News
Groupama Insurances appoints Steven Blake
Groupama Insurances has appointed Steven Blake, who joined Groupama in 1999 from Guardian Royal Exch...
Appointment at Hogan & Hartson
International law firm Hogan & Hartson has promoted five partners and two counsel in Europe. An addi...
MBNA mooted as possible suitor for Premium Credit
MBNA, the US credit card giant, is the leading bidder to buy Premium Credit, for around £200m, according to newspaper reports.
Marsh warns over Civil Contigencies Bill
Broker Marsh claims the Civil Contingencies Bill, published today, is one of a number of drivers that are bringing business continuity planning to the forefront of management thinking.
Scor share offer successful
Troubled French reinsurer Scor has said that the capital increase it announced in December 2003 has been successful.
XL provides funds for subsidiary
XL Capital has contributed £55m of additional capital to support the business growth of its financial guaranty insurance unit, XL Capital Assurance.
Broker offshores 200 jobs to South Africa to aid UK expansion
Broking group Budget has announced that it is opening a new contact centre in South Africa. It will be located at Knowledge Park in Century City, Cape Town and is scheduled to open in June 2004.
Fusion doubles capacity for 2004
SVB subsidiary Fusion Insurance today announced a double increase in capacity for 2004.
Benfield increases ISB stake
Reinsurance broker Benfield has announced that its US subsidiary Crawley Warren has bought an additional 43% of the share capital of International Space Brokers (ISB). Benfield now owns 86% of ISB's issued share capital.
Lloyd's unveils £14.9bn capacity for 2004
Lloyd's has announced it will have the capacity to underwrite £14.9bn of business in 2004. In a statement made today, by chief executive officer Nick Prettejohn, he also said the 2004 figure, which maintains the level of capacity in 2003, underlined…
GAB Robins instructed on Egypt crash
GAB Robins Aviation has been instructed to handle the claim for the Flash Airlines jet that crashed into the Red Sea over the weekend with the loss of 148 lives.
Groupama recruits new chief actuary
Groupama Insurances has appointed Steven Blake as its new chief actuary.
Swiss Re awards £384m outsourcing contract to CSC
Swiss Re Life & Health has signed a 10-year business process outsourcing agreement with Computer Sciences Corporation.
Lloyd's unveils £14.9bn capacity for 2004
Lloyd's has announced it will have the capacity to underwrite £14.9bn of business in 2004. The statement made today by chief executive officer Nick Prettejohn also said the 2004 figure, which maintains the level of capacity in 2003, underlined Lloyd's…
SSP gives customers 12 months notice to upgrade
Software Solutions Partners has given its Quotel customers 12 months' notice that support for the system will cease, with effect from 31 December 2004.
London P&I Club sees boom period for shipping
The London P&I Club said that it is seeing an increasing amount of new tonnage being ordered by its members and subsequently insured.
Axa announces loss adjuster panel
Crawford, Cunningham and GAB win business in first major review of the year.
Folgate confirms Markfield deal
Folgate have announced acquisition number 32 the insurance portfolio of Markfield Group Ltd, a subsidiary of business and construction services company Carillion.
ASP launches run-off service
The Association of Insurance and Reinsurance Services Providers (ASP) has announced the launch of Run-Off Solutions Ltd.
Zurich head to join RSA
George Culmer is set to join Royal & Sun Alliance as chief financial officer.
Willis acquires Vision Insurance Group
Broker Willis has acquired Montgomery-based Vision Insurance Group for an undisclosed sum.
ARF elects new president
The Association of French Reinsurers (Association des Réassureurs Français, or ARF) has elected Thierry Masquelier as its new President. Christian Herzog was also elected as vice-president.
IIB to provide wholesaler health check after Tribune
The Institute of Insurance Brokers is set to publish status reports on schemes and facilities offered by wholesalers in the UK market.
JLT acquires HCC broking business
Jardine Lloyd Thompson's US-based subsidiary, Capital Risk, has acquired the business portfolio and related assets of HCC Employee Benefits.