News
Ceiops and CEBS publish FCD recommendations
The Committee of European Banking Supervisors and the Committee of European Insurance and Occupational Pensions Supervisors have published their recommendations for the supplementary requirements of the Financial Conglomerates Directive.
Ceiops and CEBS publish FCD recommendations
The Committee of European Banking Supervisors and the Committee of European Insurance and Occupational Pensions Supervisors have published their recommendations for the supplementary requirements of the Financial Conglomerates Directive.
FSA fines hit record high
The Financial Services Authority handed down a record-breaking £88.4m in fines in 2010 (to 20 December).
Capita lands Virgin Money contract
Capita Insurance Distribution has agreed a five-year contract to deliver the administration of home and motor policies for Virgin Money.
National Grid director joins Ecclesiastical board
Ecclesiastical Insurance Group has appointed Denise Wilson to its board as a non-executive director.
AA reports motor claims running 100% ahead of normal due to bad weather
AA Insurance has experienced one of its busiest days yesterday as snow and ice led to a 100% increase in car insurance claims, compared with a normal December Monday.
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.
Torus makes senior European appointments
Torus, the global specialty insurer, has appointed Jason Mortimer as European client relationship and business development director.
Torus makes senior European appointments
Torus, the global specialty insurer, has appointed Jason Mortimer as European client relationship and business development director.
AM Best affirms ratings of Russian Re
AM Best Europe has affirmed the financial strength rating of B+ (Good) and issuer credit rating of “bbb-” of Russian Reinsurance Company JSC. The outlook for both ratings is stable.
AM Best affirms ratings of Russian Re
AM Best Europe has affirmed the financial strength rating of B+ (Good) and issuer credit rating of “bbb-” of Russian Reinsurance Company JSC. The outlook for both ratings is stable.
Heath Lambert launches emergency pet scheme
Heath Lambert has launched a new insurance scheme for vets designed to keep surgeries open during emergencies.
Outsourcing firm enters insurance market
Nottinghamshire-based DDC Outsourcing Solutions is entering the general insurance market, following authorisation by the Financial Services Authority.
Swiss insurance giant unveils two new board members
Silvio Borner and Urs Widmer will be resigning from the board of directors of Helvetia Group at the next shareholders' meeting on 6 May 2011.
Generali confirms new Italian boss after shake-up
As part of the re-organisation of the Assicurazioni Generali Corporate Centre, the company board of directors has approved the appointment of Paolo Vagnone as country manager for Italy, with the rank of general manager.
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.
Fitch affirms German Condor's 'A+' rating
Fitch Ratings has affirmed Condor Lebensversicherung-AG's, Condor Allgemeine Versicherungs-AG's and Optima Versicherungs-AG's insurer financial strength ratings at 'A+' respectively.
Fitch affirms German Condor's 'A+' rating
Fitch Ratings has affirmed Condor Lebensversicherung-AG's, Condor Allgemeine Versicherungs-AG's and Optima Versicherungs-AG's insurer financial strength ratings at 'A+' respectively.
China floods to have “limited impact” on insurers
The worst floods witnessed in China for more than a decade are unlikely to have a significant impact on the insurance industry, Guy Carpenter has claimed.
RAA backs reinsurance reform
The Reinsurance Association of America has voiced support of the Federal License for Reinsurers Act of 2010.
Merlin pledges to fulfill claims before Christmas
Merlin has committed to ensuring any new claims received from its clients by 21 December will be offered a visit from a Merlin adjuster before Christmas, providing access roads are open.