News
Towergate looks to grow leisure book with deal
Towergate Underwriting Group has acquired Innpak, the business specialising in the provision of insurance services to the licensed trade, as part of the group’s drive into the leisure sector.
IT Managers criticise FSA for setting unrealistic reporting deadlines
IT managers have criticised the Financial Services Authority for setting ‘unrealistic deadlines’ and ‘not understanding the complexity of the compliance task’ laid out in the FSA’s Policy Statement 04/9.
Munich Re Q2 figs show recovery
Munich Re has posted a profit of €628m, taking the company’s results for the first half of the year to a profit of €1.2bn, a big rise on the €529m loss it made in the first half of 2003.
Heath Lambert announces Malaysian venture
Broker Heath Lambert has launched a joint venture in Malaysia.
Triple boost for Groupama healthcare
Groupama Healthcare has made three appointments to strengthen its management team.
Silcock takes on Medicash compliance role
Medicash has appointed a new compliance manager in preparation for new FSA regulations.
Allianz Cornhill in whiplash warning
Allianz Cornhill has found that 52% of motorists do not know the recommended position for their restraint to prevent whiplash.
SCPIE unveils Q2 results
SCPIE Holdings has announced its results for the second quarter and first half of 2004.
XL appoints reinsurance chief
XL Capital today announced the appointment of Susan Cross as chief actuarial officer for non-life reinsurance.
Direct Line claims industry first
Direct Line has announced what it claims is a “revolutionary” change to it’s motor insurance policy.
Bennetts in Axa boost
Bennetts, part of the Budget group of companies, has added Axa to its growing panel of insurers.
Markel joins Kinnect platform
Markel International has become the first major insurer to sign up to the Kinnect Platform since the group was formed last year.
PI merger creates new underwriting giant
PI Direct, through the creation of a new holding company, is to merge with Saturn Professional Risks.
Airmic suffers Treasury blow
The Association of Insurance and Risk Managers has lost its battle to receive Treasury exemption from FSA Regulation.
Axa UK reports GI growth
Axa UK today reported that its underlying earnings increased 138% to £99m from £41m for the first six months of 2004, posting a combined ratio of 98.5%, an improvement of 3.9 points. UK gross revenues increased by 4% to £3.6 bn.
Sound advice
Career Clinic
Lagging salaries drive insurance bosses away
The resignation rate among insurance managers is increasing as salaries stutter, according to a new ...
Mersey broker earns IIP status
Liverpool-based commercial broker Coulter Hurst and Co has been awarded Investor In People status fo...
Know your rights: This month - Working Time
The UK's endemic long-hours culture persists, despite the existence of the Working Time Regulations 1998. Saba Mozakka recaps what the law actually says about time spent at work
XL London chief to join Talbot
Lloyd’s insurer Talbot Underwriting has appointed Gilles Bonvarlet to the newly created position of chief operating officer.
JLT confirms Risk Solution re-organisation
The Jardine Lloyd Thompson Group has confirmed that, with affect from 6 September 2004, it will be re-organising Risk Solutions.
Broker pair join Lloyd's software company
Two senior brokers from Marsh and Willis have joined Lloyd’s in-house software company Kinnect.
Pru sets out to "shake up" PMI market
The new private medical insurance company, PruHealth, has announced it is to ‘shake up’ the UK market out of its complacency.
PXRE posts reduced profits
PXRE Group has announced that it made a reduced profit in its results for the second quarter of 2004.