News
QBE profits up
QBE Insurance today announced a record operating profit after tax for the year ended 31 December 2004.
Welsh authorities launching fraud clampdown
Local authorities in Wales are launching a clampdown on fraudulent insurance claims, which are estimated to have cost council tax payers £30m in the last 12 months.
Stormy 2004 studied in Munich Re report
According to Munich Re's new study "Topics Geo – Annual Review: Natural Catastrophes 2004" 2004 was marked by dramatic events as a result of earthquakes and tropical cyclones. There were also exceptional natural hazard events in areas that are otherwise…
Converium boss Lohmann replaced
Swiss reinsurer Converium has replaced its chief executive Dirk Lohmann with the company’s managing director Terry G Clarke.
Scan Van claims company welcomes Pleural Plaques decision
Litigation funding company FreeClaim IDC, has welcomed a High Court’s decision in a case testing the law on asbestos compensation payouts, but is disappointed the level of compensation that can be awarded has been slashed.
Axa GI revenues top £3bn
Axa UK's general insurance business revenue increased by 4.3% to £3.1bn in 2004, from £2,9bn the previous year. The insurer has posted earnings up £145 million on 2003 and a sustained improvement in general insurance business combined ratio, 2.4 points…
RBSI profits jump, blames Churchill for combined ratio rise
Royal Bank of Scotland Insurance’s contribution to the group's profits increased by 42% (£253m) to £862m for the 12 months to 31 December 2004. These figures included the first full year’s contribution from Churchill, which was acquired in September 2003…
Only 31% of UK workers trust managers
UK workers' attitudes towards senior management are significantly worse than those of their US count...
Employees rejecting 'long hours' culture
Financial services and banking employees are turning their backs on the profession's 'long hours' cu...
You've got to hand it to them
Chaucer has been awarded accreditation for its three-day, technical induction programme. The Charter...
AIG and CII unite for webcast
AIG Europe UK has launched the first Chartered Insurance Institute accredited webcast. The webcast ...
Winners and losers: Post Magazine's monthly round-up of job cuts and gains
WINNERS Allianz Cornhill reveals plans to expand its branch network. The insurer has earmarked two ...
Zurich extends Bradford & Bingley deal
Zurich's Personal Insurance business has secured a three-year extension of their long-standing deal with Bradford & Bingley to supply household insurance for their block policies.
Appointment at Jelf
Broker News in Brief
Ordnance Survey enhances data
News in Brief
Hiscox to raise profile of PI
Hiscox is seeking to raise awareness of its professional indemnity cover for IT consultants, claimin...
Up to 150 management jobs could face axe at CIS
Up to 150 management roles could be shed at the Co-operative Insurance Society in its latest round o...
What the papers said this week
The Sunday Times Lloyd's of London is expected to emerge from the industry's costliest year of natu...
Appointment at Zurich Municipal
News in Brief
Penny Black's insurance week
As a serial penny-pincher, Penny was interested to see new research out this week that found Hasting...
Broker optimistic over silica claims
Broker Guy Carpenter is cautiously optimistic about developments in silica litigation, claiming it m...
Environmental risk fines
News in Brief
Appointment at AE Taylor Insurance
Manchester-based AE Taylor Insurance has made Andrew McKenzie account executive in its corporate div...
Marsh: price hikes could be avoided
Broker Marsh has attempted to reassure insurance buyers that increased transparency will lead to che...