News
Swiss Re publishes 2004 hurricane report
With an unusually high number of hurricanes and typhoon events occurring in 2004, Swiss Re has published a report on how it used event-based risk analysis to successfully withstand the challenge.
Moody’s reviews UnumProvident ratings
Moody's Investors Service has placed the credit ratings of UnumProvident Corporation (senior debt at Ba1) and the insurance financial strength ratings (Baa1) of UNUM Life Insurance Company of America and the company's other operating life insurance…
AIG aims for settlement with SEC
AIG has announced it has submitted an offer of settlement to the SEC and reached agreement in principle with the U.S. Department of Justice, with respect to “issues arising from certain structured transactions with The PNC Financial Services Group,…
Northern office opening for rehab provider
Rehab provider Kynixa, opened a centre in Leeds this month. The office will provide coverage in the North of England and enable support for its customers in the region.
Aegis energy hires three from Ace
Aegis Energy Syndicate 1225 has added a specialist team of three underwriters from Ace Global Markets.
Breuer succeeds Royer on CEA accident committee
Uwe Breuer, director of R+V Allgemeine Versicherung (Germany), has been appointed as the new chairman of the Comité Européen des Assurances Accident Insurance Committee.
CDL eats into Misys market share says report
Software supplier CDL claims it is handling as many EDI transactions as rival Misys, after a survey revealed a 48% increase in volume by CDL brokers.
Zurich claims head joins Medical Protection Society
The Medical Protection Society has appointed Sarah Venus as director of claims and legal services.
SEC quizzes Swiss Re on non-traditional insurance
Swiss Re has said that it has received requests from the United States Securities and Exchange Commission (SEC) and the New York State Attorney General to provide documentation relating to non-traditional insurance products.
Mitsui Sumitomo strengthens subsidiaries
Mitsui Sumitomo Insurance Company has announced plans to strengthen its global reinsurance operations through its two subsidiaries, MS Frontier Reinsurance and Mitsui Sumitomo Reinsurance.
Goshawk takeover plan shelved
Nikko Principal Investments today annouced that it has called of takeover talks with Goshawk.
KPMG report highlights risk
European insurance companies that manage risk effectively stand to gain greater access to world capital markets and competitive advantage. This is the conclusion of a research project Risk and Capital Management for Insurers conducted by KPMG…
Massive winter ski claims expected, says Asda
Up to 60,000 people could claim for ski or snowboard-related injuries this winter, according to Asda travel insruance.
CIGNA to save expatriate employers 1% of salary bills
Global health insurer, CIGNA International Expatriate Benefits, has teamed with approved Australian health fund, Grand Union Corporate Health Fund, to launch a benefits programme designed to meet the needs of expatriates and Australian citizens returning…
Watch PM's Insurance Question Time - now
Tuesday night's inaugural Post Magazine Insurance Question Time at London’s Globe theatre, saw a distinguished panel wrestle with issues as varied as the impact of Spitzer, Offshoring, Compensaion Culture and Reputation in front of a packed audience. To…
DAS goes commercial with Swinton
Swinton has selected DAS to provide a legal expenses policy to compliment its range of policies for the small and medium sized enterprise market.
Crawford restructures
Crawford UK operations and technical services have come under a common reporting line, with both businesses now reporting directly to Ian Muress as chief executive officer, UK & Ireland.
Brokers should disclose commission fees
Insurance brokers will have to disclose the cash amount of all commission and related payments received from insurers or risk breaking the law and Financial Services Authority rules, warned law firm Reynolds Porter Chamberlain.
Omni Whitting buys Singapore insurer in run-off
Omni Whittington Investments (Guernsey) has purchased Singapore-based Lion City Run-Off Private Limited from DBS Group Holdings.
Typhoon Muifa hits Phillippines
One thousand people have been displaced and one man injured as Typhoon Muifa devastated three provinces southeast of the Philippines capital.
NU seeks to promote leisure sector insurance
Norwich Union has published a risk-based guide to the leisure sector for brokers.
Hartford buys Nat Cat cover from Foundation Re
Hartford Financial Services Group has bought $247.5m worth of reinsurance for natural catastrophes from Cayman Island-based reinsurer Foundation Re.
Marsh & McLennan turmoil continues as five directors quit
Five members of Marsh & McLennan’s Board of Directors, including several executives of the company, have stepped down from their positions on the Board.
HBOS signs deal with Smart and Cook
Halifax Bank of Scotland Commercial Insurance is forming a strategic partnership with Smart and Cook Insurance Brokers.