News
S&P downgrades IPCRe to A-
Ratings agency Standard & Poor's has downgraded its financial strength ratings on Bermudian property catastrophe reinsurer, IPCRe to A- from A, blaming the firm’s lack of diversification.
Converium triples income
Converium has revealed its income tripled to $150m in the first quarter of the year compared to the same period in 2006.
Industry is failing to provide adequate terrorism cover says research
Nearly 80% of travel insurance providers do not provide terrorism cover for medical costs as standard, according to a survey by the British Insurance Brokers’ Association.
Blanc, Sinclair and Lark join up to boost broker expansion
The Faculty of Insurance Broking has appointed four new members to its advisory board in an effort to help it to continue to expand its reach within the market.
Iprism hires two product development managers
Iprism underwriting agency has appointed two new product development managers.
Industry warned over severe skills shortages
Action is needed to close a growing skills gap in the insurance and financial services sector or the UK faces the prospect of reduced international competitiveness, the Chartered Insurance Institute has warned.
Towergate reports 51% growth in earnings
Broking consolidator Towergate has reported a 51% growth in earnings from £62.7m in 2005 to £94.4m.
Solicitors' donation helps spinal unit
A donation from specialist motor insurance claims law firm Fletchers Solicitors has enabled Southport & Ormskirk Hospital NHS Trust’s Regional Spinal Injuries Centre to purchase vital rehabilitation equipment. The donation will aid in the rehabilitation…
RFIB in private equity buyout
Lloyd's broker RFIB Group has announced a buyout funded by Fleming Family and Partners private equity.
Canopius reports increased profits and boardroom reshuffle
Canopius Group has announced record results for the year ended 31st December 2006 with profits rising to almost £20m. In addition, the board will soon witness a reshuffle, with Michael Watson relinquishing his role as head of the group's managing agency…
CII green light for board revamp
The Chartered Insurance Institute has been given the green light to overhaul its structure to modern...
Training for retaining
While a good pay package is still desirable for managers, career development is king, as Jo Causon writes
Broker eyes top advisers
A Yorkshire-based insurance broker is expanding its operations with the launch of an online recruitm...
Crawford MA programme for future stars
Loss adjuster Crawford and Company has launched a Masters programme in the UK in partnership with An...
Employees increasingly know their worth
Eight in ten employees are happy in their job, according to a new survey. Peninsula Business Wise h...
Pick of the Week
Anthony Gould, editor in chief of Post Magazine runs through this week’s major general insurance news...
Converium tug of war takes new turn
The battle for control of reinsurer Converium took a number of twists this week, resulting in the pr...
Argenta lines up new CEO
Lloyd's managing agent Argenta has announced Andrew Bathurst will be joining as chief executive offi...
Appointment at Barlow Lyde and Gilbert
Barlow Lyde and Gilbert has announced that seven of its associates have been invited to become partn...
ABC confirms broker market launch and rebrand
ABC Insurance, headed by former NIG chief, Phil Bunker, has confirmed its plans to launch into the b...
Beazley shares on the up
Shares in Lloyd's insurer Beazley Group rose marginally earlier this week on the news that it had in...
DAS opens office in NI
Legal expenses insurer DAS has opened a dedicated Northern Ireland office to distribute its motor, c...
Exchange Chambers sets up specialist mediation group
Barrister Exchange Chambers is to launch a dedicated mediation group after 27 of its members success...
Noble joins Crawford
Crawford and Company UK has appointed Vic Noble as national customer service manager for its UK prop...