News
DTI launches new flood tool
A new device to raise the profile of the risks and effects of flooding around the UK was launched by the Government’s chief scientific adviser Sir David King today.
Groupama reduces dependence on shrinking UK GI business
French insurer Groupama today reported that its British business had implemented its policy of refocusing on its core business and increasing risk selectivity in order to restore profitability, while announcing its group results for the year ended 31…
Central Re gets stable rating from AM Best
Taiwan-based Central Re has been given a financial strength rating of A- (excellent) by AM Best, along with a stable outlook.
Zurich CEO claims second spot in corporate market
Zurich chief executive officer James J Schiro today declared that its return to profitability was based its “strong emphasis on the fundamentals of underwriting and claims management as well as on tight cost and expense controls”.
Zurich Financial Services reports improved results
Zurich Financial Services has reported increased income for the 2003 calendar year, with $2.1bn (£1.1bn), against a $3.4bn loss for 2002.
Zurich Financial Services ratings unchanged following in-line full-year results
Standard & Poor's (S&P)Ratings Services said today that its ratings and outlook on Switzerland-based Zurich Financial Services (ZFS) group (core operating entities rated A+/Stable/A-1) are unchanged by the group's release of strong 2003 year-end results.
Tracker expands reach to Spain
Vehicle recovery specilaist Tracker has extended its reach to Spain, following its recen t move to France. Tracker claims Spain’s proximity to the UK makes it a potential hiding place or “black market” for stolen vehicles.
RBS Insurance reports jump in income and premium following Churchill takeover
Royal Bank of Scotland Insurance today announced that it had increased its income income by 52% (to £1106m) and contribution by 32% to £468m (2002 - £355m). After reinsurance, RBS Insurance said its premium income increased 62% or £1167m to £3061m.
IRGC go ahead for first general secretary
The Geneva-based International Risk Governance Council (IRGC) has confirmed the appointment of Christopher Bunting as its first general secretary.
NAICOM warns on recapitalisation
Nigeria’s National Insurance Commission (NAICOM) is urging (re)insurance companies in the country to make sure that they comply with new recapitalisation provisions.
Senior appointment at HBOS Insurance and Investments division
HBOS has hired Kate McIntyre in a new role as commercial director for its insurance and investment division.
AM Best affirms China International Re rating
AM Best has affirmed the A- (excellent) financial strength rating of China International Re, with a positive outlook.
Munich Re improves renewals
Munich Re has announced that it made ‘significant improvements’ in prices and conditions for renewals at the start of the year.
Folgate undecided over HHH branches
Folgate chief executive officer Andy Homer said this week it was too early to say whether the call c...
Hercules looks to acquire in 2004
Property insurance and services group Hercules Property Services may purchase additional books of pr...
In the frame
Axa Art has signed a three-year deal to sponsor Tefaf Maastricht, one of the world's largest annual ...
FSA Solutions targets brokers with software launch
FSA Solutions, a subsidiary arm of compliance specialist RW Associates, is targeting brokers with it...
Lloyds TSB begins India staff move
Lloyds TSB's general insurance division could see more jobs move to India after its announcement thi...
Navigators strengthens asbestos reserves
US insurance group Navigators has become the latest company to strengthen its asbestos reserves afte...
Appointment at James Hallam
James Hallam has made Insiyah Alibhai compliance manager. She has worked in the industry for seven y...
Zurich Financial Services completes sale
Zurich Financial Services has completed the sale of its consumer and small commercial general insura...
Lloyd's rules exempts 5% from LMP slips
New research has revealed that only 5% of open market business will be exempt from the requirement t...
Appointment at Crawford & Company
Paul Bermingham has joined Crawford & Company as director of its global risk administration division...
AA Personal Finance reports increase in turnover
AA Personal Finance has reported an 8% increase in turnover to £186m, despite a slight drop in motor...