News
Capita shelves Zurich re-tender
Capita Insurance Services has decided not to re-tender for a property repair contract with Zurich wo...
Groupama Insurances claims success
Groupama Insurances this week claimed it had become the first insurer to successfully establish conn...
Appointment at HSA
Health cash plan provider HSA has made John Dean sales and distribution director. He was previously ...
Highway insists it is not 'for sale' despite talk
The saga of on-off consolidation in the UK motor market took another turn last week when Highway ann...
Brit Insurance promotes Mike Sibthorpe
Brit Insurance has promoted Mike Sibthorpe, underwriting director of its London Market division, to ...
RSA refutes claims fears for 'naked' streets
A leading insurer has quashed fears a scheme to develop 'naked streets' will cause claims to rise. ...
Marsh confident of no UK charges
Broker Marsh this week stressed its certainty that none of its UK employees will face any criminal c...
MEP applauds 5th EU Motor Directive
Malcolm Harbour MEP, conservative spokesperson on the internal market in the european parliament, has welcomed the vote to agree the 5th Motor Vehicle Insurance Directive.
DTI sets 12 week deadline for warranty retailers
The Department for Trade and Industry has announced better protection for consumers taking out extended warranties will come into force in April. Retailers now have 12 weeks to make the changes necessary to comply with the new laws.
Xchanging unveils new version of Genius
Xchanging has launched a double byte character set version of Genius, the company’s internet-enabled general lines insurance underwriting system, in Japan and China.
S&P warns reinsurers over price cuts
Standard & Poor's today published its biannual report of the world's largest reinsurers.
New York appeal court reverses access decision
A case cited in the January issue of Reinsurance Magazine has been reversed on appeal. In Gulf Insurance Co. v. Transatlantic Reinsurance Co., No. 601602/03 (N.Y. Sup. Ct. May 21, 2004), the Supreme Court of the State of New York, the state's trial-level…
Admiral highlights hugely increased ad spend
Before entering its closed period on 21 January 2005, Admiral Group today provides an update on current trading.
Former XL Capital executive joins Q Know
Information management software provider Q.Know Technologies has announced that Nicholas Brown has joined its board of directors.
AM Best affirms Hannover Re subsidiary rating
AM Best has affirmed the financial strength rating of A- (excellent) of Hannover Life Reassurance (UK) (HLRUK) and assigned an issuer credit rating of “a-”. The rating outlook is stable.
Zurich Municipal in motor fleet pledge
Zurich Municipal hopes to protect local authorities from legislation making them responsible for employees’ safety behind the wheel.
Axa keeps Seachlight Solutions for third year
Axa has formally retained insurance training specialist Searchlight Solutions for a third year to provide training to its partner brokers through its local training clubs initiative.
Brit underwriting director joins executive management committee
Brit Insurance Holdings has appointed the underwriting director of its London Market Division, Mike Sibthorpe, to the Group's Executive Management Committee.
Willis continues to buy network members
Willis has acquired CR King and Partners, a Northampton-based insurance broker with £1.3m in revenues. The terms of the transaction are not disclosed.
AIR includes new Florida law in modeling system
AIR Worldwide has incorporated Florida's recently mandated annual hurricane deductible into its detailed catastrophe modeling system. Starting immediately, AIR can analyze the impact of the deductible changes on insurer portfolios.
Biba offers advice to those hit by floods
The British Insurance Brokers' Association has issued advice to those currently affected by the floods in the North of England.
Tokyo and San Francisco pose huge risks, warns Munich Re
Munich Re has warned that Tokyo and San Francisco are the cities facing the biggest damage potential from natural disasters like earthquakes. They are followed by Los Angeles, Osaka, Miami, New York and Hong Kong.
Guy Carpenter report looks at US renewals
Guy Carpenter has released its annual report on pricing at renewals. Titled: US Reinsurance Renewals at January 1, 2005, the report found pricing generally to be flat to slightly down.
Markel seeks rating after $50m cash injection
Markel International today announced it is injecting an additional $50m of capacity in Markel International Insurance Company, its London based insurance arm. Following the move, MIIC will have shareholders funds of approximately $300m.