Insurer
Benchmarking important to market, claims Coomber
Benchmarking is an important tool to use in the current market, according to John Coomber, chief executive of Swiss Re.
Groupama appoints new claims director
Groupama Insurances has announced the appointment of Graham Gibson as claims director with responsibility for the technical integrity and operational effectiveness of the UK Group's claims operations. The appointment is subject to the usual FSA approval.
LMA committee chairman calls for better industry efficiency
Dane Douetil, chairman of the Lloyd’s Market Association’s Market Processes Committee has stressed the critical impact on loss ratios that could result from initiatives to improve the efficiency of insurance markets globally.
Illium in claims boost
Lloyd’s liability syndicate Illium has appointed John Craig as claims director.
Willis to purchase £33m Irish broker
Broker Willis has reached agreement in principle to acquire a majority shareholding in Coyle Hamilton, rebranding it Coyle Hamilton Willis, and merging Willis' existing Irish operations into the group.
Former Lloyd's CEO and Marsh UK boss nominated for new roles
The Institute of Financial Services has announced that former Lloyd’s chief excutive Ron Sandler has been nominated to become its next president from October this year.
Centrica in 'preliminary discussions' to sell the AA
Centrica has confirmed that it is in early talks to sell breakdown association the AA in a deal estimated at £1.5bn.
Allianz Cornhill restructure set to result in job losses
Following an internal review, Allianz Cornhill has decided to restructure its operation. With immediate effect, general manager, Rüdiger Schäfer will head a new integrated and streamlined management structure covering brokers, affinity partners and…
Cobra in RSA tie up
Cobra, the independent commercial broking alliance, has announced that Royal & Sun Alliance has joined its panel with immediate effect.
Norwich Union in new property outsourcing deal
Land Securities property outsourcing business, Land Securities Trillium, has today agreed a major deal with Norwich Union to manage and improve its core occupational estate.
Rudolph Guliani speaks on terrorism risk
Former Mayor of New York, Rudolph Guliani, in a speech to the attendees of the World Insurance Forum in Bermuda, said that the insurance industry must help the private sector to address the issues of security and business continuity in order to be ready…
Heath Lambert to cut jobs in London move
Heath Lambert is to move part of its risk processing operation from Swindon to its London headquarters.
Cooper Gay opens Alabama office
Cooper Gay Group has opened a new office in Birmingham, Alabama, to complement an already existing wholesale insurance network in North America.
Dramatic rise in absence figures
Workplace absence has increased for the first time in five years, according to a recent report. A s...
Smart and Cook swoops for two brokers
Smart and Cook has made two new acquisitions, taking its current total this year to five.
Lloyd's management receive substantial bonuses
Lloyd's of London increased chief executive officer Nick Prettejohn's pay by 33% in 2003, as profits more than doubled.
PartnerRe authorises share repurchase
PartnerRe has announced that its Board of Directors has approved the company’s repurchase authorisation for a total of up to 5 million common shares.
RSA announces three-year charity partnership with Samaritans
Royal & SunAlliance has announced a donation of £750 000 to The Samaritans – the emotional support charity – as part of its ongoing commitment to the education and welfare of young people in the UK.
NIG set to snap up Congregational & General business
Congregational & General Insurance has announced it in final negotiations to transfer the renewal rights of its general commercial book of business to NIG.
Levene predicts Spanish premium growth
Lloyd's has announced the appointment of David Battman as Consejero Delegado (Managing Director) of Lloyd’s España, its first full-time representative in the Spanish market.
New business rises for Aviva
Aviva said its profit margin climbed in the first quarter as new business rose 1% on improving sales in the UK and continental Europe.
New look for Groupama launched
Groupama Insurances will adopt a brand new logo and corporate style from 1 May.
Willis reports modest rate increases in some lines
International broker Willis today reported that revenues grew 20% to $665m (with 9% organic growth) during the first three months of 2004. Net income for the quarter ended 31 March 31was $148m, or $0.87, compared with $117m, a year ago.
Admiral confirms flotation plan as profits hit £71.2m
Motor insurer the Admiral Group, which today reported an increase in profits to £71.2m for 2003 — a rise of 29% on 2002, has confirmed plans to seek a Stock Exchange listing this autumn.