News
Appointment at Criterion
Philip Austin has joined chartered loss adjuster Criterion. He was formerly a director of GAB Robins...
CII denies 'limited' accusations
The Chartered Insurance Institute has hit back at claims from an independent trainer that its suite ...
Axa red lights business
Axa has developed a new traffic light-based methodology for brokers to clarify which classes of comm...
Amlin forecasts positive for 2002 & 2003
Lloyd's insurer Amlin has published its final results for the 2001 year of account, an updated forecast for the 2002 year of account and an initial forecast for the 2003 year of account.
Aviva confident after strong results
Aviva today recorded an operating result of £911m in its general insurance business, compared to £881m in 2002.
Fortis thwarted over Selby appeal
Fortis has lost the latest round of its legal battle over compensation involving the Selby rail crash.
UK contributes to leap in profits for Santam
South African insurer Santam saw pre-tax income for 2003 increase from R435m (£35m) in 2003 to R1 221m (£98m), with an 186% increase in operating income.
Record profits at QBE
QBE's directors today announced a 105% increase in profit after tax for the year ended 31 December 2003, up from $279 million to $572 million (£308m).
HBOS sees "excellent" general insurance results
HBOS said today that general insurance premium income increased by 19% to £1.6bn in 2003 and all major product lines gave a strong performance, increasing overall profit before tax by 11%, to £445m.
RAC Financial Services sees revenues increase
RAC Financial Services in 2003 saw revenues up 28% to £3.2m.
QBE announces 2003 profit
QBE's directors today announced a 105% increase in profit after tax for the year ended 31 December 2003, up from $279 million to $572 million (£308m).
Groupama boosts personal accident cover
Groupama Healthcare has launched a new premium rating structure for its individual and self employed personal accident and illness cover. Brokers and intermediaries can now tailor the product to meet the individual needs of policyholders, offer cover for…
Tsusaka new chairman of GAB Robins
Loss adjuster GAB Robins Global has appointed Jun Tsusaka as chairman of its global operations. Joseph Zubretsky will remain as president, chief executive officer and director, globally.
Peter Seymour expands marine role at Ace Overseas General
Peter Seymour has been made senior vice president, Marine for ACE Overseas General (AOG) with responsibility for all ACE's marine business outside the USA. The new role will include a focus on profitably growing AOG's marine business and ensuring that…
Levy by the Financial Ombudsman on complaints tilts field against brokers
The cost to insurance brokers of having a consumer complaint investigated by the Financial Ombudsman Scheme could make it uneconomic to contest many smaller claims for compensation- no matter how unjustified - said insurance law firm, Reynolds Porter…
Biba concerned by low number of FSA registrations
The British Insurance Brokers Association (Biba), has today issued a warning to those in the industry who are yet to apply for their FSA registration, that time will soon be running out.
MMA reveals increased broker network agency subscriptions
Over 100 brokers have applied for agency status with MMA Insurance, in response to a deal struck between the insurer and Misys' Countrywide broker network last month.
Homeowners paying too much for insurance claims survey
Homeowners are paying around £2.06bn a year too much for their home insurance, the equivalent of £122 for each household, according to Bristol-based financial services company, Consumer Intelligence.
Axa boosts commercial team
Axa has announced three senior appointments within its commercial senior management team.
CMGL wins Australian reinsurance run-off contract
Claims Management Group has been appointed as run-off manager to the Australian New Cap Reinsurance Corporation (In Liquidation), following a competitive tender
JLT reports increase in profits and revenue
Broker Jardine Lloyd Thompson today reported an increase in turnover from £388.6m to £429m for the year ended 31 December 2003.
Heath in talks over disposals
Heath Lambert is looking to sell several of its offices in Latin America to Jardine Lloyd Thompson, as part of its review of operations across the world.
FM Global reports UK success
Industrial property specialist FM Global saw its UK gross written premium rise 16% in 2003 to US$571m (£332m) for the year ended 31 December 2003. It now aims to provide insurance and risk management services to more than one third of manufacturing,…
QuestGates appointed to Teachers panel
Loss adjuster QuestGates has been appointed, along with Cunningham Lindsey, to be the adjuster for Teachers Assurance Company.