News
CNA Europe names new underwriting bosses
CNA Europe has appointed Paul Dowling and John Taylor to the newly created roles of chief underwriting offer of commercial lines and specialty lines respectively.
P&C assumptions may be torn up after Deepwater incident
Insurers and reinsurers are likely take a hard look at the assumptions used to price property and liability coverages for drilling platforms in the wake of the Deepwater Horizon loss, according to Moody's Investors Service.
Hiscox: German SMEs have better insurance understanding than Brits
Less than one in three (30%) small to medium sized businesses in Europe believe they are insured in the event that a professional mistake leads to them being sued.
Buffett backs Moody’s at US hearing
Berkshire Hathaway’s Warren Buffett, compelled by subpoena to testify, backed Moody’s at a hearing yesterday, defending the ratings agency in which Berkshire has a holding against criticism it misled investors.
Torus launches professional lines cover in Europe
Speciality insurer Torus has launched a new professional lines offering in France and Germany.
Generali named as suitor for AIA
Generali may be interested in buying the AIG Asian unit, according to Italian newspaper reports.
Broker Hastings gets major capital injection from Lloyds TSB
Personal lines specialist Hastings Direct has become the latest broker to receive third-party capital after agreeing to a £20m cash injection from Lloyds TSB Corporate Markets.
MGA dumps Merlin and appoints Cunningham
Underwriting agency Commercial Express is replacing the existing Merlin facility with the appointment of Cunningham Lindsey.
Hiscox: German SMEs have better insurance understanding than Brits
Less than one in three (30%) small to medium sized businesses in Europe believe they are insured in the event that a professional mistake leads to them being sued.
Torus launches professional lines cover in Europe
Speciality insurer Torus has launched a new professional lines offering in France and Germany.
Premex announces 2009 turnover increase
Medico-legal and rehabilitation supplier Premex has announced turnover of £55m for 2009 – more than 10% up on the figure for 2008.
QBE appoints two to new division
Following the integration of its casualty and motor divisions in March, QBE has made two appointments to support the integration and development of the new division.
Generali named as suitor for AIA
Generali may be interested in buying the AIG Asian unit, according to Italian newspaper reports.
QBE moves to placate shareholder concerns over claims exposure
QBE has moved to distance itself from market rumours about its exposure to the Gulf of Mexico oil rig disaster and UK motor liability claims.
S&P revises Aviva outlook
Standard & Poor's Ratings Services has revised its outlook on Aviva Insurance (Europe) to developing from negative.
US "elevated" up as Aon unveils 2010 Terrorism Threat Map
International counterterrorism efforts appear to be stifling the ability of terrorist groups to mount significant attacks on the scale of those of September 11, 2001, according to the 2010 Aon Terrorism Threat Map.
Rating agencies on the EC's radar as it aims to improve supervision
As part of its work on preventing a future financial crisis and strengthening the financial system, the European Commission has put forward amendments to the EU rules on credit rating agencies and launched a public consultation on reforming corporate…
S&P revises Aviva outlook
Standard & Poor's Ratings Services has revised its outlook on Aviva Insurance (Europe) to developing from negative.
US "elevated" up as Aon unveils 2010 Terrorism Threat Map
International counterterrorism efforts appear to be stifling the ability of terrorist groups to mount significant attacks on the scale of those of September 11, 2001, according to the 2010 Aon Terrorism Threat Map.
Rating agencies on the EC's radar as it aims to improve supervision
As part of its work on preventing a future financial crisis and strengthening the financial system, the European Commission has put forward amendments to the EU rules on credit rating agencies and launched a public consultation on reforming corporate…
Review follows £60m Capita deal
Capita has outlined plans to retain the staff of Premier Medical Group following its £60m acquisition of the company last week.
£20m Lloyds TSB cash injection for Hastings
Personal lines specialist Hastings Direct has become the latest broker to receive third-party capital after agreeing to a £20m cash injection from Lloyds TSB Corporate Markets.
Endurance CEO announces retirement
Endurance global chief executive of insurance operations Michael Fujii has retired from his post.
LV launches recruitment advertising campaign
The campaign uses technology that enables jobseekers to interact with existing LV staff and find out about the jobs on offer before applying.