News
Britannic merger as 250 jobs go.
Britannic Assurance is to shed 250 jobs, after announcing plans to merge Alba Life's life and pensio...
Lloyd's: short-term dip.
Lloyd's was yesterday set to announce its capacity levels for 2002, with sources close to the market...
Repeat performance.
In the second of our articles focusing on senior staff, who go back to the floor and work alongside their grass-roots staff, Jane Bernstein speaks to Jacci Taylor of Groupama, who enjoyed the experience so much she plans to repeat it.
IPC Re gets $547m
IPC Holdings of Bermuda has raised $547m of capital for its reinsurance subsidiary IPC Re through pub...
Rising rates lead to doubling profits, says Korean Re
Korean Re, Asia's largest reinsurer, today said that it expected to report a net profit exceeding Won...
Market livelier in 2000, says Swiss Re
A booming life insurance market, partly a result of the shift from public to private pension provisio...
Arig absorbs Arig Re
Arab Insurance Group (Arig) is transferring its subsidiary Arig Re into the parent company to give it...
Converium IPO complete
Zurich Financial Services (ZFS) has completed its initial public offering of 35 million shares in Con...
Rubicon in Link with Kiln
Rubicon, the insurance services provider is set to complete the acquisition of Link Insurance from Ki...
PXRe boosts capital by $150m
PXRe of Bermuda has secured $150m of new capital, boosting its capital to over $500m. Capital Z Fin...
Swiss Re completes Lincoln Re takeover
Swiss Re has completed its previously announced purchase of Lincoln National's reinsurance business, ...
Aioi expects reinsurance loss of up to ¥97.9bn
Japan's Aioi Insurance expected to make a reinsurance loss of up to ¥97.9bn ($796m) in the current ye...
Spoilt for choice?
This year, there has been a host of loss adjuster panel reviews by insurers. Jonathan Swift reports on the different reasons behind insurers' decisions to peg their hopes on particular firms and how they plan to manage these relationships, while others…
Don't delay if you get a stay.
Claimant solicitors must be wary of delaying proceedings - even where liability is conceded, the Cou...
Support roles review.
Support and consultancy roles are likely to come under scrutiny in the coming months, as insurers lo...
Norton Rose sued.
City law firm Norton Rose is being sued for more than £1m by the New Millennium Experience Company o...
Call to empower loss adjusters.
Loss adjusters must be empowered to use their own judgement and not stick to a script read from a co...
Down on paper.
Recent updates to legislation mean paper files are now covered by the Data Protection Act. This, along with other legal changes that are stacking up against the commercial sector, will force brokers and insurers to tread very carefully, warns Simon…
Appointment at AKA.
Travel and personal accident insurance specialist Anthony Kidd Agencies has recruited Mike Greenland...
Rate motion out.
The House of Lords last week defeated an opposition motion to reduce the discount rate set earlier t...
Kiln: full capacity.
Lloyd's insurer Kiln has achieved its target of securing £500m of capacity under management for the ...
Zurich cuts IT staff in restructure.
Zurich this week confirmed that 19 IT staff have been cut as part of the company's ongoing restructu...
Environment Agency launches flood risk site.
The threat of rising rivers and rainfall is being addressed through an awareness campaign by the gov...
Insurers attack NHS fund plans.
Insurers have added to the controversy surrounding the future funding of the National Health Service ...