News
New Benfield report on Bermuda
Despite last year’s record storms, Bermuda’s property reinsurance rates continued to decline during the first quarter of 2005 whilst casualty pricing appeared to stabilise according to the latest Bermuda Quarterly report (BBQ) from Benfield.
Charitable trust sponsors US students to learn about UK market
The UK Market Charitable Trust, set up by the insurance industry following the 9/11 tragedy, is hosting an educational programme for two New York insurance students.
AIG facing civil complaint according to WSJ
New York state regulators are nearly finished drafting a civil complaint against American International Group (AIG) alleging that the insurer improperly burnished its financial results and misled regulators and investors, according to the Wall Street…
Catlin decreases rates on average 2%
Catlin has issued a trading statement following its AGM, declaring rate adequacy remains favourable across the classes of business underwritten by thegroup, with a weighted average premium rate decrease of 2 per cent to April 30 2005 compared with the…
Pricing pressure hits Fortis motor income by 7%
Fortis Insurance UK has reported overall gross written premium (GWP) for the first quarter 2005 has dipped slightly to £142.5 million (2004 Q1 £144 million).
CEOs compared to temps in new report
Financial services companies have had the lowest turnover of chief executives over the last seven ye...
Apprentice centre to bridge skills gap
Motor insurance repair research centre Thatcham has officially opened a purpose-built apprentice-tra...
Winners and losers: Post Magazine's monthly round-up of job cuts and gains
WINNERS Norwich Union recruits another 40 people in Croydon and 30 people in Perth to help it handl...
AA abandons commercial push
AA Insurance Services has ruled out a commercial push after a failed pilot earlier this year. New h...
Appointment at Arnold Fisher
Arnold Fisher, sister company to the City-based broker James Hallam, has made Stuart Burt regional d...
Heath Lambert Property Portfolio appointed
Heath Lambert Property Portfolio has been appointed broker for the UK operations of St Martins Prope...
Arch becomes first new member of the IUA
Arch Insurance Company has become the first new member of the International Underwriting Association...
PBS in £20m tie-up deal with Axa
Primary Broking Services Holdings has secured a long-term underwriting deal with insurer Axa, provid...
Appointment at Darwin Rhodes
Darwin Rhodes has expanded its specialist actuarial recruitment division with the appointment of Rup...
Appointment at Zurich Municipal
Zurich Municipal has appointed Andrew Jepp to the role of head of housing. In this newly created pos...
NU confirms RAC head office closure
Norwich Union has confirmed RAC's Buckinghamshire headquarters is to close at the end of the year, w...
The ABI faces tough task
The Association of British Insurers has conceded that it will be a tough task to get the unions back...
Sainsbury's in motor drive
Sainsbury's Bank is only weeks away from launching its first national TV advertising campaign for in...
Penny Black's insurance week
Penny was disappointed to miss the premiere of the last Star Wars film, Revenge of the Sith in Leice...
Appointment at Clyde and Company
Clyde and Company has appointed eight new partners. Nick Austin, Jonathan Drake, Anthony Menzies and...
EU plans to fight US over outdated collateral
The European Union plans to up the ante in its fight against the US to release up to $50bn (£27.3bn)...
ABI sets industry VAT bill at £200m
Insurers could face a bill of £200m per annum when proposed changes to VAT legislation are enforced,...
Zurich moves Irish business
Zurich is converting its Irish Eagle Star operation into an European Union-wide risk carrier for glo...
Risk of asbestos in the workplace
Four out of five employers are doing nothing to stem the risk of asbestos in the workplace, accordin...