News
Penny Black's insurance week
What do insurance men do when they retire? Well, they become vicars of course, as Penny found out la...
Hatton stalls stress cases
Employers' liability cases for stress at work are not getting through the courts, despite fears that...
Appointment at Glencairn
Glencairn has made Peter Cheesman manager for modelling solutions. Joining the reinsurance division,...
Appointment at Eg Solutions
David Blain has joined operations management provider Eg Solutions as financial director and company...
Central to the fund
The marble interior and historic entrance portico of Lloyd's of London's former headquarters is for ...
Highway reserves could up bid price
Highway Insurance could become a more attractive takeover target following revelations it has almost...
Motor rates have hit plateau says report
The fmotor market is heading for a big correction in rates in the next six months, according to Roya...
Appointment at Tokio Marine Global
Adrian Ballardie has joined Tokio Marine Global as chief underwriting officer, having spent 10 month...
Management buyout for Airclaims
News in Brief
Airbus effect may raise limits for all
The introduction of the super-jumbo Airbus A380 aircraft will cause a rise in insurance liability li...
Equitas attacks proposed US law
Equitas, the reinsurance vehicle set up to rescue Lloyd's from asbestos liabilities, has attacked a ...
Appointment at Audatex
Steve Watson has become product manager for new services at Audatex. Prior to this, he spent eight y...
Appointment at Smart and Cook
News in Brief
Powerplay Direct merger
Claims News in Brief
Insurers to pay less to FSCS
General insurers' prospective levy from the Financial Services Compensation Scheme will drop by £40m in 2005/6, according to the body's new business plan. Insurance intermediaries will be required to contribute £1.7m to the pot.
FSA announces 2005/6 business plan
The Financial Services Authority has published its Business Plan. This sets out the FSA's priorities for 2005/06 and the budget necessary to deliver them.
AM Best comments on Munich Re announcement
AM Best has announced that the financial strength rating of A+ (Superior) (with a stable outlook) and the issuer credit rating of “aa” (with a negative outlook) of Munich Re remains unaffected following the company’s revised earnings forecast for 2004 …
Moody’s places GE Insurance Solutions under review
Moody's Investors Service has announced that it has placed the ratings of GE Insurance Solutions Corporation (senior unsecured debt at A1) and its rated operating subsidiaries under review for possible downgrade.
Fitch affirms Lloyd's rating following Central Fund award
Rating agency Fitch has affirmed Lloyd's ratings following its announcement of a partial award in arbitration proceedings relating to the Lloyd's Central Fund. The outlook on the Insurer Financial Strength (IFS) and Long-term ratings remains stable.
Smart and Cook appoint new chair
Smart and Cook has announced the appointment of David Owen as its new non-executive chairman, following the recent death of company founder Geoff Cook.
Ombudsman shake up sees new chair appointed
The Financial Services Authority today announced the appointment of Sir Christopher Kelly KCB as the new chairman of the board of the Financial Ombudsman Service. The board runs the single ombudsman scheme set up by the FSA under the Financial Services…
Lloyd's favoured in central fund dispute but case rumbles on
Lloyd’s dispute with six reinsurers of its new central fund is in the balance after arbitration proceedings found that one of the carriers, Swiss Re, was entitled to "avoid the policy".
US P/C market premiums down, claims CIAB survey
More than 80 percent of small and large commercial property/casualty accounts and 90 percent of medium accounts found their insurance premiums either stable or down by as much as 20 percent during the fourth quarter of 2004, according to survey data…
Arthur J Gallagher merges operations
Arthur J Gallagher has announced the merger of its two United States reinsurance brokerage subsidiaries, Arthur J Gallagher Intermediaries in New York and John P Woods in New Jersey, effective immediately.