News
Aviva loses 'A' rating as S&P downgrades UK group
Standard & Poor's has lowered Aviva PLC’s long-term counterparty credit rating by one notch to 'A-' from 'A', and its long-term counterparty credit and insurer financial strength ratings on all of the group's core operating subsidiaries by one notch to …
Aviva suffers ratings downgrade amid strategic overhaul
Aviva has been hit with a Standards & Poor’s ratings downgrade following concerns about the cost and risks of delivery associated with its strategic plan.
Zurich sees decline in European GI profit as pension and commission expenses bite
Zurich Insurance has reported a business operating profit of $2.5bn for the six months ended 30 June 2012, up 17% on 2011.
Zurich CEO Senn attributes rising profits to 'working' global strategy
Zurich group chief executive Martin Senn has described the firm’s international half year business operating profit of $2.5bn (£1.6bn) as being testament to a functional global strategy.
US global corporate boss Kerner appointed CEO of Zurich GI
Zurich has appointed North American global corporate chief executive Michael Kerner, pictured, to the role of CEO of the insurer's general insurance segment.
Zurich appoints new general insurance CEO
Zurich Insurance Group has appointed Michael Kerner as CEO of general insurance from 1 September subject to regulatory approval.
Market moves: Markel, Canopius and Aon lead the way
Axa was in the recruitment spotlight once again, after making a further reshuffle of its senior management, and the week belonged to insurers.
Law report: School did not breach duty of care to drowned pupil
Law reports contributed by national law firm Berrymans Lace Mawer.
Law report: Motor insurer not liable in taxi driver sexual assault case
Law reports contributed by national law firm Berrymans Lace Mawer.
Law report: Court accepts 'duty of care' argument
Law reports contributed by national law firm Berrymans Lace Mawer.
Lark buyout casts doubt on long-term viability of insurer-owned brokers
The management buyout of Lark after five years of Groupama ownership has raised questions over the long-term viability of insurers taking controlling stakes in broking businesses.
Aviva bullish 'take-two' on telematics will put consumer take-up woes to bed
Aviva has defended its decision to re-enter the private car telematics space, four years after pulling out of a market it helped pioneer only to suffer poor take-up, stressing that consumers are now ready to embrace a less intrusive form of the 'black…
Willis: Unprecedented stability in the aviation market
A lack of large losses has created stability in the aviation market, according to a report by broker Willis.
BLG expands building insurance offering
Specialist broker Building and Land Guarantees has launched two further warranties for the construction industry under its Shield range.
Statement of Principles extension mooted as flood solution sticking plaster
Extending the Statement of Principles may have to be explored as a stopgap if discussions between industry and the government over a long-term flood risk solution rumble on, despite insurers insisting that they will not back down in this way.
Merlin clients and staff seek new homes after facilities firm quits takeover talks
After almost two decades in the insurance industry, loss adjuster Merlin Claims went into administration last week, arguably the victim of a private equity deal that saddled it with too much debt and a dwindling client list.
Brightside recruitment tops 1000 in south west after Asda win
Brightside has recruited 48 people in the south west as a result of the broker's recent partnership with Asda.
Henderson smells success after winning cheese maker deal
Henderson Insurance Brokers Teesside has won a contract handling cheese maker Wensleydale Creamery's insurance needs.
Towergate confirms London Markets roles at risk
Towergate has confirmed this morning that employees in its London Markets business are subject to a period of consultation, which could result in redundancy.
Aviva backs Pedal Safe cycling insurance
Aviva, Brit and Jubilee have begun jointly underwriting cyclist insurance product Pedal Safe.
FOS receives more than 1000 PPI claims a day
The Financial Ombudsman Service has revealed that it now receives 1500 payment protection insurance complaints every day, taking the overall total beyond 400 000.
Foreign Office launches travel campaign
The Foreign Office and Abta have unveiled a campaign urging holidaymakers to take out travel insurance, highlighting the dangers of balcony jumping.
'We've stopped the rot', says Oval CEO Blanc ahead of results
Oval Insurance Brokers will report a 6% boost in gross sales and a "headline profitability" of £15m when it publishes its results for the year ending May 2012 later this week.
Cobra directors Zandler and Lincoln resign
Two Cobra directors have resigned from the broker less than a month after shareholders accepted Alto Intermediary's offer to acquire the business.