Regulation
SVB claims provision to be tested by November
The £103m claims provision set aside by Lloyd's insurer SVB could be tested in November if the outco...
Appointment at XL Capital
XL Capital has appointed Mark Callahan as chief actuarial officer of its insurance operations. Mr Ca...
Seeing is believing
Conference Preview
Deadline sparks CFA fears
Regulations governing conditional-fee arrangements will be implemented in March next year, but lawye...
ABI hails House of Lords report
The Association of British Insurers has welcomed a House of Lords report on gender in insurance, whi...
Trade body's mutual benefits
And so the embattled UK mutual insurance sector has a new trade body aimed at representing its aims ...
Network reveals global ambition
Beachcroft Wansbroughs is set to launch a global legal network to cater for international insurance ...
S&P affirms ERC rating
Standard & Poor's has affirmed its 'A+' (strong) counterparty credit and financial strength ratings on Employers Reinsurance and affiliated insurance/reinsurance entities (collectively ERC). The outlook remains negative.
Misys steps up business continuity solution
IT solutions firm Misys has formed a partnership with Taradale Consultancies to extend the business continuity solution for brokers it launched in June this year.
NIG offers IT security to partners
NIG has teamed up with IT specialist Cyber Protect to offer an IT security and business continuity consultancy service to NIG’s personal and commercial lines partner brokers.
US property and casualty industry makes £5bn profit
The US property/casualty industry recorded an underwriting profit of nearly $9bn (£5bn) during the first six months of 2004, a substantial gain from the comparable period of 2003, according to a report by AM Best Co.
A.M. Best affirms ratings of Lloyd’s Syndicate 382
A.M. Best Co. has affirmed the Best’s Syndicate Rating of A (Excellent) and the issuer credit rating of “a+” of Lloyd’s Syndicate 382, which is managed by UK’s Hardy Underwriting Agencies.
CII awards Ashworth Mairs accreditation
Loss adjuster Ashworth Mairs Group has been awarded continuing professional development accreditatio...
Playing to Win
Talent Management
Cox review sees closures and prospective sale
Lloyd’s motor insurer Cox today reported a £13.7m profit on ordinary activities for the six months ended 30 June, down from £28.3m in 2003. It also announced the reults of a review which will see it discontinue its premium financing arm (Can Do Finance),…
Gender Bill compromise hits snag
The European Gender Equality Directive reached a stalemate last week that could last for at least th...
Marine underwriting warning
Marine hull underwriters are severely underpricing risks, according to Simon Beale, current chairman...
Mutual pressure
Mutuals
Secondary sector numbers are still cause for concern
The latest figures from the Financial Services Authority do little to ease industry fears that the s...
Aon removes Converium amid pool fears
Global Aerospace plans to change the composition of its security, amid concerns from policyholders a...
Knocking on reform's door
Auditor Liability
CSC gears up for OFT
The Claims Standards Council will submit its draft regulatory proposals for claims management compan...
Biba urges brokers to end relations
The British Insurance Brokers' Association has reiterated its warning to brokers that they must end ...
Before the event
Conference Preview