News
Appointment at Groupama
Groupama Healthcare has made three new appointments to its management team. Malcolm Simpson has been...
QBE announces profit of £125m
Australian insurance group QBE has announced an operating profit after tax of A$320m (£125m) for the half year to 30 June 2004, up 33% on the same period last year.
XL reveals hurricane Charley losses
Bermudan insurer XL Capital expects to receive net claims of approximately $125m (£68.4m) as a result of Hurricane Charley, which struck the United States on August 13th.
Simister joins Marsh
Marsh has strengthened its regional risk consulting team with the appointment of Terry Simister as business risk consultant.
McIntosh succeeds Beveridge at JHC
Peter McIntosh, hull underwriter for Wellington Syndicate 2020 at Lloyd's, has been elected chairman of the Joint Hull Committee in London. He succeeds William Beveridge, who has recently resigned the post. Mr Beveridge will remain an active member of…
NIG includes commingling in new TOBA
NIG has issued its new Terms of Business Agreement (TOBA) to brokers which will accept co-mingling of funds.
Floods prompt sharp rise in claims
Severe storms across the country over the last seven days have prompted a 400% rise in insurance claims, says Churchill.
Tesco outlines pet success
Tesco Personal Finance today announced that it has reached a quarter of a million, in-force, pet insurance policies in just over five years.
Change school practices or risk increased claims says Zurich
Stress levels in schools and colleges are escalating at an alarming rate, according to figures from Zurich Municipal.
Hiscox capacity to reduce 14%
Hiscox has announced reduced account capacity on syndicate 33 for the 2005 year of account, predicting £725m in 2005 as opposed to £847m this year.
ACE Europe launches new web tool
ACE Europe has launched a web based tool to enable oil and gas companies to gather more accurate and timely risk data for offshore employees.
Heath wins US corporate aviation client
Heath Lambert Aerospace has been appointed broker to private aviation firm Million Air.
Aascent merges sales and ops function
Commercial premium finance provider Aascent has promoted Ed Ferrell, one of the company’s founding partners, to the newly-created role of director of sales and operations.
Amlin in ownership boost
Lloyd’s insurer Amlin says it continues to achieve strong growth in its premium income thanks to a 100% ownership of Syndicate 2001, from 86% in 2003.
Biba and CNA add terrorism cover to travel product
CNA Insurance Company (CNA) and the British Insurance Brokers’ Association (Biba) have enhanced their flagship travel product, Biba Protect - available exclusively to members of Biba - to provide protection to insureds under the medical expenses section…
New ops director at Regency Warranties
Ian Lloyd has been appointed as director of operations for Regency Warranties.
Fitch looks at Hurricane Charley damage
Fitch Ratings has said that it expects that Hurricane Charley will represent a material loss to the insurance industry.
Insurance industry contributes 37% to UK funds
The insurance industry contributed 37% to the total UK funds in 2003, according to a new IFSL report.
Plexus Law achieves management standard
Plexus Law, and its sister practice Badhams Law, have both been awarded Lexcel, the Law Society’s practice management standard.
Allianz Cornhill profits up
Allianz Cornhill has announced a 13.2% increase in pre-tax profits for the first half of 2004, compared to the same period last year.
Ascot signs up with Kinnect
Ascot has signed up with Kinnect, the Lloyd’s-sponsored initiative that captures and transfers risk data across a secure electronic platform.
Dental Defense Union supports compulsory insurance
The Dental Defence Union has welcomed a Department of Health consultation paper that calls for all dentists to have indemnity insurance as a requirement for registration.
S&P assigns new rating for HCC subsidiaries
Standard & Poor's (S&P) has assigned an 'AA' financial strength ratings to American Contractors Indemnity (ACIC) and HCC Reinsurance (HCC Re), both subsidiaries of property/casualty specialty writer HCC Insurance Holdings (HCC). The outlook is stable.
Lloyd's expands US operations with new West Coast office
Lloyd’s of London is opening a West Coast office in the US to develop its business in the region.