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Royal & Sun Alliance to cut over 1500 jobs; shares rise
UK general insurer Royal & Sun Alliance has unveiled plans to cut over 1500 jobs in an efficiency drive that will save the group £130mn in annual costs.
19 June 2006
Brit business development appointment
Brit Insurance Holdings PLC announced today (19 June) the appointment of Graham Taylor to its business development unit, which is headed by Richard Webster, business development director.
19 June 2006
HIH schemes approved by UK court
The schemes of arrangement for four HIH companies were approved in the UK High Court on 12 June. The schemes became effective on 13 June 2006 when the Court Orders were lodged with Companies House.
19 June 2006
Moody's not expecting rating actions from Solvency II
Ratings agency Moody's has said it does not expect the introduction of the EU's Solvency II regulation to cause widespread ratings actions.
19 June 2006
Omega upbeat; appoints new broker
Omega Underwriting Holdings plc was the latest Lloyd's based insurer to paint a bright picture of its trading prospects at the company's annual general meeting today.
19 June 2006
Guy Carpenter confirms Spiller appointment as CEO
Guy Carpenter & Co confirmed last week the appointment of David Spiller as its group chief executive, replacing the long-serving Salvatore Zaffino.
19 June 2006
New AIRMIC chair to focus on SMEs
The new chairman of The Association of Insurance and Risk Managers (AIRMIC), Geoff Taylor, has pledged to make small and medium (SMEs) firms a priority during his tenure.
19 June 2006
AM Best International parts company with head
AM Best has suffered the departure of another senior executive from its international operations, Insider Week can reveal.
19 June 2006
Allianz set to unveil restructure; job losses likely
German insurance giant Allianz has said it will announce plans for a significant restructuring later this week in a move that is likely to lead to job losses.
19 June 2006
FP Marine Risk becomes first Lloyd's Asian broker
FP Marine Risks Limited has become the first Asian-based insurance broker to achieve full accreditation at Lloyd's.
19 June 2006
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