News
Munich Re releases risk model details
Munich Re has publishes detailed information on its internal risk model, showing that the Group's available financial resources rose by €1.9bn to €22.6bn in the business year 2004.
Large brokers could lose market share, claims report
The largest insurance brokerages are likely to lose investment value and market share to middle-market firms in the near future, according to a new study by Cochran, Caronia & Co.
New team at Singer & Friedlander
Singer & Friedlander Insurance Finance (SFIF) has announced a new team for its Dorking operation.
Esure sets up new protocol agreement
A protocol agreement has been set up between personal injury specialists Scott Rees & Co and internet insurer esure to speed up claims and reduce administration costs.
CMGL to manage St Paul Travelers continental run-off
Claims Management Group (CMGL) has been appointed as the single run-off provider for St Paul Travelers throughout continental Europe.
Kwik-fit sold off for £800m
CVC has announced it will sell Kwik-Fit to Speedy 1 Limited, a company controlled by PAI partners, for £800 million. The basis and terms of the proposedtransaction have been agreed subject to certain regulatory and other approvals.
Highway boss resigns
Highway Insurance this morning announced that Andrew Gibson, chief executive officer, has resigned wi...
Folgate announces passing away of regional md
The Folgate Partnership has announced with regret the sudden death of John Marshgreen, regional managing director, who passed away on 19 June.
Bruce Stevenson acquires Glasgow broker
Edinburgh-based Bruce Stevenson, one of Scotland’s largest insurance brokers, has made its seventh acquisition in as many years by taking over Glasgow insurance broker Downes Cameron.
Heath Lambert opens Malta captives operation
Heath Lambert has announced the launch of a new captives operation in Malta.
Halifax announces new pet insurance provider
Halifax General Insurance (GI) has announced that Thornside, part of BDML Connect Limited, is to become its new provider for pet insurance.
Cox: offer update
The Cox acquisition vehicle Fieldstreet today announced that by 9.00 am on 24 June 2005, it had received valid acceptances of 90.44% of the motor insurance specilaist’s shares. The offer will remain open until further notice.
NU wins out with major affinity deal
Norwich Union has signed a new 3 year contract to be the sole supplier of payment protection insurance to Littlewoods’ retail catalogue customers.
Saga in major travel insurance push
Saga has launched annual travel insurance to cater for the increasing number of over-50s in the UK who frequently travel abroad.
McLarens in new UK-based joint venture
Loss adjusters McLarens Young International and QuestGates have set up a joint venture company, MYI QuestGates Limited, which has its head office in London.
AA outsourcing decision
The AA, Britainís biggest home and car insurance broker, is to invest in new IT and telephony systems for its two UK insurance call centres, after ruling out offshoring parts of the business.
OFT report - ABI calls for action on legal costs
The Association of British Insurers has welcomed the Office of Fair Trading's recognition of the insurance industry's efforts in its reveiw into the competitiveness of the liability insurance market but called for moves to reduce the level of legal and…
Connecticut AG confirms finite risk subpoenas
Connecticut’s State Attorney General Richard Blumenthal has said he has issued subpoenas to 18 companies in recent months in a widening investigation into whether a type of insurance was used to manipulate earnings.
Spain's Mapfre acquires Bristol-based intermediary
Spanish firm Mapfre Asistencia has acquired Abraxas, the Bristol-based insurance intermediary in the motor sector for £10.5m, reports Anthony Gould.
OFT liability report fudges ATE
The volunteering and equestrian sectors have been identified as two areas in need of further investigation with regards to the availability of liability insurance, reports Jonathan Swift. This is one of the points identified by the Office of Fair Trading…
AIG names comptroller
American International Group (AIG) has named David Herzog as comptroller and Robert Gender as treasurer.
Swiss Re predicts GI slow down
The insurance industry continued to expand and regain financial strength during 2004, according to Swiss Re’s latest sigma study.
Path to success: Regional management
Ross Dingwall, regional manager of Hiscox's new Colchester office, reflects on his career to date
CII graduates on the increase
The number of candidates graduating in the Chartered Insurance Institute's Diploma and Advanced Dipl...