News
Appointment at Combined Insurance
Combined Insurance has recruited Tim Thirlway to the role of senior market research executive. He pr...
Illium Syndicate 4040 launches dedicated underwriting operation
Specialist Lloyd's liability writer Illium Syndicate 4040 is launching a dedicated underwriting oper...
RIMS gives account of Spitzer actions
The Risk and Insurance Management Society has made a statement, claiming it has taken an active role with US federal, state, and regulatory officials to respond to the contingency fee issue on behalf of its members.
Apil calls for safety culture
Thousands of needless injuries and countless deaths could be avoided if the UK were to adopt a proper safety culture, the Association of Personal Injury Lawyers told MPs at a House of Commons reception yesterday.
Aon report highlights terrorist threat to oil and gas industries
The oil and gas industry should remain constantly alert against the threat of terrorist attack, according to a new report released by Aon. Oil and gas installations, including pipelines, terminals and distribution systems, are a very popular terrorist…
Spitzer confirms governorship bid
New York Attorney General Eliot Spitzer has confirmed that he is standing in the race for the governorship of New York State in 2006.
Industrial Risk Insurers slams WTC verdict
Industrial Risk Insurers is convinced that the attack on the World Trade Center was a single occurrence.
Helphire achieves 131% profit rise
Helphire Group have announced interim results for the half-year ended 30 September 2004.
Moody’s upgrades Scor
Moody's has announced that it has upgraded Scor's Insurance Financial Strength Rating (IFSR) to Baa2 from Baa3, Senior Debt to Baa3 from Ba2, and Subordinated Debt to Ba2 from Ba3. All ratings have a positive outlook.
Atrium expecting 2005 profit
Atrium Underwriting today announced its 2002 and 2003 account forecasts for its Syndicates 570 and 609.
Second WTC trial jury rules for Silverstein
A jury has declared that the attacks that destroyed the World Trade Center (WTC) were two separate events, doubling to $2.2bn the damages leaseholder Larry Silverstein can collect from insurers.
Spitzer tipped to run for governor of New York
Eliot Spitzer, the New York Attorney General who has thrown the insurance industry into turmoil following his accusations of bid rigging and market abuse, is expected to announce this candidacy for governor of New York in 2005, according to the New York…
Countrywide helps brokers explain FSA benefits
The Misys Countrywide network has produced a guide for its members to help them explain the benefits of Financial Services Authority regulation to their customers.
XL Capital announces new duties for Luck and Keeling
XL Capital has announced that with immediate effect Fiona Luck, executive vice president, Group Operations, becomes global head of Corporate Services and Henry Keeling, executive vice president and chief executive for Reinsurance Operations, is named…
Lord Levene to serve second term as chairman of Lloyd’s
Lord Levene of Portsoken will serve a second term as chairman of Lloyd’s of London.
Oxygen hires first agency team
Oxygen, the London market insurance intermediary company launched in October, has today announced details of the first team to join its agency business.
Germaine quits GAB Robins
David Germaine has quit GAB Robins UK as group marketing director to join Knowles — a legal, technical, training & management consultants. As a result of the move, Lynn Cufley has been promoted to head of communications at GAB Robins.
Halifax unveils new general insurance head
HBOS General Insurance has today announced the appointment of Jerry White as managing director of Halifax Insurance Ireland.
Great American Insurance subpoenaed by Spitzer
American Financial Group has announced that its property and casualty insurance subsidiary, Great American Insurance, has received a subpoena from the New York Attorney General's office which has requested information concerning Great American's business…
DLA/Rudnick merger creates legal giant
Law firms DLA and Piper Rudnick have announced a merger, making it the third largest law firm in the world by lawyers and the sixth largest by revenues, according to the latest AmLaw Global 100 rankings
2004 hurricanes left reinsurers unbattered, claims Benfield
Despite a record number of hurricanes and typhoons during the third quarter of 2004, global reinsurers in general, and the Bermudians in particular, report little or no damage to their balance sheets according to the most recent Benfield Bermuda…
Arch launches marine division
Arch Insurance Company today announced the establishment of its marine underwriting division with the appointment of William Beveridge.
Evolution deploys IT system for online mid-term adjustments
Evolution Underwriting has announced the implementation of its online mid term adjustment facility. This follows on from the launch of the new business trading system in June, which has secured in excess of £3m GWP.
Aon sells off Endurance stake
Aon Corporation has sold virtually all of its equity investment in Bermuda-based insurance and reinsurance company Endurance Specialty Holdings.