News
JLT CEO resigns. Share price crashes
Jardine Lloyd Thompson chief executive Steve McGill has resigned from the company.
American Club announces P&I increase
The American Club has announced a general increase of 10% in total premium for its P&I business for the 2005/2006 policy year following a meeting of the directors in Hong Kong.
AIA announces agenda for upcoming NAIC meeting
The American Insurance Association (AIA) has unveiled its agenda for the upcoming National Association of Insurance Commissioners’ (NAIC) Winter Meeting. Issues of concern to AIA include the NAIC’s draft ‘broker compensation’ model law language and a…
Kiln confirms 3% capacity rise for 2005
Lloyd's insurer Kiln has increased capacity figures for 2005 and stable or improving forecasts for the 2002 and 2003 years of account across all four of its Lloyd’s syndicates.
Fusion hires three for business development
Fusion Insurance has recruited Andrew Fleming, Paul Lee and Scott Brown to its senior business development team to focus on broker partnerships.
Asda success sees NU triple staff
Norwich Union today announced the creation of two hundred new jobs in its call centre in Perth. The increase will almost triple the number of staff at the Pitheavlis call centre which deals with customers who have taken out insurance through the insurer…
RSA appoints national motor repair contractors
Royal & SunAlliance has announced five-year contracts with Gemini Accident Repair Centres and Nationwide Crash Repair Centres to provide a national network of R&SA Dedicated Repair Centres (DRCs).
Fortis Q3's up 6%
Fortis Insurance has UK reported overall gross written premiums for the third quarter of 2004 of £442m, an increase of 6% over the same period in 2003 (£417m).
Heath Lambert sets up new unit
Heath Lambert Group has announced the formation of a specialist natural resources group within its global business solutions division.
Folgate and Towergate merger raises expectation of float
Towergate and Folgate are set to merge to create what head and founder Peter Cullum describes as “the UK number one multi-facted insurance intermediary group”. The merged company will be known as Towergate Partnership and no compulsory redundancies are…
IRDA tightens financial disclosure rules
India’s Insurance Regulatory and Development Authority (IRDA) has tightened financial disclosure norms by asking general insurers to give details of the reserves maintained for claims that have been paid but not reported adequately in the books of…
EAA shifts debt to recruiters
New government regulations are putting recruitment firms and employment agencies at greater risk of ...
Winners and losers: Post Magazine's monthly round-up of job cuts and gains
LOSERS Marsh announces it will shed 280 UK jobs due to the ongoing fallout from the Spitzer inquiry...
Aon and NU training schemes win praise
Aon and Norwich Union are set to become the first companies in the insurance sector to be recognised...
Alea gets Spitzer call
Insurer and reinsurer Alea has been subpoenaed by the office of Eliot Spitzer, New York Attorney General.
LUC plan may link London market
The London Underwriting Centre hopes an internal project to enable secure wireless internet access o...
First rail tragedy claims received
The Motor Insurers' Bureau has confirmed that it has already started to receive personal injury clai...
Japenese insurer to expand into London market
London Market News
Cunningham Lindsey moves to city centre
Cunningham Lindsey UK's motor and creditor claims investigations division is relocating from Salford...
Appointment at RAC Auto Windscreens
RAC Auto Windscreens has appointed Richard Pilkington as client manager. He will be responsible for ...
FSA capacity for probe questioned
Concerns have been expressed that the Financial Services Authority may not have the capacity to cond...
Marsh CEO calls for new industry models
London Market News
QBE announces sponsorship
News in Brief
Appointment at PGD Strategy
Charles Catt has joined PGD Strategy as a senior associate. Mr Catt previously held senior positions...