Regulation
Aviva downgraded by AM Best
AM Best has downgraded Aviva's holding company's issuer credit rating to "a-" from "a".
Truth or beware
Compliance: Consumer responsibility
Avoiding the pitfalls
Compliance: Outsourcing responsibility
EMB gets consulting team
EMB has responded to growing concerns over investment strategies amid the current economic turmoil b...
IBM survey highlights cultural differences
Cultural differences lead to different consumer responses to insurance and innovation across Europea...
Insurers see value in run-off portfolios in the current economic crisis
Over 60% of insurance businesses surveyed for a new report by PricewaterhouseCoopers believe the financial crisis is a key issue for the European insurance industry.
Allstate chairman calls for financial reform
The chairman of one of the United States' biggest insurers has called for financial reform following the collapse of global stock markets.
Life reinsurance service provider grabs senior exec from GE
Life reinsurance services and technology company LOGiQ3 has said that it appointed Sara Murphy as vice president of its operations.
AM Best downgrades Hong Kong insurer
Ratings agency AM Best has downgraded the financial strength rating to B++ (Good) from A- (Excellent) and the issuer credit rating to "bbb+" from "a-" of Hong Kong insurer Wing Lung Insurance Company Limited (WLI) (Hong Kong). The outlook for both…
Bupa UK looks to strengthen relationship with NHS
Bupa's UK insurance arm has reported a 3.6% increase in revenues to £1.97bn in 2008, and an organic rise in customer numbers to 2%.
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.