News
Willis reports modest rate increases in some lines
International broker Willis today reported that revenues grew 20% to $665m (with 9% organic growth) during the first three months of 2004. Net income for the quarter ended 31 March 31was $148m, or $0.87, compared with $117m, a year ago.
RSA enhances its risk mapping system
Millions of homeowners in areas at risk of subsidence across Britain will now benefit from more accurate insurance premiums thanks to enhancements to Royal & Sun Alliance’s risk mapping system claims the insurer.
DLA merges insurance and M&A teams
Law firms DLA has restructured its insurance team, combining it with the specialist M&A department, in a bid to take advantage of the growth in the company run-off markets.
Atrium announces profits of £13.6m
Lloyd’s insurer Atrium has announced a group profit of £13.6m and confirmed a number of management changes.
S&P takes Groupama off CreditWatch
Standard & Poor’s Ratings Services (S&P) has affirmed its ‘A’ (strong) insurer financial strength rating on U.K. non-life insurer Groupama Insurance and removed the company from CreditWatch, where it had been placed on 14 January 2004. The outlook is…
Appointment at JL Manson & Partners
Manchester-based insurance broker JL Manson & Partners has appointed Mike Latham as director. He bri...
Lloyd's boss in boardroom risk management plea
Business leaders have been urged to put risk management at the heart of the boardroom agenda by Lord...
Appointment at Heath Lambert Group
Heath Lambert Group has made Barry Duffin operations director. He will head up the group's select bu...
Fortis hits back at UK sale talk
Banking and insurance group Fortis has hit out at speculation that it is considering a sale of its U...
Davies Arnold Cooper to grow its share of insurance market
City law firm Davies Arnold Cooper is looking to grow its share of the Central and South American in...
Ambitious broker targets its largest acquisition yet
Scottish broker Giles is eyeing up its largest acquisition yet, following the opening of three new o...
Zurich and Broker Direct to work together
Zurich and Broker Direct are working together to offer Broker Direct's motor insurance in Northern I...
NU sceptical about voice-stress analysis
Norwich Union does not believe voice-stress analysis to be an essential fraud-detection technique, d...
Sirius to open in India
Insurance software specialist Sirius Financial Solutions made an operating loss of £0.5m last year, ...
Vic Noble to leave Independent Insurance
Vic Noble, who set up Independent Insurance's loss adjuster PCS and remained with the company when i...
The ABI welcomes ruling
The Association of British Insurers has welcomed the Office of Fair Trading's ruling that the agreem...
CII honours nine in fellows move
The Chartered Insurance Institute has this week named its first nine honorary fellowships, under a m...
Appointment at Dual Corporate Risks
Specialist underwriting management company Dual Corporate Risks has appointed Darryl Brophy as regio...
The World Trade Center trial jury asks for clarification
The jury in the World Trade Center trial has asked for clarification from the court on a number of i...
Appointment at Clear Insurance Group
The Clear Group has appointed Peter Morse as account director. He has more than 20 years of experien...
Swiss Re opens new London headquarters
Swiss Re has formally opened its new London headquarters at St Mary Axe this week. Already known to ...
MMA looks to widen its supply channel
MMA Insurance this week revealed it was in discussions with a company that would help it continue it...
Crawford chair and CEO resigns
Claims services giant Crawford & Company has announced that its board of directors has accepted the ...
Appointment at UKI Partnerships
UKI Partnerships has appointed Phil Southgate to oversee PR and media relations for its general insu...