News
Weakening prices impacts reinsurers, claims S&P panel
Insurance companies are going to find reinsurers less and less reliable as pricing weakens in the US property/casualty market, panelists at Standard & Poor's Ratings Services Insurance Conference warned last week.
Bermuda reinsurers praised
The sudden appearance of 11 new reinsurance companies in Bermuda in 2002 brought renewed vitality to the global reinsurance market, according to a panelist at Standard & Poor's Ratings Services Insurance Conference last week, but more established global…
Groupama completes regional management team
Groupama Insurances has completed its sales and distribution team with the appointment of Rob Fisher as key account manager for the mid east and Steve Vachre as key account manager covering the North west.
Marsh buys Manchester-based broking and risk consulting business
Broker Marsh today announced it has acquired the insurance broking and risk consulting business of Manchester-based Rochester Kemp.
American Club announces levy on members
The American Club has said it will be imposing a levy on members to extinguish deficits it has in open years 2000, 2001 and 2002.
Ace approved to underwrite in Euro acession states
Insurer Ace has become one of the first London market insurers to receive regulatory approval to underwrite business on a 'freedom of services' basis in the 10 new European accession states.
PWS opens new offices
Broker PWS has opened three new international offices and has also announced the creation of a new UK-based accident and health team.
ABI sets up HIV and insurance working group
The Association of British Insurers plans to establish an independent multidisciplinary working group of experts and key stakeholders to advise the insurance industry on policy developments affecting HIV and insurance.
Zurich terminates Folgate tie-up
Zurich has terminated all of its commercial lines agencies with Folgate, according to an exclusive report from Insurance Age magazine.
RICS seeks to self regulate insurance sales
The Royal Institute of Chartered Surveyors has today annouced it is seeking to self regulate member firms who arrange insurance services in the property and construction sector.
Government loophole obstructing motor fleet risk management
Proposed changes to driving licences could make it even harder for companies to check on employees’ previous driving convictions, warns leading fleet management company Interleasing.
SMEs lack health and safety training
Lack of health and safety training in UK businesses is leaving employees unnecessarily exposed to danger, according to Norwich Union.
DTI survey reveals slow change in gender earnings gap
Women in the UK on average earn 53% of the wages of their male counterparts according to The Department of Trade and Industry, published the latest individual income statistics today.
Reinsurers' profits set for price war and reserving squeeze
First quarter results from the European reinsurers point to an improved profit outlook for the year ahead, according to broker Benfield.
CEA announces Martinière as new president
Former Axa chief financial officer Gérard de La Martinière has been made president of the Comite Europeen des Asssurances at the organisation's general assembly in Prague.
Hastings in hunt for call centre staff
Private motor broker Hastings Direct is planning to recruit 150 staff this summer, increasing capaci...
Time to test yourself
A selection of questions from various past CII qualification papers. Whether you are studying for Chartered Insurance Institute exams or just want to test yourself, see how you do
Cut out the junk, urges Unum
Employers who provide vending machines stocked with junk food could be contributing to increasing le...
Royal London: 380 go
Mutual life insurer Royal London has announced 380 redundancies nationwide after revealing it was to...
Jacqui Owens joins Spectrum
Jacqui Owens has joined Lloyd’s underwriting agency, Spectrum, as senior counsel. It is managing the run-off of the Crowe group of syndicates and Ms Owens will head initiatives to resolve market disputes collectively involving over £150m of claims.
ACE launches training programme for construction brokers
ACE European Group has set up a new training seminar to help construction brokers expand their knowledge of the construction industry and better understand the needs and requirements of insurers.
Benfield offers paperless documentation
Benfield can now provide all technical documentation (claim advice, claim settlement, premium credit closing and treaty balance), in a paperless, electronic format. The system enables invoices and closings to be delivered directly to customers after…
Clear Group buys broker No.4
The Clear Group has completed its fourth broker acquisition by buying Bloomsbury Insurance Management.
Misys introduces business continuity service for brokers
Misys has launched a new business continuity service for brokers to help them meet Financial Services Authority requirements.