News
IAIS presses for reinsurance transparency
The International Association of Insurance Supervisors (IAIS) has announced a new framework for the collection of statistics that it hopes will enhance transparency in the reinsurance sector.
Willis Commercial Network member acquires two
David Moore & Co Insurance Brokers Limited of Newport has become the first Willis Commercial Network member to make two acquisitions at the same time.
Goshawk reports £57.5m loss
Insurer Goshawk has announced a loss before tax of £57.5m for the 2003 year of account, against a profit of £10.1m for the previous year.
Stable outlook for Top Layer Re
AM Best has affirmed Bermuda-based Top Layer Re’s financial strength rating of A+ (superior), and has announced that the outlook is stable.
UK broker acquires Scandanavian giant
Through its parent company, the Hyperion Insurance Group, broker Howden has acquired a controlling 56% interest in Holm & Co, a leading Swedish insurance intermediary. Holm & Co will become the group's Swedish broking arm and further consolidates the…
Rubicon launches broker personal lines service
Rubicon has launched a new outsourced service for brokers geared to increase the profitability of their personal lines business and enhance their relationship with these customers.
Towergate makes Sunday Times' rich list
Towergate Underwriting Group has been listed in the Sunday Times as 17th in the list of British firms with the fastest growing profits.
Savannah Re announces new deal
Savannah Re has concluded an agreement to provide underwriting services to Platinum Underwriters Reinsurance and the Glencoe Group.
Regional job market competition growing says CII
The UK insurance industry job market is becoming increasingly competitive, with increase in the number of candidates registering for regional jobs during the last year.
AIG warns of risks to fine art collections
AIG Private Client Group has revealed at a recent seminar that fine houses, their contents and fine art are more at risk today than ever before, and the need for specialist insurance policies combined with up-to-date security advice has never been…
Aquilo and Ossys join forces
Claims management and advisory service to the insurance industry, Aquilo, has entered into an alliance with software specialist Ossys Systems.
Goshawk delays results
Goshawk Insurance has delayed publication of its year-end results, blaming technical accounting issues involved in deconsolidating run-off syndicate 102.
Zurich’s UK bosses given new international roles
Zurich’s UK boss Geoff Riddell has been appointed to head up its global corporate customer business.
Zurich announces profit-generating strategy
Zurich has targeted four market segments to provide profitable growth in its general insurance division for 2004 and beyond.
Board appointments at SVB
SVB Holdings has announced the appointment of Jeremy Adams and Peter Matson as executive directors.
Zurich reveals brokers prefer placing small business insurance on-line
Two-thirds of brokers (64%) prefer the internet to the phone when placing small business insurance because it is quick and easy, according to an online survey conducted by Zurich UK Commercial’s business.
Acturis joins with brokersure after ending InsurE-com partnership
Brokersure.co.uk and Acturis have announced an exclusive deal that sees Brokersure.co.uk become the sole external provider of the personal lines quotation engine for Acturis’ clients.
DTI announces block on cold calling
The Department of Trade and Industry has announced that from June this year UK businesses will get the same right as individuals to block 'cold calling' by marketing firms.
Double appointment at Letsure
Residential lettings insurance and risk specialist, Letsure, has appointed Tim Wakelin as business to business relationship director and Michael Portman as development director.
FSA close to authorising first brokers
The Financial Services Authority expects to authorise its first brokers this month, according to Sarah Wilson, director of high street firms.
Board appointments at Exeter Friendly Society
Private medical insurer, Exeter Friendly Society, has appointed Michael Dunford and Mark Moreland to its board of directors.
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Rubicon to double call centre staff
Insurance outsourcing specialist Rubicon has launched a major recruitment drive to double the staff ...
Capita grows occupational health arm with Aon deal
The Capita Group is set to boost its workplace and health risk management arm after signing a contra...