Commercial
Fitch has negative outlook for Russian insurer
Fitch has affirmed OJSC Rossiya Insurance Company's Insurer Financial Strength (IFS) rating at 'B-' and national IFS ratings at 'BB-(rus)' and removed the ratings from rating watch negative. The outlook for both ratings is negative.
Ceiops warns of challenging times for underwriters if low yields continue
The Ceiops second bi-annual 2010 financial stability report has found that most insurers have solvency margins that allow for additional shock absorption capacity.
Ceiops warns of challenging times for underwriters if low yields continue
The Ceiops second bi-annual 2010 financial stability report has found that most insurers have solvency margins that allow for additional shock absorption capacity.
Santa's insurance bill reduced by £5m over two years claims broker Aon
Santa may be dusting off the sleigh, making sure the reindeer are in tip-top shape and asking his elves to put in overtime to finish off all the presents to make sure every child across the globe gets a present.
XL issues roof collapse warning
Insurer XL has warned businesses to reconsider their adverse weather risk management plans as snow continues to wreak havoc across the UK.
Tawa swoops for Oslo Re UK run-off business
Tawa has entered into a share purchase agreement to acquire 100% of the issued shares of Oslo Reinsurance Company (UK) from Oslo Reinsurance Company AS for a consideration of £4m.
Tawa swoops for Oslo Re UK run-off business
Tawa has entered into a share purchase agreement to acquire 100% of the issued shares of Oslo Reinsurance Company (UK) from Oslo Reinsurance Company AS for a consideration of £4m.
Giles CEO hails "industry leading margin" as earnings fall 13%
The Giles Group has reported that its turnover and EBITDA (excluding non recurring items) both decreased for the year ended 31 August 2010.
Brit appoints PI underwriter
Brit Insurance has named Mark Figes as class underwriter for its international professional indemnity division.
Catlin the latest insurer to up NZ quake loss estimate
Catlin has today announced an estimate of the financial impact of the 4 September 2010 New Zealand earthquake.
One in three businesses unsure of extent of cover
Some 34% of businesses are unclear if their insurance would cover every eventuality should they need to make a claim, research from Allianz has revealed.
Canopius appoints property underwriter
Canopius Group has appointed Andrew Ealey as property treaty underwriter.
Guy Carpenter and Willis join forces with Aon for oil liability consortium
Guy Carpenter and Willis Re are working alongside Aon Benfield as placement advisors to a new sudden oil spill consortium, which aims to deliver larger liability limit coverage for deepwater drilling in US waters.
Guy Carpenter and Willis join forces with Aon for oil liability consortium
Guy Carpenter and Willis Re are working alongside Aon Benfield as placement advisors to a new sudden oil spill consortium, which aims to deliver larger liability limit coverage for deepwater drilling in US waters.
Axa and Complectus launch glass insurance product
Insurer Axa and claims firm Complectus have developed a new glass insurance product for HGVs, LCVs and cars.
Bruce Stevenson wins Ofgem contract
Edinburgh-based insurance broker Bruce Stevenson Risk Management has been appointed to work with Ofgem as part of the UK government’s support for offshore wind generation.
Bruce Stevenson wins Ofgem contract
Edinburgh-based insurance broker Bruce Stevenson Risk Management has been appointed to work with Ofgem as part of the UK government’s support for offshore wind generation.
National Grid director joins Ecclesiastical board
Ecclesiastical Insurance Group has appointed Denise Wilson to its board as a non-executive director.
AM Best affirms and upgrades Ecclesiastical ratings
AM Best has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of "a" of Ecclesiastical Insurance Office (United Kingdom).
Earthquakes top reinsurance losses in 2010 according to Guy Carpenter
The earthquakes that devastated parts of Chile and New Zealand were the largest source of losses in 2010, costing the reinsurance industry $8bn (£5.07bn) and $4bn respectively, according to a new report by Guy Carpenter & Company.
Earthquakes top reinsurance losses in 2010 according to Guy Carpenter
The earthquakes that devastated parts of Chile and New Zealand were the largest source of losses in 2010, costing the reinsurance industry $8bn (£5.07bn) and $4bn respectively, according to a new report by Guy Carpenter & Company.
Heath Lambert launches emergency pet scheme
Heath Lambert has launched a new insurance scheme for vets designed to keep surgeries open during emergencies.
Axa appoints new CEO for Gulf region push
Axa has appointed of Jérôme Droesch as CEO for the Gulf region.
Axa appoints new CEO for Gulf region push
Axa has appointed of Jérôme Droesch as CEO for the Gulf region.