News
Aviva assigned negative outlook by Moody's
Moody's has given Aviva an A2 rating for its unguaranteed senior unsecured debt and a negative outlook, in line with Aviva Group.
S&P: Sandy to hit earnings not capital
Superstorm Sandy is likely to be an earnings rather than a capital event for affected insurers and reinsurers, according to rating agency Standard & Poor's.
Ageas, Allianz and Axa work together on Biba risk transfer plan
Three of the largest insurers are collaborating with the British Insurance Brokers' Association on a plan to mitigate the "administrative nightmare"” proposed by the Financial Services Authority on risk transfer and client money.
EC approves joint acquisition of HDI Poland
The European Commission has approved the joint acquisition of HDI Poland by Germany's Talanx and Japan's Meiji Yasuda Life Insurance, after concluding that the transaction would not significantly impede competition in the European Economic Area.
Allanfield overstates revenue and profit by £835 000
Specialist real estate insurance broker Allanfield Group has overstated revenue and profit before tax relating to £835 000.
Reinsurers remaining risk averse in investment, says Fitch
Rating agency Fitch has said that a barren investment climate is forcing reinsurers to be cautious in their investment strategies.
HCB liability play boosted by investment
Healthcare and risk management specialist Health Claims Bureau plans to double its revenue in two years by targeting new business in the liability insurance sector.
Allianz Worldwide Care opens Brussels support centre
Allianz Worldwide Care Services has opened an operational support centre in Brussels to provide a local contact point for the company's intergovernmental organisations and corporate clients.
Solvency II uncertainty challenging EU credibility, says Bernardino
Gabriel Bernardino today called on EU politicians to give a "strong commitment" towards the implementation of Solvency II, in order to prompt a clear and credible timetable for delivering the regime.
Plumeri eager for smooth handover
Outgoing Willis chief executive Joe Plumeri has vowed to do all he can to ensure continuity as the firm shifts to new leadership under Dominic Casserley.
Blink launches Purely revival
Motor facility Purely Motor has relaunched after its former partner and broker distribution specialist Blink Intermediary Solutions acquired the rights.
European piecemeal approach to affect single insurance rules
The European Union's long-term goal of introducing a continent-wide set of insurance industry rules has been put in jeopardy as larger member states look to adopt a fragmented approach to the introduction of regulations.
New Aviva chief could prompt Asia push
Aviva may look to boost its 'sub-scale' Asian business given the incoming group chief executive's experience as head of AIG's Asian life operation.
Insurance accounting standards facing challenges, claims report
Key details need to be settled on new insurance accounting standards despite recent significant progress in the market, according to Swiss Re's latest research publication.
Airmic unveils new 90-day reservation of rights clause
The industry has backed a clause created by risk management association Airmic which gives insurers a 90-day cooling off period to freely exchange information with the policyholder before resorting to the reservation of rights.
Q-Re poaches Novae underwriting team
Q-Re, the reinsurance subsidiary of Qatar Insurance Company, confirmed today that is has hired 14 senior reinsurance staff who resigned from Novae in May.
Top five Asian news stories
The top five Asian news stories from wwww.insuranceinsight.com over the past seven days.
John Lewis brings committal proceedings against alleged motor claim fraudster
The High Court has allowed John Lewis to proceed with its application to put a suspected phantom passenger on trial for contempt of court.
Top five European stories
The top five European stories from www.insuranceinsight.com over the past seven days.
Swinton unveils north east office
Swinton Group has opened its first commercial office in the north east as part of a long-term plan to extend its commercial arm across the UK.
AJG acquires Australia's largest Lloyd's underwriter
Broking group Arthur J Gallagher has confirmed a deal to purchase SRS Underwriting.
Aviva appoints Mark Wilson as group chief executive
Former AIA chief executive Mark Wilson, pictured, has been appointed group CEO and will receive a basic annual salary of £980 000, Aviva has revealed.
UIB hires Raven as new upstream head
Lloyd's reinsurance broker United Insurance Brokers has appointed Joss Raven as divisional director of its upstream energy division.
Unipol to sell Generali stake by end of 2012
Italian insurer Unipol will sell its stake in rival Generali by the end of 2012, chief executive Carlo Cimbri told analysts on a conference call last week.