News
Alastair Whiteside rejoins Capita Insurance Services
Alastair Whiteside has rejoined Capita Insurance Services from Grant Thornton where he has been clai...
The Folgate Partnership confirms purchase
The Folgate Partnership has confirmed its purchase of Lloyd's broker Sterling Hamilton Wright earlie...
Nikko set Goshawk deadline
Nikko Principle Investment has been set a deadline of 12 noon on 23 November to make an offer for reinsurer Goshawk.
Converium sees almost 100% take up on shares
Converium says that close to 100% of purchase rights were exercised in its CHF 533 million capital increase (approximately US$420 million).
Lloyd's looks to raise £500m in debt issue
Lloyd’s is to make its debut in the international debt markets, raising approximately £500m of long-term subordinated debt .
Cat losses will increase Ace COR by up to 6%
Ace has estimated its total net catastrophe-related losses during the third quarter will be approximately $480m (£267m) before tax. This will increase the insurer's annual combined ratio from an estimated 88-90%, to between 93-94%.
Tiner to welcome new regime at Parliamentary reception
John Tiner, chief executive of the Financial Services Authority is due to speak to the Post Magazine supported All Party Parliamentary Group for Insurance and Financial Services this afternoon, to welcome the introduction of statutory regulation of…
Resolution names new CFO from Aviva
Resolution Life Group, the closed life fund consolidator, has named Mike Biggs as chief financial officer and board executive director of the company.
Pavilion makes appointments for rapid growth
Pavilion Insurance Network had made four new appointments to prepare for rapid growth.
Helphire buys Albany for £45.8m
The Helphire Group has acquired Albany RTA and Albany Group Holdings giving it over 1.5 million legal expenses insurance policyholders. The two firms have been working together for the last two years.
Hurricane losses will not push rates up
The current predicted level of losses from the 2004 hurricane season may not be enough to reverse the current trend of declining insurance rates in the UK, according to Aon.
First Assist co-founder to leave
First Assist, the health and wellbeing provider, has announced the departure of its managing dfirector Steve Wood, with effect from 31 October 2004.
imarket expands industry integration activity
Polaris has invited further software houses and broker in-house solution providers to integrate with the imarket industry portal.
Aon warns on insurance rates
The predicted level of losses from the 2004 hurricane season may not be enough to reverse the current trend of declining insurance rates in the UK, according to Aon.
Heath Lambert signs contract with Westbury Dairies
Heath Lambert Group has secured a contract with Westbury Dairies to arrange insurance protection for the milk processing plant and to oversee the risk management programme.
Curtel claims new position at Markel International
Markel International has appointed Tony Curtin as claims manager for specialty, property & casualty lines.
Jelf Group to float on AIM
Jelf Group is seeking to raise approximately £2.5m at the placing price, (£2.1m net of expenses and excluding VAT) by a placing of 3,086,420 shares.
RMS releases new version of Climetrix
Risk Management Solutions (RMS) has unveiled its latest version of its Climetrix weather derivatives trading and risk management system.
Hannover Re announces 2005 profit expectation
Hannover Re has announced that in spite of the impact of the recent string of hurricanes to hit the USA, it still expects that its performance in 2004 will exceed its return on equity target.
Duo return to Capita
Capita Insurance Services has appointed two senior loss adjusters, Alastair Whiteside and Peter Shaw, as directors of the technical adjusting division.
DFSA lays out regulatory framework
The Dubai Financial Services Authority (DFSA) has announced the details of its regulatory framework.
S&P ups RSA's rating from negative to stable
Standard & Poor's Ratings has revised its outlook on the main operating entities of Royal & Sun Alliance to stable from negative.
Insurers urge recycling of motor parts
A group of insurers is urging the insurance and vehicle repair industry to use recycled parts for companies and consumers alike.
Guardian swoops for Link
Guardian General and the shareholders of Zenith have signed a memorandum of understanding under which Guardian intends to purchase the entire share capital of the Zenith with the exception of its Lloyd's businesses, which are currently in run-off. It is…