News
AIG repays American taxpayer another $4bn
AIG has applied nearly $4 bn received from International Lease Finance Corporation to the Federal Reserve Bank of New York Revolving Credit Facility, reducing AIG's outstanding principal balance to slightly more than $15 bn, not including accumulated…
Aon Benfield begins roll out of new online portal with US launch
Aon Benfield has launched ABConnect, a new online portal that offers clients any-time access to their account data with the aim of improving transparency.
US East coast on alert as tropical storm Danielle gathers pace
At 21:00 UTC on Sunday, 22 August, RMS reports a tropical depression (six) located about 770 miles (1240 km) west of the southernmost Cape Verde Islands in the Atlantic Ocean, developed into the fourth named storm of the 2010 Hurricane Season – Tropical…
AIG repays American taxpayer another $4bn
AIG has applied nearly $4 bn received from International Lease Finance Corporation to the Federal Reserve Bank of New York Revolving Credit Facility, reducing AIG's outstanding principal balance to slightly more than $15 bn, not including accumulated…
Aon Benfield begins roll out of new online portal with US launch
Aon Benfield has launched ABConnect, a new online portal that offers clients any-time access to their account data with the aim of improving transparency.
Three new entries in IFB ‘cash for crash’ tables
Sheffield, Leicester and Warrington have been named as new entries in the Insurance Fraud Bureau’s top 20 regional hotspots for 'cash for crash' activites.
Endsleigh launches “unique” student policy
Student insurer Endsleigh has launched an insurance policy specifically tailored for groups of students living together.
Groupama unveils senior claims team
Groupama Insurances has confirmed the line up for its new claims management team, reporting to claims director Phil Bird.
CEA calls on industry to participate in QIS 5
The CEA has urged insurers “both large and small” to take part in the European Commission’s fifth Solvency II quantitative impact study.
CEA calls on industry to participate in QIS 5
The CEA has urged insurers “both large and small” to take part in the European Commission’s fifth Solvency II quantitative impact study.
Questgates expands claims team
Questgates has expanded its environmental team by recruiting two new claims handlers.
Crisis Survivor appoints new chairman
Risk management firm Crisis Survivor has named former Prudential Financial executive Michael Walker as its new chairman.
MMA names property underwriter
Insurer MMA has appointed Dennis Chapman as an account underwriter for the commercial property owners product.
Lloyd's doubles actuarial resource as Solvency II looms
Managing agents at Lloyd’s have seen significant growth (49%) in actuarial resources over the last three years as the demands on managing agents from Solvency II develop, according to a new survey.
Lloyd's insurer Equity co-operating with FSA over investigation
Equity Red Star is reported to be under investigation by the Financial Services Authority over concerns about the impact of bodily injury claims on its balance sheet.
Admiral rules out RBSI bid due to price and likely OFT challenge
Motor insurance group Admiral has ruled itself out of any bidding war for the Royal Bank of Scotland Insurance businesses including Direct Line and Churchill.
Amlin H1 GWP hits £1.5bn, bolstered by 2009 acqusiition
Amlin has reported a profit before tax of £107.6m (H1 2009: £177.1m) for the first six months of 2010 on gross written premium of £1.5bn (H1 2009: £950.1m).
Hiscox profit falls to £97.2m in H1 but ready for "surge" in growth
Hiscox this morning reported a profit before tax of £97.2m for the first six months of 2010 (H1 2009: £141.4m) on gross premiums written of £904.3m (H1 2009: £906.0m).
Amlin H1 GWP hits £1.5bn, bolstered by 2009 acqusiition
Amlin has reported a profit before tax of £107.6m (H1 2009: £177.1m) for the first six months of 2010 on gross written premium of £1.5bn (H1 2009: £950.1m).
Hiscox profit falls to £97.2m in H1 but ready for "surge" in growth
Hiscox this morning reported a profit before tax of £97.2m for the first six months of 2010 (H1 2009: £141.4m) on gross premiums written of £904.3m (H1 2009: £906.0m).
Towergate launches new website
Towergate Underwriting has launched a new website which it says will be easier for brokers to use.
Aviva wins out in Santander Bank household insurance tender
Aviva has won a competitive tender process for the distribution of household insurance products to Santander.
Chubb celebrates chartered status
Chubb is the first insurer to be awarded chartered insurer status in the UK.
Allianz unveils German acquisition
Allianz Real Estate Germany has acquired about 80 retail assets of the discount market Aldi Süd from Aldi Grundstücksgesellschaft gmbH & Co KG.