News
AM Best A-rates Omega at Lloyd’s
AM Best has confirmed its A rating from Lloyd’s insurer Omega but warned the rating is under review with negative implications.
Axa and aggregators make online list
A list of influential online retailers, called 101 Directors Of .COM, has named half a dozen insurance site bosses among a list ranging from supermarkets to sex toy sellers.
Reinsurance market reassured by AM Best there is hope
AM Best said there are hopeful signs emerging for the global reinsurance industry after years of a soft market, weak investment returns, lukewarm investor interest and sluggish consolidation activity.
Global reinsurance outlook no longer negative
Moody's Investors Service has changed the outlook on the global reinsurance sector from negative to stable reflecting the momentum for a hardening in reinsurance rates, a refocusing on the value of reinsurance, and the good risk management and discipline…
CEA appoints Jones as director of economics and finance
The CEA, the European insurance and reinsurance federation, has appointed Ageas head of group risk strategy Olav Jones as director of the body’s economics and finance division.
Marsh appoints Watterson to board for Isle of Man
Broker Marsh has appointed Manx businessman and wildlife expert Ken Watterson as a non-executive director on its board of directors on the Isle of Man.
Link4 responds to Polish brokers class law action news
Link4 has responded to The Polish Chamber of Insurance and Finance Intermediaries' announcement that 35 insurance intermediaries have filed a class action lawsuit for €3m.
Capita Group acquires IMG
Capita Group has acquired Insurance Medical Group for an undisclosed sum.
AM Best offers hope for reinsurance
AM Best says hopeful signs are emerging for the global reinsurance industry after years of a soft market, weak investment returns, lukewarm investor interest and sluggish consolidation activity.
RBSI to learn from FOS complaints
RBSI has played down figures from the Financial Services Ombudsman showing it is the most complained about general insurer in the country.
Law firm Pannone considers ABS
Pannone is looking at its options to become an Alternative Business Structure having established its affinity solutions division less than a year ago.
Moody's changes global reinsurance outlook to stable from negative
Moody's Investors Service has changed the outlook on the global reinsurance sector to stable from negative reflecting the momentum for a hardening in reinsurance rates, a refocusing on the value of reinsurance, and the good risk management and discipline…
Customers happy to buy car insurance online
Around 86% of consumers are comfortable with researching and buying motor insurance online without professional advice, according to a financial research company.
Insurance-linked securities market poised for continued growth
The market for insurance-linked securities is poised for continued growth according to Swiss Re.
Cost of nautical-related claims back to high levels in 2011
The average cost of nautical related-claims has climbed back to high levels in 2011, according the Nordic Marine Insurance Statistics database, but may stabilise at the current rate.
NFU Mutual chairman awarded peerage
NFU Mutual staff have joined together to honour group chairman Sir Don Curry who was yesterday appointed a cross bench peer in the House of Lords.
Arag markets "first" UK divorce cover
Legal expense insurer Arag is claiming to be the first to launch a UK divorce insurance product.
LV= Broker launch academy to train underwriters
LV= Broker has become the latest firm to offer a specialist training academy where budding underwriters with no previous insurance experience will be fast-tracked through their technical training.
RBSI tops Ombudsman GI complaints
Royal Bank of Scotland Insurance is the most complained about general insurer in the UK according to figures from the Financial Ombudsman Service.
Insurance-linked securities to grow
Swiss Re claims that 15 years after its inception, the market for insurance-linked securities is poised to grow.
Marsh names shark saver as NED
Broker Marsh has appointed leading Manx businessman and wildlife expert Ken Watterson as a non-executive director on its Isle of Man board.
Polish brokers launch €3m class action lawsuit against RSA
The Polish Chamber of Insurance and Finance Intermediaries has reported that 35 insurance intermediaries have filed a class action lawsuit against Link4, a wholly owned insurance company of the RSA Group.
Airmic supports legislation to tackle compensation culture
Airmic said it strongly supports plans to tackle the compensation culture for personal injury through The Legal Aid, Sentencing and Punishment of Offenders Bill.
AJAG publishes robust rebuttal to ABI’s case
The Access to Justice Action Group has published a robust rebuttal of the Association of British insurers’ arguments in favour of the Legal Aid, Sentencing and Punishment of Offenders Bill.