News
AM Best confirms Singapore Re ratings
AM Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” (ICR) of Singapore Reinsurance. The outlook on both ratings is stable.
Ace offloads troublesome run-off unit
Ace has announced the sale of its Brandywine run-off unit to Randall & Quilter Investment Holdings - a move which drastically reduces its US asbestos exposures. However, Ace USA's president and CEO Susan Rivera has resigned, to be succeeded by Brian E…
HSA strengthens PMI position through acquisition
HSA, health cash plans provider, has strengthened its position in the UK healthcare insurance market by joining of forces with Bristol-based private medical insurer mutual BCWA.
Hanratty joins PartnerRe board
PartnerRe has announced that Judith Hanratty, OBE, has been appointed to its Board of Directors.
Axa boss to lead AA Insurance
AA Insurance Services has appointed Axa marketing and underwriting director Kevin Sinclair as director.
New MD for Aegis at Lloyd's
Aegis Managing Agency Limited, the Lloyd’s managing agency for AEGIS Energy Syndicate 1225, has appointed Stuart Davies as managing director.
AM Best withdraws Corifrance rating
AM Best has withdrawn the financial strength rating of B++ (Very Good) of Corifrance (Compagnie de Reassurance d’Ile de France).
Highway reveals takeover bids
Highway Insurance has confirmed it received a number of takeover offers at the end of 2004, prompting further bid speculation after more than seven million of its shares were traded yesterday.
Equitas non-exec takes role at Atrium
Atrium Underwriting has appointed James Joll as a non-executive director with effect from 1 January 2005.
Allianz Cornhill’s Indian operations safe after tsunami
Allianz Cornhill has confirmed that all of its employees at ACIS based in Trivandrum, Southern India, are safe and well after the tsunami which hit the region last week causing wide spread death and destruction.
Italian P&C market looking stable, says Moody’s
The overall stable outlook for the Italian property and casualty (P&C) insurance industry reflects the continued upturn for most of the rated entities based on the improved quality of underwriting results, according to Moody's Investors Service’s new…
Wilton Re set up
Wilton Re US Holdings has announced that its Bermuda-based parent company, Wilton Re Holdings, has raised more than $600m in capital commitments through a private placement of its common stock.
Asian tsunami; Swiss Re estimates
Swiss Re has announced that it expects its claims from the tsunami that hit Asia on 26 December 2004 to be below CHF100m (£46m). The devastation caused in the aftermath of the natural disaster has already seen an estimated 150 000 lives lost, with this…
Smart and Cook expands north of the border
National insurance broker Smart and Cook has continued its expansion into the Scottish market with the opening of a brand new branch office in Edinburgh.
ABI announces details of 2005 conference
The second Association of British Insurers' (ABI) insurance industry conference, entitled Building a Stronger Future - Creating Security in a Risky World, will take place on March 9th 2005, at the QE II Conference Centre in Westminster.
Moorhouse sets up marketing department to service Indian call centre
Welsh broker, the Moorhouse Group has set up a new marketing department to service new business generated by its recently established Indian call centre.
IUA members estimate $5-$10bn of insured losses from Asian disaster
The International Underwriting Association has issued a statement in response to the Asian Tsunami disaster, offering its condolences to relatives of the victims.
Travel insurer says 5000 policyholders in Tsunami region
Axa Insurance, which provides travel insurance to customers of travel operators TUI and Thomas Cook, has issued a statement in relation to the Tsunami disaster in Asia.
Esure gains CII nod of approval
Esure's claims academy has been awarded the Chartered Insurance Institute's prior learning accredita...
Winners and losers: Post Magazine's monthly round-up of job cuts and gains
LOSERS Credit Insurer Atradius reveals plans to axe 110 (20%) of its UK staff over the next two yea...
Overcoming prejudice against non-graduates
Careers Clinic
Winners and losers: Post Magazine's monthly round-up of job cuts and gains
LOSERS Credit Insurer Atradius reveals plans to axe 110 (20%) of its UK staff over the next two yea...
Esure gains CII nod of approval
Esure's claims academy has been awarded the Chartered Insurance Institute's prior learning accredita...
Government proposes to tackle age discrimination
New proposals to crack down on age discrimination in the workplace have been unveiled by Trade and I...