News
RPI measure looks set to face legal challenge
The use of the retail price index as the index for future salary and care costs is likely to be chal...
Appointment at Carmichaels
Loss adjuster Carmichaels has made Jason Dixon manager of its Cambridge office. He is a subsidence a...
CMGL beats four to major contract
Claims Management Group has reiterated its intention to win further outsourced claims business from ...
Quotes of the day
"The move to periodical payments is a step into the unknown." Guest chair Neil Preston, partner, Be...
AM Best affirms Ace Australia rating
AM Best has affirmed the financial strength rating of Ace Australia (ACEAU) at A (excellent) with a stable outlook.
AIG to pay out millions to settle with SEC and DOJ
AIG has announced the details of the settlement it has come to with the SEC and the Department of Justice (DOJ) regarding issues arising from structured transactions with Brightpoint and The PNC Financial Services Group, Inc. (PNC).
Questgates expands motor team with Brownsword three
QuestGates is expanding its motor services offering, with the launch of a new motor initiative, following the recruitment of three key personnel from Brownsword.
MBIA gives more detail on subpoenas
MBIA, the New York State based financial guarantor and provider of specialised financial services, has clarifed details of the identical subpoenas it has received from the Securities and Exchange Commission and the New York Attorney General's office…
Capita wins outsourcing award
The Capita Group has been named Best BPO Outsourcing Services Provider at the inaugural National Outsourcing Association Awards 2004.
ERC carries out Marsh-related review
Employers Reinsurance Corporation (ERC) has announced the interim results of an internal investigation into bidding practices in the insurance industry held following the news that New York Attorney General Eliot Spitzer is investigating brokers Marsh.
Moody’s still looking at MMC ratings
Moody's Investors Service announced today that it is continuing its review for possible downgrade of the long-term (senior unsecured at Baa2) and short-term (commercial paper at Prime-2) credit ratings of Marsh & McLennan (MMC).
Combined Insurance hires market research exec
Aon's accident and health insurance subsidiary Combined Insurance, has recruited Tim Thirlway into the role of senior market research executive.
Commons backs ABI uninsured driving campaign
Parliament has welcomed the Association of British Insurers’ initiative to highlight the problem of uninsured drivers.
Amlin debt issue rated stable
Moody's Investors Service has assigned a Baa3, stable outlook, subordinated debt rating to Amlin's $50m (£27m) subordinated bonds due 2019. The net proceeds of the issue of the bonds will be used by Amlin to partially refinance existing letters of credit…
Uninsured scourge of society says BIBA
The British Insurance Brokers' Association said it is delighted that the Road Safety Bill intends to allow the police to more effectively use motor insurance data and number plate recognition to identify uninsured drivers.
ABI back tough government action against dangerous drivers
The Association of British Insurers has backed the government over its proposals against dangerous drivers.
New Aon report looks at P&I renewal
The 2005 Protection and Indemnity (P&I) renewal for ship owners is likely to see general rate rises of up to 12.5% in insurance premiums, according to Aon’s new 2004/2005 P&I handbook.
Swiss Re publishes 2004 hurricane report
With an unusually high number of hurricanes and typhoon events occurring in 2004, Swiss Re has published a report on how it used event-based risk analysis to successfully withstand the challenge.
Moody’s reviews UnumProvident ratings
Moody's Investors Service has placed the credit ratings of UnumProvident Corporation (senior debt at Ba1) and the insurance financial strength ratings (Baa1) of UNUM Life Insurance Company of America and the company's other operating life insurance…
AIG aims for settlement with SEC
AIG has announced it has submitted an offer of settlement to the SEC and reached agreement in principle with the U.S. Department of Justice, with respect to “issues arising from certain structured transactions with The PNC Financial Services Group,…
Northern office opening for rehab provider
Rehab provider Kynixa, opened a centre in Leeds this month. The office will provide coverage in the North of England and enable support for its customers in the region.
Aegis energy hires three from Ace
Aegis Energy Syndicate 1225 has added a specialist team of three underwriters from Ace Global Markets.
Breuer succeeds Royer on CEA accident committee
Uwe Breuer, director of R+V Allgemeine Versicherung (Germany), has been appointed as the new chairman of the Comité Européen des Assurances Accident Insurance Committee.
CDL eats into Misys market share says report
Software supplier CDL claims it is handling as many EDI transactions as rival Misys, after a survey revealed a 48% increase in volume by CDL brokers.