News
Intech and Hummingbird launch new products
Suppliers Intech and Hummingbird have launched new information management products for the London in...
US 2004 P&C costs down
US general insurers are expected to pay homeowners and businesses $1.65bn (£900m) for insured proper...
Momentum is building in the US Congress
Momentum is building in the US Congress for the extension of the Terrorism Risk Insurance Act of 200...
S&P cautions reinsurers on ratings
Standard & Poor’s (S&P) has claimed that parts of the global reinsurance market continue to have misconceptions about the ratings agency’s approach to assessing reinsurers’ financial strength.
Unions hit out at CIS job cuts
One of five unions representing workers at the Co-operative Insurance Society has voiced its anger at CIS’ plans to cull 2500 jobs.
Euclidian sale to spark Lloyd's consolidation
Lloyd's insurer Euclidian is set to become the first in a raft of acquisitions led by Capital Insurance Holdings and backed by Berkshire Hathaway's Warren Buffett.
Consumer law shake-up
The Government has announced plans for a shake-up in consumer law.
Lusk joins Alea
Alea Group has named Kirk H. Lusk as group senior vice president, strategic planning and corporate development.
CIS to axe 2500 jobs
Massive job cuts are to be made at the Co-operative Insurance Society as part of a major shake-up, according to reports.
Lloyd's rating unchanged for third year
Lloyd's has declared today's A rating by Standard & Poor's as a vote of confidence in the market.
Quartet join Grant Thornton
Financial adviser Grant Thornton has today appointed one partner and three managers to its forensic and investigation services practice.
IIS survey shows more market optimism
A new survey of international insurance executives carried out by the International Insurance Society (IIS) has revealed a more positive business outlook in the market.
Smart & Cook triples unit numbers
Credit Insurance Consultants, the credit insurance arm of national broker Smart and Cook, has strengthened its market position with the acquisition of Halifax firm Credit Insurance Brokers (UK). The acquisition will almost triple staff numbers.
Regency swoops for local rival
Weston-super-Mare-based Regency Insurance Brokers has bought local rival RT Moore.
Marsh invests in youth
Marsh has promoted Jonathan Webb to the position of Head of its Leicester office.
Ace in US software distribution deal
Ace Insurance has will distribute the National Britannia Group’s online risk management system to its US policyholders.
TRIA extension calls continue
Momentum is building in the US Congress for the extension of the Terrorism Risk Insurance Act (TRIA) of 2002, according to the American Insurance Association (AIA).
Market opportunities top executive priority
Taking advantage of new market opportunities is the leading pressing issue among executives from Europe, North America, Asia, Latin America and Africa, according to the International Insurance Society’s 2004 survey.
Aon wins BSkyB contract
Aon has been appointed BSkyB, the provider of digital television services, as its UK insurance and risk management adviser.
ABI demands flood defence assurances
The Association of British Insurers has welcomed the Government’s decision to reaffirm its commitment to maintaining and improving Britain’s flood defences in the spending review. But the ABI stressed Environment Secretary Margaret Beckett would have to…
Scor creates exchange platform
Scor Group has created an electronic exchange platform with Benfield, the international broker.
NIG planning online commercial push
NIG has launched online quotation system for commercial package policies and said it is in negotiations to join the i-market initiative.
PI Direct targets secondary intermediaries
PI Direct, the professional indemnity underwriting agency, has expanded its insured professions to include secondary intermediaries such as motor traders, retailers, opticians, dentists and hire firms. The product is being offered through its subsidiary…
Benchmarking important to market, claims Coomber
Benchmarking is an important tool to use in the current market, according to John Coomber, chief executive of Swiss Re.