Insurer
Pick of the week
IFB to move into new product areas; Stakeholders to discuss CPR rules; Hastings Direct to launch high street branch; Accident Exchange issues Autofocus proceedings; Primary Group set to axe 10% of staff
Senate Finance Committee passes health plan
The US Senate Finance Committee has passed a $829bn health plan that will overhaul the country's healthcare system.
AIG may sell $4.5bn worth of planes to ILFC CEO
AIG may sell $4.5bn worth of its ILFC planes to ILFC CEO Steven Udvar-Hazy, Bloomberg has reported.
Run off market increased by 30% in 2008
Annual KPMG report claims market is worth £37.4bn.
Ace names Derek Talbott executive vice president of international property
Ace appoints ex Aon Benfield Fac senior vice president Derek Talbott as executive vice president, international property.
PICC raises $732m
PICC Property & Casualty, China's largest non-life insurer in terms of premiums, has completed the issuance of RMB 5bn worth of ten-year subordinated bonds (circa $732m).
Aegon gets $650m boost
Dutch insurer Aegon has made $650m in regulatory capital available to its US operations by tapping future life insurance profits in a 10-year reinsurance transaction with JPMorgan Chase.
Insurance consumers increase online focus
Almost two-thirds of online insurance shoppers increase their web usage
Edge IPK and Watertrace announce London market products
Technology firm and management consultancy to offer back office solutions
AIG sells Taiwanese insurer for $2.15bn
AIG sells Taiwanese life insurer for $2.15bn to Primus.
Insurance trade bodies to merge
AFS and AMI merge to create new trade body.
AIG closes in on sale of Taiwanese insurance unit
State-controlled US behemoth nearing $2bn sale of Taiwanese insurance unit.
Axco and Fiscal Reps to offer international tax services
Regulatory and compliance firms join up to offer tax solutions
Former BIA achievement winner leaves Axa Insurance for Chubb
Jon Nottingham (centre) will become head of Chubb's personal lines development team.
Market Reform Group rebranded as the London Market Group
MRG renamed London Market Group and widens scope
Shene to outsource claims to Bankstone
Personal lines broker appoints claims specialists for motor, household and business
Health bill gathering momentum
The US Senate Finance Committee will vote on its health plan on Tuesday, Reuters reports