News
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...
Know your rights: This month - Workplace Surveillance
Nicola Hosfield explains the various regulations, codes of practices and guidelines that govern employee rights in the emotive areas of surveillance and monitoring
ART deals change direction, claims Schofield
The number of Alternative Risk Transfer (ART) deals on the insurance market has peaked and could soon start to decline, according to Oliver Schofield, director at Aon Group’s property global practice.
Allianz Cornhill offers counselling for victims of Glasgow blast
Allianz Cornhill has issued the following statement after the Stockline Plastics Factory explosion in Glasgow:
Mortimer steps in at Smart and Cook
Tim Mortimer has joined broker Smart and Cook as operations director.
RSA: general sees £127m profit
Royal and Sun Alliance's general insurance business recorded a profit of £127m for the first quarter of the year, compared to £169m for the same period last year. The UK business's overall combined ratio was 94.1% compared to 100.3% for the same period…
RSA sees 15% drop in quarter profit
Royal and Sun Alliance has recorded a first quarter profit as a result of the sale of a number of units in the last year. Net income was £51m compared with a loss of £16m in the same period last year. The company's share rose just over 7% on the news.
RBoS arm targets Lloyd's market
Royal Bank of Scotland subsidiary Trust Assured is targeting the Lloyd's and London market with a di...
Hardy sells up Lloyd's stake
London Market News
What the papers said this week
The Independent [TX] You can't wrap your pets in cotton wool but you might think that, if you take ...
UK push for broker
Macclesfield-based insurance broker Bollington is set to grow its presence in London and Manchester,...
Improved access to yacht insurance
Underwriting Risk Services has claimed it is improving access to yacht insurance with the redevelopm...