News
Kiln to review Link business.
Kiln is to conduct a strategic review of its business, which could lead to the disposal of its retai...
Mystery shoppers.
Undercover personnel from the Financial Services Authority have been posing as consumers to rate sel...
Halifax reviews Equitable Life.
UK bank Halifax is set to undertake a review of Equitable Life's legal service providers. The mov...
Axa denies UK motor blacklist.
Axa has denied a situation could arise in the UK where it would blacklist an entire area for motor i...
ABI denies asbestosis claims
The Association of British Insurers has responded to the Trade Unions' Congress' demand that full com...
Space capacity drops
Insurance capacity for space risks is falling, according to Benito Pagnanelli, the deputy general man...
Life boosts Gerling
Gerling Global Re has reported a 10% increase in its gross premiums for last year to DM 8.1bn ($3.9bn...
Go-ahead for Galileo would benefit insurers
The European Commission (EC) has today been putting pressure on aerospace firms to stump up initial f...
Aon and former managers settle out of court
Broker Aon has won an out of court victory totalling more than £250 000 against four former employees...
QBE up 28% in first half
Lloyd's giant and acquisitive Australian-based insurer QBE Insurance Group has recorded a 28% increas...
Hannover predicts profit leap for 2000
Hannover Re, the world's fifth largest reinsurer, has said it expects its net income for 2000 to be u...
IIB welcomes GISC deadline
The Institute of Insurance Brokers has welcomed the General Insurance Standards Council's decision to...
Paltry payouts confirmed for asbestosis victims
The administrators of Chester Street Insurance Holdings have confirmed that asbestosis victims will o...
Climate changes increase cats
Climate change is increasing the number of natural catastrophes and the losses they generate, accordi...
GISC sets September deadline for compulsion
The General Insurance Standards Council has finally detailed when it will implement Rule 42, the cont...
Three strikes and you are out
Zurich Financial Services is to slim down its 4700-strong Allied Dunbar sales agents by forcing them ...
Pru in largest ever transatlantic deal
The Prudential plans to acquire US insurer American General for £17.5bn ($25.6bn), creating the world...
UK insurer first into India
UK insurer Royal & Sun Alliance has become the first to sell general insurance in India through its j...
Hannover issues hybrid capital
Hannover Re has placed a subordinated loan of Euro 350m ($326m) of hybrid capital on the European cap...
GE Frankona Re invests in Underwriting Direct
GE Frankona Re, the European operations of GE Employers Re, is to pay £200 000 ($295 000) for a 25% s...
National looks to demutualise
Hertfordshire-based National Mutual is to review its mutual status and has appointed investment bank...
Chaucer looks to raise £20m as profits dive
Lloyd's underwriter Chaucer Holdings, which recorded a £3.2m loss in 2000 compared to £1.1m in 1999, ...
Storms cost £700m but fire and subsidence subdued
The insurance industry was hit by just under £700m of claims in the wake of the storms last autumn, a...
Multiple choice test for insurers
A multiple choice test on general insurance has been produced by the Chartered Insurance Institute - ...