News
Generali granted Vietnamese licence
Generali is to begin operating in Vietnam after the Vietnamese Ministry of Finance granted Generali Group managing director Sergio Balbinot a licence to run life insurance operations in Asia’s second fastest growing economy.
Generali granted Vietnamese licence
Generali is to begin operating in Vietnam after the Vietnamese Ministry of Finance granted Generali Group managing director Sergio Balbinot a licence to run life insurance operations in Asia’s second fastest growing economy.
Online insurance specialist announces MBO
The management team of the Ancile Insurance Group has agreed to purchase the entire share capital of the business from its shareholders.
Glaser to take on new role at Marsh & McLennan
Daniel Glaser has been appointed group president and chief operating officer of Marsh & McLennan Companies.
Part 2 - Countdown to Biba 2011: the changing regulatory landscape
With the British Insurance Brokers' Association conference now less than three weeks away, Post and Insurance Age editor-in-chief Jonathan Swift sat down with the Biba CEO Eric Galbraith to discuss some of the major issues which are likely to come to the…
Merlin moves to new NI office
Claims management company Merlin is set to move to new premises in Belfast, Northern Ireland.
Broker UIB reveals involvement in Space Shuttle insurance coverage
United Insurance Brokers and Space Partnership International have revealed that they have placed insurances for commercial payloads flying on the penultimate STS Shuttle mission (STS134), currently scheduled for the 29 April.
Aon names captive and insurance management CEO
Aon Risk Solutions has appointed Peter Mullen as chief executive officer of its global risk consulting’s captive and insurance management operations.
Beazley boss still expects mid 90s COR despite major losses
Lloyd's insurer Beazley this morning said premiums reduced by 3% to $426m (2010 $438m) in the first three months of 2011, with premium rates on renewal business decreasing by 1%.
Fitch affirms Ageas Holding and operating companies
Fitch Ratings has affirmed AG Insurance's Insurer Financial Strength (IFS) rating at 'A+' and long-term Issuer Default Rating (IDR) at 'A'.
Chaucer rating unchanged as largest shareholder rejects bid
AM Best Europe has said that the financial strength rating of A (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 1084 and the ICR of “bbb” of Chaucer Holdings are unchanged following the announcement that the board of CH has…
Fitch affirms Ageas Holding and operating companies
Fitch Ratings has affirmed AG Insurance's Insurer Financial Strength (IFS) rating at 'A+' and long-term Issuer Default Rating (IDR) at 'A'.
Imperial invests in staff training centre
Building claims validation specialist Imperial Consultants is spending £1m on a new staff training centre.
Brightside looks to diversify as talks held with Arch
Brightside is in talks to add Arch Capital to its panel of commercial insurers, as the broker aims to move into a series of new risks in its commercial portfolio.
North of the Border: Damages (Scotland) Bill
The Damages (Scotland) Bill passed the final stage of the Scottish parliamentary process on 3 March 2011. The Bill received Royal Assent on 7 April, after which it will become an Act during the course of the new parliament following elections next month.
Editor's comment: an unfamiliar feeling
As they head off for a well-earned break over the Easter weekend, UK motor insurers may well be struck by an unfamiliar feeling. Contentment.
Confusion over Solvency II as FSA revises model plans
Solvency II experts have voiced concerns over the uncertainty surrounding the incoming European Union legislation, after the Financial Services Authority revealed revised plans for its handling of internal model applications.
CIE scheme campaign set for May launch
The Continuous Insurance Enforcement scheme is set to be jointly launched by the Association of British Insurers and Motor Insurers' Bureau next month.
New Towergate chairman circumspect on IPO plans
Towergate listing on the London Stock Exchange is "no pre-conceived certainty", according to new non-executive chairman Alastair Lyons.
EL insurers celebrate appeal victory
Employers' liability insurers have avoided claims worth "hundreds of millions" of pounds following a successful appeal in Baker v Quantum, law firm Weightmans has claimed.
Rehab start-up abandoned as Merfield enlists at Spring
The founder and former clinical director of rehabilitation provider HCML, Helen Merfield, has abandoned her start-up project Nexus Rehabilitation just two months after its launch marked her return to the rehabilitation sector.
Year-long minimum wait for asbestos claimants
More than 1000 Scottish pleural plaques claimants will have to wait until at least mid-2012 before any decision is made on whether they can be compensated for their condition.
30 staff to be cut as part of Quinn buyout
Thirty additional staff are set to lose their jobs at Quinn Insurance after a joint venture between Liberty Mutual and Anglo Irish Bank was confirmed as the preferred buyer for the business.
Solicitors' PI heading for crisis in capacity
The solicitors' professional indemnity market could face a capacity crisis following controversial plans to retain the assigned risks pool until 2013, the insurance industry has warned.