News
UCE Business School expands banking and financial services provision
The University of Central England (UCE) has been appointed as the sole academic centre in the UK for Institute of Financial Services ifs/UMIST diploma and degree programmes. The appointment makes UCE the largest centre for banking and financial services…
Channel Re gets thumbs up from rating agencies
New Bermudian financial guaranty reinsurer Channel Re has received a financial strength rating of Aaa (exceptional) from Moody’s and AAA (extremely strong) from Standard & Poor’s.
Office moves benefit Birmingham market
Birmingham has seen important office moves this month. Insurance technology provider Sirius is trans...
Three quarters meet new CII framework standards
Around 77% of those candidates sitting the Chartered Insurance Institute's new qualifications framew...
Path to Success: Liability Underwriter
Matt Hunt, 27, is a liability underwriter at new Lloyd's syndicate Illium and talks of his career to date
NU hopeful HHH Business sale will save 250 jobs
Norwich Union today claimed the sale of HHH Business to Folgate highlighted its support for the broker market. It added that it was hopeful that Folagte would also take on “the vast majority” of HHH’s 250 commercial staff.
Aon announces profit rise
Aon has reported a $215m net profit for the last quarter of 2003, a 15.6% increase on the $186m it made over the same period of 2002.
AA sees decline in motor policyholders
AA Personal Finance has reported an 8% increase in turnover to £186m despite a slight drop in motor policyholders for the 12 months ended 31 December 2002.
Budget makes four more acquisitions
Budget Retail has made a further four broker acquisitions since the start of the year.
Folgate buys HHH commercial
The Folgate Partnership has confirmed that it has acquired Hill House Hammond's commercial business from Norwich Union (Aviva), as predicted by Post Magazine this week.
New head for SOFA
Bob Bullivant is to be the new managing director of the Society of Financial Advisers – the Chartered Insurance Institute’s financial services arm.
Kwik-Fit undergoes rebrand
Kwik-Fit Insurance Services has announced it is to change its name to reflect a growing portfolio of products.
IPC releases Q4 2003 profit figures
IPC Holdings has announced that it made a $65.4m profit in the fourth quarter of 2003, a rise of 327% on the $20m profit it posted in the same quarter the previous year.
Chubb boosts marine team
Chubb Europe has boosted its London marine cargo with the appointment of Kevin Docherty and Geoff Wilkinson.
RSA continues disposals
Royal & SunAlliance Insurance has agreed to sell its general and life insurance interests in Peru to Rimac Internacional Compania de Seguros y Reaseguros (Rimac). The insurer is also selling its 14.6% stake in Rimac. The total consideration will be…
Judge rules against insurers in Halliburton case
A Pittsburgh bankruptcy judge has ruled that insurance companies, led by Ace and Hartford, do not have standing to challenge or intervene in the judge’s decision regarding the bankruptcy cases of DII Industries and Kellog Brown & Root which are…
Folgate outlines details of HHH deal
Folgate CEO Andy Homer today declared that the acquisition of Hill House Hammond’s commercial book will put it “one step closer” to achieving its ambition of becoming the “largest independently owned intermediary in the UK”.
Treasury to implement Distance Marketing Directive
The Treasury has told PM that it will report back on how it intends to implement the Distance Market...
HCC Insurance Holdings to merge subsidiary
HCC Insurance Holdings intends to merge its wholesale broker subsidiary Dickson Manchester with its ...
FSA will change claims role
Bryan Stewart, group compliance officer for Groupama Insurances, said that approved persons - and cl...
Words are not enough
Mike Spice, regional claims compliance officer, AIG Europe, told Claims Club members the golden rule...
Syndicate needed to help small insurers
At last week's Post Magazine Claims Club seminar, claims managers shared their experiences of supply chain management and regulatory compliance. Anthony Gould reports
Insurers plan PR offensive
The insurance industry is preparing to fight public misconceptions about insurance fraud with one lo...
Merger boosts fraud plans
The Association of British Insurers' plans to build an industry-wide anti-fraud database moved a ste...