Commercial
Be prepared.
Some insurers are still slow in responding to emerging risks. Among those who realise their potential impact, Adrian Leonard finds two clear courses of action: underwrite with the help of experts or exclude.
Information interchange.
Internet technology is providing reinsurers with ways to share information both internally and externally. Roger Crombie reports.
Max Re hits $400m mark.
Bermudian start-up reinsurer Max Re had raised over $400m towards its target capitalisation of $600m...
Lloyd's North American success.
Lloyd's was facing its final battle with Names in the UK courts last month (see comment on p5), but ...
XL holding company for London.
Bermudian insurance group XL Capital is putting its (re)insurance operations outside the Americas an...
Jardine Lloyd Thompson benefits from ART boost.
Jardine Lloyd Thompson (JLT), the UK-based broker, has reported a 60% increase in its revenue from a...
Wren-managed syndicates made losses.
Two out of the five Wren-managed syndicates made losses in 1997, the Brit Insurance subsidiary has a...
US insurer pays £1bn for Gartmore
Ohio-based insurer Nationwide Mutual has outbid CGU to buy fund manager Gartmore. It has agreed to ...
Damages seminar.
Property damage experts Munters is sponsoring a seminar on 'Implementing Property Damage Claims into...
Brokers damn insurers as ill-informed in poll.
Insurers are unknowledgeable and uncontactable according to brokers. NIG polled brokers on its so...
Marsh's Web plans.
Marsh has unveiled plans for a new online service aimed at the small to medium-sized business sector...
RSA: Allianz and Zurich say 'no' after due diligence.
Allianz and Zurich have both said 'no' to Royal & Sun Alliance following due diligence undertakings,...
Four steps to Internet heaven.
Richard Copley of CSC set out a four-stage development process for Internet-based business developme...
Director pleads guilty to fraud.
Andrew William Hill, sole director of broker Denis Hilton, has pleaded guilty to a charge of fraudul...
Limit to merge.
Lloyd's insurers Limit and Wellington are in merger talks which would create the largest integrated ...
Exclusive - Indy to issue Net directive.
Independent Insurance will tell its brokers at its road shows next month that using the Internet cou...
PMSC launches consultancy.
IT specialist PMSC has created a new consultancy group aimed at assisting business to deliver insura...
Insurers sign up to use e-language.
Nine insurers have signed up to a new language standard championed by Origo, the body responsible fo...
Words must be backed up with action.
Anthony Gould and David Worsfold report on last week's Post Magazine management conference, Insurance 2000, Customer Focus: Myth or Reality?, sponsored by CSC Financial Services Group and Berrymans Lace Mawer.
Mutual plays down carpetbagger talk.
Scottish Provident has denied rumours it is to face a demutualisation vote at its May annual general...
Axa in buyout talks with Sun Life & Provincial.
French insurance giant Axa is set to move closer to establishing a single global insurance brand wit...
100 lawyers for RSA.
Royal & Sun Alliance plans to recruit 100 in-house lawyers this year in a drive to reduce its claims...
Appointment at Aon Consulting.
Allen Brown has been appointed as e-commerce manager for Aon Consulting. He will be based at the com...
Fleet training firm aims to cut claims.
The government's Road Safety Strategy has spawned the birth of a new risk reduction company. Risk...