News
Groupama in commingling move
Groupama has said that it "is comfortable to follow " the Financial Services Authority's approach to commingling of insurer and client monies.
Converium announces external reserve review date
Following the appointment of a leading firm of consulting actuaries to conduct an external actuarial study of the Company's reserves held in respect of the Zurich and New York businesses Converium has announced that the results will be unveiled on…
Motor federation moves to settle RSA/bodyshop dispute
The Retail Motor Industry Federation (RMI) has offered to set up a meeting between anti labour-only scheme campaigners from the bodyshop sector, and a major insurer.
Partner Re adds to Charley claims estimates
PartnerRe has announced that claims relating to its exposure to Hurricane Charley are expected to be between $35 -$45m.
Warning over Appointed Representatives status
Insurers and brokers should not accept appointed representatives without conducting full due diligence, law firm Reynolds Porter Chamberlain has warned.
Hastings: no Cox bid but interest
Hastings Insurance Services has not approached Cox Insurance over any possible takeover, the company told Bloomberg News, but it would consider a bid for all or part of the Lloyd's insurer to expand its business.
Path to Success: Commercial Underwriter
Nicola Hawkesby, commercial underwriter for Allianz Cornhill Commercial, reflects on her career so far
IFS students complete top-up
The Institute of Financial Services has seen its first couple of graduates complete the new BSc (Hon...
Chubb: litigation trends a concern for SME bosses
Chubb Insurance has joined Royal and Sun Alliance in raising concerns about the long-term trend towa...
NAIC head quits
Ernie Csiszar has resigned as president of the National Association of Insurance Commissioners (NAIC) and as South Carolina Director of Insurance.
PI premiums up for legal firms
More than a quarter of all legal practices who have bought their professional indemnity insurance this year have paid up to 20% more than last year, according a research by broker PYV.
Swiss Re announces Charley losses
Swiss Re has announced that based on preliminary market estimates, it expects its Hurricane Charley related claims to be below $200m before tax.
Zurich profits rise 44%
Zurich’s UK, Ireland and South African business has reported a 44% increase in operating profit over the first six months of 2004 to $322m.
Private Medical Insurance Top Perk for UK Employees
Private medical insurance is seen as a better perk than a company car, according to a survey of UK employees by private medical and employee benefits consultant Manson Warner Healthcare.
GISC reprimands Riding and suspends membership
The General Insurance Standards Council has suspended independent intermediary Riding’s membership following the decision that Riding failed to provide information requested by GISC after an unsatisfactory monitoring report.
NIG opens broker call centre
NIG has established a call centre to provide personal lines brokers with quotes for commercial package policies.
Velotti joins Rosemont Re
GoshawK, the parent company of Rosemont Re in Bermuda, has announced the appointment of Stephen Velotti as senior US property underwriter.
Appointment at Omni Whittington
Omni Whittington has made two appointments to the board of its Lloyd's managing agency. Neil Deshpan...
Early closure expected for Sovereign
Sovereign Marine and General Insurance should be ready for closure by 2007, according to its adminis...
Appointment at Highway Emergency Services
Glazing and drainage services supplier Highway Emergency Services has made two appointments within i...
Appointment at Allianz Cornhill Commercial
John Warburton has become sales and distribution manager for Allianz Cornhill Commercial. Mr Warburt...
Rada-trained actor joins insurance industry
The man who played Marvin the Paranoid Android in the BBC television show The Hitchhiker's Guide to ...
Amlin continues to achieve strong growth
Lloyd's insurer Amlin says it continues to achieve strong growth in its premium income due to a 100%...
Hiscox sale completes standard scheme wind-down
Insurer Hiscox has said the sale of its independent financial adviser home insurance scheme to R3 Gr...