News
Biba hits out at Airmic over FSA investigation call
The British Insurance Brokers’ Association is concerned that claims by Eliot Spitzer, from the New York Attorney General’s office, of anti-competitive practices in the US insurance sector are unfairly damaging the UK market. It believes irresponsible and…
Hampden completes £5m capacity deal
Hampden Agencies has facilitated the first sale and purchase of five limited liability vehicles, NameCos, representing capacity of £5 million.
Environmental Claims — claim your free place now
Are you involved in claims relating to brownfield sites? Are floods and pollution legacies giving you a headache? Help is at hand. Post Magazine is giving away up to 10 places at its forthcoming Environmental Claims Management Briefing where experts will…
Aon welcomes government compensation culture statement
Aon has welcomed the recent announcement by Lord Falconer from the Department for Constitutional Affairs about the existence of a compensation culture in Britain.
Spitzer inquiry continues to widen
New York Attorney General Eliot Spitzer has announced that he is suing consulting firm Universal Life Resources (ULR), which specialises in life, accident and disability insurance, alleging that the company steered business to insurers in exchange for…
New crash findings set to alarm insurers
New research from Thatcham – the Motor Insurance Repair Research Centre - released today unveiled that many motor models fail to provide proper protection in a low speed crash.
Euclidian confirms merge with Marlborough
Euclidian has announced it will be ceasing underwriting on Lloyd’s Syndicate 1243.
Ace forms strategic advisory group
Ace has formed an advisory group to guide its board on strategic issues and to improve the organisation’s business, industry and political connections.
St Christopher launches insurance to protect banned drivers’ livelihoods
Isle of Man Assurance has launched an internet site for Flashguard, its St Christopher policy, which provides up to £6,000 worth of cover a year to meet the cost of alternative travel while drivers serve out their bans.
Allianz Cornhill announces 18% profit increase
Allianz Cornhill has reported gross general insurance premiums are up 1.8% to £1,354.8m for the third quarter of 2004, with general insurance profit reaching £96.4 million, up 18.4%.
Broadgate enters international property treaty market
Broadgate Syndicate 1301 is to establish an international property treaty account in 2005. Four of the Great Lakes Reinsurance (UK) treaty underwriting team, headed by Bob Katzaros, will be joining Broadgate to build the account, which will comprise…
Zurich suspends staff after Spitzer review
Zurich Financial Services (Zurich) has suspended several employees of the Excess Casualty underwriting unit in the Specialties Business of Zurich North America Commercial following an inquiry into business practices related to the ongoing Spitzer…
NU, Axa and Zurich refuse to join claims body
Three of the largest insurers in the UK have said they will not co-operate with the Claims Standards Council until the accident management industry shows it is capable of good practice.
Carvill Re launched
Carvill has announced the launch of Carvill Re to provide a dedicated focus on expanding its relationships in the London reinsurance markets.
New Aon report looks at airline insurance
The airline sector continued to enjoy significant insurance premium reductions for the third quarter of 2004, according to Aon's 2004 Third Quarter Airline Insurance Market Review. Typical airline renewals saw average hull rate reductions of 12% and…
RSA reports group profit as book continues to shrink
Royal & Sun Alliance today revealed that its combined operating ratio in UK personal and commercial lines had both improved to 97.6% (2003: 101.3%) and 93% (95.3%) respectively for the nine months to 31 September 2004.
Dassenko to join Converium Re
Converium has announced the appointment of Paul E. Dassenko as president and chief executive of Converium Reinsurance (North America) from 16 November, 2004.
Hannover Re hit by nat cat losses
Hannover Re has announced that its results for the first three quarters of 2004 were hit by what it described as “an unparalleled major loss burden from natural catastrophes”.
Path to success: Strategic Business Development
Axa's James Barwell won the inaugural Young Insurance Professional award at this year's UK Insurance and Financial Services conference. He speaks of his career to date
Best survey student honoured at Commons
The Survey Association recently honoured graduates of its training courses, at a lunch reception in ...
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Searchlight revises system
Searchlight Solutions has updated its online insurance e-learning system to help firms maintain regu...
CII details 450 courses
The Chartered Insurance Institute has launched a training directory with details of over 450 courses...
ABI gives property flood risk warning
Watertight controls on new property developments are needed in flood risk areas according to the Association of British Insurers.