Regulation
RenRe US arm Weatherpredict makes acquisition
WeatherPredict Consulting, a US affiliate of Bermudian reinsurer RenaissanceRe, said that it has bought the primary technology assets of Commodity Hedgers, a specialist in remotely sensed meteorological observations and provider of high quality products…
Foreign profits taxation changes could lead to uncertainty for some insurers - E&Y
The exemption of the foreign dividend income tax changes announced in this week's Pre Budget Report (PBR) will impact many insurance groups carrying out business in the UK, according to Ernst & Young. And this could lead to uncertainty for year end…
Ace establishes new Swiss insurance company
Following the redomestication of Ace's holding company to Zurich in July 2008, the company said it has now founded a new Swiss insurance company.
Oxygen appointed as sole broker for Tiga members
Oxygen Insurance Brokers has been appointed as sole intermediary for members of Tiga, the games developers' trade association.
Climate Wise releases first year report
Climate Wise, the coalition of insurers pushing environmental issues, has led to the industry increasing its influence in the climate change debate, and raised awareness among customers of the issue, said the committee.
Actuarial firm responds to High Court case
Steve Mathews the director of EMB, an actuarial and business consultant firm, has commented on today's High Court case on mesothelioma, Durham v BAI and Others.
Willis wholesale brokerage shifts structure
Faber and Dumas, the newly formed third-party wholesale brokerage division of Willis Group, has added to its business in a move that will make it one of the largest London wholesale brokers, the company said today.
FSA outlines TCF characteristics
The Financial Services Authority (FSA) has outlined what firms treating customers fairly should look like.
CEA expresses concern over Solvency II changes
The CEA, the European insurance and reinsurance federation, has expressed its disappointment about decisions in the EU today that look set to change to outlook on Solvency II.
Ace appoints new chief risk officer
Ace Ltd, the Switerland-domicled (re)insurer, said that Sean Ringsted has been appointed chief risk officer for the Ace group of companies.
Employers must avoid discriminating ageing staff
Broker Smart and Cook has reminded employers about the legal consequences of targeting older members...
Appointment at Glacier Insurance
Glacier Insurance has appointed Eddie Harte as operations and finance manager and Pascal Gabathuler ...
CEA calls for supervision
The CEA, the European insurance and reinsurance federation, has said the ongoing financial turmoil i...
EC ratings crackdown
Rating agencies have welcomed European Commission proposals to crackdown on regulation. The new rule...
Shaping Foil: under new command
Foil president
Strictly confidential
Security and compliance
Moody's downgrades outlook on If P&C and Sampo
Moody's Investors Service said today that revised the outlook for the ratings of Swedish insurer If P&C and its Finnish owner company, Sampo to 'stable' from 'positive' and affirmed their ratings.
Grant Thornton comments on QIS4
Grant Thornton said today that the fourth quantitative impact study into Solvency II shows that there will be no major impact on the balance sheets of insurance companies.
FSA bans two insurance brokers over client money failings
The Financial Services Authority has banned two directors of an insurance broker for failing to ensure that their firm complied with FSA client money rules.
FSA bans another broker
The Financial Services Authority (FSA) has banned two directors of an insurance broker for failing to ensure that their firm complied with FSA client money rules.
Economic crisis may lead to growth in captives
Uncertainty caused by the current economic crisis may lead to an increase in captive formations, according to a survey of delegates at the Isle of Man Captive Conference in London last month.
AIG taken to court in Canada, alleging company misled investors
(BESTWIRE) A C$550m ($450m) lawsuit filed in Canadian courts charges that American International Group Inc. and many of its senior officials misled investors about the safety of some of its credit market activities for two years.
Axa offers environmental liability product in advance of new legislation
Axa has launched a new product providing cover for environmental damage and consequences of environmental impairment.
Axa launches environmental product
Axa Corporate Solutions has officially launched environmental solution Ecosphere in the UK.