News
Moody’s puts Odyssey Re on review
Moody's Investors Service has announced that it has placed the Baa1 (adequate) insurance financial strength ratings of Odyssey America Reinsurance Corporation and Clearwater Insurance Company (previously named Odyssey Reinsurance Corporation),…
DWP publishes rehab paper
The Department for Work and Pensions has published its discussion paper on vocational rehabilitation, to help people overcome health or disability-related barriers they may face in returning to work. The paper follows the department's review of Employers…
Kiln buys stake in South African underwriter
Kiln, a subsidiary of Lloyd's managing agent RJ Kiln & Co, today announced it has acquired a 25% stake in South African underwriter International Marine Insurance Managers.
Brokers merge to create new property powerhouse
Cadogan Insurance Services and Deacon Insurance Services Limited have announced plans to merge on 1 July 2004.
Groupama underwrites Qdos's legal expenses scheme
Groupama has secured a deal to underwrite Qdos's legal expenses scheme through the coverholder Composite Legal Expenses.
Stockmarket worries decline in Swiss Re survey
Economists’ worries about a decline in stockmarkets are tapering off, according to a new survey carried out by Swiss Re.
CIS ties up second broker deal
Co-operative Insurance Society this week became the latest underwriter to join the motor insurance panel of broker Budget.
American insurers get subpoenas in probe over fees
New York Attorney General Eliot Spitzer’s office has issued subpoenas to several major insurance companies in his probe of fees received by insurance brokers, the New York Times said.
RSA announces three-year charity partnership with Samaritans
Royal & SunAlliance has announced a donation of £750 000 to The Samaritans – the emotional support charity – as part of its ongoing commitment to the education and welfare of young people in the UK.
Heath Lambert wins personal lines affinity contract
Broker Heath Lambert has won the contract to supply online home insurance for UpMyStreet.com, a provider of local information services.
Darling joins S&F premium finance arm in move from Close
Singer & Friedlander Insurance Finance, has appointed Bob Darling to the post of managing director.
NIG set to snap up Congregational & General business
Congregational & General Insurance has announced it in final negotiations to transfer the renewal rights of its general commercial book of business to NIG.
New farming cover launched by broker Powell
Crowe Livestock Underwriting and Powell Insurance Brokers have launched an insurance policy for the UK poultry farm sector.
Reduction in capacity impacts Hannover Re earnings
Reinsurer Hannover Re has reported operating profit increases of 41.8% to 154.5m euro (£104.7m), for the first quarter of 2004, with quarterly net income rising by 36.1%, despite what it describes as "Markedly less premium income than the same period…
CII office nominations announced
The Chartered Insurance Institute has announced the nominations for its line-up of office holders for the 2004-2005 Institute year.
Junction confirmed as Post Office motor insurance partner
The Post Office has officially announced, Junction, the affinity division of the Budget Group of Companies, will be the third party partner for the launch by the joint venture between Post Office® and Bank of Ireland into the car insurance market.
Midland broker acquires rival to form £25m group
The KGJ Group of Companies has acquired the Annan Insurance Group of Wolverhampton.
Mazars' broker survey - download the report
The results of the Mazars' survey of 217 chief executives, directors and senior managers at UK brokers and intermediaries — conducted in association with the British Insurance Brokers' Association — is available in PDF format by clicking here
Amlin acquires specialist marine broker
Lloyd's insurer Amlin has acquired SM Marine Holdings which, through its subsidiary St Margarets Insurances , is a leading UK retail yacht insurance broker. SMH had net assets of £1.42 million as at 30 September 2003.
S&P report claims P&C reinsurers have good 2003 despite higher losses
Despite higher insured catastrophe losses in the U.S. in 2003, companies writing property reinsurance realized very strong operating performance, according to a report published by Standard & Poor's (S&P). The ratings agency expects this level of…
RAC Legal Services seeking to educate RTA victims on compensation rights
The majority of Britons (75%) are unaware of their legal rights and confused about when they can make a claim for compensation following a road traffic accident, according to a new study by RAC Legal Services.
S&P North American report card negative
Standard & Poor’s (S&P) has published a new industry report card on North American Reinsurers.
Unum offers return-to-work guidelines
Unum Provident has launched a checklist of guidelines for employers to help members of staff return ...
Broker signs new training deal
Welsh broker Motaquote has selected Acorn Learning Solutions to provide training and development, in...