Claims

Late payment on the increase in all industry sectors

Companies now take 60.8 days to pay their bills – the longest time since the introduction of The Late Payment of Commercial Debts (Interest) Act six years ago. According to Experian, in November 1998, it took companies an average of 57.5 days to pay…

ABI urges TUC action over EL claims

The Association of British Insurers today urged the TUC not to ‘sit on the sidelines’ in the reform of workplace compensation. The insurance industry trade body also expressed disappointment at the TUC’s recent decision to pull out of the Government’s…

No change in Cathedral rating

A.M. Best has affirmed the Best’s Syndicate Rating of A (Excellent) and issuer credit rating (ICR) of “a” of Lloyd’s Syndicate 2010, managed by Cathedral Underwriting Limited.

S&P withdraws CRP ratings

Standard & Poor's (S&P) has affirmed its 'BBB+' insurer financial strength ratings on two subsidiaries of French reinsurer SCOR: Bermuda-based Commercial Risk Reinsurance and Vermont-domiciled Commercial Risk Re-Insurance (collectively, CRP) and then…

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