News
MMC to elect board directors
Marsh and Mclennan Group has announced today that its board of directors will be elected annually as their existing three-year terms expire.
Springett to lead Marsh's power practice
Marsh has announced the appointment of Gordon Springett as leader of its power and utility practice for Europe, Middle East and Africa.
IPC 2007 profit cools on higher loss frequency
IPC Holdings, the Bermudian catastrophe reinsurer, said that its 2007 net income fell to $385.4m from $394.5 in 2006, as the effects of the property and catastrophe premium softening and increased catastrophe loss frequency were felt.
AIG appoints new head of commercial motor
AIG UK has announced the appointment of David Gerrish as head of commercial motor, working within the liabilities division and covering the UK and Ireland.
Watson Wyatt launches a new predictive modelling system
Watson Wyatt has developed a new predictive modelling tool that it claims enables financial services companies to make their pricing structures more profitable.
Zurich Group net income jumps 22%
Zurich reported full-year net income of $5.626bn, up from $4.6bn in 2006, thanks to a benign catastrophe and claims season.
Arig 07 profit falls on Gonu hit
Arig has announced net profits of $23.7m for 2007, down from $30.4m 2006. The results included a net impact of $9.2m from Cyclone Gonu in June 2007.
IFS launches adult programme in personal finance
The IFS School of Finance has been piloting a QCA accredited adult Programme in Personal Financial Planning over the last few months and has today made it available to any adult learning centre, further education college or other institution that wishes…
Marsh boosts risks expertise
Marsh has boosted its product risk expertise in Europe, the Middle East and Africa with the appointment of two consultants to its global product risk practice.
RMS launches loss index for European windstorms
Risk Management Solutions today launched what it claims is the first parametric index for assessing insured industry losses from windstorms in Europe.
Argo reports FY net income rose to $143.8m from $106m
Argo International Group, the speciality insurer and reinsurer reported that full year net income rose to $143.8m from $106m.
Highway appoints regional account manager
Highway Insurance has appointed Sandra Inglis as regional account manager to cover Scotland, Northern Ireland and the north-east of England.
Standard Life in $6.7bn life reinsurance deal with Canadian Life International Re
Standard Life, the UK life insurer, said that it has reinsured £6.7bn of its immediate UK annuity liabilities with Canadian life reinsurer Canadian Life International Re, a subsidiary of Canadian life insurer Great-West Lifeco.
ABI reiterates flood plain warning
Tougher planning controls are needed if flood insurance is to remain widely available for new homes the Association of British Insurers said today. Of the three million new homes the Government plan to be built by 2010, a third will be on the floodplain.
Bupa to get new CEO
Bupa’s chief executive Val Gooding has announced she is to retire at the company’s annual general meeting in May. Miss Gooding has been CEO since 1998. She is to be succeeded by Ray King, who joined the group as finance director in 2001.
Whittington appoints agency operations director
Luke Barnett has been appointed agency operations director of Whittington’s Lloyd’s managing agency.
Ex-Carole Nash director joins broker to help triple business
Fish Insurance, the disability and independent living insurance specialist, has signalled its expansion plans with the recruitment of former Carole Nash marketing director, Warren Dickson.
IFS and CILA join forces to build a skilled workforce
The IFS School of Finance and the Chartered Institute of Loss Adjusters have today announced that they are collaborating on building a skilled workforce with the Leonardo da Vinci programme.
Zurich blames UK floods for 2.5% hit on loss ratio as it posts 2007 results
Zurich has reported net income of US$5.6bn (£2.8bn), an increase of 22%3. Its general insurance business saw gross written premiums and policy fees of US$35.7bn, an increase of 4% or up slightly in local currencies, and a combined ratio of 95.6%, an…
Firms merge to create self proclaimed market leader
Premier Medical, a provider of independent medical services, and Medico-Legal Reporting, a medico-legal reports provider, today announced plans to create what they claim will be the UK’s largest provider of medical opinion.
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India: recruitment firm talent warning
Globalisation within India's insurance sector has created enormous demand for talented actuarial and...
Former Polaris director moves to CII
The Chartered Insurance Institute has appointed Peter Knowles as the head of business development in...
New broker wins award
Start-up broker Prizm Solutions has been named Midlands small business of the year 2008 after only 1...