News
Levene sets out four-point plan
Lloyd's Chairman Lord Levene has outlined a four-point plan to restore confidence in the insurance i...
Private investors lured back to Lloyd's
CBS Private Capital plans to woo investors to Lloyd's by offering flexible investment on a limited-l...
FSCS prepared to take liability risk
The Financial Services Compensation Scheme is encouraging early closure of insurers in run-off, desp...
Ohio AG expands AIG lawsuit
Ohio Attorney General Jim Petro has widened the scope of the securities fraud class action lawsuit currently pending against American International Group (AIG) and others by filing an amended complaint in federal court in New York.
No change in Cathedral rating
A.M. Best has affirmed the Best’s Syndicate Rating of A (Excellent) and issuer credit rating (ICR) of “a” of Lloyd’s Syndicate 2010, managed by Cathedral Underwriting Limited.
BDML makes double move
BDML Connect has made a double board appointment.
S&P withdraws CRP ratings
Standard & Poor's (S&P) has affirmed its 'BBB+' insurer financial strength ratings on two subsidiaries of French reinsurer SCOR: Bermuda-based Commercial Risk Reinsurance and Vermont-domiciled Commercial Risk Re-Insurance (collectively, CRP) and then…
International associations call for global insurance liberalisation
The insurance industries of Europe, represented by Comite Europeen Des Assurances, and the US, represented by the American Council of Life Insurers and the American Insurance Association, are calling for the opening up of insurance markets worldwide.
Biba and GLP launch online service
Biba and General Legal Protection have launched the company’s new online resource, the ‘GLPPartnerNet’.
Cooper Gay opens new Eastern Europe offices
The Cooper Gay Group has announced the opening of offices in both Belarus and Russia as part of the company’s strategy to expand into Eastern Europe.
AIG faces continuing controversy
American International Group (AIG) has continued to be rocked by controversy with the announcement that another executive has been effectively suspended.
GE revamps aviation treaty unit
Hubert Oeckl has been appointed to lead the GE Insurance Solutions Aviation Excess of Loss Treaty team.
New branch manager for Markel’s Spanish office
Markel International has appointed Esteban Manzano as branch manager of its new business in Spain - Markel International España.
Equitas settles Goodyear Tyres' claims for $22m
Equitas has announced that it will pay The Goodyear Tyre & Rubber Company $22 million in an insurance settlement for asbestos and pollution related claims previously filed by the tyre maker.
FSA publishes methods for emerging market risk assessment
The FSA today revealed how it assesses and prioritises emerging retail market and product risks and highlighted some of the issues it had recently considered.
Ace expands commercial motor product
Ace Europe has launched a commercial motor third party property damage excess product. The new product, which Ace claims to be unique in the UK insurance market, provides stand-alone top-upcover for damage to third party property, over and above the…
Former AIG executive accused of misleading regulators
A former American International Group (AIG) executive misled state insurance regulators early this year, according to the Wall Street Journal.
Pricing is key say Lloyd’s underwriters
Lloyd’s underwriters believe that buyers are more concerned about pricing than current insurance industry investigations, according to new research by Lloyd’s.
Levene commends decisive market action
Lloyd’s Chairman Lord Levene has outlined a four-point plan to restore confidence in the insurance industry.
Allianz Cornhill calls for re-think on property risk
Allianz Cornhill today claimed that the insurance industry is finding it increasingly difficult to assess the true risk to commercial and personal lines property owners due to the ever widening extremes of the weather in the UK.
MMA profits top £21m
Intermediary-only insurer MMA Insurance plc has registered another record year of performance, the best in its history, with profits exceeding £21.6m.
SSP enables single log-on access to imarket
Software Solutions Partners (SSP) has received imarket security infrastructure sign-off.
Regency Group rebranded Homeserve
Insurance and warranty scheme provider, The Regency Group is changing its name to fall in line with the overall brand image of its parent company, Homeserve.
Heath Lambert launches new look Property Portfolio team
Heath Lambert Group has relaunched its Property Portfolio division, following the resignation of the division's managing director and a team of people leaving to join a rival broker.