News
SFO to take no action against Madoff UK arm
The Serious Fraud Office has completed its investigation into Madoff Securities International, the UK arm of Bernard Madoff's investment scheme, and has found insufficient evidence to take action against the firm.
CEIOPS agrees to co-operate closer with Swiss regulator
Members have also decided the Swiss supervisory regime of reinsurance undertakings equivalent to that applying to EU reinsurers.
CEIOPS agrees to co-operate closer with Swiss regulator
Members have also decided the Swiss supervisory regime of reinsurance undertakings equivalent to that applying to EU reinsurers.
US commercial insurance buyers take issue with Obama's budget blueprint
The Risk and Insurance Management Society, expressed its deep concern with plan to reduce or elminate the federal underpinnings of terrorism insurance.
MMC makes another US purchase
Marsh's US mid-market subsidiary Marsh & McLennan Agency said it has bought US broker Haake Companies for an undisclosed sum.
Obama aims to eliminate terrorism subsidy for insurers
Barack Obama has proposed eliminating insurers' terrorism subsidy in his 2011 Budget.
Osborne outlines UK recovery plan
Shadow Chancellor details the eight benchmarks against which it hopes its success to be judged if it wins the upcoming election.
Osborne outlines UK recovery plan
Shadow Chancellor details the eight benchmarks against which it hopes its success to be judged if it wins the upcoming election.
First Assist agrees ASU deal with Home & Protect
First Assist has been appointed to provide accident, sickness and unemployment products to Towergate arm and its network of advisors.
CIFAS reveals 55% increase in false insurance claims
The UK's fraud prevention service CIFAS has revealed a 9% increase in the overall level of fraud in 2009 compared to 2008.
Environment Agency backs new flood test centre
Simulator aims to recreate the devastating effects of a flood to test products designed to defend homes, businesses and people.
Former AIG vice president takes new non-exec role
Phil Green joins the Wesleyan Assurance Society board.
Former AIG vice president takes new non-exec role
Phil Green joins the Wesleyan Assurance Society board.
Munich Re's profits jump in 2009
Munich Re has reported that its profits rose to €2.56bn in 2009 from €1.58bn in 2008. The Germany-based reinsurance giant's fourth quarter profit also grew substantially, jumping to €0.78bn from €0.11bn in the fourth quarter of 2008.
Munich Re's profits jump in 2009
Munich Re has reported that its profits rose to €2.56bn in 2009 from €1.58bn in 2008. The Germany-based reinsurance giant's fourth quarter profit also grew substantially, jumping to €0.78bn from €0.11bn in the fourth quarter of 2008.
RGA profits improve
Reinsurance Group of America, the US life reinsurer, reported a substantial improvement in fourth quarter and yearly profits.
2010 to be a year of 'profitable stagnation', says Thiele
Partick Thiele, the chief executive of PartnerRe, has said that 2010 will be a year of "profitable stagnation", providing that no major catastrophes arise.
OFT considers Marsh and HSBC deal
The Office of Fair Trading has issued an invitation to interested third parties to comment on Marsh's planned takeover of HSBC Insurance Brokers.
Neste Oil to receive EUR 47.5m from reinsurers
Finnish oil refining company Neste Oil has announced that it will receive 47.5m euros from a syndicate of reinsurers following a fire at a refinery in April 2008
Neste Oil to receive EUR 47.5m from reinsurers
Finnish oil refining company Neste Oil has announced that it will receive 47.5m euros from a syndicate of reinsurers following a fire at a refinery in April 2008
Claims firm becomes Biba associate member
Nicholas Balcombe said his firm would bring Biba members highly skilled negotiation and claims management skills.
Paymentshield to match competitors
Paymentshield has launched a new price match facility on its Best Quote Buildings & Contents Insurance site.
Allianz household range goes live
Allianz Retail’s broker household product range, Allianz Clear, will be launched to over 500 Insurecom software users this month, forming the next stage of the range’s roll-out to Allianz Retail’s broker network.
Insurers given access to escape of water and accidental/malicious damage models
Experian has launched three new Perils models, providing insurance companies with greater insight into a household's level of exposure to escape of water, malicious damage and accidental damage.