Insurer
Terrorism insurance solution launched
White Rock, the Aon-owned provider of protected cell companies (PCCs), has formed White Rock Insurance (Europe) PCC to provide corporate insurance buyers with more flexibility and choice around their purchase of terrorism cover.
RBSI warns of pressure on motor pricing as it adds over 500 000 new policyholders
Royal Bank of Scotland Insurance’s contribution to the group increased by 6% or £25m to £435m for the half year ended 31 June, reflecting what it described as “good volume growth and expense control in a very competitive market”.
Cobra network membership passes 80
Broker network Cobra, has announced that membership has risen to 80 following the addition of nine new members in the past three months.
Mina promoted in Marsh restructure
Marsh has promoted Patrick Mina to the newly-created role of head of international client and market services.
Finsure appoints new boss
NIG's premium finance subsidiary, Finsure has appointed Trevor Brittain as managing director.
Sabre Insurance founder honoured at CII
In celebration of his 75th birthday, a Sabre Insurance Company stained glass window was unveiled by Sabre’s founding chairman Alan Turner in the museum of the Insurance Hall in Aldermanbury.
Moody’s eyes possible American Re upgrade
Moody's has placed the A2 insurance financial strength rating of American Re-Insurance Company and the A3 senior debt rating of American Re Corporation on review for possible upgrade.
Fitch downgrades Munich Re
Fitch Ratings has downgraded Munich Reinsurance Company's Insurer Financial Strength (IFS) and Long term ratings to 'AA-' (AA minus) from 'AA'.
Hiscox announces US expansion and new president
Hiscox has announced the appointment of Ed Donnelly in the newly-created position of president of Hiscox USA. Mr Donnelly will report to the director of underwriting, Robert Childs, and be based in Armonk, New York.
Groupama reveals healthcare distribution strategy
Groupama has released the initial conclusions of its review of healthcare distribution, saying it will expand into the sector.
Halifax Bank of Scotland issues share options to staff
Halifax Bank of Scotland has issued a £54m tranche of share options to full-time employees, as a loy...
Creechurch swipes Limit marine team
Lloyd's managing agent Creechurch Underwriting has appointed marine and energy underwriters Stephen Gargrave and Steve Warren to its syndicate 1607.
Axa swoops for NIG senior figure
Axa has appointed Carol Anne Stewart as senior technical surveyor trainer with immediate effect.
Layton Blackham weighs in for Anchor (UK)
Layton Blackham has acquired the share capital of Anchor (UK), a broker and IFA which operates from four UK offices centered on Milton Keynes.
Hiscox opens broker roadshows
Hiscox brokers across the UK will this week take part in a series of road shows staged by the specialist insurer.
PI management appointment at Creechurch
David Hunwick has been promoted to manager of professional indemnity underwriting, at Creechurch's Lloyd's syndicate 1607.
Allianz Cornhill 1st quarter profits rise despite falling volume
Allianz Cornhill this morning reported operating profts of £50.2m (2004: £46.5m) for the first quarter of 2005, while its gross general business income fell to £434m (2004 £463.7m). The insurer’s combined ratio improved to 94.7% (92.2%).
Steve McGill to head up Aon business
Aon has appointed Steve McGill, former JLT CEO, as CEO of a new global large corporate business unit aimed at the largest global corporations.
NU: Hodges steps up as Wallace steps down
Norwich Union has confirmed that intermediary business director Ken Wallace will finally retire in September this year.
RSA: McIntyre in as Boyle goes
Royal & Sun Alliance has today confirmed that Bridget McIntyre will become UK chief executive and a main board director subject to regulatory approval. Her appointment follows UK chief executive Duncan Boyle's decision to retire from RSA after 32 years…
Aviva receives 56.8% issued share capital of RAC
Aviva has announced that it has received valid acceptances to a total of 67,495,276 RAC ordinary shares representing approximately 56.8% of the issued ordinary share capital of RAC.
Willis looks to the East
Willis Group Holdings has announced that it has acquired the remaining 30% of the shares it did not already own of Willis Polska, its Polish subsidiary.
US asbestos bill faces committee battle
The authors of a US bill to compensate asbestos victims have said that they are confident it would attract enough support to advance to the Senate floor and beyond, despite opposition in both parties.
DTI: union membership fell by 36,000 in 2004
The number of employees who are members of unions has decreased, according to a new report from the ...