News
Appointment at FMW
Emma Cairns has been appointed account handler within the property and corporate risks team of Essex...
Heath Lambert appoints Aon director
Heath Lambert Group has appointed Nigel Godwin as executive director within its major accounts group.
New research highlights UK underinsurance problem
More than one in ten (13 per cent) Britons don’t have cover to protect the contents of their home. This figure rises to one in five (21 per cent) in London, while in Scotland just 5 per cent having no contents insurance according to new research.
Arch boosts property team with Allianz team leader hire
Arch Insurance has appointed Alex Campbell as property underwriting manager.
CNA opens new UK office
CNA has opened a new branch office in Southampton, led by Alan Wilkins.
Aon claims environmental risks a future hazard
Environmental risks could represent the biggest (as yet, non disclosed) threat to a company’s balance sheet, according to Aon.
Avon to sell motor insurance
Avon, the beauty products company, has confirmed plans to diversify into financial services and could be selling motor insurance in the next five years through the extra 20 000 Avon ladies it plans to recruit, according to newspaper reports.
TSR predicts stormy 2005 ahead
Tropical Storm Risk (TSR), has warned of another active Atlantic hurricane season in 2005.
Trio plead guilty in Spitzer investigation
New York Attorney General Eliot Spitzer said today that a senior executive at Marsh and two AIG employees have pleaded guilty to criminal charges in connection withan ongoing investigation of fraud and bid rigging in the insurance industry.
AIG's Mohs to plead guilty in Spitzer charge
John Mohs, who worked at AIG, is to be charged today by New York Attorney Elliot Spitzer, in connection with the attorney general's investigation of big rigging in the insurance industry.
Munich Re: renewals add to profit forecast
Munich Re has forecast profit of around euros 1.8bn for 2004 and stated that renewal of non–life reinsurance treaty business at 1 January 2005 has been very successful "despite some Cassandra–like prophecies"
IUA CEO steps down to pursue general election seat
Marie-Louise Rossi is to leave the International Underwriting Association of London after more than six years as chief executive of the association she helped to create. She plans to concentrate in the short term on her political activities, but hopes to…
Pleural plaques: insurers consider appeal
Insurers are considering an appeal after a judgment handed down in the Pleural Plaques Test Litigation ruling in favour of the Claimants on liability, but revising the level of damages downwards.
A clear victory for justice over greed says Apil
The insurance industry’s failure in Grieves v others to overturn the law and abolish compensation for pleural plaques is a clear victory for justice over greed, according to Colin Ettinger, president of the Association of Personal Injury Lawyers.
Amicus pleased with verdict on pleural plaques
Amicus has said it will welcome today's high court judgement, which sees insurers fail in their attempt to shirk their responsibility to compensate up to 75% of asbestos claims.
Insurers fail in bid to stop compensation for pleural plaques
Insurers have failed in their attempt to evade responsibility for compensating thousands of victims of asbestos exposure according to a landmark judgment in a test case announced today in the High Court in Newcastle Upon Tyne.
Moody's comments on new look Axa
Moody's has affirmed with a stable outlook Axa's debt ratings (senior at A2), as well as the Aa3 insurance financial strength ratings of Axa's main operating subsidiaries, saying that the group's refocusing and rationalization efforts deployed in recent…
Scor premiums down for 2004
Scor group’s gross written premiums for the 2004 financial year amounted to €2578m at constant exchange rates, down 30.2% compared to 2003.
Rubicon founder steps down after new cash injection
Outsourcing group the Rubicon Corporation today announced that it has successfully completed its second stage financing and has secured the required level of funding to support the business's continued growth. Concurrent with the fundraising founder Max…
Zurich in Easy insurance deal
Zurich has signed a deal with the Easy Group to sell low cost car insurance via the internet.
AIG issues Spitzer update
American International Group (AIG) has issued a statement regarding subpoenas received from the Office of the Attorney General for the State of New York and the Securities and Exchange Commission.
Top 250 brokers see slow in growth
Cornell Consulting's respected annual review of distribution in the UK commercial market estimates that growth for the Top 250 independent brokers slowed to 9% in 2004. This, says the report, is the lowest growth since 1999 and reflects the softening…
Swiss Re announces good renewals
Swiss Re’s continued focus on profitable underwriting achieved attractive rates in the January renewal. Premium volume decreased slightly by 2%.
Navigant Consulting acquires Casas, Benjamin & White
Dispute, financial, regulatory advisory firm Navigant Consulting has acquired independent financial advisory Casas, Benjamin & White