News
SVB results take hit from provision
Lloyd's insurer SVB Holdings has announced a £117.5m loss in its 2004 interim results for the first half of 2004.
Aon announces formation of Aon Re Nordic
Aon has announced a consolidation of its Nordic reinsurance operations with the launch of Aon Re Nordic.
Senior Heath Lambert figure to retire
Heath Lambert Group today announced the retirement of one of the company’s long-serving executives and a senior industry figure.
A.M. Best affirms ratings of Lloyd’s Syndicate 382
A.M. Best Co. has affirmed the Best’s Syndicate Rating of A (Excellent) and the issuer credit rating of “a+” of Lloyd’s Syndicate 382, which is managed by UK’s Hardy Underwriting Agencies.
Eversheds teams with Spanish reinsurance and insurance specialist.
International law firm Eversheds’ Spanish associate firm, Lupicinio Eversheds, has teamed up with Spanish reinsurance and insurance specialists Gervás, Salas & Asociados.
BLG targets aviation with Singapore office
Law firm Barlow Lyde & Gilbert is opening an office in Singapore to serve local aviation insurer clients.
Atrium ups its capacity share
Atrium Underwriting has acquired £25m of capacity on its two managed syndicates, 570 and 609, in the first two capacity auctions of the 2004 Lloyd’s auction season, at a cost of £2.8m. Following these acquisitions, Atrium now owns £83m of its managed…
AXA UK acquire Barclays director
AXA UK has appointed Bob Dench as a non-executive director.
RMS releases Ivan damage estimates
Risk Management Solutions (RMS), has predicted that insured losses from Hurricane Ivan in the US are likely to range from $2 to $7bn.
Munich Re and Indeminity Company to provide capacity for Converium
Converium has agreed with National Indemnity Company and Munich Re that, with effect from 16 September 2004, the latter two companies and their associates will provide security for Converium's full share of all risks underwritten by Global Aerospace on…
Moody’s delivers new Converium warning
Moody's Investors Service has announced that it has placed the IFSRs of Converium and Converium Rueckversicherung (Deutschland) on review for possible downgrade.
Allianz focuses on sales
Allianz Cornhill's new sales and distribution strategy will rely heavily on a training programme it ...
Path to success: Regional Management
At 33, Jonathan Webb is Marsh's youngest head of office. Here, he reflects on his career to date
Fusion: new location will attract more young workers
Fusion has stated that the relocation of its Midlands regional office from Solihull to Birmingham ci...
CII awards Ashworth Mairs accreditation
Loss adjuster Ashworth Mairs Group has been awarded continuing professional development accreditatio...
Twenty-year claims low for London Club
The London P&I Club has announced that its level of claims for the 2003/4 year of account was down by fourteen per cent on the previous year.
Ivan approaches US Gulf coast
Risk Management Solutions (RMS) has said that insured losses in the US could range from $4 to $10bn if Hurricane Ivan follows the latest meteorological forecasts.
LMP processes making headway
Iain Saville, head of business process reform at Lloyd's, today welcomed further progress made in LMP slip quality. But he warned that more needed to be done for the market to achieve the slip quality target of 95% by the end of the year.
CMGL launches new audits and inspection service
Claims Management Group has launched a specialist audits and inspections service.
Cox review sees closures and prospective sale
Lloyd’s motor insurer Cox today reported a £13.7m profit on ordinary activities for the six months ended 30 June, down from £28.3m in 2003. It also announced the reults of a review which will see it discontinue its premium financing arm (Can Do Finance),…
Alexander Forbes makes new acquistion
Alexander Forbes has acquired Channel Islands-based The Shepherd Group of Companies.
Catlin reiterates its commitment to aviation market
London market insurer Catlin has reiterated its commitment to the aviation market following the resi...
IT firm plans Euro expansion
Insurance technology provider Software Solutions Partners has revealed plans to increase turnover fr...
Zurich defends "gimmick" criticism
Zurich has defended its employers' liability cash-back incentive after criticism that customers migh...