News
Reduced US collateral requirements to benefit reinsurers – Moody’s
While most counterparty security procedures are getting stricter, global reinsurers are poised to benefit from reduced collateral requirements, which will be credit positive for their bondholders, according to the ratings agency.
Deregulation of health and safety legislation is going to be "challenging"
This is according to Garwyn, who has responded to Lord Young's announcement that he will be conducting a review of health and safety legislation to crack down on the compensation culture in the UK.
First hurricane of 2010 season forms
Hurricane Celia, the first hurricane of the 2010 Pacific season, formed in the eastern Pacific Ocean near Mexico on Sunday but headed away from land, the US National Hurricane Center said.
Argo poaches Roberts from Aon Benfield
Argo International has appointed Craig Roberts as class underwriter of its international treaty team following the departure of James Braddock.
Moorhouse signs first start-up
Welsh broker Moorhouse is soon to launch its first business under Moorhouse Enterprise, set up to support the next generation of broker start-ups.
CFC names first ever product manager
Underwriting agency CFC has appointed Nigel Gent to the newly created role of products manager.
Liberty expands French operation
Liberty International Underwriters in Europe has established an underwriting presence in France for trade credit and political risk business with the appointment of Alexandre Egnell as assistant vice president, trade credit and political risk.
Liberty expands French operation
Liberty International Underwriters in Europe has established an underwriting presence in France for trade credit and political risk business with the appointment of Alexandre Egnell as assistant vice president, trade credit and political risk.
Brit shareholders would back improved Apollo bid, claims report
Brit Insurance shareholders would reportedly back an improved bid by Apollo, the US private equity house, if one is forthcoming.
Brokers concerned over Quinn duty of care legal action
Insurance brokers are worried they may not be able to rely on disclaimers given to clients who placed business with Quinn Insurance, according to reports.
Brit shareholders would back improved Apollo bid, claims report
Brit Insurance shareholders would reportedly back an improved bid by Apollo, the US private equity house, if one is forthcoming.
Brokers concerned over Quinn duty of care legal action
Insurance brokers are worried they may not be able to rely on disclaimers given to clients who placed business with Quinn Insurance, according to reports.
DAS takes corrective action on rates
DAS has claimed it is on target to achieve record growth during 2010 as annual premium income rose £19m during the first five months of the year.
CBG issues IPT warning
CBG Group has warned that increasing the level of insurance premium tax is likely to deter customers from buying adequate cover.
Ordnance survey mapping to detect fraud
OS Open Data, Ordnance Survey’s mapping and data portal, allows banks and insurance firms free access to key geographic datasets for the first time.
Cunningham Lindsey combats travel insurance fraud
Cunningham Lindsey has launched a system to combat travel insurance fraud and adding details of almost one million claims to its database.
Aviva appoints CRS chief
Insurance giant Aviva has ended its search for a corporate risk solutions head by announcing Dipak Warren is to lead the division.
Alpha Underwriting launched
Alpha Underwriting has been established to handle corporate travel and personal accident cover.
CII launches London market qualification
The Chartered Insurance Institution has outlined its new award in London Market Insurance.
Questgates adds to property team
Specialist loss adjustor Questgates has made a number of new appointments to its property team.
FSA to investigate Brit buy-out leak
The Financial Services Authority is investigating the leak of Apollo's takeover approach of Brit Insurance.
IUA calls for "well informed" insurance regulator
The International Underwriting Association has called on the coalition government to ensure that there is a strong insurance prudential regulator as part of its shake-up of the financial services industry.
China regulator aims to open more investment channels for insurers
The China Insurance Regulatory Commission (CRIC) is discussing loosening the investment channels of insurance companies, according to newswire the Xinhua News Agency.
XL Re becomes first Bermudan reinsurer to qualify as eligible in Florida
XL Re, the global reinsurance operations of XL Capital has announced that it has received approval from the Florida Office of Insurance Regulation (FIR) to qualify as an “Eligible Reinsurer” in Florida, pursuant to requirements set forth by the Florida…