Personal
Aflac CEO Amos forgoes $26m 'golden parachute'
BestWire) - US supplemental insurer Aflac said that chairman and chief executive officer Daniel Amos will give up about $26m in "golden parachute" provisions in his employment contract.
Travelers extends directors' & officers' cover
Travelers has expanded its directors' and officers' (D&O) cover by rewording its DirectorXpress policy to include over thirty new coverage enhancements.
Southern California wildfires abate - AIR
According to catastrophe risk modeling firm AIR Worldwide, strong winds, with near hurricane-force gusts, fanned three separate fires this weekend in Southern California. More than 40,000 acres (about 62 square miles) have been scorched from Santa…
Age Concern says plan to retest all older drivers is "discriminatory"
Some 89% of older people think bad drivers of any age should be retrained, according to Age Concern.
PMI Health Group sales hit record levels
PMI Health Group saw its best financial year with 9.5% growth for the year to June 2008, on an annual turnover of nearly £8 million.
Beazley appoints new CFO from Zurich
Beazley has appointed Martin Bride as group finance director.
ABI slams point of sale PPI ban
The Association of British Insurers says the Competition Commission's proposal to stop point of sale payment protection insurance selling is "devastating news for borrowers".
Chaucer sees positive results despite tough climate
Chaucer saw its premium income increase nearly 17% from the same time last year despite increased risks from hurricanes Gustav and Ike, the company announced today.
Workplace bullying is rife in the insurance sector
Employers in the insurance sector are failing to tackle workplace bullying, with 72% blaming lack of...
GHG to sponsor rugby team
London Irish has secured a sponsorship agreement with the Graham High Group under which the chartere...
RSA plays down staff losses after outsourcing risk work
RSA is to outsource its risk surveyor work to Riskstop making approximately 40 staff redundant, Post...
Ex-MMA director returns with Tradex role
Bob Still, former customer services director at insurer MMA, is set to return to the sector followin...
RSA cites good health to revive broker spirit
RSA's financial strength should boost broker confidence, after the insurer reported an 11% rise in g...
Keeping the faith
Risk Report
Swiss Re in restructure
Tim Carroll, UK chief executive officer of Swiss Re, will leave his role in early 2009 following a c...
Selling yourself short
Risk Report
KGM opens claims centre
Specialist motor insurer KGM is to open a claims centre in Chelmsford in the new year. Active underw...
CBG Group raises £1.65m through shares
AIM-listed broker CBG Group has its eye on growth after raising £1.65m through an arrangement to pla...
The science of stress
Claims: Occupational stress
Arig turns in Q3 net loss
Arig, the Middle Eastern (re)insurer, announced a net loss of $10.8 m for the first nine months of 2007, down from a net profit of $10.3 in the first nine months of 2008. The group blamed "the global financial turmoil and the steepest fall in recent…
WR Berkley to buy Norwegian specialty insurer
WR Berkley said it has signed a letter of intent to acquire Oslo, Norway-based NEMI Forsikring ASA, which focuses on specialty lines of insurance.
IAG outlines 2009 strategy after loss-making year
(BestWire) — Insurance Australia Group Ltd. said it is "on track" in its business improvement effort, coming off a loss-making fiscal year which saw the group rebuff a takeover attempt from larger rival QBE Insurance Group Ltd.
Dodd leaving Acturis
The director of Acturis Mike Dodd has decided to leave the company for personal reasons.
Healthcare package launched for the self pay market
Medical Care Direct (MCD) has launched Inclusive Healthcare, a new scheme for individuals who pay for private medical treatment themselves (self pay market). MDC said the aim will be to help them cut private medical bills and provide logistical, advisory…