News
Allianz Cornhill appoints Higgs and Sons for legal panel
Black Country law firm Higgs and Sons has been appointed by Allianz Cornhill Legal Protection as its panel solicitors to handle a variety of legal issues on behalf of their customers.
Saga MBO for £1.35bn
The management of Saga, supported by Charterhouse, have agreed an MBO of the company for an enterprise value of £1.35bn.
Polaris and Sirius agree imarket integration terms
Polaris UK and Sirius Financial Systmes have agreed imarket integration terms that will allow brokers to enter data into their own system.
HBOS GI acquires medical agency
Mentor Professional Services, part of HBOS General Insurance, has acquired Liverpool-based medical agency, Micrah Services.
BDML appoints new board member
BDML Connect has promoted Mark Townsend to the role of chief operating officer and he will become a member of its board.
Willis acquires CH Jeffries Insurance Brokers
Global insurance broker Willis Group Holdings has completed the acquisition of CH Jeffries Insurance Brokers Limited, a North West England-based broker with annual revenues of approximately £2.5 million. The transaction, whose terms are not disclosed, is…
Aon begins CEO search
Aon has announced it is searching for a new chief executive after Patrick Ryan confirmed he will step down once a successor is found.
NIG pushes motor scheme
NIG is reinforcing its Guaranteed Bonus Scheme through a new marketing initiative to brokers, enabling personal lines policyholders to stay at the maximum no claim bonus level, irrespective of the number of claims made.
CII unveils Faculty of Insurance Broking
The Chartered Insurance Institute (CII) has today (October 1, 2004) launched the Faculty of Insurance Broking, the latest in a range of CII faculties that already include claims, the London Market, mortgage professionals and Society of Financial Advisers
Kiln estimates hurricane losses
Lloyd's insurer Kiln said the results of an initial review into losses from this year's weather catastrophes will be within £10-£15
CII: Insurers must build investor confidence says James
Lloyd's director of worldwide markets, Julian James today delivers his address to delegates of the Chartered Insurance Institute conference, on the subject of “Making the World Feel Good About Insurance”
Broker Network makes East Anglian buy
The Broker Network has announced the acquisition of Norfolk and Suffolk Insurance Brokers, it's ninth buy this year.
XL Capital announces hurricane losses
XL Capital has announced that, based on initial loss reports and preliminary estimates, it expects to receive net claims arising from Hurricanes Frances and Ivan of approximately $70m and $150m, respectively.
CII's director general proposes 'Insurance Reputation Index'
Insurance companies must take collective responsibility for repairing their tarnished reputation or face major problems with the recruitment of graduates and skilled staff. Unless insurers develop a cohesive strategy to improve the perception of…
Willis strikes five deals
The Willis Commercial Network today confirmed five new members in Scotland.
Cooper Gay opens US treaty division with John P. Woods duo
The Cooper Gay Group has created a North American Treaty Division and named two senior executives to establish the operation.
Axa manager wins award
James Barwel, a 27-year-old strategic business development manager with Axa Insurance is the winner of the inaugural Young Insurance Professional of the Year Award, sponsored by the Sheikh Abdullah Foundation.
S&P revises outlook on Tokio Millennium Re
Re-ratings
Doha round clears a hurdle to free trade
Progress in international trade liberalisation talks is good news for the (re)insurance industry, writes Marie-louise Rossi
New action team at Lloyd's
Lloyd's has announced the creation of an action team of LMP slip auditors. The team will work with ...
Lessons for all to learn
Underwriters and marine insurers at the recent International Union of Marine Insurance must work out how to find their way back into the black while the clement conditions prevail
Reinsurance prices to fall in 2005, says Aon
Reinsurance buyers have cited price as their main concern when renegotiating their contracts for the...