News
Director defects SSP as global strategy revealed
Software supplier SSP has issued a statement of intent to become a major global player, and is set t...
Cunningham flood HQ
The National Flood Forum has voiced its full support for Cunningham Lindsey's latest flood initiativ...
Allianz baulks at strip club scheme
Allianz has made a last minute decision to pull out of providing cover for a strip club insurance sc...
Tackling building dereliction
Norwich Union has welcomed the government's plans to tackle what it calls the 'deliberate derelictio...
Anti-social issues top public risk list
Zurich is attempting to encourage greater strategic thought on public sector risk management while i...
Winner takes it all
Corpore's Sarah Collison has won Young Achiever of the Year at the Rehabilitation First Awards. Ms C...
Phelan exit from Munich Re sparks top team reshuffle
Munich Re has announced that John Phelan will retire as a board member of Munich Re and as chairman and CEO of its subsidiary Munich Re America.
Fitch issues preliminary PRISM results
Fitch Ratings has issued preliminary results for the UK non-life sector from PRISM, a next-generation stochastic capital model for the insurance industry. Fitch believes PRISM will change the way insurance risks are viewed by investors and industry…
Switnon acquire Rockford Insurance Brokers
Swinton Group acquired commercial insurance broker Rockford Insurance Brokers. The deal will increase Swinton's B2B offering and will complement the work of its existing commercial arm, Swinton Business.
Swinton buys £15m premium income Rockford Insurance Brokers
Swinton Group has announced the acquisition of commercial insurance broker Rockford Insurance Brokers Limited. The group said the deal will substantially increase its business to business offering and will complement the work of its existing commercial…
Post pick of the week
Anthony Gould, editor in chief, provides a run down of the major news in this week’s issue of Post Magazine including: action needed to tackle flood housing crisis; Axa denies policy shift following major settlement; Allianz baulks at night club scheme;…
Willis Re unveils fleet accident research
Willis Re today issued new research on at-work motor vehicle accidents, which it said is a significant and common concern among carriers insuring the Workers’ Compensation class of business.
Fitch Ratings unveils Prism capital model
Fitch Ratings presented preliminary results for the UK non-life sector from PRISM, a next-generation stochastic capital model for the insurance industry.
Zurich creates new M&A unit
Zurich announced today that it has created a new Mergers & Acquisitions unit to analyze needs and offer customized solutions for customers going through a merger or acquisition.
Legal & General offering direct acces to underwriters
Legal & General is offering advisers direct access to senior underwriters for high net worth business
Priest abuse case costs insurers $227m
Twelve insurers are contributing more than $200m towards a multi-million dollar class action law suit in California compensating alleged victims of abuse at the hands of priests.
Accident Exchange revenues up 90%
Credit hire provider Accident Exchange plc has reported a 90% increase in revenue to £116.9 million and adjusted profit before tax of £18 million in its year-end results.
Beachcroft welcomes Law Commission reports
Beachcroft welcomed the proposals released today by the Law Commissions of England and Scotland in their first Consultation Paper on misrepresentation, non-disclosure and breach of warranty by the insured.
Barclays appoints new Insurance boss
Barclays has appointed Gary Duggan as managing director of UK consumer lending and insurance.
ABI: Reform of insurance contract law unnecessary
Stephen Haddrill, the ABI’s director general, commented on the publication of a Law Commission consultation paper on insurance contract law.
IPC takes up to $100m Cat hit in UK and Australia
Catastrophe reinsurance specialist IPCRe has issued a profits warning that its second quarter 2007 earnings will be negatively impacted by the storms and flooding that affected New South Wales, Australia in early June, and by the flooding in parts of…
GI compensation payments £66m for 2006/7
The Financial Services Compensation Scheme paid almost £150m in compensation during 2006/07, with £66m coming from general insurers.
Adjuster's permanent flood office endorsed by NFF
The National Flood Forum, has voiced his full support for Cunningham Lindsey's initiative to set up long term office premises in the flood stricken areas of Hull, Sheffield and West Yorkshire.
Catlin builds aviation team
Catlin has announced key appointments to its aviation underwriting team in London and Paris.