News
Equitas reaches agreement on asbestos insurance dispute
Equitas has reached a comprehensive agreement to settle Hercules’s insurance claims against certain underwriters at Lloyd’s of London reinsured by Equitas.
SME figures suggest rising numbers
The Small Business Service, an executive agency of the Department of Trade and Industry, has published small and medium-sized enterprise statistics for the UK in 2003.
Fortis insurance profit up by 20%
Fortis’ insurance business has reported a 20% increase in its net operating profit to EUR 766m in the first half-year of 2004, in comparison with the same period last year.
Heath Lambert appointed to Cleanaway
Heath Lambert Consulting has been appointed by waste management group, Cleanaway, after a four-month selection process.
Swiss Re doubles profit while premiums decline
Swiss Re’s profit doubled to CHF 1.4 billion (£611m) in the first half 2004. Total premiums earnedwere CHF 14.1 billion, a decline of 2% on 2003, as Swiss Re continued to underwrite selectively and focus on profitability, according to a company statement.
Scor announces improved results
French reinsurer Scor has announced that its first half 2004 results reflected a steady improvement in the technical quality of the Group’s underwriting.
Former XL chief appointed head of Arch underwriting
Arch Insurance Company (Europe) has announced the appointment of Nicholas Metcalf to the newly created position of director of underwriting.
NU strengthens relationship with Co-op
Norwich Union has been chosen by The Co-operative Bank to be its exclusive provider of payment protection insurance on all loan and credit card products.
Premium Credit and Acturis team up
Brokers can now place their clients' insurance and arrange premium finance on the Acturis broking sy...
Creditors unlikely to receive dividends
The liquidator of collapsed intermediary Tribune Risk and Insurance Services said it is unlikely cre...
Lloyd's uses Namecos to target hedge funds
Hedge funds are the latest target for investment in Lloyd's, with tradeable Namecos being offered to...
Zurich blames rates for corporate drop
Zurich has claimed its 2002 restructuring programme has helped the insurer achieve positive figures ...
Hurrican Charley causes havoc
Eight international insurers and reinsurers have calculated combined losses of around $715m (£398m) ...
Reborn Heath Lambert keen to expand UK SME business
Heath Lambert's UK managing director this week stressed that the "pendulum had swung over" and that ...
Appointment at Intech Solutions
Intech Solutions has appointed a new team to support its Open Xposure product. The team is headed by...
What the papers said this week
THE TIMES Motor insurers are charging customers who pay their premiums in monthly instalments inter...
Appointment at Hillman Saunders
Insurance recruitment specialist Hillman Saunders has made Yasmin Hussein consultant in its Manchest...
Appointment at Concordia Consultancy
Concordia Consultancy has made Ian Watt senior consultant within its chartered loss adjusters servic...
Hiscox announces reduced account capacity
Hiscox has announced reduced account capacity on Syndicate 33 for the 2005 year of account, predicti...
Boscastle: 12-month BI claims
Insurers look set to face business interruption claims of up to 12 months, after loss adjusters in B...
SMEs get help over robbery claims
The Metropolitan Police have joined forces with the security industry, insurers and retailers in an ...
Lloyd's and brokers face human rights rap
Lloyd's, Aon and Willis have been singled out by a human rights organisation for trading in Burma. ...
Appointment at Miller
Miller Insurance Services has made three senior appointments to its reinsurance team. Jeremy Connor ...
Saga refuses to comment
Saga has refused to comment on the prospects of a £1.2bn sale of its business to one of 10 possible ...