News
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.
NU rolls out new technology offering after pilot
Norwich Union is to release its first Polaris-based commercial vehicle EDI product, ‘your van’, through the insurE-com portal. Currently live in pilot, the full deployment of ‘your van’ is expected to follow in the next few weeks.
CII sales compliance drive
The Chartered Insurance Institute is expecting 60,000 sales staff to use its new fast-track creditor...
Managers: we are overworked
Managers in insurance are overworked, put business ahead of family, and work within a negative cultu...
Groupama ends staff consultation
Groupama has confirmed the relocation of its personal lines claims division from Birmingham to Ports...
British Insurance Awards: Winners announced
The winners of the highly coveted British Insurance Awards were presented with their awards by TV personality Clive Anderson at last night’s prestigious British Insurance Awards ceremony held in front of an audience of 1800 guests at the Royal Albert…