News
Eqecat helps ERD transfer European windstrom risks to capital markets
Catastrophe risk modeling firm Eqecat Inc has provided risk modeling services to Electricité Réseau Distribution France SA in the issuance of a €150m catastrophe bond transferring European windstorm risk to the capital markets.
Groupama holds firm on Societe Generale investment
Groupama SA has confirmed it has not sold any of its shares in Societe Generale SA, according to a report on Bloomberg, despite the stock plunging.
Axa confirmed as business insurer for Reeves furniture store
Axa has also confirmed it is the co-insurer for Party Superstore in Clapham and the sole insurer for fashion store Intense and Funky in Tottenham.
Fitch affirms DEVK insurance entities; Outlook Stable
Fitch Ratings has affirmed DEVK Deutsche Eisenbahn Versicherung Sach- und HUK-Versicherungsverein a.G. Betriebliche Sozialeinrichtung der Deutschen Bahn's (DEVK non-life) and DEVK Deutsche Eisenbahn Versicherung Lebensversicherungsverein a.G…
Aviva on cover for Reeves store in Croydon
Aviva has confirmed it is the building insurer for the 140-year old family run House of Reeves furniture store in Croydon razed to the ground during the riots on 8 August.
Insurance Insight weekly update live
Insurance Insight’s weekly update is live with an article on buying habits for travel insurance and a blog on women in insurance.
Groupama downgrade poll results
Find out what the market voted for on Fitch's downgrade of Groupama.
Allianz set for £25m riot claims exposure
Allianz is the first insurer to give an estimate for its exposure to the riots that have taken place in London and across the UK.
Groupama names new legal counsel
Former Towergate employee Andrew Hunter has been appointed group legal counsel for Groupama Insurances and company secretary for Groupama’s GUK Broking Services subsidiary.
Allianz insures riot victim JD Sports
Allianz have confirmed it insures JD Sports, the sports fashion and trainers retailer widely looted throughout the UK during the four days of rioting.
Oamps appoints wholesale director after business revamp
Australian insurance broker Oamps has named Ros Bayley wholesale director following a business restructure.
Ace appoints accident and health team from Marsh, Chartis and Aon
Ace European Group has appointed three new additions to its accident and health team.
Short selling of insurance stocks banned in four EU countries
France, Spain, Italy and Belgium have imposed bans on short-selling on bank and insurance stocks to stabilize markets.
Allianz’s COR increases to 96.1%
Allianz’s combined written ratio has depreciated slightly to 96.2% (2010 - 95.3%) for its 2011 half year results.
Deacon appoints landlord to business development manager role
Insurance broker Deacon has appointed Will Gentle to the role of business development manager.
Quote Devil sets up helpline to help Travelers' motor customers
Dublin-based insurance broker Quote Devil has set up a dedicated consumer help-line to offer assistance to worried customers of Travelers Motor Insurance after the American company announced it is withdrawing from the market.
RSA insurer for Sony Warehouse building
RSA is the insurer for the Sony Warehouse building in Enfield which was destroyed by fire during the riots on 8 August, Post understands.
Aviva accounts head jailed for expenses fraud
The head of accounts manager at Aviva's York has been jailed for four months and sacked after being found guilty of expenses.
Post Blog: The true value of awards
What's the value in winning an industry award?
Irish firm offers smartphone security package
Irish firm You Get It Back has teamed up with American retailer Best Buy to offer a security package for mobile devices such as smartphones and tablets.
Infrassure Switzerland and Liechtenstein sees capitalisation remain strong
AM Best has affirmed the financial strength ratings of A- Excellent) and the issuer credit ratings of “a-” of Infrassure(Switzerland) and its affiliate, Infrassure Vaduz (Liechtenstein). The outlook for all ratings remains stable.
GAB on "red" as it races to inspect riot areas in 24 hours
Loss adjuster GAB Robins plans to complete inspections of riot-ravaged areas across the country in the next 24 hours.
Industry welcomes riot claims period extension
The insurance industry has welcomed the Prime Minister's decision to agree to extend the period for policyholders to lodge claims from 14 to 42 days under the Riot Damages Act.
Axa Commercial targets record £1.2bn GWP by 2015
Outlining Axa’s strategy for the commercial lines business, CEO Amanda Blanc said that it aims to have a combined opertaing ratio of 95% by 2015.