News
Appointment at The Bollington Group
The Bollington Group continues to expand with the appointment of Phil Raynor to the position of grou...
Premium First launches into commercial lines market
Premium finance provider Premium First is launching into the commercial lines market. The decision f...
Liberty sees capacity rise to £793m for 2004
Liberty Syndicates at Lloyd's has announced a 31% increase in capacity for its Syndicates 190 and 28...
GAB invests in £1m IT system
GAB Robins has put in place phase one of a £1m programme of investment in IT systems and infrastruct...
Brit confirms 389 run-off
Brit Insurance has this week confirmed its managed Syndicate 389 is being placed into run-off, after...
Moody's revises Skandia rating outlook
Moody's Investors Service has revised the rating outlook for Skandia Insurance Company from developing to stable.
IRM reports improved financial results and confirms new chairman
The Institute of Risk Management, the risk management educational body, has seen an improvement in its financial health for the year to June 2002, members were told at the AGM in London this week.
164 UK jobs to transfer to Zurich following global IT deal
The UK is the area most affected by Zurich's decision to transfer approximately 470 jobs to IBM as part of a move that will see the IT giant consolidate and manage all of its employees' electronic workplace technology.
Ace takes on former senior AIG D&O underwriter
Ace Europe has appointed Callum Taylor as senior directors and officers' underwriter with responsibility for the UK Midlands region.
ARB sets up insurer in Gibraltar
ARB Insurance Co. has begun trading in motor, commercial liability, fire, personal accident and travel insurance, with plans to underwrite up to €80m (£58m) of business.
Brokers team up to launch Anglo-Irish alliance
Source Brokers, an alliance of Irish insurance brokers focusing on the SME business insurance sector, has formed a strategic alliance with the Midland Broker Alliance.
Management shake up at Xchanging
Xchanging has reshaped the management of its London Market businesses - Xchanging Ins-sure Services and Xchanging Claims Services – and has established an Xchanging London Market Executive.
MBO approval sees birth of Canopius in Lloyd's
Talisman Holdings, the vehicle acquiring the Lloyd's interests of the Trenwick Group, confirmed today that it has completed the management buyout.
NU set to close nine broker-facing centres
Norwich Union (NU) is set to close nine regional broker-facing centres dealing with personal lines, claims and small businesses in the New Year, according to a report by Insurance Age
NEMWIL receives approval to start up Link in Gibraltar
Rubicon and NEMWIL have confirmed the sale of the issued share capital of Link Underwriting Agency has now been completed. This follows the granting of regulatory approval by the Financial Services Commission in Gibraltar to NEMWIL to form Link Insurance…
Swiss Re obtains $400m mortality coverage
Swiss Re has sponsored $400m of coverage for its first insurance-linked security relating to life insurance risk.
Airmic backs new business continuity standard
The Association of Insurance and Risk Managers has given its support to a new business continuity standard known as PAS 56.
Markel International releases client risk profiling tools
Markel International has launched coverholder profiling, a client information system which provides the insurer, its US coverholders and their brokers with detailed risk exposure profile information.
Rating agencies keep eye on Scor actions
Rating agencies Moody's and Fitch have both announced that they are taking no rating actions following Scor's announcement of a fully underwritten rights issue.
Brit appoints head for consolidated war and terroism account
Brit Insurance has appointed Nicholas Davies, as class underwriter for its new consolidated war and terrorism account. His responsibilities will encompass aviation hull war, aviation war liability, marine hull war (including war P&I), war on land as well…
Sirius launches PMI back-office system
Sirius Financial Systems has announced the launch of an integrated back-office application, targeted at the UK private medical insurance intermediaries. The Swift Health offering aims to provide intermediaries with the choice of a wide range of software…
Too soon to consider El fixed fees say APIL
Following publication of the Department of Work and Pensions' second report into the employers liability system, the Association of Personal Injury Lawyers (APIL) said it is far too soon to consider the introduction of fixed fees to work-place accident…
Airmic slams DWP report for nibbling at EL problem
The Association of Insurance and Risk Managers has reacted with disappointment to yesterday's Department for Work and Pension's report on employer's liability, claiming they do not go far enough.
£192m of staff holidays unused
A fifth of workers will fail to use up five or more of their days off this year, according to a new ...