News
New chairman for International Underwriting Association
The International Underwriting Association has appointed a new chairman for its marine technical com...
Penny Black's insurance week
When it comes to celebrating birthdays, specialist media and arts insurance broker La Playa has come...
Stress levels in schools escalating
Stress levels in schools and colleges are escalating at an alarming rate, according to figures from ...
Appointment at Winchester White
Specialist financial services management consultancy Winchester White has made Kevin Duffy principal...
Appointment at Markel International
Markel International has promoted Penny Whitwell to head of legal. She has worked with various Lloyd...
Stolen works of art not insured against theft
Edvard Munch's The Scream and Madonna, which were stolen from Oslo's Munch Museum at gun point, were...
PXRE adds to Charley loss estimates
PXRE Group has announced that it expects to incur a net loss arising from Hurricane Charley of $13 to $18m, after tax and reinstatement premiums.
Wellington forecast points to growth from Folgate tie-up
Wellington Underwriting Agencies, the Lloyd’s managing agency wholly owned by Wellington Underwriting, has issued updated forecasts relating to the 2002 and 2003 years of account for its managed syndicate 2020, as at 30 June 2004.
Axa halves legal panel
Axa has announced its revised panel for claims solicitors' services in England and Wales.
RIMS releases compensation statement
The Risk and Insurance Management Society (RIMS) has released a statement by President Nancy Chambers, CRM, regarding industry compensation and placement practices.
Rodilosso leaves Folgate
Julie Rodilosso has left The Folgate Partnership after less than six months with the business, reports James Salmon from Insurance Age.
Homeserve sells off specialist unit
Homeserve, the domestic insurance provider, has sold its plumbing business Onsite South to its managers for £3m in cash as part of plans to focus on the home repair sector.
Goshawk: small hit from Charley
Goshawk Insurance Holdings, the parent company of Rosemont Reinsurance in Bermuda has said its inititial estimate of aggregate potential net losses relating to Hurricane Charley will be under $7m.
GE ERC announce new executives
GE's Employers Reinsurance Corporation (ERC) has announced that Tim Brophy, Joseph Cook and Paul Giacobbe have joined the company as sales executives for its Americas Direct property & casualty reinsurance unit. They will report to Jeffrey Archer, who…
Platinum Underwriters announces Charley losses
Bermuda-based Platinum Underwriters has announced that, on the basis of currently available information, it estimates that after-tax losses from Hurricane Charley, net of reinstatement premiums, will range from $20m to $35m.
Admiral reports strong first half results
Admiral Group has announced a 30.5% increase in adjusted core profit to £45.3m for the six months ended 30 June 2004.
BDMA relaunches web site
The British Damage Management Association has relaunched its website, providing advice for flood victims, a full list of qualified contractors, online event booking, education and training.
Chaucer sees motor surge as revenues up 15%
Lloyd's insurer Chaucer Holdings has recorded a 15% rise in gross written premiums for the first six months of the year with pricing "remaining strong overall". The syndicate added that forecasts for 2003 remain unchanged for all four syndicates and that…
Claims People sees profit rise
The Claims People Group has recorded an increase in profit to over £71 000 on the back of a 32% increase in revenue for the first six months of 2004.
HBOS launches women-only insurer
Halifax Bank of Scotland has launched First Alternative Woman, promising average savings of up to £130.
Liberty Mutual buys up Chilean insurer
Liberty Mutual Group (LMG) has entered the Chilean market by purchasing the insurance operations of AGF Allianz Chile. Liberty Mutual Group will rename the company Liberty Seguros, which will offer a full range of property and casualty products for…
New Chairman for IUA Committee
The International Underwriting Association (IUA) has appointed a new Chairman for its Marine Technical Committee.
Prebensen in for Avery at Wellington
Preben Prebensen will step in as chief executive at Wellington Underwriting on 20 September succeeding Julian Avery who is retiring from the board. Mr Avery announced his retirement back in March, and will continue to be available to the board until he…
JLT targets growth with new Leeds office
Jardine Lloyd Thompson has opened a new office in Leeds. It will act as a hub for for its Yorkshire, Humberside and North east operations and will see existing staff from JLT’s office in Huddersfield transferring to Leeds.