News
Parliament approves law against uninsured drivers
Motorists driving illegally without insurance will face more effective on-the-road detection, and possible confiscation of their vehicles, under tough new legislation that has now been agreed by both Houses of Parliament.
Tiner rests responsibility on management
Financial Services Authority chief executive John Tiner has said the industry is “more than capable” of managing conflicts of interest.
Moody’s rates Scor VIE
Moody's Investors Service has assigned a Baa2 insurance financial strength rating (IFSR) to Scor VIE, the wholly-owned Life & Accident Reinsurance subsidiary of Scor which has a Baa2 IFSR. The rating outlook, in line with that of Scor, is positive.
AM Best downgrades Inter-Ocean
AM Best has downgraded the financial strength rating to B++ (Very Good) from A- (Excellent) and the issuer credit rating to “bbb” from “a-” for the reinsurance subsidiaries of Inter-Ocean Holdings.
Munich Re execs questioned on AIG link
Executives from Munich Re have met officials from the office of New York Attorney General Eliot Spitzer to discuss the company’s dealings with American International Group (AIG).
Cunningham Lindsey acquires Axis USA
Cunningham Lindsey International has acquired Axis USA, a well-established US adjusting company based in New York and California.
Underwriters next to be sent offshore
The exodus of UK jobs offshore is set to continue, according to a new report, with a large number of...
Kwik-Fit reveals plans for creche
Kwik-Fit Financial Services, which was recently voted the second best insurance company to work for ...
Know Your Agency: This month - Reed Insurance
Understanding the services and specialisms of recruitment consultants is important. Head of operations Colin Lloyd gives the lowdown on Reed Insurance
Former Axa director begins role as head of AA Insurance Services
Former Axa marketing and underwriting director Kevin Sinclair, pictured, this week began his role as...
What the papers said this week
Daily Mirror A couple were told they would have to pay more for their life insurance because they c...
Big name affinity brands low on flexibility
The insurance affinity market is struggling to cope with the new regulatory era, it was claimed this...
Events
14 April Insurance Institute of London lunchtime lecture - Aviation Lloyd's Old Library, London E...
Aon considers Iran withdrawal
Aon could stop trading in Iran, following a review that saw the company pulling the plug on business...
Axa confirms subsidence choice
Axa Insurance this week confirmed the appointment of Crawford & Company to handle all subsidence-rel...
Rehab protocols watered down
The pre-action protocol for personal injury claims has failed to give rehabilitation the boost promi...
Broker develops warning system
Reinsurance broker Benfield revealed it is leading the industry's fight to develop a tsunami warning...
£60m Invaro action begins
The liquidator of failed personal injury specialist Invaro could begin court action to recover £60m ...
Appointment at International Underwriting Association
The International Underwriting Association has made Dave Matcham chief executive. ...
Appointment at Chartered Insurance Institute
The Chartered Insurance Institute has made two new appointments: Jessica Yeoh as the first manager o...
Appointment at MCE
Wellingborough-based insurance provider MCE has made Sharon Rolls manager of its dealer support team...
Appointment at Beazley Group
Beazley Group has made Andrew Pryde group actuary. He joins from Pricewaterhouse Coopers, where he g...
RSA chief roasts rivals
Brendan McManus is not impressed with his competition. The recent round of results has seen numerous...
RAC Auto Windscreens claims it can save insurers money
RAC Auto Windscreens claimed it can save motor insurers millions with a fully insured glass replacem...