News
Omega announces profits from its Lloyd's Syndicate
Omega Underwriting Holdings has announced a profit of 6.2% on capacity before personal expenses from its Lloyd's Syndicate 958 for 2001.
Warranty Holdings goes into administration
Nigel Ruddock, Ipe Jacob and Ian Carr, partners at Grant Thornton, have been appointed joint administrators of the Oriel Investment Corporation ("ORIC"), including Warranty Holdings, at the request of its directors.
NU offers motor traders professional indemnity solution
Norwich Union has announced it is launching professional indemnity cover for its motor trade customer in the spring.
FSCS to raise £130m levy on general insurers
The Financial Services Compensation Scheme said today it plans to raise £130m from general insurance firms to pay compensation for general insurance claims such as those relating to Independent Insurance and Chester Street.
Hardy reports 115% jump in profits
Lloyd’s insurer Hardy Underwriting today reported a 115% increase in pre tax profit for the 12 months to 31 December 2003 of £14.35m. This was achieved on a gross written premium of £59.2m (2003: £49.5m).
Ecclesiastical reports pre-tax profit of £43.5m
Ecclesiastical Insurance has announced a pre-tax profit of £43.5m.
Appointment at The Claims Service
The Claims Service, the outsourced claims solutions arm of Endsleigh Insurance, has made Jonathan Ha...
Chordiant to make renewed push into general insurance
IT solutions company Chordiant plans to make a renewed push to expand into the general insurance mar...
Appointment at Medical Defence Union
The Medical Defence Union has employed Jill Harding as head of its claims handling team. She brings ...
Groupama targets nine segments
Groupama intends to target 'super-provincial brokers' and chains as a key part of its new distributi...
Lloyd's insurer gunning for rehabilitation with new buy
Lloyd's insurer SVB Holdings is hoping its £7m purchase of Credit Indemnity and Financial Services f...
Appointment at Aascent
Aascent has made John Rusby business development manager. He brings 25 years of insurance industry e...
Hiscox: no more European offices
Hiscox does not intend to open any further offices in the UK or in Europe this year, according to it...
Appointment at Heath Lambert
Mike Ellis has become executive director of the major accounts group at Heath Lambert Group, Europe....
US consolidation key for Beazley
Consolidation of broker networks in the US will be key to Lloyd's insurer Beazley's strategy in 2004...
Allianz Marine & Aviation recruiting underwriters
Allianz Marine & Aviation is recruiting aviation underwriters to make up for a staffing shortfall. T...
Motor beat
The Police Mutual Assurance Society has appointed broker Budget's affinity arm Junction to provide a...
Excess of loss market "fragile"
London market excess of loss writers could once again be heading for a fall, said Charles Catt, chai...
Bupa boss bemoans "sluggish" 2003
Financial News
Allianz Cornhill set for household push
Financial News
Bruce Stevenson launches Callbruce
Scottish broker Bruce Stevenson has launched Callbruce, a business-to-business service for intermedi...
Appointment at Axis Capital Holdings
Axis Capital Holdings has made two non-executive appointments to its board of directors: Jurgen Grup...
Cost of business crime in London rises
The cost of business crime rose by 70% in 2003 in London, according to the Axa Business Crime Index....
ATE firm recruits 1200 for GI push
Personal injury specialist Invaro is set for a major push into the general insurance market with the...