Insurance Post Staff
Follow Insurance Post
Articles by Insurance Post Staff
Post pick of the week
Post reporter Louise Meeson looks at the major stories in this week's issue of Post which is published tomorrow. Top stories include: Saga-owned aggregator Confident Cover closes down; Axa Insurance consolidates 11 area branch managers into four regional…
S&P downgrades outlook on Emirates Insurance
Standard & Poor's Ratings Services said today that it revised its outlook on Abu Dhabi-based Emirates Insurance (EIC) to negative from stable in response to the heavy decline in the company's capital adequacy at Dec. 31, 2008, and the heightened…
JLT sees rise in demand for football agent product
Jardine Lloyd Thompson (JLT) has seen a rising demand for its professional indemnity insurance for licensed football agents in the UK.
Fed chief angered by AIG bailout
Ben Bernanke, chairman of the Federal Reserve, said he was angered by the AIG situation - but had no choice but to bail out the stricken insurer.
Fed Chief says was angered by AIG bail-out
Ben Bernanke, the chairman of US Federal Reserve Bank, said that he was angered by the AIG situation - but had no choice but to bail out the stricken insurer.
Compare the Market expands motor panel
Price comparison site Compare the Market has added twelve motor insurance brands to its panel in recent weeks.
Bluefin hires former Travelers marketing chief
Former Travelers marketing leader Peter Elliott has joined Bluefin Insurance Services as head of marketing.
Scor stays in black despite asset writedowns
Scor, the French reinsurance giant, recorded a net income in 2008 despite recoreding €260m of asset writedowns.
Pick of the week
Post reporter Louise Meeson looks at the major stories in this week's Post: Saga-owned aggregator Con...
AM Best maintains 'stable' outlook on global non-life reinsurance sector
Ratings agency AM Best said it is maintaining a stable outlook in 2009 for the global reinsurance sector for the third consecutive year. This current outlook implies that the majority of 2009 reinsurer rating actions are likely to be affirmations with…
Greenberg lost $2bn in AIG disaster
Hank Greenberg, the former head of AIG, said that he has lost $2bn in personal wealth as the result of the collapse of AIG.
IPC CEO says merger will not lead to job cuts
The merger between Bermudian reinsurers IPC and Max Capital will not see any redundancies and may create jobs, IPC's chief executive has told Reinsurance.
Former Network Rail insurance boss joins broker
Jardine Lloyd Thompson has appointed Ian Thompson to its new transport, engineering and water utilities industry practice group.
Howden looks to ramp up affinity with Marsh hires
Howden has boosted its affinity business with the hires of Pierre Galeon and Peter Braganza.
London market insurer enters contingency market with Scor hire
Aegis London has announced that in line with its diversification strategy, it is to start underwriting a range of contingency risks including event cancellation, adverse weather cover and prize indemnity. The new contingency team will be led by senior…
NU Risk Services founder given Aon director role
Aon Global Risk Consulting has appointed Graham Heath as director of Risk Control – UK. In this role, Mr Heath will help UK corporate clients to improve their business performance through effective management of their risks.
China Life not bidding for AIG unit - reports
China Life, the Chinese life insurance giant, said it will not bid for AIG's Asian operations, Reuters has reported.
Ace launches new property coverage
ACE Europe has today announced the launch of ACE Protect, a new property coverage aimed at companies which have installed sprinkler fire extinguishing systems in their premises.
Japan's Fuji Fire changes strategy; 600 jobs to go
(BESTWIRE) - Japan's Fuji Fire and Marine Insurance Co. Ltd. [85251] unveiled a strategic plan to rebuild its business with cost cuts, additional capital management cooperation with partners including American International Group [18540] and a shift in…
AIG collapse tied to value collapse in life sector
(BESTWIRE) The continued deterioration of American International Group Inc. is tied to the asset value collapse that is wreaking havoc across the life sector, AIG Chief Executive Officer Edward Liddy said after the company reported a record $61.7bn…
Capita snaps up LV broking arm Hero for £15m
The Capita Group has acquired Hero Insurance Services from insurance and investment group LV for a consideration of approximately £15m on a cash free, debt free basis.
Biba calls for risk based pricing in age debate
Following the launch of the Association of British Insurers’ report: Age and Insurance: Helping older customers find the cover they need , the British Insurance Brokers' Association has pledged to work with the government and trade bodies to ensure a…
S&P removes AIG from Credit Watch
Standard & Poor's Ratings Services has affirmed its supported 'A-/A-1' counterparty credit rating on AIG and its 'A+' counterparty credit and financial strength ratings on its insurance subsidiaries.
AM Best: AIG ratings remain unchanged despite $61.7bn loss
AM Best has commented that all financial strength ratings and issuer credit ratings are unchanged for AIG and its subsidiaries. The rating outlooks remain negative.