News
Benfield sells business to private investors
Broker Benfield has announced that it has sold of its technology subsidiary Wildnet to a consortium of private investors.
S&P withdraws ACTR from ratings
Standard & Poor’s (S&P) has announced that it has first lowered and then withdrawn the counterparty credit and financial strength ratings of Ace Capital Title Reinsurance (ACTR).
Corifrance triples profits in 2003
Compagnie de Reassurance d’Ile de France (Corifrance) has announced that it made a post-tax profit of €2.9m, almost three times the €1m it posted in 2002.
Scor applies for Chinese reinsurance license
Scor Group has applied to the China Insurance Regulatory commission (CIRC) for a reinsurance licence.
Fusion Insurance opens regional office in Manchester.
Fusion has opened a regional office in Manchester.
Zenith extends full cycle EDI capacity on commercial vehicle product
Zenith has announced that the full cycle development of its Commercial Vehicle product has now been completed with Sirius for PMB (Unix) and Aquarius users.
AST plans to double staff
Graduate placement consultancy A Sure Talent is set for significant expansion this year on two separ...
Know Your Rights: This month - Religious Discrimination
David Fleming explains what new legislation on discriminating on the basis of religion or beliefs means for employee rights
Less than 10% of company directors are women
Fewer than one in 10 company directors in developed countries are women, according to a new survey. ...
Elements moves to new City base
Elements, the financial services recruitment specialist, has opened a new City office at 148 Leadenh...
SSP launches compliance solution
Software Solutions Partners (SSP) has launched a range of compliance modules called 'Compliance Connect', which will be available to its customers from April onwards.
Tillinghast warns of lack of workers' compensation capacity
The private insurance industry for workers’ compensation would not have sufficient capital to survive potential losses from a major terrorist event without federal help, according to a new report by Tillinghast.
Vega acquires second firm
Acquisitional broking group Vega Insurance Services has acquired Birmingham-based Thompson Rudd Group.
Capita set to seal run-off contract with NU
Capita Insurance Service is in advanced discussions with Norwich Union to deliver the run-off business of national broker Hill House Hammond. It follows extensive and detailed selection process.
Von Bomhard fixes on profitable future for Munich Re
Nikolaus Von Bomhard, the new chairman of Munich Re’s board of management, has said that the group’s objective for 2004 is a net profit of €2bn.
FSA blames resources for not acting over Equitable's Ranson
The Financial Services Authority said it would not take any action against Roy Ranson, former chief executive of Equitable Life because it would not be a good use of resources.
Global reinsurance market outlook still negative, says S&P
Standard & Poor’s (S&P) has published a new report that states that the ratings outlook for the global reinsurance market remains negative.
Allianz Cornhill Academy gains in-house ACII accreditation first
Allianz Cornhill's Underwriting Academy has been awarded the Chartered Insurance Institute's Prior Learning Accreditation, as predicted by Post Magazine this week, making it the first in-house training programme within the insurance industry to achieve…
Hannover Re signs up with eReinsure
Hannover Re has announced that it has contracted to use eReinsure’s online platform for reinsurance negotiation.
Groupama stays on credit watch
Standard & Poor's Ratings Services said today that its 'A' long-term insurer financial strength rating on Groupama remains on 'credit watch' with negative implications pending receipt of a new guarantee from its parent, Groupama S.A.
Heath Lambert wins aerospace contract
Heath Lambert Aerospace has announced it has been reappointed to the account of aerospace manufacturers Textron, for a further three years.
Stuart Alexander targets Manchester
Insurance broker Stuart Alexander has begun expansion plans for its Manchester office and hopes to a...
Appointment at Combined Insurance
Specialist provider of health and accident insurance Combined Insurance has made Paul White marketin...
Appointment at Alea Group Holdings
Global reinsurance and specialty insurance company Alea Group has named Mark Ricciardelli president ...