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Fortis reports GWP of £294m

Fortis Insurance UK reported £294m overall gross written premiums for the second quarter of 2004, an increase of 11% over the same period in 2003.

Chaucer upgraded by A.M Best

A.M. Best has assigned a syndicate financial strength rating of “A” (Excellent) to Lloyd’s Syndicate 1084, Chaucer’s flagship syndicate.

Rodilosso leaves Folgate

Julie Rodilosso has left The Folgate Partnership after less than six months with the business, reports James Salmon from Insurance Age.

Scream and Madonna insurance failure

Edvard Munch's The Scream and Madonna which were stolen from Oslo's Forsikring museum at gun point yesterday were not insured against theft. Many of the world's famous works of art are not covered for theft due to the high cost of insurance.

NAIC head quits

Ernie Csiszar has resigned as president of the National Association of Insurance Commissioners (NAIC) and as South Carolina Director of Insurance.

GISC reprimands Riding and suspends membership

The General Insurance Standards Council has suspended independent intermediary Riding’s membership following the decision that Riding failed to provide information requested by GISC after an unsatisfactory monitoring report.

Velotti joins Rosemont Re

GoshawK, the parent company of Rosemont Re in Bermuda, has announced the appointment of Stephen Velotti as senior US property underwriter.

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