News
Zurich manager given second term
The Institute of Risk Management has confirmed Zurich's Ian McNeil as its chairman for a second year.
Novae rolls out new 24 hour system to brokers
Liability insurer, Novae Underwriting has piloted a system which issues policy documentation to brokers within 24 hours. It claims Risk Write will help brokers to prevent a common cause of Errors & Omissions claims – the lack of policy wordings and proof…
New speciality lines syndicate joins Lloyd’s
Quanta Capital Holdings is expanding its European business by establishing a new Specialty Lines Syndicate at Lloyd’s as part of its newly formed specialist insurance, reinsurance, risk assessment and risk consulting group.
Catlin hurricane hit rises to almost £40m
Catlin Group has updated its estimate of the potential financial impact of the four hurricanes that caused extensive damage in the Caribbean and USA earlier this year to $75m (£39.4m).
AM Best comments on Silverstein result
After a preliminary assessment of the impact of the recently announced verdict that the 9/11 attack on the World Trade Center was two insurable events, AM Best has said that it does not believe the decision will result in any rating changes for the nine…
Allianz Cornhill awarded CII accreditation
Allianz Cornhill’s personal lines division has been awarded the Chartered Insurance Institute’s Prior Learning Accreditation.
FSA makes plea to 4500 unregistered firms
The Financial Services Authority today named the 'hotspot' sectors of firms selling insurance who have yet to apply for authorisation and warned them to do it now or risk losing business before regulation comes into force on 14 January.
Claims director of ITIC retires
Julia Mavropoulos, claims director of International Transport Intermediaries Club, is retiring after almost 30 years in the business.
XL swoops for Markel MD
XL London Market has appointed Peter Bilsby as senior vice president of aviation.
ABI flies in outsider for GI role
The Association of British Insurers has appointed Nick Starling as director of general insurance.
CIS job cuts slammed
Amicus has expressed disappointment over the loss or transfer of another 500 jobs at the Co-operative Insurance Society.
Australia faces less intense cyclone season
The region around Australia is facing a lower than normal number of tropical cyclones in the present 2004/05 cyclone season, according to the latest prediction from Tropical Storm Risk (TSR).
Kemp promoted to deputy CEO role at HSBC Insurance Brokers
HSBC Insurance Brokers have appointed Tim Kemp as deputy chief executive of HSBC Insurance Brokers with effect from 1 January 2005.
Admiral joins FTSE 250 companies
Admiral Group has been included in the FTSE 250 index following the quarterly review of the UK Index Series.
AM Best rates Arab Re
AM Best has assigned a financial strength rating of B+ (Very Good) and an issuer credit rating (ICR) of "bbb-" to Arab Reinsurance. The outlook on both ratings is stable.
Alllianz Marine & Aviation makes pricing promise
Allianz Marine & Aviation, has promised to maintain technical underwriting discipline and build its general aviation book.
The lay of the insurance land
Post Magazine has, in conjunction with Joslin Rowe, completed a review of insurance professionals' perceptions and pay structures across the industry. Robert Charles reports on the findings
Events
20 January National Security Inspectorate - Reducing Risk Together seminar Wellington Hotel, Belfa...
Appointment at Groupama Insurances
Andrew Goldby has succeeded Jack Brownhill as director of motor underwriting. Mr Brownhill is to ret...
BIB establishes partnership with Mills Group
Darlington-based insurance broker BIB is establishing a partnership with retailer Mills Group to lau...
Appointment at Deloitte
Deloitte has made Darren Michaels a director. He joins the team of actuarial general insurance pract...
Appointment at RAC Claims Services
RAC Claims Services has made two new appointments. Steve Rigby has been promoted to head of operatio...
Insurers fear 2005 'mugging'
A leading London market insurer has predicted that most companies will hold off renewing their 2005 ...
Hiscox talks to new terror recovery firm
Hiscox and two other insurers are in talks with a start-up firm specialising in the management of te...