approach to ...
Penny Black's insurance week
Penny was delighted to bump into former Royal and Sun Alliance stalwart Rick Hudson at last week's W...
UK Injury claims could increase
The £2m payout awarded to former Tottenham Hotspur footballer Dean Richards could expose insurers to...