News
MD of Confused to join Highway Insurance Group
Managing director of Confused Debra Williams is leaving the price comparison site to join Highway Insurance Group.
NU unveils up to 1800 job cuts with operations overhaul
Norwich Union Insurance has announced plans to make up to 1800 people redundant by 2010 as part of a plan to consolidate some back office functions.
Cardif Pinnacle appoints new chief operating officer
Cardif Pinnacle, part of the worldwide BNP Paribas Assurance Group, has appointed Bob Silverman as chief operating officer.
CNA Insurance launches new healthcare products
CNA Insurance is launching a new range of healthcare products as part of its CNA Health Pro range.
Max Capital subsidiary buys Commercial Guaranty Insurance Company
Max Specialty, the U.S. excess and surplus lines unit of Bermudian (re)insurer Max Capital, said it acquired Commercial Guaranty Casualty Insurance Company, an insurance entity licensed to write business in all fifty states plus the District of Columbia.
Post Pick of the Week Video
Post Reporter Alwynne Gwilt looks at the week's major general insurance news. This week: a trio of industry big hitters back an online SME launch; Axa CEO Philippe Maso warns about MGA power; Hastings' future in doubt as new IAG CEO flies in for…
Government asbestos consultation launched
A government consultation into a House of Lords ruling on asbestos-related condition pleural plaques will begin this month.
PB Week: Elliot Lane describes his last seven days in broking
I started the week still reeling from the news Patrick ‘The General’ Snowball had decided to move his tank from the Towergate lawns. It dawned on me that left Sandy Scott, CII chief executive, one of the highest ranking ex-servicemen in the insurance…
Axa expands protection large case team
Axa has expanded its large case team for protection products.
Aon advises firms to ready themselves for new S&P criteria
Aon is advising firms to prepare for new Standard and Poor's rating criteria and says companies can take advantage of these to improve credit ratings, in a White Paper published today.
Former NU director joins MMA
Intermediary only insurer MMA Insurance appointed John Seaton, a former director of Norwich Union, as underwriting director.
Ram Re downgraded by S&P to 'AA' from 'AAA'
Ram Holdings, the financial guaranty reinsurer, has seen the financial strength and financial enhancement ratings on RAM Reinsurance (RAM Re) downgraded from 'AAA' to 'AA' with a negative outlook, a move that it said could trigger termination clauses as…
Markel awarded fraud judgment in its favour
Markel International Insurance Company has been awarded a judgment in its favour in the Commercial Court in London in respect of litigation it commenced against Tim Higgins, Barry Williams, Cliff Felstead, Ralph Brunswick, the individuals behind Surety…
Zurich announces redundancies as part of cost cutting drive
Zurich has revealed that it will be making a number of redundancies after revealing plans to cut its cost base by 10% by the end of the year.
Consolidator reports growth in revenue
Jelf has reported a 49% growth in revenue to £25m in its interim results for the six-month period ending 31 March.
ABI concerned that CC proposals could destroy PPI market
The Association of British Insurers has voiced concerns on the Competition Commission’s latest report on payment protection insurance.
PPI consumers overcharged by £1.4bn a year - Competition Commission
The Competition Commission’s long-awaited report on the selling of Payment Protection Insurance has found provisionally that customers are being overcharged by as much as £1.4bn a year.
Benfield invests $20.5m in Globe Re sidecar
Reinsurance broker Benfield has revealed it has made a cash investment of $20.5m into Globe Re, the Hannover Re property Cat sidecar launched on June 1st.
Atrium bags former Equitas boss for non-exec role
Lloyd's (re)insurer Atrium is has appointed Scott Moser as non-executive director of both Atrium Underwriting plc and Atrium Underwriters Limited.
Cooper Gay opens Miami office
Cooper Gay, the UK broker, has opened a new facultative and treaty reinsurance broking operation in Miami.
Square mile racers prepare for madcap Anglo-French rally
Wacky racers in EC3 are decorating their cars in preparation for a charity rally from London's Lime ...
Responsible business policies can help with recruitment and retention problems
If this year's National Management Salary Survey is anything to go by, insurance organisations need ...
Admiral celebrated as best FS firm in UK
Admiral has been named as the country's best financial services company to work for. The insurer ca...
Smart casual has the answer
The 'smart casual' dress code is becoming increasingly popular, with most employees putting on their...