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Senior managers not confident dealing with absenteeism

A recent Marsh study of 950 companies in Western Europe (Survey of Risk 2004) reveals that 52% of respondents believe that staff absenteeism and turnover are significant risks to their business, but are not confident in knowing how to deal with them.

Flexible medical plan launched by HSA

HSA has launched a private medical insurance package which allows employers to pick and choose from a range of modules to satisfy their company and employee needs.

GE ERC opens new HQ

GE's Employers Reinsurance Corporation (GE ERC) has opened its new global headquarters building in Kansas City, Missouri.

S&P makes Mercantile announcement

Standard & Poor's (S&P) has affirmed its ‘AA’ (very strong) counterparty credit and financial strength ratings on Old Republic Mercantile Insurance (Mercantile) and subsequently withdrew the ratings at the company’s request.

Utley quits Cox - Fisher steps in

Neil Ultey, chief executive of Cox has resigned as both CEO and as a director of the group with immediate effect. The company recently tried to buy motor insurer Highway but talks between the two companies collapsed last month.

PIA calls for US flood legislation

The National Association of Professional Insurance Agents (PIA) has called on its members to contact their Members of Congress and to urge them to pass flood insurance legislation before the National Flood Insurance Program (NFIP) expires on June 30.

NU set to move jobs to Sri Lanka

Norwich Union will test a new facility in Sri Lanka and may move more positions from the UK to Asia next year. The operation in Columbo will initially employ 25 people in September in finance administration roles from the company's general insurance unit…

MCIS and Hiscox launch charity product

MCIS Limited, the charity specialist broker firm, has joined forces with leading high net worth insurer Hiscox to offer a household insurance policy with added features for charity trustees.

Final Paris terminal collapse bill still unknown

The collapse of part of a modern terminal at Charles de Gaulle airport outside Paris on May 23 could cost insurance companies hundreds of millions of euros with the majority of the bill being picked up by the reinsurance market, according to the…

Personal injury firm Invaro goes into liquidation

Personal injury specialist Invaro, headed up by chairman Terry Lindon, has gone into liquidation.In a statement the company's board confirmed that it has "instructed Smith & Williamson to assist with the necessary formalities to place the company into…

S&P changes Allianz Canada outlook

Standard & Poor's Ratings Services (S&P) has revised its outlook on Allianz Insurance of Canada and Trafalgar Insurance of Canada (collectively referred to as Allianz Canada) to stable from negative and affirmed its 'BBB+' (good) counterparty credit and…

GE ERC management changes

GE's Employers Reinsurance Corporation (GE ERC) has named Richard F. Smith its chief operating officer and Marc Meiches as its chief investment officer.

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