News
XL Capital enters US primary casualty risk management market
XL Capital has launched a primary casualty risk management division for the US market. It has also launched an excess workers compensation division to provide statutory catastrophic protection to qualified self-insureds.
Aon subsidiary in German merger
Aon Group subsidiary Aon Jauch & Hübener Insurance Brokers have acquired the shares of Assekuranz Treuhand Stuttgart (ATS), as well as its subsidiary ATS Risk.
UK businesses pay over £1bn in damages in 2003
UK businesses suffered losses in excess of £1.1bn last year as a result of fire, theft, business interruption and weather damage to their premises, according to new statistics published by the Association of British Insurers (ABI)and analysed by Grant…
James takes over at Allianz Life Malaysia
Chris James has been appointed chief executive of Allianz Life Insurance Malaysia Berhard.
Airmic establishes rail industry interest group
A new railway industry special interest group is being set up by the Association of Insurance and Risk Managers, chaired by Malcolm Lambert of London Underground.
ABI and FSA voice concerns over EU gender directive
The Association of British Insurers has called Callum McCarthy's speech today on the draft European Union directive on gender a 'highly significant' intervention in the debate.
Personal lines rates flat for fourth quarter running
Insurance premiums for both motor and home remained flat for the fourth quarter in succession, according to the latest British Insurance Premium Index from the AA.
S&P changes reinsurance reserves criteria
Standard & Poor’s (S&P) has announced that it has enhanced its criteria for evaluating the loss reserves of global reinsurance groups writing casualty business.
Aon reports reduction in US commercial property insurance premiums
A combination of improved investment returns for insurers and increased capacity, together with a significant absence of man-made or natural catastrophic losses in 2003, has resulted in an average reduction in premiums of 10% for buyers of US commercial…
Opus Health and Safety awarded Welsh museum contract
Leading Wales-based consultancy, Opus Health and Safety, has been awarded a three year contract to provide health and safety support to the National Museums & Galleries of Wales.
Layton Blackham Partnership reveals possible sale
Broker network the Layton Blackham Partnership has revealed that negotiations are underway for the sale of a book of business to its new company, Chambers and Newman.
Oval acquires Bland Bankart
Oval today announced that it has acquired Bland Bankart, the Leicester based insurance broker, for a mixture of cash and Oval shares.
Pool Re exempt from Competition Act for terrorism reinsurance
The Office of Fair Trading (OFT) has concluded that Pool Re’s rules for terrorism reinsurance for commercial property merit an individual exemption from the chapter 1 prohibition of the Competition Act of 1988.
Novae benefits from additional PRI recruits
Novae Underwriting has announced further underwriting appointments with general liability underwriters, Nick Ventham and Michael White joining the start up.
CII and Biba team up for regional training programme
The Chartered Insurance Institute and British Insurance Brokers’ Association have teamed up to provide a regional training programme for members of both organisations and the wider industry.
Benfield sells business to private investors
Broker Benfield has announced that it has sold of its technology subsidiary Wildnet to a consortium of private investors.
S&P withdraws ACTR from ratings
Standard & Poor’s (S&P) has announced that it has first lowered and then withdrawn the counterparty credit and financial strength ratings of Ace Capital Title Reinsurance (ACTR).
Corifrance triples profits in 2003
Compagnie de Reassurance d’Ile de France (Corifrance) has announced that it made a post-tax profit of €2.9m, almost three times the €1m it posted in 2002.
Scor applies for Chinese reinsurance license
Scor Group has applied to the China Insurance Regulatory commission (CIRC) for a reinsurance licence.
Fusion Insurance opens regional office in Manchester.
Fusion has opened a regional office in Manchester.
Zenith extends full cycle EDI capacity on commercial vehicle product
Zenith has announced that the full cycle development of its Commercial Vehicle product has now been completed with Sirius for PMB (Unix) and Aquarius users.
AST plans to double staff
Graduate placement consultancy A Sure Talent is set for significant expansion this year on two separ...
Know Your Rights: This month - Religious Discrimination
David Fleming explains what new legislation on discriminating on the basis of religion or beliefs means for employee rights
Less than 10% of company directors are women
Fewer than one in 10 company directors in developed countries are women, according to a new survey. ...