News
Tillinghast warns of lack of workers' compensation capacity
The private insurance industry for workers’ compensation would not have sufficient capital to survive potential losses from a major terrorist event without federal help, according to a new report by Tillinghast.
Vega acquires second firm
Acquisitional broking group Vega Insurance Services has acquired Birmingham-based Thompson Rudd Group.
Capita set to seal run-off contract with NU
Capita Insurance Service is in advanced discussions with Norwich Union to deliver the run-off business of national broker Hill House Hammond. It follows extensive and detailed selection process.
Von Bomhard fixes on profitable future for Munich Re
Nikolaus Von Bomhard, the new chairman of Munich Re’s board of management, has said that the group’s objective for 2004 is a net profit of €2bn.
FSA blames resources for not acting over Equitable's Ranson
The Financial Services Authority said it would not take any action against Roy Ranson, former chief executive of Equitable Life because it would not be a good use of resources.
Global reinsurance market outlook still negative, says S&P
Standard & Poor’s (S&P) has published a new report that states that the ratings outlook for the global reinsurance market remains negative.
Allianz Cornhill Academy gains in-house ACII accreditation first
Allianz Cornhill's Underwriting Academy has been awarded the Chartered Insurance Institute's Prior Learning Accreditation, as predicted by Post Magazine this week, making it the first in-house training programme within the insurance industry to achieve…
Hannover Re signs up with eReinsure
Hannover Re has announced that it has contracted to use eReinsure’s online platform for reinsurance negotiation.
Groupama stays on credit watch
Standard & Poor's Ratings Services said today that its 'A' long-term insurer financial strength rating on Groupama remains on 'credit watch' with negative implications pending receipt of a new guarantee from its parent, Groupama S.A.
Heath Lambert wins aerospace contract
Heath Lambert Aerospace has announced it has been reappointed to the account of aerospace manufacturers Textron, for a further three years.
Stuart Alexander targets Manchester
Insurance broker Stuart Alexander has begun expansion plans for its Manchester office and hopes to a...
Appointment at Combined Insurance
Specialist provider of health and accident insurance Combined Insurance has made Paul White marketin...
Appointment at Alea Group Holdings
Global reinsurance and specialty insurance company Alea Group has named Mark Ricciardelli president ...
Grant Thornton confirms parties still interested in remaining businesses
Grant Thornton, administrator for the Oriel Investment Corporation, this week confirmed parties are ...
Insurers warn smoking ban may spark rise in claims
Insurers have urged caution when introducing bans on smoking in public places because it may create ...
Appointment at FMW
Alex Thake has been appointed compliance regulations assistant by Chelmsford-based broker FMW. Ms Th...
Diekmann confident of prospects in Chinese market
Michael Diekmann, chairman and chief executive officer of Allianz Group, is confident in the company...
Upbeat Lloyd's urges market to hold nerve
Lloyd's' pro forma annually accounted profits of £1.89bn in 2003, an increase of 127% on 2002's £834...
GISC announces restrictions on firms
The General Insurance Standards Council has announced restrictions on firms applying for membership ...
Alexander Forbes teams up with IFA Mentor to launch service
Alexander Forbes has announced plans to help brokers with what it believes will be an "11th hour sta...
Dual International launches SME-focused agency
Specialist directors' and officers' and professional indemnity underwriting agency Dual Internationa...
Appointment at Finsure
Scott Feltham has been appointed regional sales executive for the western Home Counties, the South-w...
Appointment at Keelan Westall
Felicity Fitchett has joined Bordon-based Keelan Westall to head up its renewals team. Prior to this...
Appointment at Fortis Insurance
Chris Dobson has become distribution and development director at Fortis Insurance. He will be based ...