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New UK fraud figures show alarming increase
In the wake of alleged dubious selling practices from the notorious claims manager The Accident Group, a recent study has concluded that at least a third of all claims against local councils may be fraudulent or exaggerated.
18 August 2003
Allmerica double profits
US insurer Allmerica Financial Corp, announced last week that second quarter profits had more than doubled on the back of strong growth in the company's property and casualty segment.
01 August 2005
Profitable Allianz prepares job cull
Despite announcing third quarter net profits up 69.7 percent to EUR794mn on the prior-year period, German insurance giant Allianz is reportedly still preparing to slash thousands of jobs, as the company continues to restructure its operations.
14 November 2005
Salem to face witch hunt
Norman Salem, the former Reliance underwriter and manager of US mga Global Managers, has upset various Lloyd's syndicates including Alleghany after large losses on his Legion fronted US energy and engineering account.
01 May 2001
JLT replaces finance chief
Jardine Lloyd Thompson Group plc - the broking group in talks to take-over UK rival Heath Lambert Group - is to appoint a new finance director.
10 July 2006
HCC restructures life/health operations
Houston Casualty Company has merged its medical stop loss and group life insurance underwriting agency, HCC Benefits Corporation, into its life insurance arm, HCC Life Insurance Company (HCC Life).
24 January 2005
WR Berkley uncovers ‘inappropriate’ practices; Delphi reveals employee suspensions
The US insurer WR Berkley revealed last month that it had uncovered evidence of “inappropriate solicitation practices” as part of its internal investigations into the group’s business practices.
04 January 2005
QBE sets standard with record profits
Australian insurance company QBE announced record after tax 2004 profits of A$820mn last Thursday (24 February), an increase of 43 percent on the A$572mn it made in the previous year.
28 February 2005
Cremer appointed Allianz Global underwriting role
The UK arm of Allianz Global has appointed Philipp Cremer to the director of underwriting role, replacing the recently promoted Doug Pennycuik.
08 August 2005
Coleman leaves GRM
Art Coleman has left run-off specialists Global Resources Managers (GRM) to set up his own operation, taking a number of colleagues with him, Insider Week understands.
15 August 2005
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