Insurer
Insurers report fall in profit and volume
General insurers have experienced a fall in business volumes and profitability over the past three months.
AIG to be designated as 'systemically important'
The US-based Financial Stability Oversight Council has notified AIG that it is under consideration to be labelled as a firm that presents a potential risk to the financial system.
FSA to change free float limit under new listing proposals
The Financial Services Authority has proposed plans to lower the free float limit for UK-listed companies as part of a package of reforms designed to enhance the listing regime.
Talanx floats on Frankfurt Stock Exchange
Talanx AG has started trading on the Frankfurt and Hanover stock exchanges at €19.05 after two failed floats.
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.
Judgment on damages uplift faces further delays as new Chancellor is sworn in
The Court of Appeal's written judgment on how the incoming 10% rise in general damages will be implemented has been further delayed, much to the exasperation of interested parties.
Lemma faces liquidation after deterioration in finances
The Gibraltar Financial Services Commission has confirmed that Lemma Insurance Company has gone into liquidation.
Hastings Partnerships wraps up van deal with Kingfisher
The affinity division of Hastings Direct, Hastings Partnerships, has been appointed as the exclusive provider of commercial vehicle insurance to the Kingfisher Group UK and Ireland division.
Axa leads the way for insurers in top 100 best global brands list
Axa has been named the highest ranking insurer in the 2012 Interbrand top 100 Best Global Brands list, after increasing its brand value by 1% to $6.75bn (£4.18bn).
Axa snaps up PR expert as director of corporate affairs
Axa UK has appointed international public relations guru Richard Stephenson as director of corporate affairs.
Asta Capital names Tighe as COO and CFO
Lloyd's third-party syndicate manager Asta Capital has appointed Julian Tighe, pictured, as chief operating officer and chief financial officer.
R K Harrison agrees partnership with Chile's biggest independent broker
R K Harrison Insurance Brokers and Chile's largest independent broker, Conosur Corredores de Seguros Y Reaseguros, have reached an exclusive agreement to cooperate on all new business emanating from the South American country.
Travelers appoints European COO
P&C insurer Travelers has appointed former Willis global specialty boss Matthew Wilson as its new chief operating officer.
Travelers appoints Willis' Wilson as COO Europe
Travelers has appointed Matthew Wilson as chief operating officer for Europe.
UK non-life insurance sector remains stable
Fitch Ratings has maintained a stable outlook on the UK non-life insurance sector, even as fundamental indicators remain weak.
Typhoon Jelawat dissipates causing little damage
Typhoon Jelawat passed over Japan's main island of Honshu yesterday as a weakening tropical cyclone, and the remnants are currently over the north west Pacific ocean, racing away from Japan at about 85km/h.
Solicitors' risk pool applicants rise in 2012
The number of solicitors applying for professional indemnity cover via the assigned risks pool went up this year, according to initial figures released by the Solicitors Regulation Authority.
Brake technology to cut insurance premiums
Motorists who buy cars fitted with autonomous emergency braking technologies as standard could benefit from cheaper insurance premiums from this month.
White Oak Underwriting announces internal appointments
White Oak Underwriting has appointed a new underwriter, claims adjuster and deputy compliance officer.
Tungsten founder Truell admits Equity discussions
Edmund Truell has told Post that he has entered into negotiations with motor insurer Equity, adding that he is keen to pursue the deal.
RSA makes two promotions in global specialty lines
RSA has made two new appointments in its global specialty lines business.
Aegis London rewards policyholders with premium credits
Aegis London, the UK-based subsidiary of mutual insurer Associated Electric & Gas Insurance Services Limited, has approved $1m (£620 000) in premium credits which will be returned to members through the firm’s premium credit programme.
BLM reveals plans to corner Irish legal market
Berrymans Lace Mawer has entered the Irish legal market focusing on motor, liability and property damage claims, with plans to include professional indemnity, healthcare, corporate risks and construction work.
University launches post-graduate degree in insurance law
Queen Mary, University of London has launched what it claims is the first post-graduate course solely dedicated to insurance in the UK.