News
Holland joins Euclidian to run managing agency
Euclidian Group has appointed Andrew Holland as chief executive of its subsidiary Euclidian Underwriting, with immediate effect.
Department of Trade and Industry outsources miners' PI liability claims to Capita
The Capita Group ("Capita") is to manage the contract to administer all miners' personal injury liability claims on behalf of the Department of Trade and Industry ("DTI") with respect to certain health conditions caused by working underground in British…
Axa UK appoints board members
At its meeting on 13 February 2004, the Board of AXA UK approved the appointment of Keith Gibbs and John O'Neill as Board Directors of AXA UK. The appointments are subject to the usual regulatory approvals.
Loss Recovery Group launches new trading name
The Loss Recovery Group today launched its new trading name, Lorega Claims and Underwriting Services.
Hercules annnounces positive year end results
Property insurance and services group Hercules Property Services, has announced an 81% increase in profits before tax for the period up to 31st December 2003, highlighting the growth of its broking subsidiaries, Deacon, Codogan and Farr.
Brit switches household business from Lloyd's to company market
Brit Insurance Holdings has announced that, in keeping with its stated strategy to move UK business f...
Most London market business will have to use LMP slips
New research has revealed that only 5% of open market business will be exempt from the requirement to use London Market Principles slips.
Wellington expects good returns for 2003
Lloyd’s insurer Wellington is forecasting a return on capacity of £699.4m of between 11% and 18% for 2003.
Cobra membership grows
Commercial broking alliance Cobra said it is currently processing six new members to add to the ten that have joined since 1 Decmeber.
Montpelier Re reports record 2003 results
Montpelier Re has announced that it made a net profit of $99.9m for the fourth quarter of 2003, a rise of 35.5% on the $73.7m it made over the same period in 2002. The results take the company’s 2003 figures to a record total profit of $407.1m,…
UCE Business School expands banking and financial services provision
The University of Central England (UCE) has been appointed as the sole academic centre in the UK for Institute of Financial Services ifs/UMIST diploma and degree programmes. The appointment makes UCE the largest centre for banking and financial services…
Channel Re gets thumbs up from rating agencies
New Bermudian financial guaranty reinsurer Channel Re has received a financial strength rating of Aaa (exceptional) from Moody’s and AAA (extremely strong) from Standard & Poor’s.
Office moves benefit Birmingham market
Birmingham has seen important office moves this month. Insurance technology provider Sirius is trans...
Three quarters meet new CII framework standards
Around 77% of those candidates sitting the Chartered Insurance Institute's new qualifications framew...
Path to Success: Liability Underwriter
Matt Hunt, 27, is a liability underwriter at new Lloyd's syndicate Illium and talks of his career to date
NU hopeful HHH Business sale will save 250 jobs
Norwich Union today claimed the sale of HHH Business to Folgate highlighted its support for the broker market. It added that it was hopeful that Folagte would also take on “the vast majority” of HHH’s 250 commercial staff.
Aon announces profit rise
Aon has reported a $215m net profit for the last quarter of 2003, a 15.6% increase on the $186m it made over the same period of 2002.
AA sees decline in motor policyholders
AA Personal Finance has reported an 8% increase in turnover to £186m despite a slight drop in motor policyholders for the 12 months ended 31 December 2002.
Budget makes four more acquisitions
Budget Retail has made a further four broker acquisitions since the start of the year.
Folgate buys HHH commercial
The Folgate Partnership has confirmed that it has acquired Hill House Hammond's commercial business from Norwich Union (Aviva), as predicted by Post Magazine this week.
New head for SOFA
Bob Bullivant is to be the new managing director of the Society of Financial Advisers – the Chartered Insurance Institute’s financial services arm.
Kwik-Fit undergoes rebrand
Kwik-Fit Insurance Services has announced it is to change its name to reflect a growing portfolio of products.
IPC releases Q4 2003 profit figures
IPC Holdings has announced that it made a $65.4m profit in the fourth quarter of 2003, a rise of 327% on the $20m profit it posted in the same quarter the previous year.
Chubb boosts marine team
Chubb Europe has boosted its London marine cargo with the appointment of Kevin Docherty and Geoff Wilkinson.