News
Sabre Insurance founder honoured at CII
In celebration of his 75th birthday, a Sabre Insurance Company stained glass window was unveiled by Sabre’s founding chairman Alan Turner in the museum of the Insurance Hall in Aldermanbury.
British Crime Survey gives mixed results
Crime in England and Wales fell by seven per cent in the past year, according to the British Crime Survey (BCS).
QuestGates acquires Beachams
QuestGates, the specialist loss adjuster which recently set up international joint venture MYI QuestGates in conjunction with McLarens Young International, is continuing its expansion with the acquisition of the business of Beachams.
Moody’s eyes possible American Re upgrade
Moody's has placed the A2 insurance financial strength rating of American Re-Insurance Company and the A3 senior debt rating of American Re Corporation on review for possible upgrade.
Fitch downgrades Munich Re
Fitch Ratings has downgraded Munich Reinsurance Company's Insurer Financial Strength (IFS) and Long term ratings to 'AA-' (AA minus) from 'AA'.
Munich Re Q2 results to be hit by reserve strengthening
Munich Re has announced that its second quarter results will be reduced by €0.4bn following reserve strengthening at its American Re subsidiary.
New Australian code of practice introduced
A new code of practice has been introduced by the Insurance Council of Australia (ICA) that, according to the ICA, will mean general insurers will meet higher, measurable performance standards for dealing with customers, including settling claims in…
Allianz Cornhill rolls out EDI household product on Sirius
Allianz Cornhill has announced that, its flagship full cycle EDI home product, Harmony, has gone live with broker software supplier Sirius following a successful pilot phase.
Hiscox announces US expansion and new president
Hiscox has announced the appointment of Ed Donnelly in the newly-created position of president of Hiscox USA. Mr Donnelly will report to the director of underwriting, Robert Childs, and be based in Armonk, New York.
Towergate expands East Midlands footprint
The Towergate Partnership has announced the opening of a new office in Nottingham, which will be headed by Neil Emerson and Sally Swann, formerly of Bland Bankart.
Crawford's Clough opts for Argent
Argent Liability Adjusters has recruited David Clough as a senior adjuster at its Leicester office.
Union slams CIS
Retail union Usdaw has held emergency talks with its members at Co-operative Insurance Society after the insurer’s decision to press ahead with its new sales force structure.
Catlin Guernsey opens for business
Catlin has announced that CatlinGuernsey Limited is now actively underwriting aviation insurance for commercial policyholders.
OFT appoints Fingleton from Irish counterpart
Trade and Industry Secretary Alan Johnson today announced the new chief executive of the Office of Fair Trading (OFT). John Fingleton, currently the Chairperson of the Irish Competition Authority, will take up his position in October 2005 for a five year…
Scot Prov continues transparency push
Scottish Provident has launched a guide to underwriting and claims for intermediaries selling protection cover.
CIS details restructuring progress
Co-operative Insurance Society has announced that it is fully on target to realise all the benefits from its modernisation programme, and that many changes already implemented are realising benefits ahead of schedule.
S&P unveils syndicate assessment review
Standard & Poor's Ratings Services (S&P) has announced the results of its latestSyndicate Assessment (LSA) review, which considered the 2004 syndicate reports and accounts published during the first quarter of 2005.
Hank Greenberg to defend AIG accounting
Lawyers for Maurice "Hank" Greenberg are to present Securities and Exchange Commission regulators with a series of "white papers", defending the way he handled accounting while at the helm of American International Group, according to the Financial Times…
Moody’s withdraws Radian Re’s ratings
Moody's Investors Service has withdrawn the Aa3 insurance financial strength rating (IFSR) of Radian Reinsurance.
NU gives adviser network commission bonus
Prestbury Holdings plc has announced an agreement with underwriting agency PlusOne to sell Norwich Union’s general insurance products.
Heath Lambert gets Atomic boost
Heath Lambert Group has been appointed as broker to the Atomic Weapons Establishment.
IT experts appoint Balcombe for insurance role
Justin Balcombe has been appointed by IT services provider Steria, as head of UK insurance consulting.
VAT on outsourcing: Download paper now
HM Revenue & Customs has just published its consultation document on VAT and outsourcing which could have a major impact on the insurance industry.
Gen Re investigation looking at CEO role in AIG deal, claims WSJ
Officials investigating a finite reinsurance deal executed in 2000 by General Reinsurance and American International Group (AIG) are examining whether Gen Re's current chief executive, Joseph P. Brandon, had a role in the deal, according to the Wall…