News
Hardy shares dive on 2004 profit
Lloyd's insurer Hardy Underwriting saw its shares dive 20 pence following the posting of a pre-tax profit of just £8m for 2004.
Wellington profits drop 44%
Welllington Underwriting has recorded a fall in profit before tax in 2004 to £78.1m — including the return on its investment in Aspen — compared to £116.7m in 2003.
Axa warning on under-insurance
New research from Axa reveals that the majority of commercial insurance brokers believe that their small and medium sized businesses clients are under-insured.
Moody’s confirms MMC ratings
Moody's Investors Service announced today that it has confirmed the senior debt rating of Marsh & McLennan Companies at Baa2 (Adequate). The outlook for the ratings is negative.
Thomas, Carroll scoops Sunday Times SME award
An insurance broker in which all employees own a share, enjoy free fruit and workplace nutritional mentoring and even Indian head massages, has been named one of the UK's top 100 employers.
Jackson takes board role at CBG
Stephen Jackson has been appointed an Executive Director on the board of Community Broking Group with immediate effect.
FSA begins regulation costs study
The Financial Services Authority has announced further details of the project being undertaken – in partnership with the Financial Services Practitioner Panel (the Panel) - into the costs of regulation.
EU decision: insurers must pay VAT on outsourced services
The European Court of Justice has decided that outsourced services provided to insurance companies, such as claims handling, should not be exempt from value added tax. The ruling relates to back-office services provided by outside contractor Accenture to…
RIMS backs TRIA extension
The Risk & Insurance Management Society (RIMS) has affirmed its support for legislation extending the Terrorism Risk Insurance Act (TRIA) for an additional two years and has encouraged the US Congress to approve the legislation as soon as possible.
JLT subsidiaries obtain capacity for US sectors
JLT Risk Solutions and Jardine Lloyd Thompson, part of Jardine Lloyd Thompson Group have announced that insurance capacity has been secured within the Lloyd’s of London market to provide new insurance protection for two of the most heavily regulated US…
Bosses: lies are fine but don't lie to us
A new survey has found that while the vast majority of company directors and senior managers believe...
L&G managers win CMI award
Two managers at Legal and General have become the first in the insurance industry to achieve charter...
Know Your Agency: This month - MW Appointments
Understanding the services and specialisms of recruitment consultants is important. Operations director Robin Stafford gives the lowdown on MW Appointments
CNA outlines 2005 branch plan
CNA Europe is set to continue the trend of UK-based insurers opening new branch offices. Last month...
Events
3 March National Security Inspectorate - Reducing Risk Together seminar Leeds United Football Club...
Appointment at VBRA
The Board of Management of the Vehicle Builders and Repairers Association has made Malcolm Tagg dire...
Chaucer Insurance improves its forecasts
Chaucer Insurance has improved its forecasts for the 2003 year of account and announced a profit of ...
Heath Lambert Group announces retirement of executive chairman
Heath Lambert Group has announced the retirement of Ian Martin, executive chairman. Managing directo...
Zurich secures extension of deal with Bradford and Bingley
Zurich's personal insurance business has secured a three-year extension of its long-standing deal wi...
Two-pronged claims clean-up
The introduction of statutory regulation (see p1) has coincided with the government's launch of two ...
Lloyd's 'outdated' practices come under fire from broker
Lloyd's practices have come under fire from the chief executive of broker Stuart Alexander who backe...
QBE acquires Greenhill Underwriting Group
QBE has acquired Greenhill Underwriting Group, a UK-based underwriting agency with offices in Paris,...
Riding high
An insurance scheme to protect jockeys from the dangers of horse racing is in crisis. The diminishin...
Heath Lambert Group appoints director of claims management
Heath Lambert Group has appointed Tim Murphy as a director of claims management services. Mr Murphy ...