News
Spitzer inquiry widens to Moody’s
New York Attorney General Eliot Spitzer has subpoenaed Moody's for information on how it rates reinsurers and mortgage securities, broadening his probe of Wall Street practices.
Ace issues quarterly risk report
Almost 60% of chief risk officers and senior risk managers view network risk as a significant and growing threat to their organizations, according to research from Ace European Group.
AIG releases Q1 2005 profit statement
American International Group (AIG), which has been in the headlines since October 2004 following an ...
Munich Re Q2 results hit by reserve strengthening
Munich Re has announced that its second-quarter results will be reduced by EUR0.4bn following reserv...
Thunder Horse platform being assessed
British Petroleum (BP) has confirmed that crews placed aboard the BP-operated Thunder Horse platform...
Large brokers could lose market share, claims report
The largest insurance brokerages are likely to lose investment value and market share to middle-mark...
Dennis not the only menace
Florida faces hurricane headaches in the wake of Hurricane Dennis - Marc Jones reports on how the predicted increase of tropical storms is causing insurers unease about writing for homeowners
Moody's confirms RGA ratings
Moody's Investors Service has confirmed the credit ratings of Reinsurance Group of America (RGA) (se...
London bombs highlight ideological abyss over government-backed terror schemes
Mark Geoghegan comments on the various approaches to insuring against terrorist attacks in light of the recent bombings in London
Aon report warns Food, Drink and Tobacco (FDT) sector that it is under-prepared
Companies in the food, drink and tobacco sector (FDT) are under-prepared for business-threatening in...
Reinsurance renewals "lack uniformity", claims Aon
One of the overriding characteristics of the 1 July reinsurance renewals this year has been lack of ...
Treat brokers as SMEs, says NIG
Insurers should stop thinking of brokers as simply a ‘distribution chain’ and start treating them as the highly individual businesses they are, NIG has said.
Cobra network membership passes 80
Broker network Cobra, has announced that membership has risen to 80 following the addition of nine new members in the past three months.
Axa to sponsor ITV3 drama schedules
Axa has unveiled new sponsorship support for British drama on ITV3 – the first time the drama channel has been sponsored.
Vauxhall Motors hires BHSF for employee cash plan
Vauxhall Motors has appointed underwriters BHSF to provide its employees’ health cash plan.
Insurers hit by Birmingham tornado
The Tornado that hit parts of south Birmingham yesterday could cost insurers £40m, it has been claimed.
Lloyds looks to direct distribution
Lloyds TSB has reported that profit before tax, on a comparable basis, from its general insurance operations increased by £7m, or 8 per cent, to £94m.
L&G profits nose dive
Legal and General reported a £13m slump in general insurance profits for the six months up to June 2005.
Piers Morgan confirmed for CII conference
Former Daily Mirror editor Piers Morgan is the latest addition to the line-up of speakers at this year’s CII and CILA UK Insurance and Financial Services Conference.
RSA deal raises $230m
Royal and Sun Alliance today announced the sale of its speciality US nonstandard motor business, Viking Insurance, to Sentry Insurance.
Willis Group: net income down but revenues up
Willis Group Holdings, the parent company of broker Willis UK, has released results for the second quarter and first six months of 2005.
Senior appointments at The Claims People
The Claims People Group has announced the appointment of Dominic Boyce as its group financial director with effect from 1 July 2005.
Health official demands improved risk management
The chair of the Health and Safety Commission has called for all sections of industry to continue to improve their control of risk.
Axa sees slump in UK commercial and motor revenue
Axa today reported that its motor and commercial revenue had fallen in the first half of 2005 in the UK and Ireland.