News
Hanks and Briscoe to rejoin industry
Two senior executives who made sudden departures from well-known firms in recent months have been li...
Others unlikely to follow Virgin lead
Virgin Money's decision to waive the cost of interest for paying for general insurance products in m...
Post Office plans further GI launches
The Post Office plans to launch further general insurance products by early next year, having this w...
Appointment at Zurich
Zurich has made Neil Lightbown director of underwriting and manufacturing. He joined Zurich London i...
NAIC adds to TRIA pressure
The National Association of Insurance Commissioners (NAIC) has testified before the US Congress on the fact that there remains a strong need for the US government to provide appropriate financial back up to the private insurance market in order to…
APCapital announces Gerling deal
American Physicians Capital has announced the commutation of its reinsurance agreements with Gerling Global Reinsurance Corporation of America (Gerling).
Amlin encouraged by good start to 2004
Lloyd’s insurer Amlin has said that trading for the first part of 2004 has begun well.
Moody’s alters outlook for Japanese companies
Moody's Investors Service has changed the outlook of seven Japanese life insurance companies to stable from negative.
RICS campaign against ill-advised extension of FSA powers
The Royal Institute for Chartered Surveyors has launched a campaign against the new regulations from the Financial Services Authority, which police businesses with even the most incidental dealings with insurance services, and is encouraging members to…
Zurich announces growth in GWP for Q1 2004
Zurich Financial Services has reported a 14% increase in gross written premiums in general insurance for Q1 2004, compared the same period last year.
PartnerRe authorises share repurchase
PartnerRe has announced that its Board of Directors has approved the company’s repurchase authorisation for a total of up to 5 million common shares.
Health Lambert recognised for diabetes product development
Heath Lambert Affinity Partnerships has announced that its financial development manager, Diane Caplehorn, has been awarded the Affinity Award at the recent Diabetes UK Corporate Recognition Awards ceremony.
Insurers help develop household full-cycle EDI
Software Solutions Partners has launched a household full-cycle Electronic Data Interchange, which was developed with a panel of insurers, as part of the latest editions of its electronic insurance broking systems.
Moody’s puts Odyssey Re on review
Moody's Investors Service has announced that it has placed the Baa1 (adequate) insurance financial strength ratings of Odyssey America Reinsurance Corporation and Clearwater Insurance Company (previously named Odyssey Reinsurance Corporation),…
DWP publishes rehab paper
The Department for Work and Pensions has published its discussion paper on vocational rehabilitation, to help people overcome health or disability-related barriers they may face in returning to work. The paper follows the department's review of Employers…
Kiln buys stake in South African underwriter
Kiln, a subsidiary of Lloyd's managing agent RJ Kiln & Co, today announced it has acquired a 25% stake in South African underwriter International Marine Insurance Managers.
Brokers merge to create new property powerhouse
Cadogan Insurance Services and Deacon Insurance Services Limited have announced plans to merge on 1 July 2004.
Groupama underwrites Qdos's legal expenses scheme
Groupama has secured a deal to underwrite Qdos's legal expenses scheme through the coverholder Composite Legal Expenses.
Stockmarket worries decline in Swiss Re survey
Economists’ worries about a decline in stockmarkets are tapering off, according to a new survey carried out by Swiss Re.
CIS ties up second broker deal
Co-operative Insurance Society this week became the latest underwriter to join the motor insurance panel of broker Budget.
American insurers get subpoenas in probe over fees
New York Attorney General Eliot Spitzer’s office has issued subpoenas to several major insurance companies in his probe of fees received by insurance brokers, the New York Times said.
RSA announces three-year charity partnership with Samaritans
Royal & SunAlliance has announced a donation of £750 000 to The Samaritans – the emotional support charity – as part of its ongoing commitment to the education and welfare of young people in the UK.
Heath Lambert wins personal lines affinity contract
Broker Heath Lambert has won the contract to supply online home insurance for UpMyStreet.com, a provider of local information services.
Darling joins S&F premium finance arm in move from Close
Singer & Friedlander Insurance Finance, has appointed Bob Darling to the post of managing director.