News
FSCS faces £60m in extra payouts
The Financial Services Compensation Scheme could face £60m in extra payouts relating to the collapse...
Arthur J Gallagher & Co acquires Connor Hale Kerslake
US broker Arthur J Gallagher & Co has acquired Lloyd's broker Connor Hale Kerslake for an undisclose...
Australian blow for DVT claimants
Air travellers seeking compensation for blood clots allegedly related to international flights have ...
Axa to appeal cancelled cover decision
Axa may appeal the decision of the Cologne district court last month that the insurer's cancellation...
Appointment at Omni Whittington
Omni Whittington Group has appointed three directors to the board of Reliance National Insurance Com...
Appointment at Markel International
Stuart Willoughby has joined Markel International as claims director. He will be responsibile for ma...
Heath Lambert restructuring now complete
Broker Heath Lambert Group has completed the financial restructuring it announced in November (PM, 1...
Run-Off Solutions formed by members of ASP
The Association of Insurance and Reinsurance Services Providers has formed Run-Off Solutions. The co...
Birthday wishes
The FTSE 100 celebrated its 20th anniversary this week with only two of the original 10 insurers fea...
Insurers fear environmental liability rules
Insurers have expressed concern about a compulsory environmental liability market being forced on th...
Rating agency Fitch affirms Axa group's strength
Rating agency Fitch has affirmed the Axa group's major insurance entities' Insurer Financial Strengt...
Appointment at Kennedys
City-based law firm Kennedys has promoted two of its senior assistants to partner. This brings the n...
MMA looks to new distributors
Broker-focused insurer MMA is planning a significant expansion of its distribution strategy in 2004,...
SHW start-up launch on target
Lloyd's broker Sterling Hamilton Wright insisted this week it is on target to launch a new insurer -...
Stocks boost Lloyd's support
Lloyd's £14.9bn capacity for 2004 has mainly been achieved through backing for quoted Lloyd's stocks...
Groupama Insurances appoints Steven Blake
Groupama Insurances has appointed Steven Blake, who joined Groupama in 1999 from Guardian Royal Exch...
Appointment at Hogan & Hartson
International law firm Hogan & Hartson has promoted five partners and two counsel in Europe. An addi...
MBNA mooted as possible suitor for Premium Credit
MBNA, the US credit card giant, is the leading bidder to buy Premium Credit, for around £200m, according to newspaper reports.
Marsh warns over Civil Contigencies Bill
Broker Marsh claims the Civil Contingencies Bill, published today, is one of a number of drivers that are bringing business continuity planning to the forefront of management thinking.
Scor share offer successful
Troubled French reinsurer Scor has said that the capital increase it announced in December 2003 has been successful.
XL provides funds for subsidiary
XL Capital has contributed £55m of additional capital to support the business growth of its financial guaranty insurance unit, XL Capital Assurance.
Broker offshores 200 jobs to South Africa to aid UK expansion
Broking group Budget has announced that it is opening a new contact centre in South Africa. It will be located at Knowledge Park in Century City, Cape Town and is scheduled to open in June 2004.
Fusion doubles capacity for 2004
SVB subsidiary Fusion Insurance today announced a double increase in capacity for 2004.
Benfield increases ISB stake
Reinsurance broker Benfield has announced that its US subsidiary Crawley Warren has bought an additional 43% of the share capital of International Space Brokers (ISB). Benfield now owns 86% of ISB's issued share capital.