News
R&SA's US operations ratings reduced
Standard & Poor's ratings services today lowered its counterparty credit and insurer financial strength ratings on Royal & Sun Alliance Insurance Group US insurance operations to BB from BB+. The outlook remains negative. At the same time, the ratings…
Groupama profits double to £42.8m
Broker-only insurer Groupama has seen its profits double to £42.8m, and its revenues up by more than 12%.
FSA in TCF stock take
Sarah Wilson, Financial Services Authority director responsible for Treating Customers Fairly, today gave the market an update on the progress being made with TCF ahead of its next report in July.
Capita chairman resigns
Rod Aldridge, chairman of outsourcing firm Capita, is stepping down over claims his £1m loan to Labour resulted in the group getting government contracts.
Goodhealth appoints director of global claims
Goodhealth Worldwide, the international health insurance provider, has appointed Kieran Watts director of global claims and procurement.
Hannover Re announces “breakeven” 2005 results
Hannover Re has said that it achieved a “breakeven” result for 2005, despite what it described as “an unparalleled burden of natural catastrophe losses” for international reinsurers.
Lloyd’s private investors receive a 60% gain
Private investors backing Lloyd's insurance syndicates selected by Hampden Agencies Limited have benefited from a total return on capital of +62.8%. Hampden's Members' Agent Pooling Arrangement No.7200 is one of the firm's unit trust-like vehicles for…
Jelf completes Goss Group deal
Jelf Group has announced the completion of its £10m acquisition of broking consolidator the Goss Group.
Kiln reports profit slump
Kiln today became the latest Lloyd’s insurer to see its profits slump from £37.9m in 2004 to £8.5m in 2005.
Ashworth Mairs Group awarded prior learning
Loss adjuster Ashworth Mairs Group has been awarded a prior learning accreditation from the Chartere...
E-learning tool revamp sees modules added
Insurance training specialist Searchlight Solutions has launched an enhanced version of its e-learni...
Time to test yourself
A selection of questions from various past-CII qualification papers
Fortis sponsorship becomes talking point
Insurer Fortis has continued its sponsorship of a Chartered Insurance Institute local institute trai...
Skills funding for South-east
The Learning and Skills Council and the European Social Fund - with the Chartered Insurance Institut...
Speedy win
Motorcycle hire and repair company Bikers Legal Defence has signed a six-figure sponsorship deal wit...
Hiscox opens Hiscox USA
Hiscox has opened Hiscox USA, its underwriting operation offering cover for small and mid-sized US p...
Wellington plunges into the red
Wellington Underwriting has produced a pre-tax loss for the past financial year, after £140m in hurr...
Motor insurer KGM devises 2infinity
Lloyd's motor insurer KGM has devised 2infinity, a policy that permits holders to include multiple v...
2007 date set for FSA levy overhaul
UK general insurers only want to be responsible for defaults from their own sector, it was revealed ...
Market given a warning after regulator's let-off
The Financial Services Authority's decision to reprieve the market from further regulation on contra...
NU to build on success of Ebay deal
Norwich Union is aiming to expand its motor affinity deal with Ebay to sell insurance for other prod...
Specialist insurance accountacy firms to merge
Specialist insurance accountancy firms Moore Stephens and Macnair Mason are to merge on 1 May 2006. ...
Appointment at Troika
Troika has made Julia Hyde-Price principal consultant to its general insurance division. Bringing mo...
Appointment at Software Solutions Partners
Software Solutions Partners has made Liz Latter head of KC Partners, SSP's business network for brok...