News
Fitch affirms Ageas Holding and operating companies
Fitch Ratings has affirmed AG Insurance's Insurer Financial Strength (IFS) rating at 'A+' and long-term Issuer Default Rating (IDR) at 'A'.
Chaucer rating unchanged as largest shareholder rejects bid
AM Best Europe has said that the financial strength rating of A (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 1084 and the ICR of “bbb” of Chaucer Holdings are unchanged following the announcement that the board of CH has…
Fitch affirms Ageas Holding and operating companies
Fitch Ratings has affirmed AG Insurance's Insurer Financial Strength (IFS) rating at 'A+' and long-term Issuer Default Rating (IDR) at 'A'.
Imperial invests in staff training centre
Building claims validation specialist Imperial Consultants is spending £1m on a new staff training centre.
Brightside looks to diversify as talks held with Arch
Brightside is in talks to add Arch Capital to its panel of commercial insurers, as the broker aims to move into a series of new risks in its commercial portfolio.
North of the Border: Damages (Scotland) Bill
The Damages (Scotland) Bill passed the final stage of the Scottish parliamentary process on 3 March 2011. The Bill received Royal Assent on 7 April, after which it will become an Act during the course of the new parliament following elections next month.
Editor's comment: an unfamiliar feeling
As they head off for a well-earned break over the Easter weekend, UK motor insurers may well be struck by an unfamiliar feeling. Contentment.
Confusion over Solvency II as FSA revises model plans
Solvency II experts have voiced concerns over the uncertainty surrounding the incoming European Union legislation, after the Financial Services Authority revealed revised plans for its handling of internal model applications.
CIE scheme campaign set for May launch
The Continuous Insurance Enforcement scheme is set to be jointly launched by the Association of British Insurers and Motor Insurers' Bureau next month.
New Towergate chairman circumspect on IPO plans
Towergate listing on the London Stock Exchange is "no pre-conceived certainty", according to new non-executive chairman Alastair Lyons.
EL insurers celebrate appeal victory
Employers' liability insurers have avoided claims worth "hundreds of millions" of pounds following a successful appeal in Baker v Quantum, law firm Weightmans has claimed.
Rehab start-up abandoned as Merfield enlists at Spring
The founder and former clinical director of rehabilitation provider HCML, Helen Merfield, has abandoned her start-up project Nexus Rehabilitation just two months after its launch marked her return to the rehabilitation sector.
Year-long minimum wait for asbestos claimants
More than 1000 Scottish pleural plaques claimants will have to wait until at least mid-2012 before any decision is made on whether they can be compensated for their condition.
30 staff to be cut as part of Quinn buyout
Thirty additional staff are set to lose their jobs at Quinn Insurance after a joint venture between Liberty Mutual and Anglo Irish Bank was confirmed as the preferred buyer for the business.
Solicitors' PI heading for crisis in capacity
The solicitors' professional indemnity market could face a capacity crisis following controversial plans to retain the assigned risks pool until 2013, the insurance industry has warned.
Allianz rules out Part VII transfer
Allianz has ruled out following Aviva and Royal Bank of Scotland Insurance in applying to the High Court for a Part VII transfer under the Financial Services and Markets Act.
IBM: reputational risk must be managed
IBM has urged insurance companies to keep tabs on social media output to ensure they are managing the "online perception" of their businesses.
Directors jailed for £1m insurance fraud
Two directors at the centre of a £1m insurance fraud have been jailed for a combined sentence of 10 years at Southwark Crown Court.
Broker Assistance creates non-fault matrix
Broker Assistance is creating a non-fault claims database that aims to allow up to 100% third-party capture.
Aldermanbury Declaration - one year on: delivering the declaration
The Aldermanbury Declaration was launched a year ago to great fanfare. Joel Turland takes a look at its success in driving professional standards.
Regional job rise expected
Specialist recruitment firm Search Insurance has opened an office in Leicester.
Homelet 30% ahead of target to smash 2010 £10m profit
Barbon Insurance Group's current most profitable business Homelet is aiming to "smash" its 2010 profit by December.
Giles £100m corporate target bolstered by wins
Giles Insurance Brokers' efforts to grow its corporate book of business to £100m within 12 to 18 months has been boosted with a series of business wins.
Aon wins McLaren contract from Willis
Aon has won the tender to provide insurance coverage for the McLaren Formula One team, McLaren Automotive, and individual policies for its drivers.