News
US regulator publishes damning report into three ratings agencies
The SEC has issued a damning report into practices at ratings agencies Standard and Poor's, Fitch and Moody’s.
ABI/government: Flood agreement in full
The Association of British Insurers and the government have confirmed that an agreement has been reached to ensure flood insurance remains widely available now and in the long term.
Cullum pulls out of takeover talks
Towergate chairman Peter Cullum has revealed that takeover talks with Norwich City Football Club have ended.
Florida Senator Blames RAA for Failure of State Cat Fund Resolution
(BESTWIRE) -- In his last meeting with the National Conference of Insurance Legislators, Florida State Senator Steven Geller failed to get a catastrophe fund and federal disaster assistance resolution passed – a resolution in which the senator said he…
ABI reaffirms commitment to Statement of Principles
The Association of British Insurers has struck a deal with the governement to continue to provide cover under the Statement of Principles relating to flood cover after a meeting on Thursday.
Aviva sells Indian BPO offering
WNS acquired all of the shares of Aviva Global Services, its business process offshoring company in India and Sri Lanka which provides back office and contact centre support for Norwich Union in the UK. The deak is worth £115m to the UK insurance group.
Insurance industry could face £28.6bn bill if Law Lords’ decision on pleural plaques is overturned
Specialist loss adjuster Garwyn has warned of the possible implications to the insurance industry following the publication of a Government consultation paper on asbestos-related condition pleural plaques.
ABI publishes new consumer guides on HIV and insurance
The ABI has today published an updated version of its Consumer Guide for Gay Men on HIV and Life Insurance, and a new Guide on countries with high HIV prevalence and insurance.
Axa expands protection website to offer advisers help selling protection products
Axa has expanded its protection website in response to demand from advisers for advice on protection products.
Zurich pulls out of RBSI bidding
Zurich Financial Services Group has confirmed today that it has been considering making a bid for the insurance business of Royal Bank of Scotland and has carried out a detailed review of the opportunities.
Iprism unveils new launch
Online SME specialist Iprism has launched a new product for brokers aimed at small to medium-sized landlords.
New Lloyd's and London market head appointed
Gavin Phillips, partner, has been appointed the new head of the London Market and Lloyd’s insurance group and a member of the UK insurance leadership team at PricewaterhouseCoopers LLP.
Axa confirms VP to absorb SBJ
Axa has today confirmed Post's story that SBJ UK becomes part of Venture Preference.
IFEX to add Florida and Gulf coast contracts
Cat futures firm IFEX has announce that the Chicago Climate Futures Exchange (CCFE) will list Florida and US Gulf Coast tropical wind event linked futures from July 11.
Equity acquires again
Equity Insurance Group has acquired Eastbourne broker, Steel & Co Insurance Brokers.
ABI: education is needed on pleural plaques
The Association of British Insurers has reiterated its stance that legislation is not the answer to the pleural plaques issue.
Homeserve in RBSI deal
Home emergency service provider Homeserve has been awarded a three-year contract by RBS Insurance to manage the insurer’s contents validation hub for all claims made on high street commodities including electrical and electronic equipment.
iprism targets landlords
Online SME comparative quote facility iprism has launched a new product for brokers aimed at small to medium-sized landlords.
PWC unveils new head of London Market and Lloyd's insurance group
Gavin Phillips has been appointed the new head of the London Market and Lloyd’s insurance group and a member of the UK insurance leadership team at PricewaterhouseCoopers.
British Insurance Awards - the winners
Over 1800 guests from across the insurance industry gathered at the Royal Albert Hall last night for the British Insurance Awards 2008. Host Rob Brydon, supported by Incisive Media group editor in chief Anthony Gould, presented the highly coverted…
Apil: plueral plaques consultation welcomed
The Association of Personal Injury Lawyers has said it welcomes the Government's decision to consult on the issue of pleural plaques.
Beerli to retire as Swiss Re makes senior board moves
Swiss Re's has appointed Stefan Lippe as deputy CEO, with the function of chief operating officer, with effect 1 September 2008. The firm's board of directors has also appointed Brian Gray to become chief underwriting officer and member of the executive…
Swiss Re board room shuffle
Swiss Re's has appointed Stefan Lippe as deputy CEO, assuming the function of chief operating officer, effective 1 September 2008.
CII launches TCF podcasts
The Chartered Institute of Insurers has launched a series of online podcasts to help the insurance i...