News
FSCS plans to give insurers back £42m
The Financial Services Compensation Scheme has announced its intention to refund a surplus of £42m to relevant firms in the general insurance contribution group A3 before the end of the financial year 2005/06.
Broker sells HNW business to managers
Berry Birch and Noble, via its subsidiary, BB Insurance Brokers, has disposed of its high net worth business for a consideration of 275 000 pounds.
AIR Worldwide opens Munich office
AIR Worldwide Corporation (AIR) has opened AIR Worldwide GmbH in Munich, Germany, to meet the needs of its expanding client base in the region. AIR Worldwide GmbH will be headed by Yörn Tatge.
Broker and insurer relations - full CII report
A widening split in the broker sector between ‘traditionalists’ and ‘innovators’ will see competitive pressures intensify on those unwilling or unable to embrace change and look to the future, the Chartered Insurance Insitute believes.
Broker acquisition sees it triple in size since MBI
Stackhouse Poland has continued its expansion with the acquisition of London based broker RHB Insurance Services.
Multiassistance launches portal to cut claims lifecycle
Multiassistance, the property repair and improvement network has launched Multiaccess, an online portal which gives loss adjusters real-time remote access to reports, estimates, photographs and invoices for clients’ property claims.
Endurance makes key promotions
Bermudian (re)insurer Endurance Specialty Holdings ha sannounced today the promotions of two senior executives at Endurance Specialty, its Bermuda operating subsidiary. Susan Patschak will become executive vice president and COO and Christopher T…
Benfield direct broker opens office in Canada
Benfield Corporate Risk, has announced the opening of an office in Calgary, Canada. Its Canadian operations will be managed by Richard Cutfield, a former managing partner of Jones Brown.
Katrina and Rita cause Louisiana Farm downgrade
AM Best has downgraded the financial strength rating to B+ (Very Good) from A- (Excellent) of Louisiana Farm Bureau Mutual Insurance Company (LFB). The rating has been removed from under review and assigned a negative outlook.
Kanak quits at AIG
American International Group (AIG), has announced that Donald P. Kanak, executive vice chairman and chief operating officer, has resigned from the company, effective January 31st, for personal reasons.
IFS toasts exam take-up
The Institute of Financial Services has reported that a record number of women have registered for i...
CII supports new framework
The Chartered Insurance Institute has introduced a job role and competency framework to support insu...
Allianz in top quarter of IIP 'Profile' results
Allianz Cornhill has been awarded Investors in People accreditation against the new 'Profile' standa...
Institute creates two new specialist teams
The Chartered Insurance Institute has established two teams within its specialist business function,...
Garages await go-ahead
Garages and vets may get the green light to join the British Insurance Brokers' Association by Febru...
Stonebridge nets first new clients
A broking start-up, which took 22 clients from Giles, claims it has secured £250,000 worth of commis...
TBN happy with results despite pressure on rates
The Broker Network has announced a 97% rise in operating profit, to £1.5m, for the six-month period ...
Goss Group buys under Goss and Co banner
Goss Group has brought all its insurance broking and financial services companies under the Goss and...
Appointment at Mathieson-Ingham
Kelly Glover has joined Mathieson-Ingham's head office team. Ms Glover will be responsible for claim...
The past year difficult for the protection and indemnity clubs
Increasing claims costs, uninspiring investment returns, higher levels of required capitalisation, a...
Ex-Markel boss toasts start-up
Specialist lines underwriting agency Amalfi Underwriting claims it is on track to gain $25m (£14.2m)...
Appointment at Amlin Credit
Specialist trade credit insurer Amlin Credit has made Ray Massey risk director. He joins from AIG, w...
A contracts network of project managers set up
A contacts network of project managers, responsible for driving contract certainty improvements in t...
Appointment at Glencairn
Glencairn has made Nick Young a partner of Glencairn Risk Solutions, the property and casualty divis...