Insurer
Generali and its main subsidiaries placed on negative watch
Ratings service AM Best has placed the financial strength rating of “A+” (Superior) and issuer credit rating of “AA” of Assicurazioni Generali SpA and its main subsidiaries under review with negative implications.
RSA CFO quits for Lloyds Banking job
RSA’s director and chief financial officer George Culmer has resigned from his post to work as group finance director of Lloyds Banking.
Allianz makes leap into space travel
Allianz Global Assistance will accompany future space travellers before, during and after their space flight with bespoke space travel insurance.
Argo International appoints head of casualty treaty reinsurance
Argo International, a specialist Lloyd’s insurer and subsidiary of Argo Group International Holdings, has appointed Stuart Dale as head of casualty treaty reinsurance.
EU and FEMA agree on risk reduction and disaster response
The European Union and the US Federal Emergency Management Agency have signed an agreement to cooperate on disaster management and emergency response.
Travel insurer offers 15% discount to skiers wearing helmets
A travel insurance company is trying to entice winter sports participants to wear helmets, by offering a 15% policy discount to skiers and snowboarders who commit to using head protection.
Keoghs warns of Laspo bill’s “limited scope”
Keoghs has spoken out about the Legal Aid, Sentencing and Punishment of Offenders Bill as it goes through its second reading in the House of Lords.
Garwyn appoints ex-Marsh chief to CEO
Liability loss adjuster Garwyn, has appointed former Marsh boss Artur Niemczewski as CEO.
Harrison to head Travelers’ risk control
Richard Harrison has switched from Chubb to lead the risk control function for Travelers in the UK and Ireland.
Money Supermarket launches car insurance app
Money Supermarket has launched a “front-end” motor insurance app for the Iphone.
CII president calls for focus on youth
Chartered Insurance Institute president Julian James has laid out an ambitious manifesto for his CII centenary term of office aimed at bringing in new blood to the industry.
Climate Wise reports zero improvement
Climate Wise member firms' compliance with the climate change group’s principles has stagnated at 88% after three years of improvements from a starting score of 65%.
Insurance Insight Update - 18 November
Insurance Insight’s weekly update is live with an article on the importance of insurance policies keeping pace with the evolution of risk; and a View from the Top on how new players can take advantage of opportunities in the Swedish non-life market.
View from the top: Taking opportunities
The Swedish market for non-life insurance is dominated by four large domestic players together accounting for around 82% of annual premium.
Outside investment poll result
Is outside investment the solution to Groupama’s woes?
Keeping pace with the evolution of risk
In the last 18 months, risk managers have faced a complex set of challenges.
Omega 2011 catastrophe losses increase by $6m
Omega Insurance results for the nine months to 30 September 2011 show gross written premiums down to $258.5m (2010: $308.5m).
RFIB opens in Saudi Arabia
Lloyd’s broker RFIB has opened its office in Saudi Arabia, after being granted an intermediary license by the Saudi Arabian Monetary Agency to conduct insurance and reinsurance business earlier this year.
Insurers unite on winter tyres
The Association of British Insurers is set to unveil a list of major motor players that have agreed not to charge an additional premium to policyholders for the fitting of winter tyres.
Catlin and China Re join forces to create special purpose syndicate
Lloyd’s reinsurer Catlin has formed a strategic partnership with China Reinsurance Corporation, the country's only state-owned reinsurance group.
Vienna Insurance reports 4% premium increase for first nine months
Austrian insurer Vienna Insurance Group reported consolidated written premiums of €6.8bn in the first nine months of 2011, a 4% increase year on year.
RFIB appoints Anthony Harris to run Saudi Arabian office
Lloyd’s broker RFIB Group has announced that Anthony Harris will be heading up the firm’s newly opened office in Saudi Arabia.
Kiln reports 2009 is on track, but 2010 outlook is bleak
Kiln has revealed its 2009 year of account is on track to deliver ‘excellent’ returns, but the unprecedented level of catastrophe activity and reduced investment income has left its 2010 year of account depressed.
UKRC calls for better provisions for sick staff
The UK Rehabilitation Council is demanding the introduction of proactive return-to-work strategies for sick staff, as the Department for Work and Pensions prepares to publish its sickness absence review on Monday.