News
Aon and former managers settle out of court
Broker Aon has won an out of court victory totalling more than £250 000 against four former employees...
QBE up 28% in first half
Lloyd's giant and acquisitive Australian-based insurer QBE Insurance Group has recorded a 28% increas...
Hannover predicts profit leap for 2000
Hannover Re, the world's fifth largest reinsurer, has said it expects its net income for 2000 to be u...
IIB welcomes GISC deadline
The Institute of Insurance Brokers has welcomed the General Insurance Standards Council's decision to...
Paltry payouts confirmed for asbestosis victims
The administrators of Chester Street Insurance Holdings have confirmed that asbestosis victims will o...
Climate changes increase cats
Climate change is increasing the number of natural catastrophes and the losses they generate, accordi...
GISC sets September deadline for compulsion
The General Insurance Standards Council has finally detailed when it will implement Rule 42, the cont...
Three strikes and you are out
Zurich Financial Services is to slim down its 4700-strong Allied Dunbar sales agents by forcing them ...
Pru in largest ever transatlantic deal
The Prudential plans to acquire US insurer American General for £17.5bn ($25.6bn), creating the world...
UK insurer first into India
UK insurer Royal & Sun Alliance has become the first to sell general insurance in India through its j...
Hannover issues hybrid capital
Hannover Re has placed a subordinated loan of Euro 350m ($326m) of hybrid capital on the European cap...
GE Frankona Re invests in Underwriting Direct
GE Frankona Re, the European operations of GE Employers Re, is to pay £200 000 ($295 000) for a 25% s...
National looks to demutualise
Hertfordshire-based National Mutual is to review its mutual status and has appointed investment bank...
Chaucer looks to raise £20m as profits dive
Lloyd's underwriter Chaucer Holdings, which recorded a £3.2m loss in 2000 compared to £1.1m in 1999, ...
Storms cost £700m but fire and subsidence subdued
The insurance industry was hit by just under £700m of claims in the wake of the storms last autumn, a...
Multiple choice test for insurers
A multiple choice test on general insurance has been produced by the Chartered Insurance Institute - ...
Chaucer to buy out Brit from joint venture
Integrated Lloyd's vehicle Chaucer is to buy the stake held by (re)insurer Brit Insurance Holdings in...
Hannover Re shrugs off poor Clarendon result
Hannover Re says that a large drop in profit at its Clarendon Insurance subsidiary in 2000 would have...
Prostitutes refused: ING accused.
An organisation representing Dutch prostitutes has reported the financial services giant ING to the ...
CBI warns over Bill.
The Confederation of British Industry warned the US this week there would be "serious repercussions"...
Vets the way to do it.
South Essex Insurance Brokers has made 24-hour help available to police, enabling them to reduce del...
Union of unions.
The Manufacturing Science and Finance union is set to merge with the AEEU. The final phase of the pr...
Repairers forced into fraud.
Insurers have been accused of breaching the Competition Act in an open letter sent to top UK motor i...
EDI and XML - mix for success.
Electronic data interchange has been slated over new, "flexible" technologies such as XML, but over ...