News
Aviva confident over GI performance
Aviva has reported that its first quarter combined operating ratio is in line with its target to 'meet or beat' COR of 98% and it expects to achieve the target for the year. During the quarter, weather experience has been neutral across the group as…
L&G announces support for Longevity Science Advisory Panel
L&G has announced that it is to support the establishment of The Longevity Science Advisory Panel, an independent panel of leading authorities on longevity issues.
AIG appoints new vice-chairman
AIG has said that Matthew Winter, president and CEO of American General Life Companies, has been named vice chairman, Transition Planning and Administration, reporting to CEO Edward Liddy.
FSA poised to overhaul compensation limits
The Financial Services Authority is set to press ahead with proposed changes to the compensation limits for insurance, investment and home finance advice business in the event of a firm failing.
CNA provided insurance for Madoff's former accountant- sources
Bernard Madoff's former accountant may have taken out an insurance policy with US insurance giant CNA, Reinsurance can reveal.
Zurich appoints new climate chief
Zurich Financial Services Group has appointed of Francis Bouchard as head of its climate office, effective 1 May.
Bluecycle forges links with vehicle fleet firm
Aviva-owned online salvage company Bluecycle has agreed a major contract with vehicle fleet firm Motability Operations.
Garwyn strengthens Midlands services
LOSS adjuster Garwyn has appointed Ian Lane to the newly-created role of regional manager role for the Midlands.
FSA to go ahead with compensation limits
The Financial Services Authority (FSA) has announced it will go ahead with proposed changes to the compensation limits for insurance, investment and home finance advice business in the event of a firm failing.
Renaissance Re on verge of getting permission for Lloyd's syndicate
Bermudian (re)insurer Renaissance Re, which saw rival Arch Insurance get the go-ahead for its own Lloyd's syndicate last month, is on the verge of getting permission for its new Lloyd's syndicate, sources said.
NU: Burglaries could surge 50% by 2010
The recession could cause household burglaries to increase by 50% by the end of 2009, insurance giant Norwich Union has claimed.
GAB Robins UK completes ownership transaction
GAB Robins UK's transaction to change its ownership has been completed.
RGA Q1 net income off 5%
Reinsurance Group of America, the US life reinsurer said that net income dropped 5% to $23.3 m, compared to $31.5 m in the prior-year quarter.
Chubb Q1 net income falls nearly 50%
Chubb, the US insurance giant, said that net income in the first quarter of 2009 was $341m, compared to $664m, in the first quarter of 2008, driven down by investment losses of nearly $270m.
IPC Q1 results down heavily; miss expectations
IPC Holdings reported first quarter net income of $8.3m, heavily down from $86.8m in the first quarter of 2008.
ABI warns against home insurance cuts as domestic burglaries rise
The ABI has urged homeowners not to cut back on their home insurance cover as the government published figures showing an increase in burglaries.
Apil welcomes new president
The Association of Personal Injury Lawyers has welcomed its new president John McQuater and vice-president Muiris Lyons who take up the reigns today.
Whittington Capital Management boosts management team
Lloyd's managing agent Whittington Capital Management, part of the international insurance investor and services provider Whittington Group, has appointed Julian Tighe as chief financial officer for WCM. In addition, Simon Norton has joined the company…
RSA cuts 500 jobs in Bristol
RSA has told 500 staff in Bristol that their jobs are to go by 2012.
Insurers must now focus on key priorities of Solvency II says KPMG
The Solvency II Framework Directive has now been passed by the European Parliament and the meeting of ECOFIN on 5 May is also expected to approve the regulation.
Law firm slates insurance giants over Asbestos judicial review
An application for judicial review lodged by the UK's largest insurers against Scottish pleural plaques legislation has been criticised by Thompsons Solicitors.
PB Week: Darling’s debt mountain
Watching the Budget can hardly be called fun at the best of times but when the economic statistics are this bad, it made horrifying viewing yesterday writes Andrew Tjaardstra, editor of Professional Broking .
Co-operative Insurance predicts a credit crunch crimewave
The Co-operative Insurance has predicted a credit crunch crimewave could hit the UK in the next six months.
Hartford seeking bids for property units - reports
The Hartford, one of the most venerable insurers in the US market, are seeking bids for its property insurance business, Bloomberg has reported.