News
Regional first targets brokers
Underwriting Agency Dual Corporate Risks has opened its first regional office in Manchester this wee...
London market seeks cut
London market insurers may be granted long-term permission to lower the level of gross liabilities t...
Appointment at Integro
Integro has hired Robert Dunn to head up its Montreal office. Mr Dunn has 30 years' experience in th...
Katrina wipes out Brit’s 1st half profits
Brit Insurance Holdings has announced a preliminary estimate of £145m for claims arising from Hurricanes Katrina, Rita and the New Orleans flood (NOF). The company said the figure comprises £125m for Katrina/NOF and £20m for Rita, net of reinsurance…
S&P blow for reinsurers
Standard & Poor's has revised its outlook on the global reinsurance industry to negative from stable. The negative outlook implies that downgrades are expected to outnumber upgrades in the remainder of 2005, although the agency predicted that the number…
Atrium reveals profits drop
Atrium has announced reduced profits for the first half of 2005. The Lloyd’s insurer reported profits before tax at £13.7m compared to £15.7m for the same period last year.
Lloyd’s grant Colemont provisional accreditation
Colemont Insurance Brokers Limited announced today that it has received its provisional Lloyd’s accreditation.
Munich Re revises Katrina loss upwards
As the full extent of the devastation caused by Hurricane Katrina has gradually emerged, natural catastrophe risk management specialists and other companies have revised their loss estimates upwards. Experts from Munich Re and American Re have now also…
Broker: London terror attacks tripped up business
Brokerage Jardine Lloyd Thompson (JLT) has said the strategy of many businesses to keep up and running in the aftermath of an emergency proved flawed in the wake of the London suicide bombings. Companies failed to address the changing nature of risk and…
Zurich Municipal launches best practice fraud guide
Zurich Municipal, the provider of insurance and risk management to the public services, has launched a best practice guide designed to reduce the number of fraudulent claims made against Housing Associations and Local Authorities. The guide demonstrates…
Fortis begins roll-out of commercial offering
Fortis Insurance has begun the phased roll-out of its recently launched new small commercial vehicle product, Van Guard.Fortis said the launch supported its strategy to widen its motor offering while strengthening its commercial portfolio across the…
QBE acquires British Marine
QBE Insurance Group has signed an agreement to acquire the specialist marine insurer, British Marine Holdings.The acquisition is subject to regulatory approvals with completion expected to be before 31 December 2005.
Compliance.co.uk acquires Compliance Consultants
Compliance.co.uk, the compliance consultancy group, has expanded with the purchase of Compliance Consultants.
Apil worried by PI plight
A survey that the number of lawyers who believe they will continue to work in the personal injury field in five years’ time has fallen by 9% since 2001.But it also found that 70% of lawyers believe they will still be practising in five years time.
Heath Lambert National opens East Midlands office
Heath Lambert National has announced the opening of a new East Midlands commercial operation.
Bupa calls for premium cuts
Bupa is pledging to make private medical insurance more affordable and attractive by stemming the rise in premium increases and demonstrating the advantages for customers.
IPC expects to take $350m-$600m Katrina hit to earnings
IPC Holdings has announced that it anticipates the net impact of Hurricane Katrina losses on net income in the third quarter to be in the range of $350 million to $600 million.
Rita loss estimates unveiled
AIR Worldwide Corporation has estimated that Hurricane Rita will result in insured losses between $2.5bn and $5bn, far lower than the bill from Hurricane Katrina.
DUAL opens new Manchester office
The UK underwriting agency DUAL Corporate Risks has launched it new regional office in Manchester today.
DAS suspensions: ratings decision
Standard & Poor's said today that its ratings and outlook for legal expenses insurance underwriter DAS Legal Expenses is not affected despite the suspension of several members of the senior management team, as reported by Post Magazine this week.
Ecclesiastical appoints new chief claims manager
Specialist insurer Ecclesiastical has appointed David Bonehill as Chief Claims Manager. Previously he was Chubb Insurance's UK and Ireland property claims manager.
Groupama signs £14m deal with Premier Underwriting
Groupama Insurances has completed negotiations on a new scheme arrangement that is expected to produce approximately £14 million of new premium income over the next two years. The new deal, with niche intermediary Premier Underwriting concerns the…
Broking becoming 'distinct profession' within insurance
The Faculty of Insurance Broking is raising levels of performance among insurance brokers and helping distinguish them from other intermediaries. By pursuing technical excellence and the highest standards of ethical practice, it is creating a distinct…
Insurance industry calls for ‘change of culture’
Insurance professionals are keen to undertake sweeping reforms to the way they do business in order to improve their standing with consumers and ensure they achieve compliance with the FSA’s regulatory regime.