News
Moody’s rates Axis offering
Moody's Investors Service has assigned a Baa3 rating to the $200m Series B Preferred shares to be issued by AXIS Capital Holdings. The net proceeds from the offering are expected to be used for general corporate purposes. Additionally, Moody's has…
Amlin announces Bermuda team
Amlin has announced that the underwriting team for its new $1bn Amlin Bermuda operation will be headed by underwriting director, John Andrews.
Get your house in order
The Financial Services Authority looks set to crack down on the assessment of training and competence in the near future. This means it is time for brokers to make sure they are up to speed in these areas, claims Ian Jerrum
Wellington Underwriting updates its market losses
Lloyd's insurer Wellington Underwriting has updated its market losses from hurricane activity during...
£1m broker buy fund opens
Premium Credit is launching a new operation, Broker Acquisition Finance, aimed at intermediaries see...
Fortis Insurance reports over-whelming response
Fortis Insurance has reported an over-whelming response to its solutions centre initiative, with rep...
EC review set to delay VAT bill
The UK insurance industry could be spared paying millions in additional VAT on outsourced services u...
Insurer in new fraud fight plea
Ecclesiastical Insurance is urging insurers to fund research it thinks could help in the fight again...
Spotlight on income as RSA falls short
The pressure is back on Royal and Sun Alliance to achieve top-line premium growth after one city ana...
Construction loses faith in insurance
The construction sector is losing faith in insurance, singling out the professional indemnity market...
Gross premiums on the London market fell in 2004
Gross premiums on the London market fell 15% in 2004 to £21.7bn, according to UK industry trade body...
FSCS holds off on further levy
Recoveries made from the estates of Independent Insurance, Chester Street, and the five insolvent Kw...
Ascot Underwriting receives support
Ascot Underwriting has received both Lloyd's and capital support to increase the capacity of Syndica...
Groupama Insurances announces results of review
Groupama Insurances has announced the results of the review of its healthcare business following the...
Around the world
With a portfolio accounting for one-quarter of the group's revenue, Royal and Sun Alliance's Simon Lee told Ralph Savage why the insurer is growing impatient with Indian politics
Charles Taylor Consulting purchases LCL Group
Charles Taylor Consulting has purchased run-off specialist LCL Group and LCL Acquisitions. ...
Legal and General appoints Quest Gates
Legal and General has appointed Quest Gates as its sole liability adjuster. The contract is for both...
Heath Lambert reveals it is now ready for acquisitions
Heath Lambert this week revealed it was ready to end its six-year acquisition drought. Chief execut...
Compensation Bill set for amendments
The House of Lords' second reading of the Compensation Bill is likely to see numerous requests for a...
Hiscox considers moving parent company to Bermuda
Lloyd's insurer Hiscox is considering moving its parent company to Bermuda. The company said: "The b...
Losses in the US hit all-time high
US general insurers have paid an all-time record $40.8bn (£23.5bn) to homeowners and businesses for ...
Terry Dunning to join Garwyn as divisional director
Terry Dunning, formerly director of construction at GAB Robins, is joining Garwyn as divisional dire...
Fifa confirms insurance scheme
Football's world governing body, Fifa, will pilot an insurance scheme at next year's World Cup to pa...
Brit Insurance announces claims arising from Hurricane Wilma
Brit Insurance has announced that claims arising from Hurricane Wilma, net of reinsurance recoveries...