News
Ace Europe targets regions
Ace Europe is increasing its presence in the North East and South East of England with a strengthened regional underwriting team.
Boyce quits Alarm
Sheila Boyce, chief executive of Alarm, the National Forum for Risk Management in the Public Sector, has announce she will be leaving at the end of her three year contract.
Brokersure hires new Business Development Exec
Cox Insurance software subsidiary Brokersure.co.uk, has appointed Gill Rideout to the newly created position of Business Development Executive.
Cox acquisition spree continues
Cox' growth plans have continued apace into the new year with the insurer announcing a trio of acquisitions; Eastwood Insurance Services, Southdale Insurance and BR Insurance . The purchases follow on closely from last years purchases of Bennetts UK and…
Reserving issues will continue says Amlin
Lloyd's insurer Amlin said in its trading statement today there is market expectation that reserving issues will continue to emerge for legacy casualty business.
BNL publishes FSA application advice
The Broker Network has published a free guide to completing the FSA application form.
W Denis sets up city office
Lloyd's Broker W Denis Insurance Brokers has announced it has set up a London office at six Lloyd's Avenue, following a period of continued growth.
NI broker guilty of grossing up
The Enforcement Committee of the General Insurance Standards Council has decided that Londonderry-based Harrison Insurance Brokers had grossed up premium.
FOS claims costs are falling
The Financial Ombudsman Service said today that the average cost of resolving a dispute has dropped from £753 three years ago to £507 (the budget figure for 2004/05).
S&P takes ERC Life off CreditWatch
Standard & Poor's (S&P) has lowered the financial strength rating of ERC Life Reinsurance from A+ (strong) to A- (strong) and removed it from CreditWatch, where it had been since 3 September 2003.
Wellington predicts rate reductions in property, airline and energy classes
Liability, marine hull and cargo still showing increases, however.
Former Marsh duo launch new consultancy
Ex-Airmic chair Taylor teams up with Clowes for start up.
Hogmanay organisers face bill after failing to arrange cancellation insurance
The organisers of the Edinburgh Hogmanay Celebrations face costs of up to several hundred thousand pounds as a result of failing to arrange cancellation insurance for the events on New Year's Eve due to adverse weather conditions, according to events…
Advice on qualifications dilemmas
Careers Clinic
Path to Success: Business Practices Analyst
Steve O'Connor, business practices analyst at Limit Underwriting, talks of his career to date
Hiscox expands in Colchester move
Hiscox Insurance Company is providing a boost to the Essex region, with the planned opening of a new...
Rising employment levels spark wage cost fears
Employment levels will rise by 250,000 next year, according to a review of HR prospects by the Chart...
Collins steps down as chairman of JLT Risk Solutions
Global broker Jardine Lloyd Thompson today announced that John Lloyd, a director of Jardine Lloyd Thompson Group plc, will take up the position of chairman of JLT Risk Solutions Limited with immediate effect.
Groupama withdraws S&P rating for run-off subsidiary Minster
Standard & Poor's Ratings Services said today that it had affirmed its 'A' insurer financial strength rating on U.K.-based Minster Insurance Co. The rating was simultaneously withdrawn at the request of the French parent company Groupama. Minster is a…
Brokers could be losing out in mortgage sales
Brokers and independent financial advisers could be losing nearly £1bn per annum by allowing mortgage lenders to sell general insurance to their mortgage clients, broker Goodfellows has claimed.
Bennetts signs deal with British Motorcyclists Federation
Bennetts, one of the UK's major players specialising in motorcycle insurance, has been selected by the British Motorcyclists Federation as its preferred broker, in a three year deal which will be effective from 1 January 2004.
Tracker reports increase in recoveries over 2003
Vehicle recovery specialist Tracker's initial audit of the year's results shows an increase in recoveries from 1319 to 1375. The value of recovered vehicles increased by 10% to £35.1m, a monthly average of £2.9m, or £96 200 per day.
XL Capital boost XLCA
Bermuda-based reinsurer XL Capital has announced that it has contributed $100m of additional capital to support the business growth of its financial guaranty insurance unit XL Capital Assurance (XLCA).
Kiln Syndicate 510 first to cover long-term war risks
Lloyd's managing agent R J Kiln & Co has announced that Syndicate 510 commenced underwriting Long-term and Domestic War on Land (LDWL) insurance on 1 January 2004.