Regulation
World riskiest for a decade says WEF report
Global think tank the World Economic Forum has released a report highlighting the need for new thinking and concerted action in a number of problem areas.
Swiss Re to buy 25% stake in Vietnam National Re
Swiss Re today has announced that it has entered into an agreement to acquire a 25% stake in Vietnam's leading reinsurance provider, Vietnam National Reinsurance Corporation, for VND1.3 trillion (approximately US$79 million) as a result of which Swiss Re…
Scor renews Converium's UK MDU malpractice account
European reinsurer Scor has announced that it has renewed its successful business relationship with UK medical defence organisation, the Medical Defence Union's commercial arm, Medical Defence Union.
Kiln and Catlin in underwriting agency deal
Commercial insurance underwriting agency APC has teamed up with Lloyd's insurers Kiln and Catlin to offer a new contract combining property, combined liability, professional indemnity, directors' and officers' and legal expenses. Other classes will…
MMC announces global broking restructure
Marsh & McLennan has announced it is to consolidate its global insurance broking business into two geographic divisions.
Appointment at Risk Publishing Online
Risk Publishing Online has made three new additions to its board. Nigel Lucas becomes the company's ...
Trade bodies clash over government credit comment
The Institute of Insurance Brokers and the British Insurance Brokers' Association are at odds over c...
Bush signs insurance act
President George Bush has signed the final compromise version of a seven-year extension to the US Te...
Royal approval
The former chief executive of the Financial Services Authority, John Tiner, was awarded a CBE in the...
S&P positive on Hiscox Insurance
Standard & Poor's has revised the outlook on the long-term counterparty credit and insurer financial strengths ratings of Hiscox Insurance, the UK operating entity of Bermuda-based Hiscox Group (Hiscox), to positive from stable. The rating agency said…
IIB slams Economic Minister
The Institute of Insurance Brokers has criticised Economic Secretary Kitty Ussher after she claimed brokers were indirectly responsible for Independent Insurance credit card claw backs.
Lloyd's Spain receives award
Lloyd’s Spain has been awarded the ‘Sal’ award 2007 for its professionalism, corporate brand, proximity and support to the insurance intermediaries sector.
ABI demands government sits up and listens
The Pitt Review
A fair wind blows
Legal Report
Top five stories online
The five most popular news stories on postonline.co.uk over the last week were: 1. Insurance boss s...
Flood defence
The summer floods were a "wake-up call" for the country, according to the interim report of the inde...
Equal treatment means confusion for insurers
Personal Lines News
Travel boss banned over misleading FSA and auditors
Travel broker Insure and Go's former chief executive officer, James Richardson, has been banned by t...
New year, new FSA rules
The Financial Services Authority has published its new Insurance Conduct of Business sourcebook, whi...
Aon sheds two firms
Ace has agreed to acquire Aon underwriting subsidiary Combined Insurance for $2.4bn (£1.19m). Munich...
Insurers could benefit from class actions
Legal Report
FSA proposes to extend the common platform to non-MiFID/CRD firms
The Financial Services Authority (FSA) has published proposals to extend certain chapters of its Senior Management Arrangements, Systems and Controls Sourcebook (SYSC) - known as the common platform - to firms not subject to the Markets in Financial…
Catlin in $225m US Cat bond deal
Lloyd’s and Bermudian (re)insurer Catlin has announced that it has bought coverage totalling $225m under a catastrophe swap agreement in the event of severe US natural catastrophes over a three-year period. .
Airline underwriters set for least profitable year since 2000
The last three months have seen the airline insurance market settle into a consistent pattern of around -10% average premium reductions for lead airline hull and liability insurance, according to Aon’s December airline insurance news.