News
Distribution to be overhauled
Two leading insurance executives have forecast a radical overhaul in the insurance distribution mode...
SVB outlook good despite 2002 loss increase
Lloyd's insurer SVB's syndicate forecasts have revealed increased losses for the 2002 year of accoun...
The Broker Network announces increase in turnover
The Broker Network has announced a 75% increase in turnover through organic growth and acquisition i...
SBJ predicts further buy-ins after securing equity cash
London market broker SBJ Group has forecast further sustained growth and consolidation in the market...
Industry to promote driver awareness as government acts on uninsured driving
The Association of British Insurers is urging the industry to improve young people's access to motor...
Underwood officially unveiled as FOIL president
The Forum of Insurance Lawyers, has appointed Andrew Underwood, partner in national law firm Keoghs, as its new President.
Swiss Re report claims insurance market facing good 2005
The life and non-life industry’s 2004 return to profitability will continue into 2005, according to Swiss Re’s annual look at the insurance markets. However, as rates reach their peak growth will be lower than that achieved in 2004.
First Assist in package boost
Health specialist First Assist says it can now offer travel insurance and medical assistance packages after it won a new contract with Bradford & Bingley.
Halifax scoops customer award
Halifax General Insurance has picked up the Most Effective Customer Communication award at the Institute of Financial Services Financial Innovation Awards 2004.
JLT receives FSA authorisation
Jardine Lloyd Thompson has been granted its “Scope of Permission” notice from the Finantial Services Authority.
Lundberg takes director role at Cooper Gay
Broker Cooper Gay has appointed Philip Lundberg as a director within its non marine division.
Moody’s issues Odyssey Re rating
Moody's Investors Service has assigned a Baa3 rating to Odyssey Re Holdings Corporation's $225m 10-year senior notes issued in November of 2003. In addition, the rating agency affirmed the A3 insurance financial strength ratings of Odyssey's lead…
FSA counts down to taking charge
As the FSA in the UK takes over regulation of the insurance sellers, reinsurers can start to see the priorities it is likely to set
Glacier Re launched
Glacier Reinsurance, a Swiss start-up reinsurance company, has been launched, having successfully ra...
Appointment at Ace European Group
Andrew Kendrick, president and chief executive of Ace Bermuda, has been named chairman and chief exe...
IPCRe keeps AM Best'sA+ rating
Re-ratings
CIAB witness attacks "misguided" view of brokers
The Council of Insurance Agents and Brokers has said in Washington that it is "misguided" to presume...
Hartford buys nat cat package from Foundation Re
Hartford Financial Services Group has bought $247.5m worth of reinsurance for natural catastrophes f...
Aon sells off Endurance stake
Aon Corporation has sold virtually all of its equity investment in Bermuda-based insurance and reins...
Carvill Re launched
Reweb
Appointment at Amlin Credit
Damien Dawson has been appointed as underwriting director at specialist trade credit insurer Amlin C...
Appointment at JLT Risk Solutions
JLT Risk Solutions, a subsidiary of Jardine Lloyd Thompson Group, has expanded its real estate team ...
2004 hurricane season 'not unusual'
The 2004 hurricane season, which saw four hurricanes hit the state of Florida, should not be conside...
Industry hopes political stability will bring Tria renewal
The insurance industry showed little preference in the recent election as it looks to Washington to pass a raft of reforms