Regulation
European Parliament against compulsory legal protection insurance
With an overwhelming majority, the European Parliament today adopted a resolution whereby consumers should not be obliged to subscribe to compulsory motor legal expenses insurance, but that this option should remain voluntary.
Outlook for global reinsurance sector remains stable - Fitch
Fitch Ratings, the ratings agency, has said that its outlook on the global reinsurance sector remains stable.
Lessons to be learnt
A literal reading of the claims co-operation clause in Lexington v Multinacional reminds reinsureds and reinsurers of the rules of the game, say Andrew Symons and Eve O'Brien
Growth in demand for captive ratings says AM Best
AM Best has reported a growing interest in financial strength ratings for captives and other alterna...
Audits and inspections: a matter of risk management?
Risk management
Scor purchases Prevoyance Re in France for EUR73m
Scor, the French (re)insurer, said it has bought French (re)insurer Prevoyance et Reassurance and it...
The curse of unmatched cash
Inside view
Max Capital appoints chief risk officer
Max Capital, the Bermudian (re)insurer, said that Kevin Werle has been appointed chief risk officer.
What price peace of mind?
Resident Carers
Trouble at the top
Insurance Premium Tax
When the fat lady hums
You know the party is over when the fat lady sings - to quote, I am assured, an old English saying. ...
Appointment at XL Insurance
XL Insurance has appointed Harry Mahler to direct global product management. Mr Mahler will be based...
Scor H1 net income rises by 21%, helped by US tax boost
Scor's first half net income rose by 21%, helped by a €44m boost to the coffers from deferred US taxes.
SCOR upgraded to 'A' rating by Fitch
Fitch Ratings has today upgraded French reinsurance group Scor's group entities' Long-term Issuer Default ratings (IDRs) and Insurer Financial Strength (IFS) ratings to 'A' from 'A-' (A minus). SCOR's junior subordinated debt is upgraded to 'BBB+' from …
FSA slaps fine on motor retailers for PPI breaches
The Financial Services Authority has imposed fines totaling more than £175 000 on five motor retailers for serious breaches relating to the sale of payment protection insurance, which exposed a total of 2 175 customers to the risk of being sold…
QBE reports 6% rise in half year profits
QBE Europe has recorded gross written premium of A$2.67bn for the first six months of 2008. It added the business' combined operating ratio improved to 83.6% (H1 2007: 88.4%) while insurance profit to net earned premium was 24.6% (H1 2007: 22.3%).
Claims division expands
Barbon subsidiary Farr has appointed Matthew Greenhalgh and Francesco Quacquarelli to the newly crea...
Chairmanship continued
Stephen Riley has been reappointed as chairman of the International Underwriting Association. He wil...
Appointment at Hartford
Darren Westly has joined Hartford Financial Products International as underwriting manager. He will ...
QBE buys PMI Australia
QBE Insurance has agreed to buy the Australian and Asian operations of US mortgage insurers PMI for ...
Lloyd's replies to Burma Campaign accusation
Lloyd’s of London has said that it cannot control its syndicates when it comes to doing business in Burma.
Stephen Riley reappointed IUA chairman
Stephen Riley has been reappointed as chairman of the International Underwriting Association.