News
Former Marsh duo launch new consultancy
Ex-Airmic chair Taylor teams up with Clowes for start up.
Hogmanay organisers face bill after failing to arrange cancellation insurance
The organisers of the Edinburgh Hogmanay Celebrations face costs of up to several hundred thousand pounds as a result of failing to arrange cancellation insurance for the events on New Year's Eve due to adverse weather conditions, according to events…
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Careers Clinic
Path to Success: Business Practices Analyst
Steve O'Connor, business practices analyst at Limit Underwriting, talks of his career to date
Hiscox expands in Colchester move
Hiscox Insurance Company is providing a boost to the Essex region, with the planned opening of a new...
Rising employment levels spark wage cost fears
Employment levels will rise by 250,000 next year, according to a review of HR prospects by the Chart...
Collins steps down as chairman of JLT Risk Solutions
Global broker Jardine Lloyd Thompson today announced that John Lloyd, a director of Jardine Lloyd Thompson Group plc, will take up the position of chairman of JLT Risk Solutions Limited with immediate effect.
Groupama withdraws S&P rating for run-off subsidiary Minster
Standard & Poor's Ratings Services said today that it had affirmed its 'A' insurer financial strength rating on U.K.-based Minster Insurance Co. The rating was simultaneously withdrawn at the request of the French parent company Groupama. Minster is a…
Brokers could be losing out in mortgage sales
Brokers and independent financial advisers could be losing nearly £1bn per annum by allowing mortgage lenders to sell general insurance to their mortgage clients, broker Goodfellows has claimed.
Bennetts signs deal with British Motorcyclists Federation
Bennetts, one of the UK's major players specialising in motorcycle insurance, has been selected by the British Motorcyclists Federation as its preferred broker, in a three year deal which will be effective from 1 January 2004.
Tracker reports increase in recoveries over 2003
Vehicle recovery specialist Tracker's initial audit of the year's results shows an increase in recoveries from 1319 to 1375. The value of recovered vehicles increased by 10% to £35.1m, a monthly average of £2.9m, or £96 200 per day.
XL Capital boost XLCA
Bermuda-based reinsurer XL Capital has announced that it has contributed $100m of additional capital to support the business growth of its financial guaranty insurance unit XL Capital Assurance (XLCA).
Kiln Syndicate 510 first to cover long-term war risks
Lloyd's managing agent R J Kiln & Co has announced that Syndicate 510 commenced underwriting Long-term and Domestic War on Land (LDWL) insurance on 1 January 2004.
Highway Insurance signs exclusive partnership
Broker-only motor insurer, Highway Insurance has signed an exclusive partnership with motor salvage ...
Fraud Focus - PM's new monthly column looking at fraud from an insurance perspective
According to the National Criminal Intelligence Service, gangs of organised criminals now derive as ...
Royal & Sun Alliance appoints George Culmer
Royal & Sun Alliance has appointed George Culmer to replace outgoing finance director Julian Hance. ...
Chaucer reviews business acquired from Kiln
Lloyd's insurer Chaucer will place professional indemnity syndicate 1204 into run-off next year havi...
Industry names scoop honours
Two founder members of the All Party Parliamentary Group on Insurance and Financial Services receive...
ABI is failing GI market
The general insurance industry should be represented by its own trade body, separate from the life m...
Cargo Solutions sells its European marine claims business
Cargo Solutions, the global provider of project cargo and cargo risk management services, has sold i...
Fusion expects up to 40% growth in gross written premiums
Lloyd's agency Fusion is expecting up to 40% growth in gross written premiums for 2004 to over £130m...
Insurers give warranty reform a mixed reception
Insurers have given a mixed reaction to the government's recent green light for reform of the sale o...
Brit Insurance Holdings expects positive underwriting conditions
Brit Insurance Holdings is expecting underwriting conditions in its target areas for 2004 to continu...
Penny Black's insurance week
Happy new year to everyone. It seems like it's been an eventful holiday for some. Penny was interest...