News
Smart & Cook triples unit numbers
Credit Insurance Consultants, the credit insurance arm of national broker Smart and Cook, has strengthened its market position with the acquisition of Halifax firm Credit Insurance Brokers (UK). The acquisition will almost triple staff numbers.
Regency swoops for local rival
Weston-super-Mare-based Regency Insurance Brokers has bought local rival RT Moore.
Marsh invests in youth
Marsh has promoted Jonathan Webb to the position of Head of its Leicester office.
Ace in US software distribution deal
Ace Insurance has will distribute the National Britannia Group’s online risk management system to its US policyholders.
TRIA extension calls continue
Momentum is building in the US Congress for the extension of the Terrorism Risk Insurance Act (TRIA) of 2002, according to the American Insurance Association (AIA).
Market opportunities top executive priority
Taking advantage of new market opportunities is the leading pressing issue among executives from Europe, North America, Asia, Latin America and Africa, according to the International Insurance Society’s 2004 survey.
Aon wins BSkyB contract
Aon has been appointed BSkyB, the provider of digital television services, as its UK insurance and risk management adviser.
ABI demands flood defence assurances
The Association of British Insurers has welcomed the Government’s decision to reaffirm its commitment to maintaining and improving Britain’s flood defences in the spending review. But the ABI stressed Environment Secretary Margaret Beckett would have to…
Scor creates exchange platform
Scor Group has created an electronic exchange platform with Benfield, the international broker.
NIG planning online commercial push
NIG has launched online quotation system for commercial package policies and said it is in negotiations to join the i-market initiative.
PI Direct targets secondary intermediaries
PI Direct, the professional indemnity underwriting agency, has expanded its insured professions to include secondary intermediaries such as motor traders, retailers, opticians, dentists and hire firms. The product is being offered through its subsidiary…
Benchmarking important to market, claims Coomber
Benchmarking is an important tool to use in the current market, according to John Coomber, chief executive of Swiss Re.
Brokers rally behind IIB campaign
Over 300 brokers have registered their opposition to compensation proposals giving them unlimited liability rather than a £48 000 limit.
S&P issues rating for RGA registration
Standard & Poor's (S&P) said today that it assigned its preliminary 'A-' senior unsecured debt, 'BBB+' subordinated debt, and 'BBB' preferred stock ratings to the $1bn universal shelf registration filed by Reinsurance Group of America (RGA).
BHRC report gloomy on global warming progress
The prospects for tackling climate change look increasingly bleak, according to a new report published by the Benfield Hazard Research Centre (BHRC) entitled ‘Climate Change 2004’ which addresses the results of research undertaken and observations made…
CBG completes acquisition No. 8
Community Broking Group has acquired Carpenter Rees Jackson - an independent financial planning practice in Manchester.
Towergate swoops for AIUA
Towergate has acquired Agricultural Insurance Underwriting Agency.
Barlett joins Heath as wholesale MD
Steve Bartlett has been appointed as managing director of the wholesale division at Heath Lambert Insurance Services.
Moscow Re gets capital investment
Moscow Re has announced that it has received a capital investment of RUB 548.9m, approximately $20m.
Marsh appoints Wells to CCP
Marsh has promoted Jason Wells to the role of national development director of its Corporate Client Practice (CCP).
High net worth broker system unveiled
Software provider, The Exchange, has launched a new high net worth insurance service on its Exweb portal system.
Groupama appoints new claims director
Groupama Insurances has announced the appointment of Graham Gibson as claims director with responsibility for the technical integrity and operational effectiveness of the UK Group's claims operations. The appointment is subject to the usual FSA approval.
LMA committee chairman calls for better industry efficiency
Dane Douetil, chairman of the Lloyd’s Market Association’s Market Processes Committee has stressed the critical impact on loss ratios that could result from initiatives to improve the efficiency of insurance markets globally.
London Club results see free reserves increase
The London P&I Club has announced that it completed its 2003/2004 financial year in a healthy position.