News
FSA targets Solvency II and PPI in business plan
The Fiancial Services Authority will focus on Solvency II preparation and the conduct of payment protection insurance providers in its 2010/11 business plan.
Transactor new provider for Cornish Mutual
Transactor Global Solutions is the new provider for south west based insurer, Cornish Mutual, with a complete system replacement scheduled to go live in September 2010.
Former Autofocus employee handed suspended sentence
Accident Exchange has landed the latest blow in its legal battle with Autofocus after a former employee of the credit hire reporting company - Helen Whyshall - was handed a suspended 28 day prison sentence for contempt of court.
Montpelier Re reports up to $100m losses from Chilean earthquake
Reinsurer Montpelier Re has announced a preliminary pre tax losses of between $75m (£49m) to $100m from the earthquake in Chile.
Former Teceris duo joins Crawford
Crawford & Company has appointed two new senior construction specialists within its international construction and engineering team.
Chaucer appoints head of production
Chaucer Holdings has appointed Andrew Voke to the newly created role of head of production for Syndicate 1084 with immediate effect.
Seven PwC solvent schemes of arrangement sanctioned by the court
Seven PricewaterhouseCooper solvent schemes of arrangement have been sanctioned under Part 26 of the Companies Act 2006.
Giles MD Pearson to leave after exec revamp at broker
Sarah Lyons, currently group operations director, has been promoted to group managing director.
Extending the definition of "too big to fail" could have severe consequences
The definition, which is currently being discussed in the US senate, could have severe consequences for the insurance industry according to Scott Harringdon, professor at the Wharton School.
Insurers and reinsurers need to be aware of the third party liability climate change lawsuits
Kyle Danish, partner at law firm Van Ness Feldman, told delegates at the World Insurance Forum in Bermuda today, that they need to be aware of lawsuits currently in the early stages of litigation in the US.
Countries assess CCRIF coverage
In light of the recent earthquakes in Haiti and Chile, many countries are re-examining their preparedness for natural catastrophes, including their levels of coverage under CCRIF.
Thornside signs pet insurance deal with Shop Direct
Capita Insurance Services company Thornside has extended its pet insurance deal with Shop Direct to include online cover via Littlewoods and Very.
IAM extends motor offer to 19 year olds
The Institute of Advanced Motorists surety insurance offered to its members via Adelaide Insurance, is to be made available to IAM advanced drivers aged 19 or over driving a low-grouped car.
Belgian insurer signs deal to help achieve solvency II compliance
Belgian insurance company Mercator has taken Barrie & Hibbert's Economic Scenario Generator. The main application of the ESG will be economic capital management and assistance in ALM decisions.
Belgian insurer signs deal to help achieve solvency II compliance
Belgian insurance company Mercator has taken Barrie & Hibbert's Economic Scenario Generator. The main application of the ESG will be economic capital management and assistance in ALM decisions.
PZU settlement and Polish exit adds €1.1bn to Eureko bottom line
Gross written premiums increased slightly over 2009 by 2% to €19.6bn against €19.3bn in 2008.
PZU settlement and Polish exit adds €1.1bn to Eureko bottom line
Gross written premiums increased slightly over 2009 by 2% to €19.6bn against €19.3bn in 2008.
Swiss insurer reports 39.1% leap in profits
Business volume rose 20% to CHF 6,711m (2008: CHF 5712.3m), and it had a combined ratio (net) of 91.8 per cent (2008: 89.1 per cent).
Bermuda: Beware reliance on ERM models
John Molbeck, president and CEO of HCC Insurance Holdings warned delegates at the World Insurance Forum this week that (re)insurers should be wary when using models as part of their enterprise risk management strategy.
Aegis London outlines plans for Prague
The group will be holding its third annual European Energy Conference at the Inter Continental Praha hotel in Prague from the 14-15 April, 2010.
Aegis London outlines plans for Prague
The group will be holding its third annual European Energy Conference at the Inter Continental Praha hotel in Prague from the 14-15 April, 2010.
Ceiops stress test highlights industry resolve in the face of crises
Ceiops has declared that in an adverse scenario, which mirrored the development of capital markets between the end of September 2008 and the end of September 2009, its recent exercise resulted only in a marginal impact of a loss of 10bn euro,…
Ceiops stress test highlights industry resolve in the face of crises
Ceiops has declared that in an adverse scenario, which mirrored the development of capital markets between the end of September 2008 and the end of September 2009, its recent exercise resulted only in a marginal impact of a loss of 10bn euro,…
Jelf unveils new non exec
Jelf has appointed Jonathan Kelly as a non-executive director. Mr Kelly has previously worked with Catlin and SBJ.