News
CILA: fit for the future?
Gerald Williams' year-long presidency of the Chartered Institute of Loss Adjusters ends in April. His theme for the year was keeping fit. Jane Bernstein asks him if he believes CILA and the loss adjusting sector have a healthy future.
Brokasure Enterprise goes live.
Software specialist Rebus iS' new open-platform international broking system Brokasure Enterprise ha...
Fortis has agreed to transfer ...
Fortis has agreed to transfer its French insurance business Fortis France to Swiss Life in a deal w...
On merger manoeuvres.
While the frenzy of merger activity that characterised the last few years in the UK has slowed, insurers seem to have bucked the trend. Lynn Rouse says companies are still eyeing each other with interest and recruiting armies of advisers to ensure they…
GISC claims members hike.
The General Insurance Standards Council has admitted 215 businesses as members since the Treasury's ...
XL plummets into $576m loss in 2001
Bermudian (re)insurer XL Capital made a $576m loss in 2001 compared with a $506m profit in the previo...
ABI/BBA merger plan
Paul Spencer, UK chief executive of insurance giant Royal & Sun Alliance, speaking exclusively in Pos...
Government steps in over Fairchild asbestos ruling
The government has stepped in to extend the compensation scheme for sufferers of respiratory industri...
Ace makes fourth quarter profit but full year loss
Bermudian (re)insurer Ace made a $146m net loss in 2001 compared with a $543m profit the previous yea...
Markel International rating under review
Moody's may downgrade its 'Baa3' (adequate) senior debt rating on Markel International. Moody's has...
Overseas Partners is put into run-off
Bermudian reinsurer Overseas Partners (OPL) has put most of its operations into run-off with the clai...
PXRe reports larger loss last year
Bermudian reinsurer PXRe has reported a net loss of almost $18m for 2001, a significant increase on t...
PartnerRe rockets ahead in fourth quarter
PartnerRe boosted its profit by 74% year-on-year to $28.9m in the fourth quarter of 2001 although the...
Asbestos victims protest
Asbestos-related disease sufferers are today expected to protest at a meeting of Turner & Newall cred...
GoshawK Re opens for business
GoshawK Re has opened for business in Bermuda and announced a new senior management team. GoshawK ...
Nissan and Yasuda agree merger details
Yasuda Fire & Marine Insurance and Nissan Fire & Marine Insurance have agreed the terms of a merger o...
US managing agents organisation picks manager
The American Association of Managing General Agents (AAMGA) has appointed Accolade Management to run ...
Odyssey Re slips into loss in 2001
Odyssey Re made a $6.7m net loss in the fourth quarter 2001 compared with a $15.9m profit a year befo...
Inreon to help Acord set up reinsurance e-commerce standards
The on-line reinsurance trading system Inreon has joined the global insurance standards organisation ...
Californian convicted of Lloyd's name fraud.
Lloyd's has become embroiled in another scandal regarding the improper use of its name, after a Calif...
Appointment at Countrywide.
Three new appointments have been made to the Countrywide team. John Teager joins from HSBC Select, w...
Hampshire wins Helvetia agency contract.
Hampshire Insurance Services has won a contract to be the UK's sole underwriting agency for insuranc...
Stress threat abated by "realistic" ruling.
Liability insurers could save millions in claims, after the Court of Appeal this week clarified a fr...
Lloyd's insurer Amlin ...
Lloyd's insurer Amlin has raised £17.15m from its existing shareholders through its latest rights is...