Personal
Appointment at Cox Lee & Co.
Walsall brokers Cox Lee & Co has recruited David Thornton as account manager. Mr Thornton was previo...
Appointment at Town & Country Assistance.
Ipswich-based motor claims handling company Town & Country Assistance has formed a new sales and mar...
UPS sued for $14bn.
United Parcel Services is facing a $14bn (£8.5bn) lawsuit from 20 customers who claim it misled them...
Full house.
Despite a rash of new entrants, John Burke finds established household insurers see barriers to innovation and competition.
All change at Velo and VMAM
Broking giant Aon has taken over the controlling interest in Velo Motor Accident Management, the acci...
PI at Crowe.
Lloyd's insurer Crowe is to start writing professional indemnity insurance and reinsurance from 1 Ja...
Stuck in first gear.
Prospects for European motor reinsurers look grim, with the current woes of the market magnified at the reinsurance level. Cameron Andrews reports.
Lloyd's forecasts losses
Lloyd's latest forecasts show that the market expected to make losses of £94m ($150m) for the 1997 ye...
Axa forms Japanese joint-venture
Axa is to take control of Japanese life insurance firm Nippon Dantai and invest up to 1.9bn euros int...
CGU ties up £125m outsourcing deal
CGU has signed a seven-year, £125m contract with IBM Global Services, which will see IBM run its data...
Bennetts buys up Sheppeard
Bennetts Insurance, the independent motor and household intermediary has acquired David Sheppeard Ins...
Big Budget buy.
City solicitor Norton Rose is acting for personal lines intermediary Budget Group on its acquisition...
Term assurance revamp by CGU.
CGU has overhauled its term assurance product. Relaunched last week, it now includes a critical illn...
Horse sense.
Many riders find out too late that they have no insurance to cover a claim against them if their horse is involved in an accident. Jackie Linehan asks if equine cover is a case for compulsory insurance.
What the Papers Say.
THE DAILY TELEGRAPH Former patients who claim their lives were ruined after being prescribed LSD ...
Don't be fooled by profits says Mitchell.
One of the most striking features of the UK non-life market's performance in 1998 was that while und...
Government slammed for failing small firms.
Ailing life insurer Reliance Mutual blasted government and financial regulators for failing to suppo...
New crop of accounts helps boost FarmWeb business.
Intermediary network FarmWeb has reaped a rich harvest representing a 27% increase in business. T...
Hiscox awarded.
A-Rating agency AM Best has awarded Hiscox Insurance a credit rating of A- (excellent) and has upgra...
Five forced into run-off.
Five Lloyd's syndicates are being forced into run-off following US insurer Unum Provident's decision...
Italy.
The Italian cabinet has approved legislation to require insurers to come up with standard motor liab...
The value of ratings.
In today's fast changing market, an insurer can gain much from a good relationship with ratings agencies. One of the most important benefits is that a rating indicates the insurer's real strength to third parties such as potential investors.
Grim prediction for Lloyd's.
Lloyd's is heading for spectacularly high losses for 1997-2000, according to rating agency Moody's. ...
Signing on the dot.com line.
The government's decision to simplify the e-commerce Bill and speed up its passage through Parliamen...