News
Canadian broker takes £1.5m stake in London's Dashwood, Brewer & Phipps
Toronto-based insurance and reinsurance broker the RS Group of Companies has completed the purchase of 49% of the issued share capital of Dashwood, Brewer & Phipps, Lloyd’s and London Market Insurance Brokers.
Lloyd’s Market doubles to £1.9 billion
The Lloyd's Market in 2004 report, published by Guy Carpenter & Company, reveals the continued strengthening of Lloyd’s results since the US terrorist attacks in September 2001.
Swiss Re renews BFIS pledge
Swiss Re has renewed its $100,000 funding pledge for the Bermuda Foundation For Insurance Studies (BFIS) scholarship programme over a further five years.
Brokers launch cover for construction professionals
Building and contruction firm, Multiassistance, together with The Broker Network and J. Gosling Insurance Brokers, is to provide insurance for its UK network of over 140 trade professionals.
Former Lloyd's CEO and Marsh UK boss nominated for new roles
The Institute of Financial Services has announced that former Lloyd’s chief excutive Ron Sandler has been nominated to become its next president from October this year.
Xchanging to consolidate London base
Xchanging has announced that it is to consolidate all of its London operations into a single site at 34 Leadenhall Street.
Research highlights limited scope of travel insurance policies
Only 35% of the 1.7m people who are expected to make a travel insurance claim this year will receive a full pay-out because of the limited cover provided by some travel policies, according to research from Sainsbury’s Bank.
General insurance growth at 5.3% across EU
The number of insurance companies in Europe has remained stable at around 5000 with general insurance premiums rising by 5.3% in 2003 despite the trend towards concentration, according to Gérard de La Martinière, president of the Comité Européen des…
Primary broker start up aims for top spot
Primary subsidiary Health for Industry has launched a dedicated offshore and international private medical insurance broker. The company, Health for Industry International Limited, is based in Guernsey and licensed by the Guernsey Financial Services…
Ace appoints Kramer
Ace has announced that Donald Kramer has been appointed executive, office of the president & chief executive officer, effective immediately.
Centrica in 'preliminary discussions' to sell the AA
Centrica has confirmed that it is in early talks to sell breakdown association the AA in a deal estimated at £1.5bn.
Buffett linked with Lloyd's IPO
American investment guru Warren Buffett has been linked with a major investment in Lloyd’s insurer Euclidian when it announces plans for its long awaited floatation.
RSA discussing sale of UK life arm
Royal & Sun Alliance has confirmed it is in talks to sell its UK life insurance business.
Market reform bringing positive reaction, says IUA chairman
Efforts to reform the London insurance market are now beginning to be recognised by the sector’s international clients, Stephen Cane, chairman of the International Underwriting Association has said.
Weakening prices impacts reinsurers, claims S&P panel
Insurance companies are going to find reinsurers less and less reliable as pricing weakens in the US property/casualty market, panelists at Standard & Poor's Ratings Services Insurance Conference warned last week.
Bermuda reinsurers praised
The sudden appearance of 11 new reinsurance companies in Bermuda in 2002 brought renewed vitality to the global reinsurance market, according to a panelist at Standard & Poor's Ratings Services Insurance Conference last week, but more established global…
Groupama completes regional management team
Groupama Insurances has completed its sales and distribution team with the appointment of Rob Fisher as key account manager for the mid east and Steve Vachre as key account manager covering the North west.
Marsh buys Manchester-based broking and risk consulting business
Broker Marsh today announced it has acquired the insurance broking and risk consulting business of Manchester-based Rochester Kemp.
American Club announces levy on members
The American Club has said it will be imposing a levy on members to extinguish deficits it has in open years 2000, 2001 and 2002.
Ace approved to underwrite in Euro acession states
Insurer Ace has become one of the first London market insurers to receive regulatory approval to underwrite business on a 'freedom of services' basis in the 10 new European accession states.
PWS opens new offices
Broker PWS has opened three new international offices and has also announced the creation of a new UK-based accident and health team.
ABI sets up HIV and insurance working group
The Association of British Insurers plans to establish an independent multidisciplinary working group of experts and key stakeholders to advise the insurance industry on policy developments affecting HIV and insurance.
Zurich terminates Folgate tie-up
Zurich has terminated all of its commercial lines agencies with Folgate, according to an exclusive report from Insurance Age magazine.
RICS seeks to self regulate insurance sales
The Royal Institute of Chartered Surveyors has today annouced it is seeking to self regulate member firms who arrange insurance services in the property and construction sector.