News
H&L targets ultra rich as it seeks to double size
High net worth specialist Home & Legacy has stepped up its efforts to double its premium income to £...
Appointment at Halifax General Insurance
Halifax General Insurance has announced the appointment of its first head of communications. Claire ...
HLA Global wins GTS Datanet business
Heath Lambert Group's retail broking network HLA Global has won the business of one of the largest a...
Global insurance figures reveal strong growth
Global premium volume across the insurance industry amounted to some £1 600bn, of which £922bn was attributable to life insurance and £655bn to general insurance, according to the latest figures from Swiss Re.
RSA banks another £44m with disposal
Royal & Sun Alliance today said it will bank £44m as a result of its exit from the Chilean life insurance market.
Scor's ratings get boost
Rating agencies Standard & Poor's (S&P) and AM Best have both upgraded the financial strength ratings of troubled French reinsurer Scor.
Global insurance figures reveal strong growth
Global premium volume across the insurance industry amounted to some £1 600bn, of which £922bn was attributable to life insurance and £655bn to general insurance, according to the latest figures from Swiss Re.
Scor rating upped from negative to developing
A.M. Best Co. has changed the implications of the under review status to developing from negative of the B++ (Very Good) financial strength rating of Scor (Paris), its core subsidiaries and the ratings on debt instruments issued or guaranteed by Scor. …
Liberty Syndicates boosts capacity and appoints COO
Liberty Syndicates at Lloyd's has announced a 31% increase in capacity for its syndicates 190 and 282 to £793 million for 2004, making the managing agency one of the largest in the Lloyd's market. Mark Butterworth, formerly group insurance risk manager…
Scor's ratings get boost
Rating agencies Standard & Poor's (S&P) and AM Best have both upgraded the financial strength ratings of troubled French reinsurer Scor.
Woodstock plans 12 acquisitions in 2004 after signing up trio
Woodstock Insurance Brokers has secured three more acquisitions bringing its total to eight in 21 months. It added that it plans a further 12 acquisitions in 2004 including offices in the north of midlands.
Talbot aims to up profits following capacity boost
Bermuda-based Talbot Holdings has secured capital of $205m (£119m) to support its underwriting activities at Lloyd's for the 2004 year of account.
Axa picks up the Portman account
AXA Insurance has won the Portman Building Society household insurance account which was previously underwritten by Royal & Sun Alliance. Under the deal, Portman members will get a rate freeze until at least 2005.
Ace announces IPO plans
Ace has unveiled plans for an initial public offering (IPO) of its financial guaranty business.
RSA to shut More Th>n call centres
Royal & Sun Alliance's direct personal lines subsidiary More Th>n is to close its Customer Service Centres in Hinckley and Ipswich over the next twelve months with the possible loss of 348 jobs.
Dorset acquisition is Folgate's 30th
The Folgate Partnership has announced its 30th acquisition; Broadstone Insurance Services (General), based in Broadstone, Dorset.
New management shipped in to TBS
Bob Beckett, chairman of fledgling broker network, Total Broker Solutions has put in place a new management team. From 31 December, two outgoing directors of The Beckett Group will transfer to the network — Keith Isherwood, Beckett managing director,…
Benfield links up with Factiva
Reinsurance intermediary Benfield has chosen electronic information company Factiva to provide its employees with news and business bulletins.
Aviva to create 2500 jobs in India
500 UK staff to be redeployed. Compulsory redundancies not ruled out
Investments reduce interim profits at Helphire
Accident management specialist Helphire recorded a pre-tax profit of £1.3m in its interim results released today, a fall of £500 000 from the same period last year largely attributed to investment in infrastructure.
Heath Lambert announces first details of business review
Over 60 staff to transfer to rival JLT
Abbey appoints director of general insurance
Abbey has appointed Richard Field, formerly director of product management at Prudential, as director of general insurance.
AA to take sting out of 'grudge purchases'
The AA has launched a service for AA Visa holders, which may soon be used to gain discounts on their car and motor insurance.
Scor EGA votes for capital increase
Troubled French reinsurer Scor has held an extraordinary general assembly to approve a package of measures to strengthen the company.