News
AM Best warns insurers could face no-win situation
Insurers could be facing a no-win situation, as many struggle withtheir risk-adjusted capital levels...
Standard & Poor's affirms ratings on Hannover Re (Bermuda).
Rating agency Standard & Poor's has affirmed its 'AA-' counterpartycredit and financial strength rat...
Capital squandered on fixing mistakes
Capital-raising exercises among insurers are mainly being squanderedon patching up previous manageme...
Alice Schroeder delivers scathing attack
US insurance analyst Alice Schroeder delivered a scathing attack onthe insurance industry this week,...
FSA managing director to resign
The Financial Services Authority managing director of risk andregulatory processes Carol Sergeant is...
Monument UK appoints Tim Smyth as managing director
Lloyd's broker Monument UK has appointed Tim Smyth as managingdirector from 1 November 2003. He join...
Appointment at Henmans
Henmans insurance litigation teams are retaining three trainees whohave just qualified. They are Ale...
Appointment at Glencairn
John Phillips has been appointed as a partner in the reinsurancedivision at employee-owned insurance...
FSA managers in restructure
The Financial Services Authority has unveiled a reorganisation of itsstructure with a new business u...
Capita recruits senior figures
Capita Insurance Services has recruited several senior figures,formerly with three of the UK's leadi...
Action needed over work-related motor accidents
Leading insurers have called on the rest of the industry forcollective action over the high incidenc...
Appointment at Helix UK
Helix UK has recruited Richard King and Janet Pearson. For the past12 and 18 years respectively, Mr ...
Appointment at Thompson and Bryan
Loss assessor Thompson and Bryan has appointed Derek Lamb to itsboard of directors. One of the compa...
KGM implements EDI across all business lines
Lloyd's syndicate KGM has implemented EDI across all of its businesslines, after adding motorcycle a...
ABI welcomes review of FSMA impact
The Association of British Insurers has welcomed the review of theFinancial Services and Markets Act...
Aon's down-sizing sees more job cuts
Aon's down-sizing continued apace this week after it confirmed 35redundancies had occurred in the wa...
Wellington terminates loan arrangements
Lloyd's insurer Wellington has terminated its loan arrangements withPremium Trust and private invest...
WTC boss to run-off Goshawk
Jeremy Pinchin, head of reinsurance and claims at Lloyd's, isexpected to be appointed by the market ...
Gerling NCM and Creditek launch new service
Credit insurer Gerling NCM - soon to be renamed Atradius - and creditmanagement specialist Creditek ...
Markel plans push into Italy and Spain
US insurer Markel is considering opening offices in Italy and Spainas the latest stage in its Europe...
Aviation law firm sees major management shake-up
Aviation insurance law firm Beaumont and Son has undergone a majormanagement reshuffle. Neil McGilc...
Aspen Specialty recapitalises
Boston-based Aspen Speciality, a subsidiary of Aspen InsuranceHoldings, has recapitalised to $100m (...
Litster leaves Groupama for career break
Groupama's underwriting and pricing director Maggie Litster hasdecided to take a career break and wi...
ALM forecasts 20% pure-year profits
The Association of Lloyd's Members has forecast pure-year profits forLloyd's of 20% of capacity for ...