News
Adjuster launches liability division
Loss adjuster FitzGerald Consulting has formed a new liability division which will be managed by existing directors Alan Speyer and Alex Murray.
Q3 2005 P/C losses hit record levels
Pummelled by Hurricane Katrina and six other natural catastrophes in the third quarter, US property/casualty insurers paid an all-time record $40.8bn to homeowners and businesses for insured property losses in 14 states, according to preliminary…
Wilma hits Platinum for $135m
Bermudian reinsurer, Platinum Underwriters Holdings has unveiled an initial preliminary loss estimate of approximately $135m from Hurricane Wilma. The estimate is net of reinstatement premiums, tax benefits and retrocessional recoveries.
PXRE estimates $75-$90m Wilma loss
Bermudian reinsurer PXRE Group has announced that its preliminary estimate of the net impact from Hurricane Wilma is between $75m and $90m, net of reinsurance, reinstatement premiums and tax. The Company's loss estimate assumes that the insured industry…
Hannover Re still in profit despite huge Q3 reserves
German reinsurer Hannover Re posted third quarter net income down 67.6% to €61.9m after facing up to net expenditure on major losses of €781.4m in the third quarter. The results were buoyed by a strong showing in the Life and Health books.
RSA reports UK improvement
Royal and Sun Alliance this morning reported a pofit after tax of £378m (2004 : £8) on net written premiums of £4.1bn (2004 : £3.7bn)for the first nine months of 2005. It added the combined operating ratio (COR) of 93.1% (2004 : 94.2%) for ongoing…
Charles Taylor acquires run-off specialist LCL group
Charles Taylor Consulting has purchased the LCL Group Limited and LCL Acquisitions Limited.
Compliance increases wage bills
The headcount and wage bills in the finance sector are increasing in the areas of compliance and gov...
Time to test yourself
A selection of questions from various past-CII qualification papers
Legal presentation
Law firm Keoghs has been rewarded for its commitment to its staff at the North West National Trainin...
FSSC successful in academy bid
The Financial Services Skills Council has been successful in its bid to create a National Financial ...
Forcing ideas unlikely to be rewarding
Management initiatives to force ideas for new products and services are unlikely to reap rewards, ac...
Bermuda is "creaking"
Robert Hiscox has told Post Magazine Bermuda is "creaking at the seams" with the number of reinsurer...
Paving ban mooted to stem flood risk
The London Assembly is stepping up its efforts to ban homeowners from paving their front gardens, in...
Appointment at Institute of Actuaries
The Institute of Actuaries has announced that Nick Dumbreck will be its next president. Mr Dumbreck,...
Buyers unimpressed with MRG's efforts
Insurance buyers have delivered a major snub to the London Market Reform Group's efforts to achieve ...
Lloyd's in bond movie
The Lloyd's Building became a film set for the day last Sunday, when legendary director Sir Ridley S...
Bupa Travel takes over management aspects
Bupa Travel has announced it is taking over the management of all aspects of its products and underw...
Burgesses changes name
Burgesses - the payment protection insurance specialist - has changed its company name to British In...
Appointment at Oval
Broker consolidator Oval has recruited three senior specialists to its corporate insurance team in t...
Claimant lawyers critical of insurers' legal fight
Claimant lawyers are adamant that sufferers of pleural plaques must retain their right to compensati...
Penny Black's insurance week
Penny was interested to see a raft of moves to crackdown on uninsured drivers this week but did not ...
Repairers move to head off claims
Bodyshop association MVRA is seeking to pre-empt the threat of litigation against its members for fa...
Argyll Insurance Group acquires Palmar Avard and Galloway
Argyll Insurance Group has further strengthened its position in the Kent and Sussex area, with the a...