Personal
AIG and others awarded $141m in Banc of America lawsuit settlement
(BestWire) - American International Group and a group of insurance and financial institutions have been awarded $141m from Banc of America Securities LLC in a lawsuit charging misrepresentation of risk in a 1998 securities sale.
Marsh predicts hardening in accountants' PI
Deteriorating economic conditions and a subsequent rise in company insolvencies will increase the number of claims against accountants and auditor firms, according to Marsh.
Lloyds TSB introduces monthly PPI product
Lloyds TSB will launch a new payment protection insurance (PPI) product for personal loan customers in January 2009.
Aon launches new export guide
Aon has issued a new guide which aims to help British companies take advantage of the weak sterling and associated export opportunities.
AIG's Liddy cools down asset sale rumours
AIG chief executive Edward Liddy has scotched rumours that the company may be selling up to $15bn of assets by the end of the year.
Appointment at Catlin Group
Catlin Group has strengthened its crisis management underwriting team with the addition of two produ...
Appointment at Open GI
Open GI has promoted Jason Wheelhouse to the role of national sales manager. Mr Wheelhouse was previ...
Piracy risk sees glut of policies launched for ship owners
The insurance industry has responded to the hijacking of Saudi oil tanker Sirius Star and the growin...
Aon recruits 100 in Dublin
Aon is to establish a new global centre of excellence in Dublin. The investment is expected to creat...
Shariah firm set to launch on web
The UK's first Shariah-compliant insurance company is set to launch on price comparison websites in the new year.
Aon strikes new HNW deal
John Sims, chief executive officer of Lorega, has said a new deal signed with Aon Private Clients co...
Chubb enhances lines
Chubb Insurance has enhanced its various mid- and high-net worth product lines, with the changes set...
Liberty plans product recall for London market
Liberty Mutual Insurance Europe will underwrite product recall insurance from the first quarter of 2...
Zurich readies itself for rival 'meltdown' with action plan
Zurich has put an action plan in place, including a list of business it would be interested in acqui...
Hiscox US expansion
Hiscox is shedding a small specialist insurance and reinsurance team in Bermuda, but plans to expand...
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.
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.
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.
Oval report increase in annual turnover after releasing financial results
Oval has released its results, showing its profit before tax has increased by 16% to £4.6m. the company said it was pleased with its progress after its group revenues increased by 38% from £60m to £83m.
KGM offers extended non-comprehensive motor cover
KGM Motor Insurance has launched TPF&T Plus, a new enhanced third party fire and theft policy.
BLD wins major contract
BLD Group, a specialist motorcycle claims management company, has won back the ACM ULR motorcycle account after a gap of nearly two years, the company announced.