News
Zurich's Centre moves into loss
The Bermudian specialty (re)insurer Centre made an operating loss of $130m in 2002 following an opera...
Mapfre profit up in 2002
Spanish (re)insurance group Mapfre made a profit after tax of €191.4m in 2002, up from €168m in 2001....
Swiss Re hit by investment market slump
Downturns in investment markets have led Swiss Re to forecast a loss of SFr 100m ($74m) in 2002. In 2...
Annuity & Life stops underwriting
The Bermudian company Annuity & Life Re has stopped writing new business and has warned of "significa...
Regulator blocks Gerling's sale of reinsurance business
German's financial regulator Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) is believed to h...
Troubled Arig cuts losses
The Arab Insurance Group, which owns Arig Re and insurance subsidiaries, said that its gross reinsura...
Awac makes profit in first year
In its first full year of operation the Bermudian (re)insurer Allied World Assurance (Awac) of Bermud...
Trenwick faces New York stock exchange delisting
The troubled Bermudian (re)insurer Trenwick has six months for the average price over 30 days of its ...
Smart and Cook completes acquisition
Yorkshire broker Smart and Cook has completed the acquisition of rival Oughtred and Harrison (PM, 1...
SVB Syndicates buys reinsurance policy on behalf of Syndicate 1212
SVB Syndicates, the managing agency subsidiary of SVB Holdings, has bought an adverse development r...
TIA Systems wins lengthy battle to secure contract
TIA Systems has won a lengthy battle to secure a £1m contract to implement its software for persona...
The Consumers' Association adds its voice
The Consumers' Association has added its voice to those urging the government to regulate travel in...
FSA plans broker risk assessment strategy
The Financial Services Authority has started to provisionally plan how it will carry out the risk a...
CII sanity as cases reconciled.
The Court of Appeal's recent decision in the Scottish and Newcastle v GD Construction (St Albans) ca...
Cameron Taylor Group steps in to save liquidated Casenet
The Cameron Taylor Group, which owns Cameron Durley Consulting, this week stepped in to save claims...
Zurich's division Private Clients to launch new London City office
Zurich's high net worth division Private Clients is to launch a new London City office on 20 Februa...
Dallas Kirkland in buyout
Dallas Kirkland, part of the TL Dallas Group, has been bought out by senior management Robin Kirkla...
P&I market notches up fourth year of losses
The beleaguered Protection & Indemnity sector, which is currently engaged in renewals, looks set to...
The Davis Group set to achieve its target
Broker The Davis Group is set to achieve its target of a £50m premium turnover by the end of next y...
Norwich Union warns UK firms
Norwich Union has warned UK firms to replace any fire suppression systems that use the extinguishin...
Industry demands split funding for diseases
Funding for long-tail occupational diseases must be split off from other forms of employers' liabilit...
Carole Nash to launch UK network
Motorcycle insurance specialist Carole Nash is to launch a UK network of approved bike repair centr...
Aon rolls out work flow
Global broker Aon has almost completed the roll out of its London market and reinsurance workflow a...
The Jelf Group purchases assets of SLF Insurance Services
The Jelf Group has purchased the book of business and assets of commercial broker SLF Insurance Ser...