Regulation
Aviva outlook revised to negative from stable by S&P
Standard & Poor's Ratings Services said today it revised its outlook on Aviva and certain related operating entities to negative from stable. At the same time, the 'A+' long-term counterparty credit rating on Aviva PLC and the 'AA-' long-term…
XL Insurance launches environmental endorsement
XL Insurance has launched its environmental endorsement for general liability policies issued in the UK.
Costa Coffee tongue insured for £10m
Italian Master of Coffee at Costa Coffee Gennaro Pelliccia has insured his tongue for £10m with Lloyd's of London.
China should establish catastrophe insurance - report
China should establish catastrophe insurance as soon as possible, Wei Yingning, vice-chairman of the China Insurance Regulatory Commission is reported to have said Sunday.
Biba says FSA fee structure is inequitable
The British Insurance Brokers' Association has responded to the Financial Services Authority consultation paper on its proposed fees and levies for 2090-10 by demanding change.
Lloyd's insurer gives Chaucer talks update
Novae has given an update on its ongoing discussions with Chaucer today.
Hartford in talks to sell life insurance business - report
The Hartford, the embattled US insurer, is in talks to sell its life insurance business, the Wall Street Journal has reported.
Reflections on 1999
With 10 weeks to go before this year's British Insurance Brokers' Association conference, P...
S&P downgrades outlook on Emirates Insurance
Standard & Poor's Ratings Services said today that it revised its outlook on Abu Dhabi-based Emirates Insurance (EIC) to negative from stable in response to the heavy decline in the company's capital adequacy at Dec. 31, 2008, and the heightened…
London market insurer enters contingency market with Scor hire
Aegis London has announced that in line with its diversification strategy, it is to start underwriting a range of contingency risks including event cancellation, adverse weather cover and prize indemnity. The new contingency team will be led by senior…
China Life not bidding for AIG unit - reports
China Life, the Chinese life insurance giant, said it will not bid for AIG's Asian operations, Reuters has reported.
S&P removes AIG from Credit Watch
Standard & Poor's Ratings Services has affirmed its supported 'A-/A-1' counterparty credit rating on AIG and its 'A+' counterparty credit and financial strength ratings on its insurance subsidiaries.
AIG forms new general insurance holding company
AIG said that it is intends to form a general insurance holding company, including its Commercial Insurance Group, Foreign General unit, and other property and casualty operations, to be called AIU Holdings, Inc., with a board of directors, management…
RSA rating unchanged after results
Standard & Poor's has confirmed the ratings and outlooks on the core operating entities of RSA(main operating entities rated A/Stable/--) are unchanged following the release of the group's 2008 results.
Global markets send Arig to 2008 loss
The dramatic decline in the global equity markets triggered a revaluation in the invested assets hel...
Interview - Banging the regional drum
Emerging Markets: Middle East
A stable outlook
Life reinsurance
Swiss Re downgraded by AM Best
Troubled Swiss reinsurance giant Swiss Re has been downgraded by ratings agency AM Best.
Chinese insurers report record premium growth in January
(BESTWIRE) - The China Insurance Regulatory Commission reported that, by the end of January, the country's insurance sector recorded year-on-year total original premium income of 114.76bn yuan ($16.77bn), up 8.62% from 105.65bn yuan in January 2007.
Hartford chief operating officer to retire
Tom Marra has said he will retire from the chief operating officer's position at US insurer The Hartford in July.
Everyone's ignoring the elephant in the corner
The events of the last 18 months have meant that it is entirely appropriate for insurers to raise th...
Power to the people
Diversity: One broker's experience
FSA sends out PPI letter
The Financial Services Authority has written to firms still selling single premium Payment Protectio...
Action abroad
Legal update: arbitration agreements