Insurer
Marsh report points to 'stable rate environment'
Insurers have remained competitive but cautious despite suffering significant catastrophe losses in the first half of the year, according to a Marsh study.
OFT consults on motor insurance case amendment
The Office of Fair Trading has opened a consultation on an amendment to commitments offered by a number of motor insurance companies designed to address competition law concerns about the potential exchange of pricing data between competitors.
German insurers face endurance test, says S&P
German insurers are being tested by challenging conditions in the financial markets, according to Standard and Poor’s.
Insurance Insight weekly update live
Insurance Insight’s weekly update is live with an article on International geocoding; and a View from the Top on the importance of collaboration and partnership for the modern broker.
International geocoding in insurance: The challenges and opportunities
Use of geocoding is common in insurers and has been for some time but Tim Spencer asks if insurers really understand the data they have at their fingertips and are making the best use of it.
BIS 2011: Industry warned over reliance on internet for information
“It is a danger to rely on publicly available information” the insurance industry has been warned by Ashwin Mistry, chairman of Brokerbility.
Zurich closes MAAB acquisition
Zurich Financial Services Group has completed the acquisition of 100% of the share capital of Malaysian composite insurer Malaysian Assurance Alliance Berhad.
Swiss Re chief becomes head of Climate Wise
Swiss Re director John Coomber is to become the new chairman of Climate Wise on 1 October.
Irish VHI loses ECJ case
The European Court of Justice has found that Ireland infringed European law by exempting VHI from insurance rules.
Portuguese Tranquilidade's maintains 'BBB-' rating
Portuguese insurer, Companhia de Seguros Tranquilidade SA's maintains 'BBB-' insurer financial strength rating on rating watch negative.
Climate Wise chairman named
John Coomber, member of the board of directors of global reinsurer Swiss Re, will become the new chairman of Climate on 1 October.
BIS 2011: Insurers challenged to improve e-commerce
The starting point of a good website is no longer enough, insurers have been warned.
Post Blog: Insurance must embrace the cloud
Organisations in the insurance sector don't have a reputation for changing their software very often.
Bupa lands UK Sport deal
Bupa has been named as the official health insurance partner of UK sport.
Irish regulator banned Quinn family
Irish MP Caoimhghín Ó Caoláin has alleged that Financial Regulator Matthew Englefield tied the hands of the Quinn Insurance administrators by banning any bids from the Quinn family.
Keoghs and ABI target Lib Dem conference for claims culture talk
Law firm Keoghs and the Association of British Insurers have held an event about the UK’s compensation culture at the Liberal Democrat conference.
Irish regulator banned Quinn family
Irish MP Caoimhghín Ó Caoláin has alleged that Financial Regulator Matthew Englefield tied the hands of the Quinn Insurance administrators by banning any bids from the Quinn family.
BIS 2011: Technology to ‘rejuvenate’ insurance
Delegates at the British Insurance Summit were told in no uncertain terms that technology and social media are here to stay and urged to be a part of it.
XL Insurance strengthens international property lines
XL Insurance has appointed Philip Sexton International P&C onshore energy and general property manager for the UK, Ireland and Nordic regions, in a bid to strengthen its international property lines.
BIS 2011: Numerate grads the future of underwriting
The future of underwriting rests in the hands of graduates with strong numeracy skills and business understanding who are willing to embrace specialist areas of the industry.
HSBC bidders line up not to comment
QBE, Zurich and Allianz have refused to comment on speculation in a Reuters report that they are among bidders for HSBC’s insurance business.
AM Best withdraws ratings of Connaught
AM Best Europe has affirmed the financial strength rating of B+ (Good) and the issuer credit rating of “bbb-” of Connaught Insurance Company Limited (Connaught) (Guernsey), the captive insurance company of Thomas Greg & Sons Limited, a security printing…
BIS 2011: Regulation and balance sheet concerns blamed for below book trading
A combination of balance sheet concerns and the impact of Solvency II was identified as the main reason why insurers are trading below the book by delegates at the British Insurance Summit yesterday.
Amlin brings ambassador on board
Amlin has appointed former diplomat Sir Alan Collins, as an independent non-executive director, to take effect on 14 November 2011.