News
Zurich launches competition to redesign its headquarters
Zurich Financial Services Group has launched a competition for architects to redevelop its global headquarters in Zurich.
Allianz's 'AA-' IFS rating affirmed
Allianz SE has had its insurer financial strength rating and long-term issuer default rating affirmed at 'AA-' by Fitch
European Commission offers equality guidance to insurers
The European Commission has today adopted guidelines to help the insurance industry implement unisex pricing, after the Court of Justice of the European Union ruled that different premiums for men and women constitute sex discrimination.
Rate decreases still achievable despite record nat cats, Marsh says
Global insurance rates continued to climb in most loss-affected geographies and classes of business in the fourth quarter of 2011, but rate decreases are still achievable in many lines of business, according to a report by Marsh.
Record cat losses spark two speed market, claims Marsh
Rate decreases remain possible in many lines of business despite the fact that the fourth quarter of 2011 witnessed rising global insurance rates in most loss-affected territories and classes of business.
JLT appointed to manage new mortgage indemnity scheme
Jardine Lloyd Thompson has been appointed by the Home Builders Federation to manage and develop the newly introduced mortgage indemnity scheme, which will see mortgages on new build homes underwritten by house builders and the government.
Survey finds concerns with supply chain insurance
Commercial insurance buyers generally want better insurance products to cover their supply chain risks, a survey by the Federation of European Risk Management Associations has found.
End of Year Quiz 2011: Faces from the past
It is that time of the year when the Post team give their desks a sort out and tidy.
Post Blog: Restoration consternation
There was a time when damage restoration was held in high regard. Those repairing buildings after fire or flooding delivered excellent customer service and savings for insurers.
Ferma members voice concerns over supply chain management
Commercial insurance buyers generally want better insurance products to cover their supply chain risks, a simple survey by Ferma has confirmed.
Labauan Re warned over rated action due to Thai flood losses
AM Best has placed under review with negative implications and affirmed the financial strength rating of A- (Excellent) and issuer credit ratings of “a-” of Labuan Reinsurance.
Fitch positive on Tokio Marine's Delphi swoop for enhancing overseas earnings
Fitch Ratings has said that there will be limited immediate impact on Tokio Marine & Nichido Fire Insurance, a core company in Tokio Marine Group, from Tokio Marine Holdings's proposed acquisition of Delphi Financial Group.
22 December: O Christmas tree
Artificial or real? It’s a decision that needs to be taken over the Christmas tree, and most people have a preference.
AM Best warns of a reduction in ARIG's capital, but affirms rating
AM Best Europe has today affirmed the financial strength rating of B++ (Good) and issuer credit rating of “bbb+” of Arab Insurance Group. The outlook of both ratings remains stable.
Guernsey financial services body welcomes India tax agreement
Guernsey has signed a tax information exchange agreement with India.
KPMG boss predicts 'greater scrutiny' in 2012
Next year will see a return to underwriting disciplines for general insurers as their financial performance comes under greater scrutiny and they face increased regulatory interest.
Millwater leaves Willis group board
Willis has announced that Grahame Millwater, president of Willis Group Holdings and chairman & CEO of Willis Global, is to retire to pursue other interests.
Mapfre board praise outgoing chair following restructure
The restructuring process at Mapfre has been concluded with the election of Antonio Huertas Mejías to the position of chairman of the company and chief executive of the group.
Europe non-life growth beats life at 2.7%
European insurers saw a rise in total gross written premiums in both the life and non-life sectors in 2010, according to figures released today by the European insurance and reinsurance federation, CEA.
Treasury investigates rating agencies
The Treasury Committee is investigating whether the methodology used by ratings agencies sound and transparent.
Antonio Huertas Mejías to take over as chair of Mapfre
The board of directors of Mapfre has elected Mr Antonio Huertas Mejías as the new chairman of the company and chief executive of the group.
Ipswich broker celebrates achieving chartered status
Staff at Pound Gates are celebrating after being awarded the title of ‘chartered insurance broker’ by the Chartered Insurance Institute.
Insurers call for "serious" government action on flood risk plan
The Association of British Insurers and its members have called on government to “seriously consider” subsidised flood insurance for policyholders in high risk areas, replacing the Statement of Principles, which expires in 2013.
Aon pays fines upwards of $16m following bribery charges
Aon has responded to charges that its subsidiaries bribed international government officials by agreeing to pay more than $16m (£10.1m) in fines.