News
Fitch downgrades ACTR
Fitch Ratings has downgraded the insurer financial strength rating of Ace Capital Title Reinsurance (ACTR) from AA (very strong) to A- (strong).
Regulator puts plan in place to end due credit "exploitation"
The General Insurance Standards Council has today announced restrictions on firms applying for membership in order to prevent exploitation of the Financial Services Authority's agreement to offer "due credit" to its members in good standing who apply for…
Underwriting appointments at Novae
SVB subsidiary Novae Underwriting has today announced the appointment of leading underwriter, Lindsay Noble, to head its regional professional indemnity team.
GE brings in new tool for risk managers
GE Global Asset Protection Services (GE Gap Services) has introduced a new tool for risk managers.
L&G identifies Prosser successors
Legal & General has identified three potential internal successors for chief executive officer David Prosser according to The Daily Telegraph.
Standard Life to axe 1000 jobs
Standard Life has become the latest UK insurer to announce wholesale job cuts, with plans to reduce ...
Path to Success: Enterprise Risk Management
Geoff Close, practice leader of Enterprise Risk Management within Aon Risk Consulting, talks about his career to date
70% choose longer working hours
Seven out of 10 of those who work more than 48 hours a week do so largely as a result of their own c...
Heath announces senior shake up
Heath Lambert Group has today announced a number of senior promotions within three of the its key operations.
CII launches regulation fact files on website
The Chartered Insurance Institute (CII) has commissioned fact files outlining the far-reaching implications of regulatory changes on its website.
Norwich Union acquires car sales business
Norwich Union has bought the on-line and telephone-based motor sales business operated by Oneswoop.com .
GISC statement on CSI
The General Insurance Standards Council has issued an intervention order against Putney-based broker CSI which earlier this week stopped taking on new business as reported in Post Magazine.
Insurer claims it's first to remove HIV/Aids exclusion
Group income protection provider Unum Provident claims to have become the first insurer in its market to provide exclusion-free contracts as standard when it removes the HIV/Aids exclusion on its policies.
Heath Lambert boss claims some rivals are not up to
Heath Lambert's latest senior appointment has taken a side swipe at the standards in the UK broking market.
Churchill warns of an upward slide in subsidence
Research by Churchill insurance shows that despite a 300% year on year increase in its subsidence claims in 2003, home buyers are still not taking measures to ensure that they are purchasing a trouble free property.
Willis boss hails acquisition as "significant step" in expansion plan
Broker Willis has received approval from the China Insurance Regulatory Commission to complete the purchase of a 50% equity stake in Shanghai Pudong Insurance Brokers, one of the country’s leading intermediaries.
Ace expands UK D&O underwriting team
Insurer Ace European Group has appointed two new UK based directors and officers' underwriters, continuing its strategy of developing the regional D&O account.
Unlimited Insurance companies: A consultation
In response to the Penrose Report on Equitable Life Assurance Society (ELAS), Ruth Kelly, the Financial Secretary to the Treasury, has published a consultation document on draft legislation to protect policyholders in the event that ELAS’s unlimited…
S&P positive toward XL Re Europe
Standard & Poor’s (S&P) has changed its outlook on France-based reinsurer XL Re Europe from stable to positive.
Motor start-up to join the minority
Halifax Bank of Scotland's latest venture, First Alternative, has revealed it will be using the Clai...
Rating agency voices concern over solvent run-off
The spectre of the insurance industry facing another levy from the Financial Services Compensation S...
Small brokers: FSA extension
The Financial Services Authority has granted small brokers until April 2005 to comply with its repor...
FSA warns over money-laundering
The Financial Services Authority has warned chief executives of some of the UK's leading insurers th...
Appointment at Contractsure
Construction insurance specialist Contractsure has employed Lesley Millis as associate director. Ms ...