Regulation
US looks at nat cat insurance coverage
Just months after a string of hurricanes devastated the Gulf Coast and Florida with billions of dollars in damages, four state insurance regulators have begun an effort to devise a national catastrophe insurance program that would greatly reduce the need…
Fitch affirms CIIH ratings
Fitch Ratings has affirmed China Insurance International Holding's (CIIH) long-term rating at 'BBB-' (BBB minus). At the same time, the agency has affirmed the senior debt rating of 'BBB-' (BBB minus) assigned to the guaranteed issue by the wholly owned…
London Market premiums fall 15% in 2004
Gross premiums on the London Market fell 15% in 2004 to £21.7bn according to UK industry trade body IFSL. This follows five consecutive years of growth during which premiums increased by more than 80%. In 2004 Lloyd’s generated 54% of known London Market…
Aon MD gets Cass role
Alan Punter, managing director at Aon has been appointed a visiting professor in insurance and risk management at the Cass Business School. The award recognises Dr Punter’s past contribution to the school’s teaching and his standing within the insurance…
Buyers unimpressed with MRG's efforts
Insurance buyers have delivered a major snub to the London Market Reform Group's efforts to achieve ...
On your bike
Motor Report
Lloyd's in bond movie
The Lloyd's Building became a film set for the day last Sunday, when legendary director Sir Ridley S...
PI rates inquiry to be launched
Moves that could stem a hike in professional indemnity rates have been announced by parliament. The...
VAT ruling is not the end of the matter
Outsourcing
Crawford looks at offshoring
Crawford and Company has become the latest UK loss adjuster to look at offshoring operations, Post M...
Management Briefing Plus
Outsourcing
Lloyd's claims review - Confidence in claims
Claims have traditionally been seen as a back-office function. Kent Chaplin outlines the work under way to put claims at the top of Lloyd's insurers' agendas
Biba refutes claims over compensation
The British Insurance Brokers' Association has poured cold water over fears the industry could be lu...
Industry to be quizzed over FSA
Insurers will get to air any regulatory grievances early next year as part of an investigation launc...
Changes to PPI could harm service levels
Outsourcing
Compensation bill - Ready to go
News analysis
Claims regulation to take 12 months
Claims management companies will escape statutory regulation for at least 12 more months, it emerged...
Liability cap may fail to stall premium hikes
Government proposals to cap auditors' liability and limit their fines for accounting errors could st...
Who picks up bill of climate change
Society will bear the costs of climate change in Europe but insurance arrangements will determine wh...
SVB given S&P rating boost
Ratings agency Standard & Poor’s has revised its Lloyd’s Syndicate Assessment on SVB Syndicates 2147 and 1007 from ‘1pi’ to ‘2/stable’ after carrying out an interactive rating assessment for the first time.
SCOR rating affirmed by AM Best
AM Best has affirmed the financial strength rating (FSR) of B++ (Very Good) and issuer credit rating (ICR) of ‘bbb+’ of SCOR (Paris) and its main subsidiaries (collectively referred to as SCOR Group).
JLT launches OneHealth
JLT has launched OneHealth, an integrated solution to reduce the cost of sickness, absence and employee health protection, focused on the SME sector.
FSA to begin GI regulation review next April
The Financial Services Authority has set out further details of its post-implementation reviews of the mortgage and general insurance regimes. The general insurance review will begin in April 2006
Rating thumbs up for new Bermudian reinsurer
AM Best has assigned a financial strength rating (FSR) of A-(Excellent) and an issuer credit rating of "a-" to new Bermudian reinsurer New Castle Re. Both ratings have been assigned a stable outlook.