News
Carrriers exposed to risk by accounting and reporting systems
Carriers are exposed to risk by creaky accounting and reporting systems, according to an IT expert.
Market endorses reform
The Market Reform Group has confirmed the end of March 2008 as the deadline for the adoption of the new endorsement standard in the London market, alongside detailed plans for the transition to electronic endorsements.
FSA seeks industry assessment of its performance
The Financial Services Practitioner Panel is to embark on its 2008 survey of regulated firms to obtain an industry assessment of the performance of the Financial Services Authority (FSA) over the past two years.
US property and casualty insurance prices down 14% - report
US Property and casualty insurance prices were down 14% in February, according to research from MarketScout.
Groupama appoints three new key account managers
Groupama has strengthened its frontline account management team with the appointment of three new key account managers.
Lloyd's insurer to delist from LSE
Kiln has set a date to delist from the London Stock Exchange following its acquisition by Tokio Marine.
PB Week: Private equity piles into broking
The amounts being spent and raised by insurers and brokers on acquisitions hit mind boggling proportions this week after Chris Giles, chief executive of Giles Insurance Brokers, revealed he has been given access to around £500m to grow his business…
Insurer expands North-west division
Arista Insurance, the commercial lines underwriting operation, has made three new appointments to its North-west region which opened in Manchester in January this year under the supervision of regional manager Paul Dooley.
Lloyds TSB launch insurance comparison website
Lloyds TBS becomes the first high street bank to launch an insurance aggregator site.
Insurance prices to drop by 10% by end of 2008 – Stephen Catlin
Insurance prices will drop by 10% by the end of 2008 if it is still another light catastrophe year, Stephen Catlin has said.
Alea says paid 20% of its liabilities over 2007
Alea, the (re)insurer in run-off, said it paid off 20% of its liabilities over the course of 2007, the group said in a statement today.
Insured losses for Windstorm Emma €750-1.3bn - AIR
Insured onshore wind losses for Windstorm Emma will be between €750m - €1.3 bn, catastrophe risk modeling group AIR Worldwide Corporation estimates.
Brit appoints cargo underwriter
Brit has appointed Andrew Coutts as cargo underwriter with immediate effect. He will report to marine underwriting director, Anthony Forsyth, and replaces Tony Sigwart, who is retiring in May after 40 years in the market.
Kwik-Fit awarded quality accreditation
Kwik-Fit has been awarded a new accreditation for its range of services supplied through its headquarters and 670 UK centres and mobile units.
MMA commercial property goes live on Acturis
Intermediary only insurer, MMA Insurance, has announced the addition of its commercial property owners product to the Acturis broker platform, as part of its ongoing strategy to grow its property owners’ portfolio.
Groupama Healthcare enhances web presence
In the first of a number of important online initiatives designed to improve access to information and streamline business processes, Groupama Healthcare has revamped and re-launched its corporate website.
MMA commercial property owners goes live on Acturis
Intermediary only insurer, MMA Insurance (MMA), has added its Commercial Property Owners product to the Acturis broker platform, as part of their ongoing strategy to grow their Property Owners’ portfolio.
Catlin reports record $462m net income
Catlin reported an 8% increase in net income to $462m.
CII endorses insurer's excellence programme
Royal and Sun Alliance's underwriting excellence programme has been formally accredited by the Chart...
Time to Test Yourself
A selection of questions from various past-CII qualification papers
Allianz hires graduate boss
Allianz Insurance has appointed Abby Cox as its new graduate manager. Based at the company's office...
UK workplaces recognise value in retaining older employees
It costs up to £8200 to replace each employee forced to retire at 65, according to the Chartered Ins...
Pick of the Week
Post supplements editor Stephanie Denton and editor Jonathan Swift provides a run down of the major n...
RBSI chief not worried by NIG channel conflict
Royal Bank of Scotland Insurance chief executive Chris Sullivan has dismissed suggestions the busine...