News
Odyssey Re buys up Opus Re
Odyssey Re has announced that it has entered into a stock purchase agreement with Overseas Partners to acquire all of the capital stock of Overseas Partners US Reinsurance (Opus Re), a Delaware domiciled property and casualty reinsurer, for $43m.
Bromley hired as HR director at Rubicon
Rubicon has hired Diane Bromley as group human resources director.
Groupama Insurances agrees principles of risk transfer
Groupama Insurances has confirmed that it intends to offer to accept the risk transfer of premiums as part of a revised terms of business agreement.
Broker Network snaps up sixth acquisition of the year
Broker Network has made its sixth acquisition of the year in the form of A J Barter Insurance Brokers (“A J Barter”).
Zurich Municipal launches CFA guide for local authorities
Public sector insurance and risk management provider Zurich Municipal has produced a Conditional Fee Arrangement Best Practice Guide to establish the best methods for keeping legal costs to a minimum.
Aon sets up environmental consulting division
Aon has announced that Robert Martin and Marcel Steward have joined the firm to set up Aon Environmental Consulting and Solutions in Aon Limited's Global Risks Unit.
Harris announces MBO
The Harris Claims Group has confirmed it was the subject of a management buy-out last week.
S&P rates Tokio Marine & Fire
Standard & Poor's (S&P) has assigned an A+ (strong) long-term counterparty credit and insurer financial strength ratings to Tokio Marine & Fire Insurance (Singapore). The outlook on the counterparty credit rating is stable.
RSA highlights public support against uninsured drivers
Research from Royal & SunAlliance claims that around three quarters of the public are worried about the number of uninsured drivers on the road.
ABI makes positive noises over FSA capital announcement
The Association of British Insurers has welcomed the FSA's publication of risk-based capital requirements for the industry.
Reliance National Asia Re bought up
Guernsey-based Omni Whittington Investments has purchased Reliance National Asia Re PTE (RNARP) from Reliance Insurance Company.
Mondial announces positive sales figures
Travel and motor provider Mondial Assistance has revealed sales growth of 3% in 2003, with insurance and travel assistance particularly strong in the UK and France.
PRM issues guidelines for civil contingency planning
Public sector risk consultancy, Public Risk Management has developed a series of risk management tools designed to help public bodies in complying with the forthcoming Civil Contingencies Bill.
Groupama gets software to assess company performance
Groupama Insurances has signed a deal for a new software package to measure the working culture of the business and to identify the ways in which the company can work with staff to help meet its strategy and objectives.
Besson appointed at Scor
Jean-Luc Besson has been appointed chief risk officer for Scor’s global central technical department.
RMI warns car dealers against the 'appointed rep' route
The new insurance regulations coming into force next year are being used by some vehicle manufacturers as a way to increase control over motor retailers, warns the Retail Motor Industry Federation (RMI).
Atrium predicts underwriting reduction in 2005
Lloyd's insurer Atrium has hinted that its business has hit the peak of the rating cycle.
FSA sets out capital rules for insurers
The Financial Services Authority has published rules for its new risk-based capital regime for insurance companies.
THB helps international training programme
THB Group has been chosen by the National Association of Professional Surplus Lines Offices, an inte...
CII launches new uni
The Chartered Insurance Institute and Cass Business School have teamed up to create an 'insurance un...
Path to success: Contingency Underwriter
Richard Gaunt, contingency underwriter at Markel International, explains his career choice
Careers clinic
For those eager to pursue a career in the insurance industry, our experts give some tips and advice about the best way to seek and grab the best opportunities
Moody’s cautious about Centre Group
Rating agency Moody's has announced that it has placed the A3 (good) insurance financial strength ratings of operating members of the Centre Group on review for a possible downgrade.
S&P rates new Swiss Re securities
Standard & Poor's Ratings Services (S&P) has assigned an AA (very strong) senior unsecured debt rating to approximately €640m of three-year mandatory convertible securities to be issued by Swiss Re Germany AG or by Swiss Re Treasury in July 2004.