News
S&P downgrades Groupama IFS rating
The insurer financial strength rating of Groupama has been downgraded from ‘A-‘ to ‘BBB+’ by Standard & Poor’s because of its “material exposure to Greek government bonds”.
Axa confirms Gill departure
Axa has confirmed customer delivery director Dave Gill is the latest casualty of the insurer's sweeping restructure.
ALC Health increases cover to reflect increased global costs
As part of a review of ALC Health’s Prima range of international medical insurance plans, the company has increased the annual limits of its Premier, Classic and Ibérica plans and has also increased the cover benefits provided for organ transplants and…
Solicitors’ Indemnity Mutual Insurance Association goes into run-off
SIMIA, the mutual insurance company for professional indemnity insurance above £1m to firms of solicitors based in England and Wales, has confirmed it is to cease taking on new business.
Marsh solution to solar energy project financing
Marsh has developed an insurance contract that provides coverage for photovoltaic project companies and operators against default risk on long-term guarantees for modules by manufacturers.
Software firm issues Solvency II warning
Data management software company Cluster Seven has urged insurers to ensure they are accounting for spreadsheet risk in their implementation plans for Solvency II.
Marsh solution to solar energy project financing
Marsh has developed an insurance contract that provides coverage for photovoltaic project companies and operators against default risk on long-term guarantees for modules by manufacturers.
Software firm issues Solvency II warning
Data management software company Cluster Seven has urged insurers to ensure they are accounting for spreadsheet risk in their implementation plans for Solvency II.
Greenwoods joins Telecoms fraud body
Defendant insurance law firm Greenwoods Solicitors has joined the Telecommunications UK Fraud Forum, a body for the exchange of information and the promotion of a united effort against telecommunications fraud.
Crawford establishes new GTS team to serve Latin American clients
Crawford & Company has established a team of Global Technical Services managers and offices in Latin America to more effectively serve large and complex claims from the growing insurance market in the region.
Donaldson to join RSA group board in new role
Paul Donaldson is set to join RSA’s group executive board after being promoted to a new role at group level.
Donaldson to join RSA group board in new role
Paul Donaldson is set to join RSA’s group executive board after being promoted to a new role at group level.
Sagicor hit with $36.2m catastrophe loss in Q1
Sagicor “still expects” to record a profit during 2011 despite producing a loss in the first quarter following exceptional natuaral catastrophes affecting its property & casualty book.
Aon selects new London HQ
Aon has selected The Leadenhall Building as its future London headquarters.
Allianz supply boss to head group project
Dane Loosley, Allianz’s divisional claims manager supply and expert management, has been recruited to lead a supply and procurement project for Allianz SE.
Allianz supply boss to head group project
Dane Loosley, Allianz’s divisional claims manager supply and expert management, has been recruited to lead a supply and procurement project for Allianz SE.
Insurers could cover part of €600m Quinn levy burden
The Central Bank is considering applying the Quinn Insurance levy to the international sales of Irish-regulated insurers, potentially reducing the demand on Irish policyholders to as little as €200m, according to the Irish Independent.
Generali Q1 net profits up 16.8% to €616m
Italian insurer Generali has closed the first quarter of the year with strong growth in net profit to €616m (Q1 2010: €527m), driven operating profits in all three businesses: life, non-life and asset management.
Generali Q1 net profits up 16.8% to €616m
Italian insurer Generali has closed the first quarter of the year with strong growth in net profit to €616m (Q1 2010: €527m), driven operating profits in all three businesses: life, non-life and asset management.
Ship owners facing increasing risks over charterers’ default
Ship owners are becoming increasingly concerned about the financial consequences of a rise in ship charterers filing for bankruptcy.
Exclusive IFRS and digital content now available on Post Europe
Post Europe’s weekly update is now live with an article on how The International Accounting Standards Board’s draft standard for the valuation of insurance liabilities will affect the market; and a View from The Top on how the Netherlands’ trading…
Chubb Europe names risk management manager
Chubb Europe has appointed Jan Auerbach as European risk management manager.
Ship owners facing increasing risks over charterers’ default
Ship owners are becoming increasingly concerned about the financial consequences of a rise in ship charterers filing for bankruptcy.
Chubb Europe names risk management manager
Chubb Europe has appointed Jan Auerbach as European risk management manager.