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S&P: Negative outlook for US P/C sector
The decision reflects “the ongoing decline in pricing for commercial lines and decreases in investment income”.
QBE ratings stable after PMI announcement – Moody’s
Moody's Investors Service has affirmed its A3 issuer rating of QBE Insurance Group Limited following the announcement of its proposed acquisition of PMI Australia and PMI Asia for approximately A$1bn.
QBE to buy PMI’s Australasian units for $901m
QBE Insurance has agreed to buy the Australian and New Zealand operations of US mortgage insurers PMI for a total of A$1.027bn ($901 million).
Speed limits should be slashed, says insurer
Spanish government proposals to cut motorway speed limits to 50mph and town speeds to 25mph should be adopted in the UK, according to Yes Insurance.
Arista appoints senior underwriter
Commercial lines underwriter Arista has appointed Jim Morrison as a senior underwriter to provide technical expertise to its Northern based brokers.
Lloyd's insurer appoints new head
Canopius Managing Agents has appointed Stephen Thompson as head of Lloyd’s service company, Impact Underwriting with immediate effect.
DSA and MIA team up with industry for premium discount scheme
The Driving Standards Agency and the Motorcycle Industry Association have teamed up with motorcycle insurance companies to offer discounts to all qualified bikers who successfully take part in the new 'Enhanced Rider Scheme' (ERS).
Canadian life reinsurer gets the go-ahead
Aurigen Reinsurance Company has received regulatory approval
Pick of the week
Reporter Alwynne Gwilt and editor Jonathan Swift look at the major stories from the general insurance...
Canopius names Thompson to head Impact
Canopius Managing Agents has announced the appointment of Stephen Thompson as head of Lloyd’s service company, Impact Underwriting Limited, with immediate effect.
Companies advised to increase contact with consumers
Life & Pensions companies could see incomes drop significantly in the coming months if they neglect consumer contact, warns consultants Practical Change People (PCP).
Barbon lays foundations of construction push
Barbon Insurance Group has shown its commitment to entering the construction market with the recruit...
Cega reveals twin targets
Third-party claims administrator and emergency assistance provider Cega is to target personal accide...
Allianz unveils new Hastings deal after Equity broker win
Allianz is to provide family legal expenses cover to Hastings Direct's home insurance customers. As...
Greenbee sets sight on sites
Greenbee, the insurance partner of John Lewis and Waitrose, is in discussions with several aggregato...
Argo net income up 30%
First half net income at Bermudian reinsurer Argo Group jumped by 30%. However it recorded first hal...
Broker revenues up
Marsh and McLennan's risk and insurance businesses recorded revenue of $1.4bn (£736m) in the second ...
Player in record PI payout
This week's High Court decision to award a promising young footballer £4.5m, said to be the highest ...
What the papers said this week
Weston and Somerset Mercury A report stating the pier owners cannot afford to rebuild Weston's ...
Primary PI/D&O launch
Primary General has ramped up its offering with two new products. The professional indemnity and dir...
Heath Lambert claims "prestigious client list" boost
Heath Lambert's trading profit for operations is up by more than 8% to £9.2m in the first six months...
Appointment at Allianz
Allianz Engineering has promoted Daniel Rowlandson to Midlands technical and operations manager. He ...