News
Norwich Union prints monster freight guide for brokers
Norwich Union has claimed it is helping brokers make the most of the freight market with two new comprehensive guides and a new hauliers’ liability policy. Entitled “Lightening the Burden”, the 46-page broker guide contains detailed information about the…
Allianz extends small broker support service
Allianz Cornhill is extending its telephone-based small broker support service to brokers in the South West and Midlands. The move follows a pilot and launch in the South East which has produced an 81% increase in new business.
ABI and CAB reiterate injury reform needs
The Association of British Insurers and Citizens Advice have called for the Government’s Compensation Bill to mark the start of much wider reform of the UK’s personal injury compensation system.
Equity makes acquisition
Equity has announced the successful acquisition of Tudor Wight Insurance Consultants. The business will continue to trade from its present premises in Freshwater, Isle of Wight and will be rebranded Equity Insurance Brokers.
Amlin announces record profits for 2005
Amlin has announced that despite the appalling Atlantic hurricane season in 2005, it made record profits.
FSA updates PI advice
The Financial Services Authority (FSA) has published an updated version of its factsheet on buying professional indemnity insurance, to assist brokers.
Guild highlights underinsurance issue
Jewellery valuation specialists the Guild of Valuers & Jewellers have launched a new consumer-facing web site aimed at promoting jewellery valuations and tackling the problems of underinsurance.
Catlin appoints new boss
Catlin Group has appointed Richard Banas as president and chief executive officer of Catlin Inc, the Group’s US subsidiary. Mr Banas will be responsible for the operations of Catlin Insurance Company Inc, which upon regulatory approval will become the…
Marsh launches new major loss arm headed by ex CILA president
Marsh has launched a new Major Loss Practice, which aims to provide an immediate global response for clients that have suffered a large financial or physical loss.
Consolidator acquires
The Towergate Partnership has announced the acquisition of G R Patrick & Company based in New Malden, Surrey. GRP controls £16m in gross written premium, Towergate said, underwriting schemes for care and nursing homes, and pubs and restaurants.
Room appoints Tyler as head of Financial Business
Room Solutions, provider of IT solutions to the general insurance industry, has appointed Richard Tyler as the new head of its Financial Business Unit.
S&P says outlook is rosy for UK general insurance
Standard & Poor's Ratings Services is maintaining its stable outlook on the general insurance market in the United Kingdom (AAA/Stable/A-1+). The agency said it expects the majority of its interactive insurer financial strength ratings on domestic…
Arig chooses new CEO
Middle Eastern reinsurer Arig has announced that Udo Krueger is to step down as CEO on completion of his six-year fixed-term contract at the end of June 2006. Yassir Albaharna, currently general manager - reinsurance, will become Arig’s new chief…
Heath Lambert appoints board member
Heath Lambert has appointed Nigel Thomas group finance director with immediate effect.
Catlin battered but unbowed by 2005
Bermudian (re)insurer Catlin has announced that profits from 2005 were sharply down on the back of substantial losses from the Atlantic hurricane season that carved a trail of devastation through the area.
Benfield predicts 10%+ growth for 2006
Benfield has announced a profit of £34.8m over 2005, up 12% on the £31m it made the previous year and confirmed expectations of revenue growth above 10% in its core reinsurance intermediary business in 2006.
RSA reports significant profit hike
Royal and Sun Alliance this morning reported net written premiums of £5.4bn for the year ending 31 December 2005(2004: £5.1bn). Its combined operting ratio for ongoing business was 93.8% (2004: 93.8%) and profit before tax rose to £865m (2004: £38m)…
Intermediary research shows young are not attracted to jobs
Following a study by industry analyst Plimsoll Publishing (PM, 2 March, p4), research from Norwich U...
New warning over offshoring
Private sector union Amicus has warned that the crisis in the Indian labour market will be distorted...
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FSSC launches skills programme
The Financial Services Skills Council has launched 'Skills Bill', an 18-month UK wide programme of w...
Admiral will sail into Spain with new name
Admiral will not follow Direct Line and copy its UK brand in Spain, claiming the name would not be l...
Appointment at Singer and Friedlander
Singer and Friedlander has made three promotions. Neil Jenkinson has been promoted from head of sale...
Appointment at Amlin
Amlin Bermuda, Amlin's wholly owned reinsurance business, has appointed Stuart MacKellar as managing...