News
Motor insurers will remain profitable until 2007, claims report
UK motor insurers were able to sustain profit for a second year in 2002 after four years of loss making, according to motor insurance industry analysis by professional services firm Deloitte.
Cooper Gay posts 10% rise in profits
Lloyd's broker the Cooper Gay Group, has announced its consolidated results for the year ended 30 September 2003
Folgate launch underwriting facility
Folgate is to launch an underwriting facility, Folgate Underwriting Management Specialty Ltd, on January 1. The business will manage personal and commercial lines underwriting capacity on behalf of Lloyd's underwriting agency Wellington. FUMSL will…
CII welcomes government training review
The CII has welcomed the Treasury and Inland Revenue discussion paper — Delivering an Incentive for Membership Bodies to Provide Work Force Development — which was announced in the chancellor's pre-budget statement this week.
Scott joins CEA council
Philip Scott has been appointed one of the three vice presidents of the Comité Européen des Assurances' presidential council.
Lloyd's facing exposure to costliest wildfire in history
Lloyd's is expecting gross claims up to £200m from October's wildfires, which destroyed properties in Southern California.
Broker in liquidation after FSA discovers 40 000 bogus policies
PriceWaterhouse Coopers has been brought in as provisional liquidators for Edinburgh-based broker Tribune Risk and Insurance Services, after it was discovered thousands of household policies had been sold without insurance cover.
Staff turnover hits a low
Staff turnover has hit its lowest level for four years, according to new research from the Chartered...
JLT set to train NHS workers
Jardine Lloyd Thompson Risk Consultancy has been appointed by Bexley Care Trust to put its staff thr...
Time to test yourself: A selection of questions from various past CII qualification papers
Studying for CII exams, or just want to test yourself? See how you do with this selection of questio...
TUC slams UK recognition
The Trades Union Congress this week slammed UK union recognition law as "arbitrary, discriminatory, ...
Allianz becomes Asda's second major GI partner
Superstore giant Asda has signed a major affinity deal with a second UK general insurer, Allianz Cornhill, to launch pet insurance in 40 stores across the UK.
BNL's Moscrops signs to Sirius
Sirius has announced that Broker Network member Moscrop Robinson & Chadwick is to upgrade its system to Sirius for Broking.
Benfield remains optimisitic despite weak US dollar
Broking giant Benfield today announced that reported revenues for the group in 2003, on a constant currency basis, are expected to achieve the rate of growth anticipated at the time of the recent Initial Public Offering.
Buffett to cut Lloyd's involvement
Warren Buffett is to cut his investment in Lloyd's next year via his investment vehicle Berkshire Hathaway according to the Telegraph.
Xchanging management changes
Xchanging has created a new London market executive to improve its customer focus.
Amlin welcomes Best rating
Lloyd's insurer Amlin today welcomed A.M. Best's decision to assign a financial strength rating of A (excellent) to syndicate 2001.
Munich Re puts $10bn price tag on summer heatwave
A UN conference on climate change has been warned about the growing impact of global warming on mankind.
Female only intermediary benefits from Budget disposal
Specialist niche insurance intermediary Fresh, has acquired the female motor insurance brand, Tulip, from Budget. The move follows Budget's decision to concentrate on its "core brands".
Axa's Indian call centre begins new UK pilot
Axa has begun taking inbound calls from UK customers at its Indian call centres for the first time t...
Adjuster buys to enter Ireland
Loss adjuster Davies has begun its push into Southern Ireland, with the acquisition of Limerick-base...
DRL plays down loss of RSA contract
Fire and flood specialist Disaster Restoration Limited moved to quell market speculation this week t...
Appointment at Towry Law
Jimmy Grigoriou joins Towry Law Insurance Brokers as a dedicated corporate new business producer wor...
Detica warns that UK insurers are lagging behind banks
IT consultancy Detica has warned that UK insurers are lagging behind banks by 10 years when it comes...