News
Ascot Underwriting boosts board
Ascot Underwriting has appointed Andrew Brooks to its board of directors.
Cavell wins run-off contract for Goshawk syndicate
Goshawk Syndicate Management has outsourced the run-off of Syndicate 102 to Cavell, the run-off specialist.
Lloyd's honours brokers
Two US-based brokers have been honoured by Lloyd’s for their outstanding achievements in 2003.
Swiss Re appoints Meuli
Swiss Re has announced that Benjamin Meuli has been appointed chief investment officer and member of the executive board. He will take up his position on 19 April 2004.
Atrium predicts solid profits for 2003
Lloyd’s insurer Atrium Underwriters said today it is forecasting profit in the region of £40.62m across its syndicates for 2003.
Bannerman new general counsel at Quanta
Martha Bannerman has been appointed general counsel at Bermuda-based specialty (re)insurance company Quanta Capital Holdings.
Goshawk outsources run-off syndicate
Goshawk Syndicate Management has outsourced the run-off of Syndicate 102 to run-off specialist Cavell.
Brit Insurance announces record year for 2003
Brit Insurance Holdings has announced record final results for the year ended 31 December 2003, with pre tax profits up more than £60m to £77.6m (2002 £10.0m).
Names' funding for Lloyd's increases to £3.3bn
Lloyd's Names have increased their underwriting capacity for the third year in succession, according to the Association of Lloyd's members.
Commercial boss steps down from RSA executive team
Royal & SunAlliance has announced that Peter Webster, its UK commercial director, is to retire after a career of over 32 years with the company. Brendan McManus, currently director, corporate business, UK Commercial, will succeed him as UK commercial…
Axa plans efficiency drive through increased transparency
Axa has pledged to drive efficiencies through continued investment in technology in 2004.
Hiscox claims takeover insurance will increase
The sharp rise in the number of hostile bids last year is likely to prompt more corporates to seek insurance protection against the cost of fending off a hostile predator, according to insurer Hiscox.
US Senate moves on Hatch asbestos bill
US Senator Orrin Hatch’s bill to reform the US asbestos litigation system could be revived by April this year, according to Senate majority leader Senator Bill Frist.
Deutsche Bank WTC office to be demolished
Deutsche Bank has agreed on a deal with its insurers over the demolition of its New York office, which was heavily damaged during the attack on the World Trade Centre on 11 September 2001.
CIS launches consultation on socially responsible investment
The Co-operative Insurance Society has invited all its customers to have a say in the development of its socially responsible investment policy.
The Davis Group records a 46% leap in profits
Newmarket-based broker Davis Group has recorded a 47% rise in profit before tax.
Brokers unimpressed by insurer claims handling
While a good claims service is more important to UK regional brokers than the cost of the premium, half of UK brokers are not impressed with the loss mitigation and disaster recovery services they receive from insurers, as well as the time it takes…
CII urges Government to encourage greater learning culture in work place
The Government should modify its system of tax relief and improve communications to provide greater incentives for workers in the insurance and financial services sectors to study for professional exams. This is the message the Chartered Insurance…
Taylor appointed to Montpelier Re board
Montpelier Re has announced the appointment of Anthony Taylor as the chairman of the board of directors. Mr Taylor replaces Jack Byrne, who will be retiring in May.
AA links up with Biba for new motor push
The British Insurance Brokers' Association has teamed up with the AA to launch a new offering giving its members access to the broking giant’s motor panel.
Williams made director of claims at Axa
David Williams has been promoted to claims director with immediate effect following a restructure of Axa's finance, claims and actuarial teams. He was previously head of claims.
Appointment at Acord
David Findley has been designated as the new chair of Acord's board of directors, with Charles McCai...
Asbestos Liability - New decisions in Halliburton case
Equitas and US company Halliburton have announced that they have reached an agreement on Halliburton...
Financial Strength - Moody's hits at US under-reserving
US property and casualty (P&C) and reinsurance companies are still "significantly" under-reserved, a...