News
Broker Assistance wins contract with Alexander Forbes
Broker Assistance has won a contract with Alexander Forbes Corporate Risk Solutions to handle all tr...
Rizla deal wrapped up
Motorcycle claims management firm Plantec has agreed a sponsorship package with the Rizla Suzuki rac...
Survey of UK holidaymakers
A survey of UK holidaymakers has found that one in four men make fraudulent insurance claims on retu...
Reasons behind Fabien collapse still unclear
Liquidator Begbies Traynor revealed it could be months before it determines why broker Fabien Risk S...
Rubicon linked with trade sale
Third-party administrator Rubicon Corporation has been linked with a trade sale following the depart...
Appointment at J&M Insurance Services
J&M Insurance Services has made Phil Batt service centre manager. He will manage and grow the compan...
Edward Donne joins HSBC Insurance Brokers
Edward Donne has joined HSBC Insurance Brokers from Alexander Forbes Professions. Mr Donne, who was ...
Amlin to launch arm by year-end
Lloyd's insurer Amlin announced the formation of Amlin Bermuda, a new wholly owned US $1bn (£568m) r...
Insurer to recruit 250 staff
Direct insurer Admiral has announced a move to strengthen its position in Wales, by creating more th...
Appointment at XL Capital
XL Capital has made David Radulski senior vice-president and director of investor relations. He was ...
Penny Black's insurance week
While in the City last week, Penny decided to pay a visit to her friends at QBE at their new home at...
Appointment at Budget
Broking group Budget has made David Thompson operations director for its contact centre business, Fu...
Hutton takes over from Blunkett at DWP
The Government has announced that John Hutton will be the new Secretary of State for Work and Pensions.
Insurer brings travel inhouse to grow market share
Bupa Travel today announced it was taking over the management of all aspects of its products and underwriting. Previously the company operated in conjunction with Royal and Sun Alliance.
AM Best downgrades Endurance Specialty
AM Best has downgraded the financial strength rating (FSR) to A- (Excellent) from A (Excellent) and the issuer credit rating (ICR) to "a-" from "a" of Endurance Specialty Insurance and its operating affiliates.
AIG brings in new staff
American International Group (AIG) has announced that its Board of Directors has elected John W. Keogh senior vice president, Domestic General Insurance and Michael Mitrovic vice president, Claims.
Oval grows its Midlands corporate team
Oval Insurance broking, the UK insurance broking group backed by Caledonia Investments, has recruited three senior specialists to its existing corporate insurance team in the Midlands.
AM Best downgrades “monoline” IPC, despite $600m fund-raising
AM Best has downgraded the financial strength rating of Bermudian reinsurer IPC Holdings to A (Excellent) from A+ (Superior) and issuer credit ratings (ICR) to ‘a’ from ‘aa-‘. The rating action applies to IPCRe Limited (Bermuda) and IPCRe Europe Limited…
Increased hurricane losses may push Axis to a full-year loss
Bermudian (re)insurer AXIS Capital Holdings has reported a net loss for the third quarter of $468.1m compared with net income of $6.3m in the same quarter of 2004.
Swiss Re announces hurricane losses
Swiss Re has admitted that, that based on current estimates, it expects its aggregate claims for hurricanes Rita and Wilma to be approximately $750m.
RSA: US update
Royal and Sun Alliance this morning revealed that it had settled one its outstanding US legal battles and completed a deal to sell its American non standard motor business.
SEC probe sparks RenRe resignations
RenaissanceRe Holdings has announced the resignation of James N. Stanard, chairman and chief executive, following the ongoing investigations resulting from the company's restatement of its financial results earlier this year.
Lloyd's insurer to raise £72.8m
Lloyd's insurer Kiln this morning announced a rights issue to raise £72.8m. At least £40m of the net proceeds will be used to acquire capacity on Syndicate 510.
RAC launches new advertising campaign
Motoring organisation RAC is launching a new integrated brand advertising campaign. The campaign, which includes TV, radio and national press ads, will start on Sunday 6 November during ITV1's Heartbeat, with a series of 20 second adverts and will…