News
RSA raises more money with disposal
Royal & Sun Alliance has agreed to sell the business of its Pakistan operation to International General Insurance Company of Pakistan for £700 000 in cash.
Know your rights: This month - Part-time Workers
Part-time workers in the UK gained new legal protection on 1 July 2000 when the Part-time Workers (Prevention of Less Favourable Treatment) Regulations came into force. Saba Mozakka elaborates
General insurers enjoy employment growth
The general insurance sector has been highlighted as one of the key areas of employment growth in th...
First Assist sets out absence plan
First Assist has launched a new offering aimed at cutting sickness-related staff absence, which it c...
Moody’s upgrades Odyssey Re ratings
Moody's Investors Service has upgraded the insurance financial strength ratings of Odyssey Re Holdings Corp's primary re/insurance subsidiaries, Odyssey America Reinsurance Corporation and Clearwater Insurance Company (collectively known as "Odyssey Re")…
AM Best downgrades Inter-Hannover
AM Best has downgraded the financial strength rating of International Insurance Company of Hannover (Inter-Hannover), a UK-domiciled subsidiary of Hannover Rueckversicherung (Hannover Re) from A (Excellent) to A- (Excellent). The rating outlook is stable.
Fusion creates key senior positions
Three new senior positions have been created at Fusion Insurance to provide additional broker support.
Omni Whittingham wins syndicate 2002 deal
The responsibility for running-off the Lloyd’s of London syndicate 2002 has been transferred to run-off specialists Omni Whittington Capital Management from original managing agency, Zenith Syndicate Management.
THB in soft market warning as it reports unchanged annual profit
Listed broker THB today reported a pre tax profit of £3.7m for the year ended 30 April 2004 on a turnover of £31.5m (an increase of 38%).
Aegis seeks leading position in energy market with new underwriters
Aegis Energy Syndicate 1225 at Lloyd's has announced that Nik Rnjak and Chris Allison will be joining the underwriting team.
Howden eyes new markets
Lloyd's broker Howden looks set to continue its international expansion, with France, Germany and th...
Steve Bartlett appointed as managing director
Steve Bartlett has been appointed as managing director of the wholesale division at Heath Lambert In...
Achievements recognised
The 2004 British Insurance Awards marked a decade of achievement last week, as 2000 of the insurance...
Penny Black's insurance week
Penny was very interested to read that the new head of general insurance at the Association of Briti...
The Arson Prevention Bureau to unveil campaign
The Arson Prevention Bureau is set to unveil a campaign today to reduce school arson fires. It will ...
Merger to boost CII membership
The Chartered Insurance Institute's membership is set to swell to over 90,000 this week, when one of...
Community Broking Group acquires Carpenter Rees Jackson
Community Broking Group has acquired Carpenter Rees Jackson, an independent financial planning pract...
Irish Deputy Prime Minister reveals the aims of her visit
Irish Deputy Prime Minister Mary Harney revealed that one of the aims of her visit to London this we...
What the papers said this week
Financial Times Company directors face a growing number of litigation claims as a result of increas...
FSA offers brokers hope
Companies that missed this week's deadline to apply for Financial Services Authority 'guaranteed' au...
CIS overhaul could lead to 2500 job cuts
Co-operative Financial Services has announced a major overhaul of its insurance business in a move t...
Lloyd's insurer boosts northern presence with Halifax office
Lloyd's insurer Amlin opened a new office in Halifax this week, in a move to boost its presence in t...
Insurers wait on M&S deal
Some of the country's leading insurers and brokers have poured cold water on suggestions their affin...
ABI to discuss flood budget with Defra
The Association of British Insurers plans to meet Environment Secretary Margaret Beckett in the comi...