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Claims

S&P downgrades Scottish Re again as liquidity crunch bites

Troubled life reinsurer Scottish Re suffered another blow as Standard & Poor's lowered its counterparty credit and financial strength ratings on its operating subsidiaries two notches, to 'BBB-' from 'BBB+'. The ratings remain on CreditWatch with…

Oxygen recruits specialists to target PI market

Broker Oxygen, the Lloyd’s accredited broking operation of the London market intermediary, has today announced it is developing a portfolio of professional indemnity business with the launch of a new broking team of PI specialists.

New MD and CFO in White Mountains reshuffle

Bermudian reinsurer White Mountains Re has announced several senior management appointments. Chuck Chokel, previously Managing Director and General Auditor at White Mountains Insurance Group, Ltd. has become Managing Director and Chief Financial Officer…

Industry bodies issue TCF guidance

In response to the regulator's ‘Treating Customers Fairly’ initiative, joint guidance has been issued today by the three leading industry associations to clarify the main areas of responsibility for insurers and brokers when selling general insurance.

RBS Insurance counter-fraud manager to head up IFB

The Insurance Fraud Bureau has announced the appointment of Sue Jones as head of unit with effect from 23rd October. Ms Jones will be leaving her role as head of counter fraud at Royal Bank of Scotland Insurance, to take up the position.

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