News
Zurich: "Media has vital role"
The media has a vital role to play in the fight against fraud, according to Zurich claims fraud inve...
Rok opens in Mansfield
Property repair and maintenance specialist Rok has opened a new insurance claims centre in Mansfield...
Insurers to expect immense cost pressures - HSBC
Insurers will experience immense cost pressures, say experts at HSBC, driving more fierce competition.
RIMS supports NAIC proposal
The Risk and Insurance Management Society said that it was "encouraged" that the National Association of Insurance Commissioners has approved the Reinsurance Regulatory Modernization Framework Proposal at its recent Winter National meeting.
AM Best expects Ironshore's mixture of business to shift
Ratings agency AM Bset has said that it expects the hiring of Kevin Kelley as the new chief executive officer and Shaun Kelly as the new chief executive of Ironshore's US operations to have "some change to Ironshore's mix of business" in the future.
FSA hands out PPI fine
The Financial Services Authority has fined Egg Banking £721 000 for serious failings in its sales of credit card payment protection insurance, the organisation announced today.
CNA chief Enoizi steps in to take chairman role of insurance group
Julian Enoizi, president and chief executive officer, CNA Europe has been appointed as the new chair of The Prince’s Trust Insurance Leadership Group (ILG), following the decision by founding chair Steve Verrall to step down, writes Anthony Gould.
China Life Re raises capital
(BestWire) - China Life Reinsurance Co., an affiliate of China Reinsurance (Group) Co., received regulatory approval to raise its registered capital to 4.22 billion yuan (481 million euros) from 800 million yuan.
Allstate Financial CEO leaves
(BESTWIRE) - Two years after leaving life insurer Conseco to become the president and chief executive officer of Allstate Financial, James E. Hohmann is leaving the company on Jan. 5, US giant Allstate said.
MP calls for retention of employers' liability database
MP John Hemming has raised concerns in Parliament over moves to remove the Employers' Liability (Compulsory Insurance) Regulations 1998 that mandates the retention by employers of insurance certificates for at least 40 years.
Marsh targets Scottish public sector
Marsh has launched a dedicated public sector practice in Scotland.
Endurance MD confirms UK sale report
The boss of Endurance's UK insurance business has confirmed reports that the Bermudian insurance group plans to dispose of the business having decided it is non core.
Firms in talks to buy unit of AIG
Axa and Prudential are among a group of companies lining up to buy into AIG.
Reinsurers end legal battle with KNIC
London Market reinsurers have ended their long-running commercial court litigation with Korea National Insurance Corporation.
2009 Atlantic Hurricane Season predicted to be 35% above norm - TSR
The 2009 Atlantic hurricane season is forecast to be 35% about the 1950-2008 norm, according to research from Aon Benfield Re's Tropical Storm Risk research division.
Endurance to sell UK business - sources
Endurance, the Bermudian (re)insurer, is to sell its UK insurance business, industry sources told Reinsurance.
Ironshore names new CEO
Ironshore has named Kevin Kelley its chief executive officer and Bob Deutsch its president, the company’s chairman, Ron Sandler, announced today.
MYI recruits new executive director
International loss adjuster MYI, said it has appointed David Gillan as executive director. .
Lexington appoints new CEO after Kelley resignation
AIG has named Peter Eastwood as president and chief executive officer of Lexington Insurance Company, a unit of AIG Commercial Insurance and the nation's leading Surplus Lines carrier.
Law firm unveils new look cat loss team
Plexus Law, part of the Parabis Group, has unveiled a new look catastrophic loss team to be headed up by Kathryn Oldfield.
AIG General China still sees growth in Chinese non-life market
(BESTWIRE) Despite the problems associated with the current global economic downturn, the new chairman of American International Group Inc.'s China nonlife insurance unit said he is confident the rapid growth of China's economy will lead to profitable…
D&O writers bracing for high stakes litigation
D&O underwriters, as well as errors and omissions insurance providers who have financial institutions as clients, are now bracing for a new wave of claims driven by mega-bankruptcies and government-takeovers that have wiped out billions of private…
Swiss Re predicts severe recession in 2009 in industrialised economies; emerging markets better
Swiss Re's economists predict a severe recession until mid 2009 in industrialised economies, including the United States and Europe. In emerging markets, slower growth is expected but not a full-blown recession. In 2008, the insurance industry…
Aon to create 100 new jobs in Dublin
Tánaiste and Minister for Enterprise, Trade and Employment Mary Coughlan has announced that Aon is to establish a new global centre of excellence in Dublin. The investment is expected to create approximately 100 jobs, with the support of the Government…