News
NAIC calls for TRIA extension
The National Association of Insurance Commissioners has urged Congress to adopt a two-year extension...
MP calls for claims protocol
The chairman of the All Party Parliamentary Group on Financial Services, John Greenway MP, has calle...
Quinn Direct confirms it is on course
Irish insurer Quinn Direct has confirmed it is on course to write the £100m of business in the UK ov...
Simplified CFAs and new regulations by year's end
Conditional fee agreements should be simplified and a new set of regulations introduced by the end o...
Marsh creates SME think-tank
The battle for the regional middle-market commercial broking business intensified this week, with Ma...
National Australia Bank awards trave insurance contract
National Australia Bank has awarded a travel insurance contract to Axa in the UK. Under the contract...
Lloyd's hit by bogus cover
An investigation into bogus excess liability trucking insurance that was sold using the Lloyd's bran...
Willis acquires market leader
Broking giant Willis has said its acquisition of Coyle Hamilton will enable the Irish intermediary t...
What the papers said this week
Daily Mail The wash-out at Wimbledon on the first Wednesday at the All England Championships last w...
THB appoints new board members
AIM-listed broking group THB has appointed a number of new board members. Group human resources dire...
Biba offers to step in over Zurich row
The British Insurance Brokers' Association has offered to intervene in the row over Zurich's decisio...
FSA warned over broker levies
The Institute of Insurance Brokers has threatened to take the issue of brokers paying a compensation...
S&P revises Hannover Re outlook
Standard & Poor's Ratings Services (S&P) has revised its outlook on German reinsurer Hannover Rückversicherung (Hannover Re) and other core members of the Hannover Re group to stable from negative.
S&P downgrades Gothaer Re
Standard & Poor's Ratings Services (S&P) has lowered its counterparty credit and financial strength ratings on Germany-based reinsurer Gothaer Rückversicherung AG (Gothaer Re) from 'A-' (strong) to 'BBB' (good).
Insurers launch car security awards to help cut crime
The British Crime Survey, which the Home Office believes to be the most authoritative indicator, has shown that car crime has plummeted 23% since 1999.
Sibthorpe takes over Brit London market division
Brit Insurance Holdings has appointed Mike Sibthorpe as underwriting director of its London Market centre, the largest of its three underwriting centres with about £600m of capacity for 2004. PLC (“Brit” or “the group”), the UK general insurance group,…
Post & Insurance Age scoop journalism gongs
Post Magazine and Insurance Age editorial staff have received four awards at this year's British Insurance Brokers' Association Journalist of the Year event.
Fitch affirms PartnerRe ratings
Fitch Ratings has affirmed the 'AA' (very strong) insurer financial strength rating of Partner Reinsurance.
Managers in insurance overworked, according to CII survey
Managers in insurance are overworked, put business ahead offamily, and work within a negative culture, according to a survey released today by the Chartered Management Institute and Adecco. The Business Energy Survey questioned over 1,500 managers across…
THB recruits trio for board
AIM-listed broking group THB today announced three new appointments to strengthen the board with effect from 1 July 2004. THB also announced that it intends to split the roles of chairman and chief executive, presently held by Vic Thompson, with the…
Moody’s predicts strong growth for China market
China's insurance sector, both in life and property and casualty (P&C) industries, is set for strong growth, according to two new reports from Moody's Investors Service.
Axa in new bank tie up
National Australia Bank had awarded a travel insurance contract to Axa in the UK. Under the contract, Axa travel insurance policies will be offered to customers of the National’s four European banks – the Clydesdale Bank, Yorkshire Bank, Northern Bank…
New BlueSky directors map out new course for business
The aerial photography company BlueSky has appointed three directors following a management buyout from Getmapping.
XL Capital announces increased capacity
XL Capital has announced that its insurance operations will provide commercial property insurance capacity of up to $500m, allowing it to underwrite entire global property programs on a selective basis.