News
Swiss Re exceeds claims budget following Japan quake
Reinsurer Swiss Re has revealed that it has already gone beyond its claims estimates for 2011 following the Japanese earthquake.
RSA names personal lines boss
RSA has appointed Mark Christer as its new managing director for personal lines.
FSA urged to reconsider financing plans
The Financial Services Authority has been urged to consider the “nature of the risk” of a firm and not just its size when implementing its funding proposals.
Zurich Ireland move beckons for Norgrove
Former Travelers Ireland vice president Ken Norgrove is poised to be named as Zurich chief executive for Ireland, Insurance Insight has learnt.
Zurich Ireland move beckons for Norgrove
Former Travelers Ireland vice president Ken Norgrove is poised to be named as Zurich chief executive for Ireland, Post has learnt.
Hannover Re anticipates €250m loss from Japan
Based on its analysis of individual treaties, Hannover Re currently anticipates a burden of losses in the order of €250m after retrocessions and before taxes.
Hannover Re anticipates €250m loss from Japan
Based on its analysis of individual treaties, Hannover Re currently anticipates a burden of losses in the order of €250m after retrocessions and before taxes.
Esure dumped as RBSI lands Sainsbury’s insurance deal
Royal Bank of Scotland Insurance has won a multi-million pound contract currently held by Esure to provide motor insurance for Sainsbury’s, Post has learnt.
Margaret Cole set to oversee top regulatory conduct role
Margaret Cole, currently the director of enforcement at the Financial Services Authority, is set to temporarily become head of the Financial Conduct Authority – one of two new regulatory bodies to be formed in April.
Munich Re Japan quake exposure to reach €1.5bn
Munich Re has estimated losses of €1.5bn (£1.3bn) from the Japanese earthquake.
Munich Re Japan quake exposure to reach €1.5bn
Munich Re has estimated losses of €1.5bn (£1.3bn) from the Japanese earthquake.
KBC chooses SAS for central groupwide risk reporting
New solution will help KBC meet and implement current and future risk reporting requirements as well as Solvency II guidelines.
KBC chooses SAS for central groupwide risk reporting
New solution will help KBC meet and implement current and future risk reporting requirements as well as Solvency II guidelines.
SME businesses to access short term government credit insurance
An increasing number of SME businesses are now eligible to apply for short term credit insurance from ECGD, the UK export credit agency.
Nuclear leak insurance impact “too early to be known”
It is still too early to assess the full impact of the Fukushima Dai-ichi incident on nuclear insurance rates, Jardine Lloyd Thompson has claimed.
Fitch: Solvency II impact “not as bad” as expected
Fitch Ratings has said the impact of Solvency II on insurers’ capital positions will be less significant than originally forecast.
Fitch: Solvency II impact “not as bad” as expected
Fitch Ratings has said the impact of Solvency II on insurers’ capital positions will be less significant than originally forecast.
FSA funding requirement rises 10% for 2011/12
The Financial Services Authority has set out its business plan detailing its priorities for 2011/12, which reveal a 10.1% increase in funding from £454.7m to £500.5m.
Zurich brings new product to the party
Zurich has launched specialist insurance cover for the Royal Wedding.
Amlin Corporate CEO to step down
Amlin Corporate Insurance chief executive Patrick Coene is to stand down on 30 June.
Amlin Corporate CEO to step down
Amlin Corporate Insurance chief executive Patrick Coene is to stand down on 30 June.
Allianz backs government health and safety plans
Insurer Allianz has welcomed government plans to reduce health and safety red tape for lower risk SME businesses.
Bullied Axa employee wins £142k payout
A Brazilian office worker has been awarded £142,000 in compensation after suffering abuse from colleagues at the Axa’s office in Tunbridge Wells, Kent.
CBG to develop schemes to combat revenue slump
CBG has reported a drop in revenue to £7.71m (2009: £8.96m), which, adjusted to add back exceptional operating and non-operating expenses, amortisation, and share option charges, produced a result of £1.17m (2009: £1.39m).