News
GI industry braces for battle with Ceiops
The Committee of European Insurance and Occupational Supervisors has been urged to lower its solvency capital requirement standard formula following the opening of the pre-application process for internal models.
Bosses back Tory NI pledge
Axa UK group chief executive Nicolas Moreau and his Jardine Lloyd Thompson counterpart Dominic Burke were among 23 UK business leaders who publicly backed the Conservative party's pledge on National Insurance.
Goldean to step down from Scottish Re
Scottish Re Group, the (re)insurer in run-off, said that its president and CEO Paul Goldean will step down at the end of the month.
Quake hits Indonesia
An earthquake has struck off the coast of Indonesia, news reports have said, however so far no significant damage has been reporter.
Charles Taylor appoints new insurance board
A new board of directors has been appointed at Charles Taylor Insurance Services as the latest stage of the development of the business.
RSA and Catlin confirm FSA solvency II support roles
RSA and Catlin have been named as two of the insurers which worked with the Financial Services Authority on a Solvency II pilot scheme to design the internal models and work out how they will be approved by the regulator.
Beazley latest Lloyd's insurer to give first quarter nat cat estimates
Beazley today announced its estimated net losses arising from the earthquake in Chile over the weekend of 27 to 28 February 2010 to be in the range of $55m to $75m.
AIG CEO confident successor can come from within its ranks
Robert Benmosche, AIG's second chief executive since its government bailout, expects to be at the insurer for up to two more years, according to Bloomberg News.
RSA and Catlin confirm FSA solvency II support roles
RSA and Catlin have been named as two of the insurers which worked with the Financial Services Authority on a Solvency II pilot scheme to design the internal models and work out how they will be approved by the regulator.
AIG CEO confident successor can come from within its ranks
Robert Benmosche, AIG's second chief executive since its government bailout, expects to be at the insurer for up to two more years, according to Bloomberg News.
State of emergency declared in Mexicali
Initial damage reports from the 4 April earthquake suggest that the majority of the damage is focused around the city of Mexicali which was the closest city to the epicenter with a population of around 1.2 million.
Aegon disposes of Dutch business
Aegon has completed the sale of its funeral insurance business in the Netherlands to Dutch investment firm Egeria for EUR 212m.
Aegon disposes of Dutch business
Aegon has completed the sale of its funeral insurance business in the Netherlands to Dutch investment firm Egeria for EUR 212m.
Munich Reinsurance drops America
Munich Reinsurance America has changed its brand name to Munich Re and adopted the Munich Re logo for all marketing materials, the company declared today.
Munich Reinsurance drops America
Munich Reinsurance America has changed its brand name to Munich Re and adopted the Munich Re logo for all marketing materials, the company declared today.
Torus enters UK financial lines with new underwriting agency
Torus UK has entered into the financial lines marketplace in London through a newly formed underwriting agency Torus Executive Risks.
Liberty appoints satellite specialist
Liberty Syndicates has signed a contract with Intelsat for the provision of technical support to the satellite insurance account.
US Treasury adds two execs to AIG board
The US Treasury has appointed two senior executives to serve on AIG’s board of directors, the company said today.
Election set for 6 May
Prime Minister Gordon Brown is preparing to announce that the UK general election will be held - as widely predicted - on 6 May.
MMA signs up to SIRA in fight against fraud
MMA has announced that the company has signed up to the system Syndicated Intelligence for Risk Avoidance system, joining a number of insurers and financial organisations in the fight against claims fraud.
Election set for 6 May
Prime Minister Gordon Brown is preparing to announce that the UK general election will be held - as widely predicted - on 6 May.
US mine explosion claims 25 lives
An explosion in a mine in West Virginia has killed at least 25 people, various news agencies have reported.
US property and casualty coverages dip
The composite rate for property and casualty coverages in the US was down 4% for March this year according to MarketScout. It said the composite rates for February 2009 and 2010 were down 8% and 5% respectively.
Cash for crash ring brought to justice
Following a detailed fraud investigation by Merseyside police's crime operations unit, 25 defendants have received sentences ranging from imprisonment to community orders.