News
Moody’s downgrades MMC
Moody's Investors Service has announced that it has lowered the senior debt rating of Marsh & McLennan Companies to Baa2 from A3. The ratings remain under review for possible further downgrade.
Government launches rehabilitation framework
The Minister for Work Jane Kennedy has announced today the publication of the Framework for Vocational Rehabilitation.
Axa boosts commercial and marketing team
Axa has announced two new appointments within its commercial lines underwriting and marketing team.
Former RSA claims manager joins Rehab team
Rehabilitation services provider Kynixa has hired Heather Smith to joined its team as insurance relations manager.
Catlin in construction and engineering move
Catlin Group, the Lloyd's insurer and reinsurer, today announced that it has started to offer specialist expertise in construction and engineering insurance to clients.
Marsh elects Spitzer investigation team as Greenberg resigns
The board of directors of Marsh & McLennan Companies has undergone a series of actions which it claims are “designed to enable the company to resolve its legal and regulatory issues while continuing to provide high-quality service to its clients”. The…
Converium posts Q3 loss
Converium has posted a third quarter 2004 loss of $116.3m in the wake of its unexpected reserve strengthening following an actuarial review.
Marsh outlines reforms in wake of Spitzer
Marsh & McLennan Companies announced today that Marsh Inc, its risk and insurance services subsidiary, is implementing a series of significant reforms to its business model that it claims “will ensure that the best interests of its clients are served and…
RIMS survey points to declining prices
The commercial insurance industry experienced its third consecutive quarter of declining prices, according to a new Risk and Insurance Management Society (RIMS) Benchmark Survey.
Heath Lambert wins Darlington contract
Darlington Building Society has appointed Heath Lambert Insurance Services to provide general insurance products to its members.
Claims People in Rubicon deal
Claims People Group has sealed a contract with insurance solutions provider Rubicon to supply it with loss adjusting services.
Drivers increasing risk of whiplash injury
Millions of motorists could be adjusting their car's head restraint to a position that actually increases their chance of suffering from a whiplash injury, according to Allianz Cornhill.
Call centre group seeks to shed light on noise risk to staff
The Call Centre Management Association has launched a campaign highlighting the dangers of acoustic shock from telephone headsets.
SSP strikes deal to fund acquisition strategy
Software Solutions Partners (SSP)has just completed a finance-raising project designed to support its acquisition and organic growth plans.
Allianz confirms details of Toba
Allianz Cornhill has confirmed that it will include a non-solicitation clause in its new Terms of Business Agreement (Toba).
Greenberg set to quit Marsh claim reports
Jeffrery Greenberg, chief executive officer of embattled broker Marsh & McLennan is widely tipped to be due to resign today, despite reported denials by the group.
Willis
Moody's Investors Service has changed the outlook on the prospective Baa3 senior debt rating of Willis Group Holdings to negative from stable.
London Club warns on P/I claims
The London P&I Club has stressed the need for care to provide ships' crew and visitors with safe passageways as they go about their business in order to avoid potentially significant personal injury claims.
Hiscox launches major advertising campaign
Hiscox has launched a major three month advertising campaign targetting affluent homeowners.
CBI calls for a moratorium on new regulation
Financial services companies are being battered by a tidal wave of regulation which threatens to undermine the sector's massive contribution to the UK economy, according to a new CBI report on the industry.
Japan suffers further quake damage
Japan has been hit by a powerful series of earthquakes that have left up at least 25 people dead and thousands more homeless, in the worst event since the Kobe earthquake of 1994.
Prettejohn takes up FSA position
The Financial Services Authority has appointed Lloyd's chief executive Nick Prettejohn to the Financial Services Practitioner Panel.
Allianz awards Rubicon new outsourcing contract
Allainz Cornhill has awarded a further three year contract to Rubicon, to administer its claims start motor claim notification service.
Rehab: Working Party tackles psychology of injury
The insurance and legal sector supported Rehabilitation Working Party is hosting a one-day conference on The Psychology of Injury next month which will look at the need for a new claims model for personal injury.