News
Groupama withdraws S&P rating for run-off subsidiary Minster
Standard & Poor's Ratings Services said today that it had affirmed its 'A' insurer financial strength rating on U.K.-based Minster Insurance Co. The rating was simultaneously withdrawn at the request of the French parent company Groupama. Minster is a…
Brokers could be losing out in mortgage sales
Brokers and independent financial advisers could be losing nearly £1bn per annum by allowing mortgage lenders to sell general insurance to their mortgage clients, broker Goodfellows has claimed.
Bennetts signs deal with British Motorcyclists Federation
Bennetts, one of the UK's major players specialising in motorcycle insurance, has been selected by the British Motorcyclists Federation as its preferred broker, in a three year deal which will be effective from 1 January 2004.
Tracker reports increase in recoveries over 2003
Vehicle recovery specialist Tracker's initial audit of the year's results shows an increase in recoveries from 1319 to 1375. The value of recovered vehicles increased by 10% to £35.1m, a monthly average of £2.9m, or £96 200 per day.
XL Capital boost XLCA
Bermuda-based reinsurer XL Capital has announced that it has contributed $100m of additional capital to support the business growth of its financial guaranty insurance unit XL Capital Assurance (XLCA).
Kiln Syndicate 510 first to cover long-term war risks
Lloyd's managing agent R J Kiln & Co has announced that Syndicate 510 commenced underwriting Long-term and Domestic War on Land (LDWL) insurance on 1 January 2004.
Highway Insurance signs exclusive partnership
Broker-only motor insurer, Highway Insurance has signed an exclusive partnership with motor salvage ...
Fraud Focus - PM's new monthly column looking at fraud from an insurance perspective
According to the National Criminal Intelligence Service, gangs of organised criminals now derive as ...
Royal & Sun Alliance appoints George Culmer
Royal & Sun Alliance has appointed George Culmer to replace outgoing finance director Julian Hance. ...
Chaucer reviews business acquired from Kiln
Lloyd's insurer Chaucer will place professional indemnity syndicate 1204 into run-off next year havi...
Industry names scoop honours
Two founder members of the All Party Parliamentary Group on Insurance and Financial Services receive...
ABI is failing GI market
The general insurance industry should be represented by its own trade body, separate from the life m...
Cargo Solutions sells its European marine claims business
Cargo Solutions, the global provider of project cargo and cargo risk management services, has sold i...
Fusion expects up to 40% growth in gross written premiums
Lloyd's agency Fusion is expecting up to 40% growth in gross written premiums for 2004 to over £130m...
Insurers give warranty reform a mixed reception
Insurers have given a mixed reaction to the government's recent green light for reform of the sale o...
Brit Insurance Holdings expects positive underwriting conditions
Brit Insurance Holdings is expecting underwriting conditions in its target areas for 2004 to continu...
Penny Black's insurance week
Happy new year to everyone. It seems like it's been an eventful holiday for some. Penny was interest...
Capital Risk acquires business portfolio of HCC Employee Benefits
Jardine Lloyd Thompson's US-based subsidiary Capital Risk has acquired the business portfolio and re...
Review of the BIBA by chief executive Eric Galbraith
The review of the British Insurance Brokers' Association, by recently appointed chief executive Eric...
GISC raises fears over consumer choice
The General Insurance Standards Council has expressed its concerns that proposed reporting requireme...
Appointment at Allianz Global Risks
Allianz Global Risks has appointed Nick Bush as its senior engineering underwriter. In his new role,...
Swiss Re Life & Health signs agreement
Swiss Re Life & Health has signed a 10-year business process outsourcing agreement with Computer Sci...
Crawford secures Axa panel place
Loss adjuster Crawford has won out following Axa's long-awaited announcement of the results of its l...
Properties managed by local authorities at increased risk from subsidence
Properties managed by local authorities are at increased risk from subsidence, according to Zurich M...