News
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.
Pender in court over alleged unpaid business interuption claim
Telecommunications network Australia Japan Cable has sued Pender Insurance Limited, the former Cable & Wireless captive, for damages following its refusal to cover an insurance claim made in 2001 for loss of part of its cable network during construction.
Bennetts announces sponsorship drive
Motorcycle insurance specialist Bennetts has agreed a deal with Sky Sports to sponsor a number of the channel's motorcycling programmes.
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.
DTI: managers worry about tribunal stress
More than three-quarters of financial services employers worry about the financial implications of b...
Law changes confuse employers
Companies are struggling to get to grips with changes in employment law, according to First Assist. ...
Know your rights: This month - Information and Consultation
The Department of Trade and Industry has published draft regulations for implementing the Information and Consultation Directive. Saba Mozakka explains its new rights for employees
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.
Call for Government to make visible car insurance discs compulsory
UK motorists could save hundreds of pounds a year if a long-awaited Government crackdown on motor insurance fraud is put into practice, according to UK & Ireland Insurance Services.
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…
One Call rebuilds after insurers' panel cuts
Bolton-based home restoration specialists One Call has announced that, after increasing its turnover by £4million, the company has plans to double its size over the next 18 months.
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…
Lighthouse Group to distribute Select & Protect products
Independent financial adviser Lighthouse Group will be distributing Select & Protect household and mortgage payment protection insurance cover.
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.
First Alternative says England will win Euro 2004
Motor insurer First Alternative has come up with its own way of predicting the outcome of Euro 2004 – with England as winners.
Specialty loss hurts Zurich London
Rating agency Standard and Poor's has reiterated concerns over Zurich's London-market arm's reserves...
Axa makes EDI pledge
Axa UK has invested £1m this year on e-technology in order to trade motor and household products ent...
New head to Toa
Toa Reinsurance, based in Tokyo, has announced that Teruhiko Ohtani will be appointed president and ...
Former Norwich Union employee pleads guilty
Former Norwich Union employee Carol Birrell pleaded guilty to conspiracy to defraud the company in a...
FSA green-lights new commercial UK insurer
Bermuda-based Arch Insurance is expanding its European subsidiary to take advantage of London's brok...