News
St Paul International rated Excellent by A.M. Best
Ratings agency A.M. Best has affirmed the A (Excellent) financial strength rating of St Paul International Insurance Company (London). The rating has been removed from under review and assigned a stable outlook.
Hiscox launches combined PI package
Hiscox Insurance Company has launched a new combined office and liability package for the office-based professional, following a successful pilot scheme.
White Mountains completes Sirius deal
White Mountains Insurance Group has announced that it has completed its acquisition of the Sirius Insurance Group and its subsidiaries, Sirius International Insurance Corporation, Sirius America Insurance and Scandinavian Reinsurance.
Insurance crisis grips football, claims broker
Top football clubs are still risking multi-million pound compensation payouts as insurers refuse to cover players who injure their opponents, insurance and legal experts have warned.
Moody’s affirms A- rating for Lloyd’s Atrium Syndicate
Moody's Investors Service has affirmed the A- rating of Lloyd's syndicate 570, Atrium Underwriters, with the outlook remaining stable.
Giles Insurance continues expansion with office openings
Broker Giles Insurance has opened offices in Manchester, Newcastle and Warwick in a £750 000 investment, following recent acquisition of Hamroy Insurance Development and its sister company Hamroy Financial Services.
Duffin to head up Heath Lambert operations
Broker Heath Lambert has announced the appointment of Barry Duffin as operations director, heading the group's select business unit.
UK at risk from floods, says study
A new study by the UK government has claimed that unless more resources are given over to flood defences, the UK will face serious flooding in the future.
NU ties up multi million motor deal
Norwich Union has been chosen by Daimler Chrysler Services Insurance Solutions as its sole provider of motor insurance.
Aquilo announces disappointing operational results for 2003
Aquilo has announced disappointing operational results with a loss of £1,794,066 for the year ended 31 December 2003 but said 2003 was a transforming year for the Group in terms of implementing its business strategy and laying the foundations for growth.
Hanks out as Camberford Law Network hit by "reality"
Lloyd Hanks, managing director of Camberford Law's fledgling broker network, Network Extra, is to leave the company following a restructure of the business, as exclusively revealed by Post Magazine earlier this week.
Pinnacle: IMI approved centre
Pinnacle Insurance has launched a series of six online learning programmes designed to build compete...
Time to test yourself: A selection of questions from various past CII qualification papers
Whether you are studying for Chartered Insurance Institute exams or just want to test yourself, see how you do
Biba and CII to unite over training scheme
The British Insurance Brokers' Association and Chartered Insurance Institute have teamed up to provi...
FSA publishes Distance Marketing changes
The Financial Services Authority has published feedback on CP 196 — Implementation of the Distance Marketing Directive. To download the report click here .
London P&I Club reports improved marine business
Marine insurance mutual The London Protection & Indemnity Club has reported a substantial improvement in its finances and claims experience for the year ending February 20, 2004.
Admiral confirms flotation plan as profits hit £71.2m
Motor insurer the Admiral Group, which today reported an increase in profits to £71.2m for 2003 — a rise of 29% on 2002, has confirmed plans to seek a Stock Exchange listing this autumn.
Levene warns of "new era" of risk
Business leaders have been urged to put risk management at the heart of the boardroom agenda by Lord Levene, chairman of Lloyd’s.
Research declares widespread concern over commercial cover
Nearly 50% of UK SMEs are worried about the availability of insurance for their business, according to new research by Norwich Union.
Sirius announces Indian venture as it records a loss
Insurance software specialist Sirius Financial Solutions today announced an operating loss of £0.5m (£2002: £1.9m profit) on a group turnover of £20.5m (2002: £1.9m).
Independent assessor to determine ABI credit hire rates
The OFT today decided that an agreement between motor insurers and replacement vehicle providers is beneficial to consumers and satisfies the requirements for an exemption under competition law provided certain conditions are met. One of these is the…
WTC trial jury 'hung up' on vital email
The jury in the controversial World Trade Centre (WTC) trial in New York is continuing to debate the validity of a vital email connected to the case.
New hope for Californian workers' compensation system
Speakers at the Risk and insurance management society conference in San Diego said they were satisfied the agreement reached on Friday will bring real reform to the Californian workers’ compensation system. The hugely expensive system has long been…
AIG sees 24% hike in general insurance premiums
Insurance giant AIG has recorded a 36% rise in first quarter profit following a hike in property and casualty premiums.