News
G-SII determination to impact credit rates
Insurers included on the Financial Stability Board's list of global systemically important insurers could see a modest improvement in their credit profiles due to the higher risk and capital management standards imposed on them, Fitch Ratings said.
Axa appoints RSA’s Owen Shelley to Midlands role
Axa has named Owen Shelley as its senior mid-corp development underwriter.
Double compensation rule thwarts Silverstein's bid for WTC payout
World Trade Centre developer Larry Silverstein has failed in his bid to recover billions of dollars from the airlines whose planes were used in the 11 September 2001 terrorist attacks.
LV launches broker portal
LV Broker has launched an online portal for brokers.
Allianz denies it represents a systemic risk
Allianz has accepted the Financial Stability Board’s decision to name it as a global systemically important insurer but has denied it poses a systemic risk.
Allianz denies it represents a systemic risk
Allianz has accepted the Financial Stability Board’s decision to name it as a global systemically important insurer but has denied it poses a systemic risk.
Insurance Europe questions methodology used to create list of G-SIIs
Insurance Europe has questioned the methodology used to create the list of insurers identified as potentially posing systemic risk to the financial system saying it has not been sufficiently tailored to the insurance business model.
Wrong methodology used to create list of G-SIIs – Insurance Europe
The methodology used to create the list of insurers identified as potentially posing systemic risk to the financial system has not been sufficiently tailored to the insurance business model, Insurance Europe has said.
Generali accepts G-SII designation
Italian insurer Generali has acknowledged its designation as a global systemically important insurer by the Financial Stability Board.
Generali accepts G-SII designation
Italian insurer Generali has acknowledged its designation as a global systemically important insurer by the Financial Stability Board.
Brokers should review their processes following Swinton fine, says UKGI
UK General's compliance arm UKGI has called for brokers to review their process and internal policies in the light of Swinton’s £7.4m fine by the Financial Conduct Authority.
Generali, Prudential and Ping An among list of global systemically important insurers
The Financial Stability Board has published the list of global systemically important insurers with views to developing a policy framework to address the risks these firms they are thought to present.
Aviva, Allianz and Axa named as global systemically important insurers
The Financial Stability Board has published the list of global systemically important insurers with views to developing a policy framework to address the risks these firms they are thought to present.
Cunningham and Crawford roles cut following Aviva adjuster panel review
Aviva has reduced the roles of the UK’s two largest loss adjusters Cunningham Lindsey and Crawford on its commercial and specialist property adjuster panels - making room for more smaller firms - in response to broker feedback.
JLT Insurance Management strengthens board
Guernsey-based JLT Insurance Management has appointed Shaun Le Prevost to the board of the company with immediate effect.
Lloyd’s renews deal with FCA to avoid regulatory duplication
Lloyd’s of London has renewed an agreement originally signed with the Financial Services Authority in a bid to avoid duplicating regulation.
Lum appointed to Beazley Asia-Pacific role
Beazley has internally filled its political risks and trade credit underwriter role for Asia-Pacific, appointing Michael Lum.
Chinese insurers to trade in government bond futures
The Chinese Insurance Regulatory Commission has given approval to insurers to trade in government bond futures.
QBE Europe appoints Zurich’s Joe Gordon as COO
Joe Gordon has been appointed chief operations officer at QBE European Operations.
Zurich’s Joe Gordon new QBE Europe COO
QBE European Operations has appointed Joe Gordon as chief operations officer.
Bruce focusing on consultancy after short-lived RSA role
RSA has confirmed the departure of former distribution manager Cathie Bruce, four months after she left the firm on a “mutually agreed” basis.
ABI welcomes elderly care scheme
The Association of British Insurers has welcomed a scheme to cap the cost of care and support at £72 000 from 2016, with funding coming from the Treasury.
Beazley appoints Michael Lum to Asia Pacific role
Beazley has internally filled its political risks and trade credit underwriter role, appointing Michael Lum.
E-trading boss Thornton to leave NIG
NIG's director of e-trading is set to leave the Direct Line Group-owned business in October, Post can reveal.