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S&P affirms Axis rankings

Standard & Poor's (S&P) has affirmed its 'A' counterparty credit and financial strength ratings on Axis Specialty and its 'A' financial strength ratings on Axis Specialty Europe, Axis Specialty Insurance, Axis Reinsurance, and Axis Surplus Insurance…

RSA issues stress warning

Following its industry seminar for UK risk managers and brokers on 'Understanding and Managing Stress in the Workplace', Royal & Sun Alliance has warned British businesses that ignoring the increasing trend in workplace stress claims would be at their…

Cooper Gay opens Alabama office

Cooper Gay Group has opened a new office in Birmingham, Alabama, to complement an already existing wholesale insurance network in North America.

FSA announces registration update

The Financial Services Authority today reported that by the end of 31 May, it had received 17 586 registrations from the mortgage and general insurance sectors to obtain an application pack and 10 515 applications for authorisation. 

Brokers warned against a price war

Brokers should focus on a service that meets the needs of their customers, as opposed to competing on price, according to Singer & Friedlander Insurance Finance.

Eversheds to manage Focus Wickes' claims

DIY retailer Focus Wickes has appointed European law firm Eversheds as its sole claims management adviser to cover employers' and public liability and property recovery work.

General Re gets China licence

Berkshire Hathaway subsidiary General Re has announced that it has been issued a license to operate as a composite reinsurance company in China on a nationwide basis.

Ringsted joins ACE

ACE has announced the appointment of Sean Ringsted as chief actuary for the ACE group of companies, effective immediately. The appointment is subject to approval from the Bermuda Department of Labour and Immigration.

FSCS default declarations

Nine firms have been declared in default by the Financial Services Compensation Scheme.

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