Regulation
AIG Vietnam unit to offer new airline product
(BestWire) - American International Group's Vietnam subsidiary, AIG Vietnam General Insurance Co. Ltd., is teaming up with local budget airline Jetstar Pacific to offer the first online travel insurance product in Vietnam.
Florida Regulators Give Official Nod to Take Up to 110,000 Policies From Citizens
BestWire) - The Florida Office of Insurance Regulation said six companies have been approved to remove up to 110,000 policies from Citizens Property Insurance Corp. on Nov. 14 as part of the state's continued take-out program.
Assured Guaranty buys rival FSA Holdings for $722m
Assured Guaranty, the US credit insurer, said it has agreed to purchase Financial Security Assurance Holdings, the parent of financial guaranty insurance company, Financial Security Assurance from financial services group Dexia for $722m.
Brown & Brown in asset allocation of rival
US broker Brown & Brown, said it has bought the assets of smaller rival Agency Associates for an undisclosed sum.
JLT calls for more focus on risk management
JLT has called for a greater focus on information and strategic relationships within the insurance and risk industry, particularly in the current challenging economic climate.
Industry bodies join forces for Sovency II adoption
A host of industries bodies have joined forces to call for the Solvency II Framework Directive for Europe's insurers to be adopted without delay and in as complete a form as possible.
Cutting cover is a false economy for businesses
As I write, the International Monetary Fund has predicted how - next year - the global credit crisis...
Aon: cargo owners have insufficient cover
Risk Report
Banking failures will cost industry
Industry bodies have warned brokers and insurers it is likely they will have to pay towards the bank...
What the papers said this week
PC Advisor Dixons is scrambling to secure alternative trading terms with several large electron...
A matter of time
Risk Report
EC questions exemption
UK insurers have so far failed to make a case for the renewal of their block exemption from European...
IAG UK exit plan 'going well'
Insurance Australia Group says discussions about the sale of some of its UK businesses are "well und...
A captive audience
Risk Report
Travel industry resists FSA regulation route
Travel companies are choosing to take the appointed representative route rather than becoming direct...
Moody's downgrades outlook on US health insurers
The fundamental credit outlook for the UShealthcare insurance companies, spanning the next 12-18 months, hasshifted to negative from stable, Moody's Investors Service concludes inits recent report on the sector.
RSA encourages retailers to protect against power cuts
RSA is urging retailers to seek protection against the threat of winter power cuts.
Go Compare says FSA review raises "industry-wide issues"
Go Compare has commented on the conclusion of the Financial Services Authority’s review of insurance comparison websites.
Biba welcomes FSA's comparison site review
The British Insurance Brokers’ Association has welcomed the Financial Services Authority’s call for prompt action to be taken by comparison websites.
Malaysia's Ambak to buy MAA's nonlife unit
(BestWire) — MAA Holdings Bhd said it has signed a memorandum of understanding with AmG Insurance, a nonlife insurance subsidiary of AmBank Group for the sale of Malaysian Assurance Alliance's nonlife insurance business in Malaysia.
FSA concludes its review of comparison websites
A further Financial Services Authority review of insurance comparison websites has found that many sites have made significant improvements and are consistently providing clear, fair and not misleading information, but some firms need to go further to…
FSA review says comparison websites need to go further to address specific concerns.
A further Financial Services Authority (FSA) review of insurance comparison websites has found that many sites have made significant improvements and are consistently providing clear, fair and not misleading information, but some firms need to go further…
FSA announce acceleration of the full integration of TCF into core supervisory work.
The Financial Services Authority (FSA) has announced that it will accelerate the full integration of Treating Customers Fairly (TCF) into core supervisory work.