Insurer
Spain fines (re)insurers for price-fixing
Spanish regulators have fined six European (re)insurance companies a total of €120.7m ($180m) for fixing prices on building-defect coverage during the Spanish housing boom.
IAG attracts new CFO from Highway
Former Equity finance director Andrew Gibson joins insurer
Allied World open Singapore office
Allied World has opened a branch office in Singapore in order to further expand its operations in Asia, and has appointed Bruce Ford as its principal officer and head of treaty Asia Pacific, Middle East and Africa.
Buffett calls end of financial turmoil
Berkshire Hathaway’s Warren Buffett has declared an end to the global financial crisis, although leading economies continue to struggle.
AIG property-casualty arm will lose sales rather than cut rates
Chartis, the UK arm of AIG, claims it will lose sales rather than cut rates to unprofitable levels, contrary to claims by rivals that it’s under-pricing insurance
LIU expands red24 contract
Liberty Mutual says that it will expand its contract with red24 to add kidnap and ransom to list.
Home Call Plus signs two new partners
Brit-backed household utility business focuses on growth
Groupama makes senior appointment
New chief risk officer to join insurer
ABI highlights plight of low income households
Trade body suggests low cost insurance protection for families
Deloitte comments on the latest CEIOPS advice on Solvency II framework
The Committee of European Insurance and Occupations Supervisors has delivered its final advice on Solvency II Level 2 implementing measures.
Intact reports Q3 net loss
Canada's largest property casualty insurer sees income down almost 80% as the result of storm claims
Equitas wins legal battle over Lloyd's claims
Randall & Quilter to consider next step
Junction appoints Colin Graham as new business development director
Junction targets growth with appointment of business development director.
Endurance appoints Zurich excess casualty specialist
(Re)insurer Endurance has announced that Doreen Miller has joined Endurance Worldwide Insurance as a senior vice president, U.S. Excess Casualty, in the large account retail practice.
GIC Re to set up nat cat pool
General Insurance Corporation (GIC Re), the Indian state-owned national reinsurance company, is in the process of setting up a natural catastrophe pool for insurance and reinsurance companies in Africa and Asia
Benmosche denies talk of AIG quit threat
AIG CEO Robert Benmosche has said he remains "totally committed" to leading the bailed-out insurer in a letter to employees after reports that he told the board he may step down.
Expense spared
With insurers seeking to cut costs, legal spend is an obvious target. Companies are now looking beyond the 'magic circle' firms, seeking fixed rate deals and even cutting outsourced work altogether, writes Victoria Riccalton.
Rough justice or a victory for freedom?
A European ruling on group actions looks set to change the legal expenses landscape. Leigh Jackson looks at the ramifications for insurers in the UK.
Protect your liquid assets
The wine cellars of high net worth individuals can be worth thousands of pounds - so why aren't brokers treating them in the same way as works of art or jewellery? asks Veronica Cowan.
