News
Ace strikes global deal
Ace has appointed Cega Group Services to support its corporate travel insurance policyholders with the provision of emergency medical assistance.
Lorega CEO Sims quits over "difference of opinion" about direction
Loss recovery insurance specialist Lorega has announced today that John Sims has resigned with immediate effect.
Aviva launches thermal imaging fire risk scheme
Insurance giant Aviva has launched a new thermal imaging initiative aimed at cutting the risk of machinery fires.
Sampo denies Quinn rumours
Sampo has denied rumours it is in talks over purchasing troubled Irish insurer Quinn in the Finnish press.
Lib-Con targeted FSA to recruit 460 more staff
The Financial Services Authority has confirmed that its annual funding requirement for 2010/11 is £454.7m following a consultation.
FSA extends PPI complaint time
The Financial Services Authority has introduced a temporary rule to allow payment protection insurance policyholders more time to refer complaints to the Financial Ombudsman Service.
Prudential faces ‘no’ votes over AIA deal
F&C Investments and Cavendish Asset Management, two investors in the insurer Prudential, have both indicated they are to vote ‘no’ on the firm’s proposed acquisition of AIG’s Asian arm, AIA
Confused names first CMO
Aggregator Confused has appointed former Directgov communications director Mike Hoban as its first-ever chief marketing officer.
Prudential confirms talks to renegotiate AIA deal
Prudential said it was trying to negotiate a cut in the $35.5bn it has agreed to pay for AIG's Asian unit, AIA, amid fears its shareholders might block the deal as too expensive.
Asian insurers need to become customer driven, Whittington says
General insurers in Asia need a closer relationship with their customers, and the direct distribution model is a critical success tool in achieving this objective, according to Charles Burgess, managing director of Whittington Asia Pacific.
US government predicts up to 23 Atlantic storms
National Oceanic and Atmospheric Administration (NOAA) predicts “one of the most active [hurricane] seasons on record.”
AIR: Deepwater spill could affect hurricane season
A report from the modeling firm says that effects of the spill on hurricane season are likely to be minimal but there is a chance the oil could act to prevent or encourage hurricane formation.
European windstorm estimate downgraded
Perils AG has today disclosed its second loss estimate for Windstorm Xynthia, which occurred at the end of February 2010.
NIG raids Zurich for new key accounts head
NIG has appointed Chris Woollam as head of key accounts.
MMA names Chelmsford team
MMA has named the team that will lead its new regional office in Chelmsford, part of the insurer’s commercial lines expansion announced in March.
European windstorm estimate downgraded
Perils AG has today disclosed its second loss estimate for Windstorm Xynthia, which occurred at the end of February 2010.
NIG raids Zurich for new key accounts head
NIG has appointed Chris Woollam as head of key accounts.
Irish government to offload health insurer
The Irish Government has revealed it is to sell state-owned medical insurer VHI after injecting capital into the state owned firm.
Ageas reduces Southern European exposure with EUR 4.8bn sell off
Ageas has reported that between 10 May and 21 May it has sold additional Southern European government bonds for a total amount of EUR 4.8bn (at historical/amortized cost).
Irish government to offload health insurer
The Irish Government has revealed it is to sell state-owned medical insurer VHI after injecting capital into the state owned firm.
Ageas reduces Southern European exposure with EUR 4.8bn sell off
Ageas has reported that between 10 May and 21 May it has sold additional Southern European government bonds for a total amount of EUR 4.8bn (at historical/amortized cost).
QBE opens Canada Lloyd’s office
QBE has opened an office in Toronto to service its Lloyd’s business for the Canadian commercial insurance market.
Swiss Re successfully places $150m natural catastrophe risk for Allianz
Swiss Re Capital Markets has structured and placed $150m of insurance linked securities issued by Blue Fin covering US hurricane and earthquake risk.
Aviva hires M&A director from Morgan Stanley
Aviva has appointed Jason Windsor as group strategy director, responsible for leading the strategy and M&A teams at Aviva.