News
RSA CEO Brown confirms restructure
Adrian Brown has announced a number of changes to RSA's senior management and a reorganisation of its key divisions.
Confused welcomes FSA comparison site review
Carlton Hood, chief executive officer of Confused, comments on the Financial Services Authority's price comparison site review.
Go Compare says FSA review raises "industry-wide issues"
Go Compare has commented on the conclusion of the Financial Services Authority’s review of insurance comparison websites.
Ryanair Rome near-crash insured by Axa - source
A Ryanair flight which narrowly averted a crash after a flock of birds was caught in the plane's engines was insured by French insurance giant Axa, Reinsurance has learned.
Biba welcomes FSA's comparison site review
The British Insurance Brokers’ Association has welcomed the Financial Services Authority’s call for prompt action to be taken by comparison websites.
Airline rates continuing to climb - Willis
After years in the doldrums, airline insurance rates are continuing to rise, according to research from Willis.
Malaysia's Ambak to buy MAA's nonlife unit
(BestWire) — MAA Holdings Bhd said it has signed a memorandum of understanding with AmG Insurance, a nonlife insurance subsidiary of AmBank Group for the sale of Malaysian Assurance Alliance's nonlife insurance business in Malaysia.
FSA concludes its review of comparison websites
A further Financial Services Authority review of insurance comparison websites has found that many sites have made significant improvements and are consistently providing clear, fair and not misleading information, but some firms need to go further to…
IAG outlines 2009 strategy after loss-making year
(BestWire) — Insurance Australia Group Ltd. said it is "on track" in its business improvement effort, coming off a loss-making fiscal year which saw the group rebuff a takeover attempt from larger rival QBE Insurance Group Ltd.
Greenberg slates AIG board
(BestWire) — Maurice "Hank" Greenberg said the board of directors of American International Group Inc. were sleeping at the wheel even as the company slipped into a financial abyss.
Dodd leaving Acturis
The director of Acturis Mike Dodd has decided to leave the company for personal reasons.
FSA review says comparison websites need to go further to address specific concerns.
A further Financial Services Authority (FSA) review of insurance comparison websites has found that many sites have made significant improvements and are consistently providing clear, fair and not misleading information, but some firms need to go further…
FSA announce acceleration of the full integration of TCF into core supervisory work.
The Financial Services Authority (FSA) has announced that it will accelerate the full integration of Treating Customers Fairly (TCF) into core supervisory work.
Xchanging Conference Report
Reinsurance Magazine talked to Sue Langley from Lloyd's, Dave Matcham CEO of the International Underwriting Association,..
Towergate launches commercial vehicle breakdown cover
Towergate Underwriting’s specialist transportation division has launched a new commercial breakdown policy Truck Assist, which offers subscription based breakdown cover to haulage clients.
Aviva's Moss to co-chair Treasury led insurance working group
The UK government has set up two new industry groups to be co-chaired by the Chancellor, Alistair Darling MP to look at the insurance and investment sectors. The co-chair of the insurance group is Aviva CEO Andrew Moss along with representatives of Legal…
Shortfall in information funding costly private treatment
The insurance industry is failing to provide people with clear information about the financial benefits of private medical insurance (PMI), according to new research revealing more than four out of five people (83%) would borrow money or dip into their…
New PAYD car policies launched
Coverbox, a new pay-as-you-drive insurance product, is being launched to the UK consumer market in January 2009.
Liberty Mutual Q3 profit dwindles after catastrophe, investment losses take toll
Liberty Mutual has said net income fell $6m and $666m for the three and nine months ended 30 September, respectively, compared to $404m and $1.09bn in the same periods in 2007.
Munich Re life arm appoints new senior exec
Munich American Reassurance Company, the life reinsurance arm of Munich Re, has appointed Michael Taht as senior vice president of life reinsurance.
Foreign Insurers set to invest heavily in India
(BESTWIRE) India's latest move to liberalize its insurance sector may create the long-hoped-for opening for foreign insurance companies to advance into the under-developed market. But while business is thriving, foreign insurers must face reality checks…
JLT says on track to deliver 'sustainable profitable growth' in 2008
Jardine Lloyd Thompson, the UK (re)insurance broker, said it remains on track to deliver sustainable profitable growth in 2008, despite the current circumstances of unprecedented dislocation and uncertainty in the financial sector worldwide.
Healthcare package launched for the self pay market
Medical Care Direct (MCD) has launched Inclusive Healthcare, a new scheme for individuals who pay for private medical treatment themselves (self pay market). MDC said the aim will be to help them cut private medical bills and provide logistical, advisory…
Arista expands into the Midlands
Commercial lines underwriter Arista has revealed plans to establish a local presence in the Midlands.