News
LV= launches mortgage and lifestyle protection marketing toolkit
LV= has created a Marketing Toolkit to help financial advisers revisit their existing clients.
Swiss Re ratings place on review with negative implications by AM Best
AM Best Co. has placed the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings (ICR) of ¡°aa-¡± of Swiss Reinsurance Company (Swiss Re) (Switzerland) and its similarly rated subsidiaries under review with negative implications…
Aspen Re hasn't seen losses from Madoff scandal; CEO bullish on rates
Aspen Re's casualty unit hasn't seen any losses as a result of the $50bn Bernard Madoff scandal, the company's chief executive Chris O'Kane told Reinsurance in an exclusive interview.
MMC supports NY transparency decision
Marsh & McLennan, the owner of insurance broker Marsh and reinsurance broker Guy Carpenter, has applauded the New York State Insurance Department for proposing a new regulation mandating full transparency in broker compensation.
Lloyd's makes changes to Franchise Board
Lloyd's of London has confirmed the re-election of Lord Levene as chairman.
Brazilian insurance industry to remain stable
The credit outlook for the Brazilian insurance industry is stable, but there are challenges from the weaker economy, increasing price competition and earnings pressures, Moody's said.
More Than finance boss joins Close
Andrew Price is leaving his position as head of finance at RSA direct arm More Than to take up a similar position at Close Premium Finance.
AIG sells subsidiaries in Thailand
Thai bank Bank of Ayudhya Public Company (BAY) HAS said it will acquire AIG subsidiaries AIG Retail Bank Public Company Limited and AIG Card (Thailand) Company Limited.
Willis applauds NY insurance department over transparency decision
Willis has applauded the New York State Insurance Department for proposing a new regulation mandating full transparency in broker compensation.
RBS to keep its insurance businesses
The Royal Bank of Scotland has decided not to sell its insurance businesses.
Assurant FY net income drops 32%
Assurant, the specialized insurance and insurance-related products and services provider, said that net incomoe dropped 32% over the course of 2008.
Catlin in US insurance underwriting deal
Catlin Group, the international specialty property/casualty insurer and reinsurer, has said that W. Brown & Associates Insurance Services will underwrite general aviation insurance for US clients nationwide on behalf of its US subsidiary, Catlin US.
Aspen FY net income tumbles 78%
Aspen Insurance Holdings, the Bermuda-based (re)insurer said that reported full year net income for 2008 of $103.8m, compared to a net income of $489m for 2007.
Swiss Re put on Creditwatch negative by S&P after asset writedowns
Standard & Poor's has placed its 'AA-' long-term counterparty credit and insurer financial strength ratings on Zurich-based global reinsurer Swiss Reinsurance Co. (Swiss Re) and its core affiliates on CreditWatch with negative implications.
Berkshire Hathaway to invest CHF3bn in Swiss Re
Swiss reinsurance giant Swiss Re has said it will raise a further CHF3bn of capital from Berkshire Hathaway with an option for a further CHF2bn subject to market conditions.
Zurich says GI profit fell 12% in 2008
Zurich has reported that its general insurance gross written premiums and policy fees increased 4% [or 2% in local currencies] to USD 37.2 bn in 2008. It recorded a combined ratio of 98.1%. Overall the Zurich group announced a business operating profit …
Darwin Rhodes wins Aon contract
Recruitment agency Darwin Rhodes has won an exclusive contract to support staff recruitment at Aon's...
Redundancy now seen as inevitable
Every day we hear news of the increasing number of people facing the prospect of redundancy; only re...
British Insurance Awards call for 2009 CSR entries
The judges of the British Insurance Awards are calling on companies that have a corporate and social...
Study: financial training is vital for all students
The University of Manchester has published the findings of its three-year study into the effectivene...
LV= gives free CI cover to new IP customers
LV= is offering free critical illness (CI) cover to anyone taking out an income protection (IP) policy under its Flexible Protection Plan within the next three months.
Capita CEO steps down
Capita Insurance Services has announced that Mike Monaghan is to stand down as CEO of MVRA.
Non-executive directors vital in Treating Customers Fairly, says ABI
Non-executive directors have a key role in ensuring financial service firms serve their customers well, says the Association of British Insurers (ABI).
Looking back
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance ne...