News
National Australia Bank awards trave insurance contract
National Australia Bank has awarded a travel insurance contract to Axa in the UK. Under the contract...
Lloyd's hit by bogus cover
An investigation into bogus excess liability trucking insurance that was sold using the Lloyd's bran...
Willis acquires market leader
Broking giant Willis has said its acquisition of Coyle Hamilton will enable the Irish intermediary t...
What the papers said this week
Daily Mail The wash-out at Wimbledon on the first Wednesday at the All England Championships last w...
THB appoints new board members
AIM-listed broking group THB has appointed a number of new board members. Group human resources dire...
Biba offers to step in over Zurich row
The British Insurance Brokers' Association has offered to intervene in the row over Zurich's decisio...
FSA warned over broker levies
The Institute of Insurance Brokers has threatened to take the issue of brokers paying a compensation...
S&P revises Hannover Re outlook
Standard & Poor's Ratings Services (S&P) has revised its outlook on German reinsurer Hannover Rückversicherung (Hannover Re) and other core members of the Hannover Re group to stable from negative.
S&P downgrades Gothaer Re
Standard & Poor's Ratings Services (S&P) has lowered its counterparty credit and financial strength ratings on Germany-based reinsurer Gothaer Rückversicherung AG (Gothaer Re) from 'A-' (strong) to 'BBB' (good).
Insurers launch car security awards to help cut crime
The British Crime Survey, which the Home Office believes to be the most authoritative indicator, has shown that car crime has plummeted 23% since 1999.
Sibthorpe takes over Brit London market division
Brit Insurance Holdings has appointed Mike Sibthorpe as underwriting director of its London Market centre, the largest of its three underwriting centres with about £600m of capacity for 2004. PLC (“Brit” or “the group”), the UK general insurance group,…
Post & Insurance Age scoop journalism gongs
Post Magazine and Insurance Age editorial staff have received four awards at this year's British Insurance Brokers' Association Journalist of the Year event.
Fitch affirms PartnerRe ratings
Fitch Ratings has affirmed the 'AA' (very strong) insurer financial strength rating of Partner Reinsurance.
Managers in insurance overworked, according to CII survey
Managers in insurance are overworked, put business ahead offamily, and work within a negative culture, according to a survey released today by the Chartered Management Institute and Adecco. The Business Energy Survey questioned over 1,500 managers across…
THB recruits trio for board
AIM-listed broking group THB today announced three new appointments to strengthen the board with effect from 1 July 2004. THB also announced that it intends to split the roles of chairman and chief executive, presently held by Vic Thompson, with the…
Moody’s predicts strong growth for China market
China's insurance sector, both in life and property and casualty (P&C) industries, is set for strong growth, according to two new reports from Moody's Investors Service.
Axa in new bank tie up
National Australia Bank had awarded a travel insurance contract to Axa in the UK. Under the contract, Axa travel insurance policies will be offered to customers of the National’s four European banks – the Clydesdale Bank, Yorkshire Bank, Northern Bank…
New BlueSky directors map out new course for business
The aerial photography company BlueSky has appointed three directors following a management buyout from Getmapping.
XL Capital announces increased capacity
XL Capital has announced that its insurance operations will provide commercial property insurance capacity of up to $500m, allowing it to underwrite entire global property programs on a selective basis.
XL gets Poland licence
XL Insurance Company (XLICL), part of XL Capital (XL), has received permission from KNUiFE, the Polish Insurance supervisory body, to carry out insurance activities in Poland. Following formal registration by the National Court of Poland the Polish…
ISO report looks at US P/C market
The U.S. property/casualty industry’s net income after taxes rose to $13.3bn in the first quarter of 2004 from $6.5bn in the first quarter of 2003 as insurers posted an underwriting profit for only the second time since the start of quarterly data going…
Sporting clubs get specialist employers’ liability
Sports underwriter, Sportscover UK, has completed development of what it claims is the first sports specific employers’ liability facility in the UK.
Medniuk new chairman of IUA
The International Underwriting Association (IUA) has appointed Tony Medniuk as its new Chairman. Mr Medniuk is group chief executive of Global Aerospace Underwriting Managers. He takes over from Stephen Cane, chief executive of Alea London who has held…
Homeowners under insured for possessions left outside, says new report
Many homeowners may be inadequately insured for possessions which are left outside, according to a new report, Home Insurance in the UK, published by Defaqto.