News
Corporate manslaughter worries
Senior managers involved in corporate manslaughter cases will be ineligible for cover under their em...
Appointment at Helphire Group
Helphire Group has made Richard Arnold business development manager. He will be responsible for gene...
Executive chairman steps down at Community Broking Group
David Worsley, executive chairman of the Community Broking Group, is to step down, with Laurie Turnb...
Lloyd's insurer Kiln announces rise in profits
Lloyd's insurer Kiln claimed it was in the interest of every managing agent to own as much of its ow...
Brokers targeted with army launch
A new accident and life insurance product for military personnel will not include restrictive clause...
Plug is pulled on fast-track EL pilot
Insurers' battle to cut employers' liability claims costs hit another snag this week after the gover...
Omega raises £18.2m with AIM flotation
London Market News
Appointment at IHI
International health insurer IHI has appointed Sue Summers to the group board as sales director. She...
DAS doubles maximum limit of indemnity
DAS has doubled the maximum limit of indemnity for commercial policyholders. The new limits that app...
Blackout claims to rise
Power outages, like those experienced in New York City in 2003, represent a potential 'mega risk' to...
The race is on
The Association of British Insurers has urged politicians to "keep their foot on the accelerator" in...
Hank Greenberg resigns from Transatlantic Holdings
Reinsurer Transatlantic Holdings has announced that three former executives from troubled American International Group (AIG) have resigned from its board. The company also said it was cooperating in all investigations involving AIG.
Lloyd’s reduces reliance on reinsurance
Lloyd’s of London is now less reliant on reinsurance according to its financial results for 2004.
US asbestos bill faces hurdles
US Senate majority leader Bill Frist has announced that he is confident that a bill setting up a national fund to pay a flood of asbestos claims will be tabled in the Senate soon, despite insurers' calls to try to resolve the problem in the courts.
Lloyd's records "unthinkable" profits claims Levene
Lloyd's today announced a £1.36bn profit for 2004, something chairman Lord Levene said would have been “unthinkable” a few years ago given the catastrophe losses it suffered.
Kiln in upbeat 2005 forecast after encouraging results
Lloyd’s insurer Kiln has revealed record 2004 profits.
India on track to raise insurance limit to 49%
The Indian government has confirmed that it plans to proceed with plans to increase the overseas investment limit in local insurance companeis to 49% from its present 26%.
5 May election date raises ABI fears
Politicians were today urged to “keep the foot on the accelerator” in legislative drive to reduce uninsured driving as public opinion backs clampdown. The Association of British Insurers said these proposals must not be the ‘ innocent victim’ of the…
Solvency 2 ratings impact measured
Rating agency Fitch has said it does not expect to change the ratings of many insurance companies as a direct result of the new Solvency II regime to be introduced across the European Union (EU). This is because many rated insurers already hold capital…
Spitzer speaks out on AIG investigation
New York attorney general Eliot Spitzer has commented on the ongoing investigation involving America International Group (AIG) and alleged questionable practices.
Zurich in $1.1bn motor trade sale
Hellman & Friedman, a San Francisco-based private equity firm, has signed a stock purchase agreement to acquire Universal Underwriters Group from Zurich Financial Services Group in a transaction valued at approximately $1.1 billion.
Motor specialist makes cherished buy
Adrian Flux Insurance has acquired Herts Insurance Consultants, a provider of modified and cherished car insurance products.
Axa Re records stable profits despite catastrophic loss events
Axa Re Group recorded a consolidated net income of €129m (adjusted in consideration of the impact from the deconsolidation of US affiliates) in 2004.
Aon names new head Case
Aon has elected Gregory Case as president and chief executive officer, effective immediately. He succeeds Patrick Ryan who has served as Aons's CEO since the company was founded.