News
Aon stresses importance of D&O cover prior to Rosneft flotation
Rosneft’s planned flotation on the London and Moscow markets has highlighted a number of risks company directors should be aware of, according to a senior director at Aon
Groupama adds to its distribution team
Groupama Healthcare has appointed Pete West as Key Account Manager for the Southern region. He will be responsible for Groupama Healthcare’s intermediary relationships across the South of the UK
Zurich reviews products ahead of sector push
Zurich claims to have enhanced its charities and voluntary organisations proposition after a review. The sector is led by head of charities and voluntary sector, Paul Emery.
Norwich Union backs rule change
Motor insurer Norwich Union has welcomed a new rule governing vehicle child and baby seats, which is set to come into force this September.
Highway launches new network
Motor insurer Highway has launched its own dedicated repairer network for private vehicles. The network will work alongside its existing in-house claims service.
Fitch affirms Aviva ratings
Fitch Ratings has affirmed the Insurer Financial Strength ratings of Aviva's main UK life insurance operating subsidiaries at 'AA'.
Best affirms Africa Re
AM Best Co. has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of "a-" of African Reinsurance Corporation (Nigeria). The outlook for both ratings has been revised to stable from negative.
Aon extends Dennis Mahoney’s contract
Aon has extended the personal employment contract of Dennis Mahoney, the chairman and chief executive officer of its UK arm, to 2015.
RSA endorses ABI's personal injury report
Royal and Sun Alliance said today its own experience supported the Association of British Insurers’ report "Outcomes for legally represented and unrepresented claimants in personal injury compensation." The insurer added that it will publish the findings…
Lloyd's predicts reduced Central Fund contributions by 2008
In a letter to market CEOs today Lloyd's director, finance and risk management, Luke Savage has predicted that it may be able to cut the contribution to the Central Fund rate in 2008, a year earlier than originally anticipated.
FSCS declares 87 firms in default
The Financial Services Compensation Scheme has declared 87 investment firms in default. The FSCS revealed that consumers can claim up to £48,000 if they have lost money from one of the firms.
JLT plummets near to 52 week low after Heath talks collapse
Broker JLT share price has fallen steadily throughout the morning on news that talks with Heath Lambert have collapsed.
MIB completes procurement review
Medico-Legal Reporting has been appointed as a preferred supplier by the Motor Insurers’ Bureau.
XL adds exec to new ‘office of the CEO’
Bermudian (re)insurer XL Capital has announced that Michael Lobdell, a former managing director of New York-based JPMorganChase, will join in September to serve as chief executive – global business services.
Security Capital sets $500m IPO terms
Security Capital Assurance, the credit (re)insurer being spun off from Bermudian (re)insurer XL Insurance, has announced the terms of its impending New York Stock Exchange IPO.
Xchanging launches new model wordings library
Xchanging has announced the launch of Model Wordings Library (MWL), anticipated to be the London insurance market’s first comprehensive, web-enabled wordings repository.
QBE subsidiary securities rated by Moody’s
Moody's Investor Services has assigned a provisional (P)Baa2 rating to the preferred securities to be issued by QBE Capital Funding LP (CF), a limited partnership with General Partner, a private limited company and wholly owned subsidiary of QBE…
Insurers converting well to IFRS, claims survey
Major global insurers have responded well to the enormous challenge in moving to International Financial Reporting Standards (IFRS) and many companies have gone beyond the minimum of disclosure required to comply, as evidenced by the sheer weight of the…
JLT offers no further comment on Heath talks collapse
JLT has offered no comment on the termination of talks with Heath other than a one line statement to the Stock Exchange at 9:19am.
New names linked with Heath after JLT bid fails
New names have already been pushed forward as potential bidders for Heath Lambert after it called off talks with JLT this morning.
Heath pulls plug on JLT talks claiming deal not in "best interests of staff and clients"
Heath Lambert Group has this morning ended talks with Jardine Lloyd Thompson. Discussions had been taking place for a number of weeks with the view to JLT buying Heath Lambert.
Primary unveils London market business restructure
Primary Group, the Bermudan based insurance distribution company,this morning announced the results of its strategic review of its ‘wholesale’ broking operations in the UK.
Aviva boss Harvey hails deal as "important strategic move"
Norwich Union's parent Aviva has announced that it has agreed to acquire AmerUs Group in a transaction recommended by the board of AmerUs, for approximately $2.9 bn (£1.6 bn) in cash, financed by a £900m equity placing, internal resources and external…
Axa PPP gets into step
Healthcare insurer Axa PPP has completed a 10-day training exercise in order to educate its staff ab...