News
Appointment at Jelf Group
The Jelf Group has recruited Paul Conn as senior independent financial adviser within Jelf Private C...
Bruce named as top choice
Groupama Insurances distribution and customer service director Cathie Bruce is to take up a new posi...
Board changes at MDU
The Medical Defence Union has appointed Dr Christine Tomkins as its new chief executive officer. She...
Appointment at Broker Direct
Broker Direct has hired Murray Gorman as head of sales. He has 10 years' experience in the insurance...
Co-op eyes growth via NU and store deals
Co-operative Insurance has signed a deal with Norwich Union for the latter to administer its commerc...
TCF not up for discussion
Two out of five insurers have not yet incorporated treating customer fairly into their business stra...
Meeting fails to address major PI costs question
The recent meeting with the Ministry of Justice about personal injury claims reform was "constructiv...
Appointment at Willis Group
The Willis Group has appointed Vince McGeehan as executive vice-president and managing director of W...
Withers opens in Cheshire
The Withers Group has opened a new office in Warrington, Cheshire, servicing insurance and construct...
Ace tipped to move for Transatlantic Re
Bermudian insurance giant Ace has been tipped to make a move for AIG's majority shareholding of Transatlantic Re.
Pet insurance market touted for major growth
A new report by independent market analyst Datamonitor reveals that the pet insurance market is one of the fastest growing insurance markets in the UK and is set to expand further.
Fitch updates AIG rating
Ratings has revised its Rating Watch on American International Group to 'Evolving' from 'Negative'.
HBoS/Lloyds TSB merger would create top UK 10 insurer
The announcement that Lloyds TSB and HBoS are in talks over a merger has raised the prospect of a new insurance powerhouse which would be ranked among the top 10 in the UK based on gross written premium.
UK insurance giant reveals AIG hit
Norwich Union has become one of the first major UK's insurers to reveal its exposure to AIG.
Greenberg may lead a bid to take over AIG or lend it cash
American International Group's chairman may lead a bid to take over the troubled insurer, or loan it enough money to withstand its current liquidity crisis.
Swiss Re outlines exposure to Lehman Brothers, AIG
Swiss Re, the reinsurance giant, said it has 50m CHF of exposure to collapse investment bank Lehman Brothers.
US governor backs fed rescue plan
New York governor David Paterson has voiced support for the the US government's decision to bail out AIG with an $85bn loan from the federal reserve bank.
AIG says $85bn loan will give company time to sell assets
AIG, the stricken insurer that was rescued by the Federal Bank of New York with an $85bn, has said that the deal will give it time to "sell assets in an orderly fashion".
AIG CEO resigns, former Allstate CEO Liddy takes place
AIG chief executive Robert Willumstad has resigned, and will be replaced by former Allstate chief executive Edward Liddy.
Federal Reserve Bank of New York saves AIG
The Federal Reserve Bank of New York saved AIG last night with a two-year, revolving $85bn revolving credit facility that will ensure that company meets its liquidity needs.
Aegon to take future of financial advice to party conferences
AEGON will host a series of breakfast roundtable discussions at each of the three main political party conferences in September and October, teaming up with the Social Market Foundation (SMF).
Aviva reveals debt exposure to Lehman Brothers
Aviva’s total debt exposure to Lehman Brothers was £270m at face value at close of business on 15 September 2008, the company has announced.
AM Best downgrades Lehman Re
US ratings agency AM Best has downgraded the financial strength rating (FSR) to B (Fair) from A- (Excellent) and issuer credit rating (ICR) to “bb” from “a-” of Bermudian reinsurer Lehman Re, which is the wholly-owned reinsurance subsidiary of collapsed…
Greenberg: Sale of AIG assets could raise $20bn
AIG could raise $20bn if it sold some of its assets, said former president and chief executive Hank Greenberg on a US TV interview today.