BRIT handed A- rating
BRIT Insurance, a wholly-owned subsidiary of BRIT Insurance Holdings, has been assigned an A- (Excellent) counterparty and financial strength rating from Standard & Poor's. The rating reflects BRIT's capitalisation and reinsurance protection. Other factors in acquiring the rating were the insurer's management team and approach to writing both catastrophe and financial risk accounts.
Independent's new web site
Independent Insurance has redesigned its web site in a bid to attract an even wider audience. The new site focuses on information, investors and jobseekers. It includes:
- Investor pages with live share prices, in-depth financial data and the facility to download reports and accounts
- Information on risk management services
- Jobseeking information for insurance professionals and graduates
- Interactive help and search
- Language translation for international sections.
Independent marketing manager Graeme Sutton said. "We're particularly pleased with the striking new design, the games in the career sections and the investor information."
THB slashes interest rates
Lloyd's broker Thompson Heath & Bond (THB) has slashed interest rates on its finance facility. The finance facility, which is operated in conjunction with Premium Credit, allows premiums to be paid over ten months. Instalments are collected by direct debit and no deposit cheque is necessary. A gross interest rate of 3.9% includes a one per cent commission override for producing brokers. THB has also streamlined processing which will enable brokerage to be paid within as little as 20 days.
Willis hosts conference
Willis Group, the risk management consultancy, is sponsoring a conference at the Jarvis International hotel in Regent's Park on February 8-9.
"Practical Implementation of the Turnbull Report" will cover:
- The redesign and frequency of the internal review process
- Acceptable levels of detail and dis-closure in reporting on risk
- Who will ensure compliance.
Anthony Carey, director, Centre for Business Performance, ICAEW and project director of the Internal Control (Turnbull) Working Party will chair the conference. The keynote address will be made by Roger Davis, deputy chairman of Turnbull and head of professional affairs at PriceWaterhouseCoopers.