News
Hannover Re posts healthy profit
Hannover Re has built on its successful first quarter 2003 figures by posting an operating profit of ...
Palmer & Cay starts up reinsurance branches
US-based insurance brokerage firm Palmer & Cay has entered the reinsurance market for the first time ...
Swiss Re raises concerns over rating agencies
Swiss Re's latest sigma study, titled Insurance Company Ratings, has raised worries over the way that...
No longer big in Japan.
The Japanese motor insurance sector has been hit hard by both the continuing recession and competition - not least from foreign providers since the market's deregulation. Jeremy Golden examines the strategies insurers are using to steer business back in…
Appointment at Aon.
Aon has appointed Malcolm Forbes-Wilson as corporate product director for its reinsurance and specia...
NPIB sets out on acquisition spree
Norwich and Peterborough Insurance Brokers is aiming to make three further acquisitions this year, ...
A European union.
Second only to the US, Europe would seem to represent a formidable insurance market and moves towards supranational legislation for a single industry look set to cement this. However, markets within individual countries vary greatly, with some telling a…
Appointment at Alan Boswell.
Lesley Mckee has joined Norwich-based Alan Boswell Insurance Brokers as account executive and will b...
What the papers said this week.
The Times A former railwayman was awarded damages of more than £212,000 after a judge ruled that ...
FSA urged to rethink over status
Several key industry representatives are urging the Financial Services Authority to think again ove...
Airmic "unsurprised" by threat
The Association of Insurance and Risk Managers has said the UK insurance industry should be unsurpr...
Hall and Clarke go live with Sirius S4B system
Specialist motor and aviation broker Hall and Clarke has gone live with Sirius Financial System's S...
Lloyd's tightens up QQS figures
Lloyd's syndicates could see their reliance on temporary reinsurance arrangements cut back next mon...
Budget in B&B deal
Retail broking giant Budget's affinity arm Junction is close to signing a deal to administer home i...
Putting paid to late payers.
Non-payment can be enough to force a small company out of business and with this in mind, the Association of British Insurers is promoting credit insurance. Changes in business practice mean there is an expanding market for this type of cover, however,…
Appointment at AIG Europe (UK).
Scott Morrison has been made assistant vice president for trade credit at AIG Europe (UK). Prior to ...
Waking from the American dream?
The US insurance industry managed to sustain the losses generated by the events of 11 September, however, it must maintain the current favourable pricing trends, in the face of a slump in investment income, in order to mitigate the more serious financial…
TAG could face claim for £12.5m
Manchester-based claims management company The Accident Group could face a £12.5m claim from its 25...
Appointment at Zurich Property Investors.
Zurich Property Investors has recruited Eve Tyrrell-Price to the role of claims account manager. She...
Folgate moves to assist broker exits
The Folgate partnership is launching a trio of new ventures - the Folgate Broker Alliance, the Folg...
S&P gives Aon Negative outlook.
Earnings at Aon's risk and insurance brokerage operations have been blamed for the company receiving...
Swiss Re partners Czech firm to develop flood risk tool.
Swiss Re and Czech technology company MultiMedia Computer have developed a flood risk assessment too...
DWL teams up with Cresta in Europe push
Canada-based software provider DWL is targeting UK and European insurers on the back of growth in t...
Penny Black's insurance week.
Well, it's clear to Penny that the hard market isn't over yet if the vinous requirements of the City...