Regulation
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
Airmic throws in FSA exemption towel
The Association of Insurance and Risk Managers has admitted defeat in its battle to secure total gen...
Taking stock
Insurance Investments
Credit hire firms take concerns to parliament
Credit-hire operators took their concerns over the poor payment record of insurance companies to par...
Mutual association supports Myners Review
The Association of Mutual Insurers, formed this week, has issued a positive collective response to the current consultation document emanating from the Myners Review of the Governance of Life Mutuals.
Saga puts IPO plan in motion but refuses to rule out sale
Over fifties insurance specialist Saga today announced plans to seek a full listing on the London Stock Exchange. However, it has still not ruled out a sale.
Brit appoints Hull underwriter
Simon Stonehouse has been appointed Hull underwriter of Brit Insurance underwriting on behalf of both Brit Syndicate 2987 and Brit Insurance with effect from 1 September.
New appointment at Converium
Converium has announced the appointment of Terry Clarke to the position of managing director.
XL Capital appoints new actuarial officer
XL Capital has announced the appointment of Mark W. Callahan as chief actuarial officer of XL's Insurance Operations.
Know your agency: A new monthly column from Post Magazine
Understanding the services and specialisms of recruitment consultancies is important. Director Christopher Dickman gives the low down on IPS Group
FSA reports over 13 000 applicants for authorisation
The FSA today reported that by the end of 3 September it had received 13282 registrations from the general insurance sector application packs and 9191 applications for authorisation.
Claims launch held over rules decision
Revamped personal injury specialist New Claims Direct has delayed its launch to December. Law firm ...