News
Tesco Legal tight-lipped on plans
Tesco has launched a web-based legal advice store selling booklets on personal injury and employment...
AA Aviva link raises RAC fears
The RAC's status as Norwich Union's motor breakdown partner could be under threat if the insurer's p...
Appointment at Towers Perrin
Towers Perrin has promoted four of its Tillinghast European senior consultants to principal. Geoffre...
The IFS announces nomination of next president
The Institute of Financial Services has announced that former Lloyd's chief executive Ron Sandler ha...
Alarm announces new CEO
Alarm – The National Forum for Risk Management in the Public Sector – has announced the appointment of Simon Wills as its new chief executive.
BT Mobile insurance deal signed
Mobile phone insurance provider, Policy Administration Services, has agreed to provide cover for BT Mobile customers.
Willis to purchase £33m Irish broker
Broker Willis has reached agreement in principle to acquire a majority shareholding in Coyle Hamilton, rebranding it Coyle Hamilton Willis, and merging Willis' existing Irish operations into the group.
London P&I Club reports strengthened reserve outlook for 2004
Marine insurance mutual The London P&I Club's financial statements for the year ending February 20, 2004, have shown an improvement on previous years, with an increase in free reserves free reserves of 23 per cent to $101.9m (£56m) from $82.8m in 2002/3.
Kiln bullish in 2004 forecast
Lloyd's insurer Kiln is predicting its 2004 year of account will exceed the performance of its business in the previous year, when it acheived a market leading combined ratio of 77% and profits of £33.1m.
ISO poll shows US worries over claims costs
According to a new poll carried out by ISO 78% of U.S. insurance companies identify cost reduction in claims-handling processes as their most important goal for 2004.
Canadian broker takes £1.5m stake in London's Dashwood, Brewer & Phipps
Toronto-based insurance and reinsurance broker the RS Group of Companies has completed the purchase of 49% of the issued share capital of Dashwood, Brewer & Phipps, Lloyd’s and London Market Insurance Brokers.
Lloyd’s Market doubles to £1.9 billion
The Lloyd's Market in 2004 report, published by Guy Carpenter & Company, reveals the continued strengthening of Lloyd’s results since the US terrorist attacks in September 2001.
Swiss Re renews BFIS pledge
Swiss Re has renewed its $100,000 funding pledge for the Bermuda Foundation For Insurance Studies (BFIS) scholarship programme over a further five years.
Brokers launch cover for construction professionals
Building and contruction firm, Multiassistance, together with The Broker Network and J. Gosling Insurance Brokers, is to provide insurance for its UK network of over 140 trade professionals.
Former Lloyd's CEO and Marsh UK boss nominated for new roles
The Institute of Financial Services has announced that former Lloyd’s chief excutive Ron Sandler has been nominated to become its next president from October this year.
Xchanging to consolidate London base
Xchanging has announced that it is to consolidate all of its London operations into a single site at 34 Leadenhall Street.
Research highlights limited scope of travel insurance policies
Only 35% of the 1.7m people who are expected to make a travel insurance claim this year will receive a full pay-out because of the limited cover provided by some travel policies, according to research from Sainsbury’s Bank.
General insurance growth at 5.3% across EU
The number of insurance companies in Europe has remained stable at around 5000 with general insurance premiums rising by 5.3% in 2003 despite the trend towards concentration, according to Gérard de La Martinière, president of the Comité Européen des…
Primary broker start up aims for top spot
Primary subsidiary Health for Industry has launched a dedicated offshore and international private medical insurance broker. The company, Health for Industry International Limited, is based in Guernsey and licensed by the Guernsey Financial Services…
Ace appoints Kramer
Ace has announced that Donald Kramer has been appointed executive, office of the president & chief executive officer, effective immediately.
Centrica in 'preliminary discussions' to sell the AA
Centrica has confirmed that it is in early talks to sell breakdown association the AA in a deal estimated at £1.5bn.
Buffett linked with Lloyd's IPO
American investment guru Warren Buffett has been linked with a major investment in Lloyd’s insurer Euclidian when it announces plans for its long awaited floatation.
RSA discussing sale of UK life arm
Royal & Sun Alliance has confirmed it is in talks to sell its UK life insurance business.
Market reform bringing positive reaction, says IUA chairman
Efforts to reform the London insurance market are now beginning to be recognised by the sector’s international clients, Stephen Cane, chairman of the International Underwriting Association has said.