News
Former GAB CEO to lead reverse takeover
Aquilo today said it is in “advanced stage of negotiation with the board of ABS Bodyshop Services with a view to making a recommended offer to acquire the whole of the issued share capital”.
CII apoints Ellis to lead new industry lobbying charge
The Chartered Insurance Institute has announced the appointment of John Ellis as the Institute’s first group public affairs director.
Apil accuses insurers of dodging asbestos responsibility
The insurance industry is attempting to dodge its responsibility for people who have been exposed to asbestos with a court case which starts today, according to the Association of Personal Injury Lawyers.
Cox confirms bid approach. Utley tipped to takeover
Cox Insurance this morning saw its share price rise 15 pence to 80 pence after it confirmed it is in talks that may or may not lead to an offer for the company.
Allianz Cornhill supports the MID in the fight against uninsured drivers
Allianz Cornhill is calling on fleet and motor trade policyholders to make greater use of the Motor Insurance Database to help the industry fight uninsured drivers.
GE promotes two in engineering team
Tony Buckle, formerly risk manager for GE Insurance Solutions' property and specialty risk teams and Peter Tailby, who joins from Royal and Sun Alliance,have been appointed to lead GE Insurance Solutions' global engineering team.
Call centers in Republic of South Africa to double by 2008
By 2008 call center numbers in the Republic of South Africa (RSA) will be double those of today a new report by Datamonitor has predicted.
New price list at Companies House
Both Houses of Parliament have debated and approved new statutory fees to be charged for filing and searching information at Companies House.
Jelf makes healthcare acquisition
Jelf Group is to purchase broker Managed Healthcare, with a view to completing the transaction on 31st December 2004.
Airmic survey: full results show brokers face snub
Almost two in five insurance buyers would rather deal with providers direct than a broker, according to a new survey published today, weeks after the Spitzer enquiry began. Alarmingly for the intermediary sector the research from the Association of…
Allianz Cornhill reduces legal panel
Allianz Cornhill has reduced its panel of solicitors from 12 to seven following a review of its general insurance litigation operational needs.
Airmic renews calls for disclosure in wake of Spitzer
The Association of Insurance and Risk Managers has finally spoken out following accusations in the US of bid-rigging to the detriment of commercial clients and has called for brokers to disclose the full commissions they earn from premiums. This is a…
Highway appoints new business development manager
Motor insurer Highway has appointed Roger Halliday as business development manager for its newly formed distribution department.
Europa appoints new chief executive
Irish insurer the Europa General Insurance Group has appointed Jack McIlduff group chairman and chief executive following the retirement of co-founder and chief executive Tony Royliston.
Spitzer: Ace fires two and suspends three
Bermuda-based reinsurer Ace has announced that it has dismissed two employees and suspended three others as the result of its ongoing investigation into improper business practices.
Vega plans further growth after broker buy
Commercial broker Vega Insurance Services has made its third acquisition in its first 12 months’ trading by purchasing Essex-based Parkwood Sinclair Insurance Brokers.
PXRE announces share offering
PXRE Group has announced that it and certain selling shareholders expect to make a public offering of its common shares having an aggregate selling price of approximately $100m (4.08 million shares at the closing price on the NYSE on November 3, 2004) in…
Marsh fires senior UK staff member
Marsh and McLennan has dismissed a senior member of its UK broking staff, but insists the decision was not motivated by the ongoing Spitzer enquiry
Scor announces results for year so far
Scor has announced that its consolidated net income for the first nine months of 2004 came to €54.3m, up on the €349m it lost in the same period of 2003.
2004 hurricane season not unusual
The 2004 hurricane season, which saw four hurricanes hit the State of Florida, should not be considered rare according to an analysis conducted by AIR Worldwide (AIR).
Know your agency: This month - Lime Street Recruitment
Understanding the services and specialisms of recruitment consultancies is important. Director Royston Betts gives the low-down on Lime Street
Heart of the matter
The Lloyd's Police Mentoring Programme has been honoured at the Lord Mayor's Dragon Awards, which re...
Discrimination costs to reach eight-figures
The insurance industry is facing a sharp rise in costs for discrimination in the workplace, it has b...
Desire for CII exam increases
The Chartered Insurance Institute has said that popularity for its certificate in insurance is growi...