News
Pittman in HBOS household claims return
HBOS General Insurance today announced the return of Jim Pittman as head of household claims.He was previously claims manager at HBOS General Insurance and responsible for the creation of HBOS's internal adjusting division of Personal Claims Consultants.
Jelf profits leap 93%
AIM-listed broker the Jelf Group has delivered record profits before tax, breaking the £1m barrier for the first time. The results represented a 93% increase in PBT for the trading year ending 30th September 2005.
RFIB appoints Northridge as non-exec
Lloyd's broker RFIB Group has announced the appointment of John Northridge as a non executive director.
Towergate acquires £4.5m Medical & Professional
Towergate Partnership has announced the acquisition of Cardiff based intermediary, Medical & Professional. The portfolio represents £4.5m of commercial business and fits with Towergate’s existing Cardiff operation, with both businesses consolidating…
Former Benfield US boss to head Clarendon
Hannover Re has announced that Rod Fox is to lead its US specialty insurance operations as CEO of Clarendon Group
CII awaits pension fund trustees response
The trustees of the Chartered Insurance Institute’s pension fund will tomorrow respond to proposals to cut the company’s final salary pension scheme.
Ace survives bad 2005 with healthy profit
Ace has posted a profit of $1bn in net income for the year 2005, despite the fact that it was hit by substantial losses from the intense hurricane season.
Broker consolidator strikes 17th deal
Broker Network Holdings has acquired the general insurance business of Ian Frazer Insurance Brokers of Swinton, Manchester.
Brit to exceed market expectations for 2005
Brit Insurance today said that driven by good performance both in its non-catastrophe exposed underwriting portfolios and in its investment portfolio, it expects that its pre-tax profit for 2005 will be in the region of £60 million. This, Brit added, was…
2006 hurricane season to be stormy, claims forecast
Climatologists at Colorado State University have predicted that the 2006 hurricane season will be "v...
Lloyd's launches new plan
Lloyd's Franchise Board has set out the market's goal to be the "platform of choice" for large and s...
JLT Re starts up
Jardine Lloyd Thompson Group has announced that JLT Re commenced trading on 1 January 2006. JLT Rei...
XL Capital denies O'Hara claims
XL Capital has denied reports that chief executive Brian O'Hara is under pressure to resign from his...
Aon UK to close several offices
Aon UK has completed a review of its regional property portfolio and has announced that it will be c...
Benfield issues update predicting future reinsurance capacity
Benfield Group has issued an update on current market conditions and provisional comments on the tra...
Aon's new political risk map highlights 23 dangerous countries
Investors will not be trading in a safer world in 2006, despite twice as many countries experiencing...
Lloyd's Lord Levene calls for end to trade barriers post-Katrina
Barriers to trade must be removed to permit foreign reinsurers to lend more support in the event of ...
Fitch warns of German new business slowdown
Fitch Ratings has warned of the consequences of an ongoing reduction in new business of German life ...
Catlin Group revises hurricane losses
Catlin Group has completed its initial estimate of losses arising from Hurricane Wilma, and has revi...
Lloyd's raises upper disaster limit
Lloyd's of London has raised the upper limit on a string of Realistic Disaster Scenarios (RDS) for t...
Senate passes TRIA extension bill
In a unanimous consent vote, the US Senate has passed the Shelby/Dodd TRIA extension compromise bill...
Spitzer releases report on 'Hank' Greenberg allegations
New York attorney general Eliot Spitzer has released a formal report on the alleged abuses carried o...
DIMA denies lobbying against EU standards
The Dublin International Insurance & Management Association (DIMA) has rejected claims that it has l...
NY attorney general strikes again
New York attorney general Eliot Spitzer and Insurance Superintendent Howard Mills have announced an ...