Insurer
BoA Merrill Lynch responds to Solvency II advice
Bank of America Merrill Lynch has published a report on the latest Committee of European Insurance and Occupational Pensions Supervisors advice on the implementation of Solvency II.
ING could delay insurance sale with IPO
Reports claim that as long as it kicks off the process with a stockmarket listing it could meet an EU requirement.
ING could delay insurance sale with IPO
Reports claim that as long as it kicks off the process with a stockmarket listing it could meet an EU requirement.
Scor in earnings surge
French reinsurer Scor reported a surge in earnings in the fourth quarter of the year.
Scor in earnings surge
French reinsurer Scor reported a surge in earnings in the fourth quarter of the year.
Fitch: French windstorm losses material, but managable
Fitch does not expect losses from the catastrophe to result in a material capital erosion for the French insurance market. The agency expects that the rating actions due to the storm are likely to be limited.
Fitch: French windstorm losses material, but managable
Fitch does not expect losses from the catastrophe to result in a material capital erosion for the French insurance market. The agency expects that the rating actions due to the storm are likely to be limited.
Liberty Mutual reports mixed earnings
Liberty Mutual, the US (re)insurance giant, reported a mixed set of earnings for the fourth quarter and in 2009.
Tower Group net income doubles
Tower Group, the US insurer, said that net income for the fourth quarter of 2009 doubled.
Moody’s affirms Prudential’s Aa2 rating
Moody’s has reaffirmed Prudential’s Aa2 financial strength rating following the announcement that it plans to acquire American International Assurance Company.
RSA hit with £30m earthquake loss
RSA expects a financial impact of £30m, net of reinsurance, for claims arising from the earthquake in Chile.
Arag bolsters ranks with two new hires
Legal insurance company Arag UK has appointed Carrie-Anne Woods as senior claims handler and Paul Mather as underwriter from Das and RSA respectively.
Russia to support Iran sanctions
Russian president Dmitry Medvedev has said that he still hopes to avoid new punitive measures, but added Russia could not wait forever for cooperation by Tehran.
Chile earthquake may cost insurers up to $8bn, says Eqecat
The massive earthquake that hit Chile may cost insurers up to $8bn, Eqecat has said in a note to clients.
Admiral's international arm contributes £47m as profit jumps 7%
It added its customer numbers were up 19% to 2.08 million (2008: 1.75m), profit from UK car insurance was up 15% to £207m (2008: £180m).
Admiral's international arm contributes £47m as profit jumps 7%
It added its customer numbers were up 19% to 2.08 million (2008: 1.75m), profit from UK car insurance was up 15% to £207m (2008: £180m).
Insured losses from Chile earthquake likely to exceed $2bn
‘Economic losses’ may exceed $15bn, according to AIR Worldwide
NEDs receive 2009 pay boost
Non-executive directors at FTSE 100 companies received an average pay increase of more than 5% last year, new research has revealed.
Post in print - 25 March issue
Dan Dunkley outlines the major news headlines from this week's issue of Post, including CGS founders considering start-up, MMA to open three new branches, Medicals Direct targeting £40m turnover, Oval's purchase of JL Fisher and Junction seeking new…
Sterling nabs Hiscox high net worth underwriter
Sterling Insurance has appointed Jane Flaherty as a senior high net worth underwriter based in the Midlands.
Buffett to pay out $30m if France wins football world cup
Warren Buffett has said Berkshire Hathaway sold insurance that will require his company to pay out if France wins the World Cup this year.
Post in print - 18 March issue
Amy Ellis outlines the major news headlines from this week's issue of Post, including Towergate Lloyd's decision, Giles restructure, Hong Kong beats London and dog insurance muddle.
40 killed in Europe windstorm
Northern and western France and parts of Germany have been battered by a severe windstorm in the last 48 hours that has caused at least 40 deaths.
40 killed in Europe windstorm
Northern and western France and parts of Germany have been battered by a severe windstorm in the last 48 hours that has caused at least 40 deaths.