News
Hannover Re profits hit by nat cat losses
An unusually high burden of major losses from natural catastrophe events in the third quarter of 2004 prevented Hannover Re from generating a new record result, according to the company.
Vehicle inspection pilot aids fraud fight
Allianz Cornhill is launching a vehicle inspection programme on its private motor book following a pilot of Toad Group’s new Vehicle Inspection Service.
Equitas settles largest remaining exposure
Equitas said it has settled its largest remaining direct asbestos exposure. The policies of McDermott International subsidiary The Babcock & Wilcox Company, which is undergoing Chapter 11 reorganization, were paid off for $415m (£221m) in trust to a…
RSA ups the ante in EL reform push
Royal and Sun Alliance has called for the pace of reform of the UK’s Employers’ Liability market to be stepped-up.
Heath Lambert appoints deputy chairman
Heath Lambert has appointed Martin Bewsey as deputy-chairman of its property portfolio division.
Reinsurance market unaffected by BP Texas loss
Oil giant BP has confirmed to Reinsurance that the explosion and subsequent fire at its Texas City refinery on 23 March will be fully retained within the oil giant’s wholly-owned captive, Jupiter Insurance.
80% of London businesses ready for terrorist attack
London businesses are confident they are ready for a terrorist attack with 86% saying they have taken steps to prepare for a major incident on London, according to a survey by KPMG and the CBI.
Tucker made CEO as Prudential axe falls on Bloomer
Prudential has replaced chief executive Jonathan Bloomer, appointing HBOS finance chief Mark Tucker in his place.
Plexus Law wins Crawford subsidence contract
Crawford & Company UK has selected Plexus Law to provide specialist subsidence recovery services in a two year sole supply contract.
Scor returns to profit
Troubled French reinsurer Scor has announced that it made a return to profit in 2004 following several years of losses.
HSA and Healthsure merge
Andover-based HSA Group and Manchester-based HealthSure have announced the completion of arrangements for merging the two businesses.
Fitch upgrades SCOR
Fitch Ratings has upgraded SCOR group of companies to Insurer Financial Strength (IFS) 'BBB' from 'BB+'. The rating outlook remains stable.
Allianz teams up with CMI to boost skills
Allianz Cornhill has formed a partnership with the Chartered Management Institute in order to help e...
IFS expands reach with Pro Share buy
The Institute of Financial Services has acquired Pro Share UK, a company that specialises in 'share ...
CII sees jump in revision courses
The Chartered Insurance Institute has reported a 300% increase in demand for its revision courses at...
Time to test yourself: A selection of questions from various past-CII qualification papers
Whether you are studying for Chartered Insurance Institute exams or just want to test yourself, see how you do
Product recall sector is "ripe"
Product recall is an underdeveloped insurance market ripe for expansion in the near future, experts ...
Liability giant expands panel
DA Constable Syndicate 386 completed a wholesale review of its adjusting panel this week, expanding ...
Insurance Premium Tax frozen
Budget News
Giles puts off MBO to await Spitzer impact
Broker Giles has postponed its management buyout until 2007, it emerged this week. The Scotland-bas...
Ace looks to new offices
Ace European Group has continued its strategic push into the regions with three new business units t...
Appointment at Berkeley Berry Birch
The board of Berkeley Berry Birch has made Nicholas Davenport, a non-executive director of the group...
SVB keeps its options open over Fusion stake
London Market News
Standard and Poor revises outlook for Axa
News in brief