News
80 jobs lost in Lytham as Axa adds to Indian workforce
Axa has announced 80 jobs at its Lytham St Annes office will be moved to India in the next year.
Lloyd's management receive substantial bonuses
Lloyd's of London increased chief executive officer Nick Prettejohn's pay by 33% in 2003, as profits more than doubled.
Insurance buyers tell market to cut premiums or lose business
Purchasers of commercial insurance in the telecommunications and electronics sectors have delivered an ultimatum to insurers - cut premiums and offer bespoke coverages or lose businesss to non traditional solutions as captives and protected cell…
Motor retailers unprepared for FSA regulation, according to RMI
With only eight weeks left until the registration deadline, motor retailers are still unready for new insurance rules coming into force next year, according to the Retail Motor Industry Federation (RMI).
Appointment at Canopius Managing Agents
Lloyd’s insurer Canopius Managing Agents today announced the appointment of Joyce Webb as divisional marine underwriter.
Ri3k launches electronic data hub subsidiary
Ri3k has launched LifeRIC, an electronic data hub for the North American life reinsurance industry.
Tourle joins Cooper Gay
The Cooper Gay Group has announced the appointment of Brian Tourle to its Special Risks division as broker with responsibility for credit and surety business.
Moody’s withdraws Trenwick America Re rating
Moody's Investors Service has withdrawn its rating on Trenwick America Reinsurance which has been in runoff since June 2003.
Axa in strategic alliance with NAG
Axa UK has announced a strategic alliance with National Australia Bank to offer Axa commercial insurance products and services to customers of the National’s three UK banks.
FSCS names interim chief executive
The Financial Services Compensation Scheme has announced that Ron Devlin, OBE, has agreed to act as interim chief executive following the departure of the current chief executive, Suzanne McCarthy, at the end of May.
Motor giant replaces Misys with InsurE-com
InsurE-com has been contracted by Arnold Clark Insurance Services to implement its insur-E.tamCentral and insur-E.quote software as a replacement to Misys.
Heath Lambert to provide travel insurance for cystic fibrosis sufferers
Broker Heath Lambert today announced that its affinity partnerships team has developed a travel insurance product for Cystic Fibrosis sufferers.
Esure outlines further expansion plans
Esure has formerly opened its new Manchester office, which it will share with sister company First A...
Aon boss joins search firm
Specialist insurance and reinsurance executive search firm EJS has hired Brian Stewart-Brown, former...
Solicitors set to hire 100
Cardiff-based solicitor Hugh James has announced it will be hiring a total of 100 new solicitors, le...
Time to test yourself
A selection of questions from various past-CII qualification papers. Whether you are studying for Chartered Insurance Institute exams or just want to test yourself, see how you do
Biba calls for young blood
Outgoing British Insurance Brokers’ Association chairman Hamish Ritchie made a plea to members and delegates at the conference today, to bring young blood into the association.
Cornhill confirms Hanks appointment
Allianz Cornhill today confirmed the appointment of Lloyd Hanks as broker sales manager, as predicted by Post Magazine (PM 20 May, p1).
Galbraith calls for broking market to shake off low profile
British Insurance Broker’s Association chief executive, Eric Galbraith, has declared the need to recruit "weapons grade talent" if the broking sector is to shake off its low profile with the public and enhance its reputation in the insurance industry.
Marsh appoints new deputy chief executive for retail business
Broker Marsh has appointed Chris Lay as deputy chief executive of its UK retail business.
Giles Insurance continues acquisition-led growth
Independent commercial broker Giles Insurance has bought broker MacFarlane Bruce – its 22nd acquisition in 10 years.
Health insurance uptake remains steady, says ABI
Modest growth in corporate subscriptions meant that total numbers of health insurance policies in 2003 held firm, according to figures released today by the Association of British Insurers.
Carole Nash appoints CCL for support contract
Carole Nash Insurance Consultants has appointed the CCL Group to support customers when demand is high for the hire motorcycles or cars following an accident.
PCI looks at Sarbanes-Oxley effects
The Property Casualty Insurers Association of America (PCI) has conducted a mini-seminar on the impact of the Sarbanes-Oxley Act of 2002 for its member companies.