News
Bids for Saga reach £1.3bn
Two private equity bidders are believed to be topping the shortlist in the auction for Saga, with of...
Appointment at XL Capital
XL Weather and Energy has made Michael Corbally senior managing director and chief operating officer...
Thatcham aims for 90% recovery
Thatcham, the insurance research centre, has introduced a security system that aims to bring the rat...
Lloyd's harks back to its origins
Lloyd's harked back to its origins as a coffee house on Friday when it hosted the City launch of the...
Goshawk returns to profitability
Goshawk Insurance Holdings has announced a return to profitability with a $10m (£5.5m) surplus for t...
Broker giants mull offshore move
Aon and Marsh have revealed initial plans to offshore UK work. If seen through, they would follow ri...
Brian Johnston and Co wins contract renewal
Surrey-based broker Brian Johnston and Co has won renewal of its NHS Motor Fleet Insurance contract ...
Appointment at GE Insurance Solutions
GE Insurance Solutions has appointed Al Rudel to senior underwriter in its specialty lines reinsuran...
Global Reinsurance says 2003 was difficult year
Global Reinsurance said the 2003 financial year was a difficult one for the company. Having disconti...
Fitch admits Equitas worries
Fitch Ratings has upgraded Lloyd's' insurer financial strength rating from 'A-' to 'A', with a stabl...
Weekes urges industry to unite over Data Act
The recent Post Magazine fraud conference threw up calls for urgent industry and government action. Ralph Savage reports
CII conference begins with graduation ceremony
A total of 158 graduates of the Chartered Insurance Institute’s Fellowship, Associateship and Diploma in Insurance programmes were presented at a special ceremony to mark the start of the CII’s UK Insurance & Financial Services conference on September 29.
Transport mutual members told of money laundering risk
Members of mutual insurer International Transport Intermediaries Club have endorsed the mutual status of the Club and backed its directors, but received a stern warning to comply with international money laundering regulations.
Coface in export credit launch
Credit insurer Coface UK has added launched a financing facility aimed at exporters trading abroad.
AM Best affirms Converium rating
AM Best has affirmed the financial strength rating of B++ (Very Good) and upgraded the issuer credit rating (ICR) to "bbb+" from "bbb" of Converium. The under review status has been removed, and the outlook is stable for all ratings affected.
Middlesex University accredits "first ever" UK case management qualification
RTW Plus, in association with Middlesex University, has launched what it claims is the “first accredited UK case management qualification”.
US Asbestos Bill unlikely this year
The chances of the US Congress agreeing to establish a fund to compensate asbestos victims this year have diminished after the Senate majority leader left it off a list of priorities for the few days left in the legislative period.
First Assist connects six call centres
Health insurer FirstAssist, has implemented a £2m Avaya Internet Protocol-based contact centre solution across all its sites.
Benfield introduces Romanian quake model
Benfield has launched GAPQuake Romania, a fully probabilistic earthquake loss model capable of evaluating losses from all seismic sources in and around the country.
Jones steps down from BDMA
The British Damage Management Association has announced that Gwyn Jones will be relinquishing his role as its operational development manager at the end of October 2004.
Creechurch takeover by Logan/Hastings Direct finalised
The purchase of Lloyd's insurer Creechurch by Hastings Direct parent Logan Trust Group has been confirmed.
Scor releases windstorm damage estimate
Scor has announced that it estimates its exposure to the cost of the hurricanes in the United States and in the Caribbean to be €22.5m, on a gross basis and before taxes.
Fitch upgrades Mapfre
Fitch Ratings has upgraded Mapfre's long-term rating to 'A+' from 'A' and its €275m debentures due 11 July 2011 to 'A+' from 'A'. At the same time the agency has assigned an insurer financial strength (IFS) rating of 'AA-' to Mapfre Mutualidad, the…
Converium package passed at EGM
Converium shareholders have formally approved the management’s package of measures designed to restore the company’s financial strength.