News
Arab market shows growth trend
The Arab insurance and reinsurance sector must face up to the challenges of an increasingly globalised market, according to Abraham Matossian, president of Association des Companies d’Assurances au Liban.
Phillipson joins Hardy Underwriting
Specialist insurer Hardy Underwriting has announced that its new financial institutions underwriting team is complete following the appointment of Tom Phillipson.
The Broker Network acquires WEM Insurance Brokers
The Broker Network (TBN) has acquired WEM Insurance Brokers.
Fried Frank warns that directors are open to personal liability claims
Directors and officers of UK and European companies face an increasing personal risk of litigation or regulatory action, according to international law firm Fried, Frank, Harris, Shriver & Jacobson.
Profit boost for Lloyd's insurer Talbot
Talbot Holdings Lloyd's operation has recorded a 66% increase in pre-tax profits for 2003.
NCCI rated by S&P
Standard & Poor’s Ratings (S&P) has assigned ‘A-’‘(strong) long-term counterparty credit and insurer financial strength ratings to the National Company for Cooperative Insurance (NCCI) in Saudi Arabia. The outlook is stable.
THB in partnership with the Independent Buying Consortium
Lloyd’s wholesale and retail broker THB Group has joined forces with procurement company, the Independent Buying Consortium, in a partnership that will help its 1000 strong agency base reduce their costs and improve margins considerably.
Swiss Re calls for nanotechnology research
Swiss Re has called for more research on the possible effects of the growing use of nanotechnology.
Broker Network shares rise on sale
Shares in Broker Network Holdings rose in the wake of the company 's listing on the Alternative Investment Market (AIM) today and its acquisition of WEM Insurance Brokers.
Profits up at Windsor
The Windsor Group has announced pre-tax profits for the six months to 31 March 2004 of £1.37m, up 17% from the first half of 2003.
Moody's approves Citigroup ratings
Moody's Investors Service has affirmed the ratings of Citigroup and of its subsidiaries, which include Travelers Insurance, at Aa1 (excellent).
Hardy sells off Atrium stake
Hardy Underwriting Group has announced that it has sold its entire holding of 11.5m shares in Atrium Underwriting (representing 23.2% of the issued ordinary shares in the company). The sale was effected through a placing by KBC Peel Hunt with…
Duo join Guy Carpenter & Co
Global risk and reinsurance specialist Guy Carpenter & Company has appointed Scott Price and Chris Weaver to its marine and energy practice.
Linaker appoints new development manager
Insurance broker Linaker (Western) has announced that Malcolm Alexander has joined the company as a development manager. Based at head office in Bristol, Mr Alexander will be responsible for managing the sports and leisure insurance division.
Bolkestein set to quit European Commission this year
Frits Bolkestein, the European Commissioner responsible for the drive towards an integrated European financial market, has confirmed he will not seek the Dutch seat on the commission after his term ends in November. He had been expected to continue,…
Contractsure appoints new claims manager
Construction insurance specialist Contractsure, a subsidiary of Henderson Insurance Brokers, has announced that Rachael Firth is joining the London team as an assistant claims manager.
Arc wins Met Police contract
Legal insurance provider Arc has won the contract to provide legal expenses to Metropolitan Police members.
Moody's upgrades Assured Guaranty
Moody’s Investors Service has upgraded to Aa1 (excellent), from Aa2 (excellent), the insurance financial strength rating (IFSR) of Assured Guaranty (previously ACE Guaranty) and upgraded to Aa2, from Aa3, the IFSRs of the Assured Guaranty Re (previously…
Motaquote seals £60 000 training contract
Welsh broker Motaquote has selected Acorn Learning Solutions to provide training and development, in a deal worth £60 000.
Employees seek job 'meaning'
A lack of 'meaning' in the workplace is having a damaging effect on morale and staff retention rates...
Path to success: Marketing Manager
Helen George, marketing manager, Axa Art Insurance talks about her career so far
Careers Clinic
Approaching an employer or prospective employer about levels of pay can be embarrassing. Our recruitment experts offer a few tips to help get what you deserve
Axa to go back to the floor once more
Axa carried out its second 'back to the floor' initiative this week, with nine senior managers, incl...
ABI scheme take up boost for EL
The Association of British Insurers' today claimed that its "Making the Market Work " initiative to improve the employers’ liability insurance market is raising health and safety awareness among British firms.