News
RSA sells life business
Royal and Sun Alliance has sold its UK life operations to Resolution Life Group for £850m.
MMA and SSP partnership to benefit key choice network
Intermediary-only insurer MMA Insurance and software house SSP have announced a new strategic partnership for key choice network members.
CNA announces Q2 results
CNA has announced that its net income for the second quarter of 2004 came to $289m, a substantial increase on the $70m it made over the same period of 2003.
Lloyds TSB sees steady growth for 2004
Lloyds TSB General Insurance has increased its profits by £2m to £82m in the first half of 2004.
APRA announces IFRS approach
The Australian Prudential Regulation Authority (APRA) has outlined the approach it will be taking during the implementation of International Financial Reporting Standards (IFRS) in Australia.
ISO launches Measures of Excellence consulting service
The Insurance Services Office has launched a consulting service that helps insurance organisations create benchmarks for internal and industry best practices and provide consistent quality claims handling.
South coast broker reveals new SME package
Broker Stuart Alexander has launched a flexible package of insurance for small businesses. The cover is for most professions and includes IT and public liability insurance.
Employer 'hard core' set to keep final salary pensions
A 'hard core' group of employers intend to keep their final salary pension schemes open to new emplo...
Winners and losers: Post Magazine's monthly round-up of job cuts and gains
WINNERS Churchill opens a call centre in Glasgow to handle its new loan business with plans to recr...
Beckett named CII president
Chartered insurance broker and chairman of Total Broker Solutions Bob Beckett has been confirmed as ...
Argent recruits three specialist adjusters
Argent Liability Adjusters has recruited three new members of staff in order to further enhance its progressive liability adjusting team in the UK.
NYSE suspends Annuity & Life Re shares
The New York Stock Exchange (NYSE) has announced the suspension Annuity & Life Re’s common shares. The company has not protested the suspension.
London Market Faculty gets final approval
The London Market Faculty Board, set up by the Chartered Insurance Institute, has agreed the key objectives of the faculty and given the go-ahead to its development and implementation.
SMEs favour brokers in NU service poll
Brokers have come out top for customer satisfaction amongst professional advisors in the latest Norwich Union SME Attitudes to Business survey.
ABI welcomes government £564m flood budget
The Association of British Insurers today welcomed the government’s renewed commitment to an investment of at least £564m in flood management over the next three years.
White Mountains posts reduced Q2 profit
White Mountains Insurance Group has announced that its comprehensive net income for the second quarter of 2004 was $38m, down on the $163m posted over the same period of 2003.
NHS and insurers team up against healthcare fraud
The NHS Counter Fraud Service and a group of private healthcare insurers have signed an agreement to work together in the fight against healthcare fraud. This is the first agreement of its kind between the NHS and the private sector.
Lloyds TSB finance £17m package for BDML
Lloyds TSB Corporate Acquisition Finance has provided the BDML Group with a £17m funding package to fund an investor buyout, enabling the management team to gain full control of the company.
Groupama expands Optima suite
Groupama Insurances has expanded its suite of Optima products with the addition of a new commercial policy for the SME sector.
Insurance arm boosts Misys
Software giant Misys' general insurance business has reported £14m operating profits for the year en...
NU attacks construction industry safety
Norwich Union has hit out at the construction industry, accusing it of adopting a culture of inertia...
Appointment at The Jelf Group
The Jelf Group has made John Harding group finance and operations director. He will be responsible f...
Broker targets two more after acquisition
Broker Alan Boswell Group has set its sights on two further acquisitions after snapping up intermedi...
New cross-market group established
A new cross-market group of senior practitioners has been established to drive the implementation of...