News
Asbestos deal forces AM Best to lower St Paul rating
Rating agency AM Best has downgraded the financial strength rating of the St Paul Companies from 'A+'...
ERC seeks Chinese reinsurance licence
Employers Reinsurance Corporation (ERC) has applied for a full property and casualty insurance operat...
Combined Specialty spin-off postponed for second time
Broker Aon has postponed the spin-off of its underwriting operation Combined Specialty for a second t...
S&P downgrades ERC
Rating agency Standard & Poor's (S&P) has downgraded the counterparty credit and financial strength r...
BBB launches acquisition vehicle.
Berkeley Berry Birch, which launched a new acquisition vehicle yesterday, intends to capitalise on t...
A thorny issue.
Employers' liability is currently proving to be a bit of a thorn in the side for brokers. The market has become very tough as insurers implement a sharp correction to the low rates of recent years. Rachel Gordon looks at how intermediaries are dealing…
Competition v statistics?
As claims management becomes ruled by tick-box standards, Jeff Charlton argues that this lack of vision may open up the market to smaller insurers.
Stress case is lost in the post.
Young v Post Office (Court of Appeal - 30 April 2002).
Learning from the past.
The high-profile collapse of Enron has brought the issue of directors' and officers' cover to the fore and, to ensure history does not repeat itself, Veronica Cowan says insurers should reconsider the information required in proposal forms.
Lex splits RAC in two via Axa deal.
Lex Services has restructured the financial operations of its subsidiary the RAC through a deal with...
Hannover Re's first quarter results.
Based on Hannover Re's first quarter results, chairman Wilhelm Zeller expects 2002 to be an "outstan...
At cross-purposes.
The construction risks connected with insulated panels will often vary between different types of panel - a point that some insurers are failing to appreciate. Mark Harris assembles the facts.
Fired up over scope of insurers' warranty wordings.
Can anyone help me, as a decision by an insurer could force brokers to review their commercial clien...
Appointment at Hammond Suddards Edge.
Hammond Suddards Edge has strengthened its insurance practice by promoting insurance specialist Nila...
On the road.
A new government body set up to reduce work-related road accidents could lead to a major overhaul of corporate manslaughter legislation, with widespread implications for employers who could find themselves legally responsible for an employee's accident…
ING reports rise in net income.
Dutch financial services group ING has reported a rise in first quarter net income to EUR1.14bn (£72...
MetLife scoops Mexican insurer.
US insurance giant MetLife has beaten off competition, with a $965m (£660m) bid for the Mexican stat...
Appointment at The Bollington Group.
North-west broker the Bollington Group has recruited three new members of staff. Sarah Boczek has jo...
Lloyd's rules add to crisis.
FM Green chief executive Ian Richens has hit out at Lloyd's over the fast disappearing liability cap...
Launch of the FSA's proposals.
"The insurance industry has proposed change, supports change, and is ready to change," said Mary Fra...
Death knell for lump sum awards.
The deadline for responses to the government's proposals on changes to the compensation system - particularly lump-sum awards - is next week. Victor Rae-Reeves warns that the industry must have its say to ensure a level playing field.
Alexander Forbes restructs its UK retail business.
Alexander Forbes has restructured its UK retail business under the new name Alexander Forbes UK Corp...
Feeling the strain.
Stress is a growing problem in the UK and insurers are beginning to suffer the knock-on effects as claims rise. But the outcomes of several recent cases have reduced the pressure on the industry - for the time being, says Paul Hughes.
Insurers must take responsibility.
John Tiner follows up his recent Breakthrough lecture at the Chartered Insurance Institute and outlines some of the Financial Services Authority's recent initiatives and ambitions, as it attempts to put the consumer at the heart of the financial…