Insurer
Fitch takes Brit off negative watch
Fitch Ratings has affirmed Brit Insurance Limited's Insurer Financial Strength rating at 'A', and Brit Insurance Holdings N.V.'s Long-term Issuer Default Rating at 'BBB+' and its subordinated notes at 'BB+.
Moody's outlook on the German insurance sector remains negative
The outlook for the German insurance market remains negative due to the continued rate pressure in property & casualty lines, particularly in motor insurance, and the low interest-rate environment pressurising the profitability of life products with…
Lockton adds former Chartis manager to PI team
Stuart Dugdill joins Lockton’s Manchester office on 1 November.
Moody's outlook on the German insurance sector remains negative
The outlook for the German insurance market remains negative due to the continued rate pressure in property & casualty lines, particularly in motor insurance, and the low interest-rate environment pressurising the profitability of life products with…
BP Marsh posts profit boost
Venture capital provider BP Marsh has announced consolidated profit of £1.4m for the first half for the financial year – up from a loss £1.8m last year.
RSA extends outsourcing deal with Accenture until 2015
Accenture has signed an extension to its application outsourcing, systems integration and management consulting agreement with RSA for an additional three years through 2015.
AIG announces succession plan for CEO role
AIG has announced that chairman, Steve Miller, would step in as interim CEO of AIG for as long as it takes to identify and select a long-term replacement, if the incumbent Bob Benmosche is unable to continue in the role.
Niche business in favour as Banga expands role
Brit's new head of UK distribution Vivek Banga has revealed the insurer will aim to write more niche business as it looks to expand its UK broker footprint.
Interview - Andrew Mckee: Planning for the next stage
Having taken over at Lloyd's insurer Mitsui, Andrew McKee talks to Jonathan Swift about his plans to move the company on, a decade after it launched.
Hiscox offers charities cover
Hiscox has launched a combined charities insurance product designed to take advantage of what it describes as a "gap in the market."
Former PWS boss gets 21 months for Costa Rica bribes
The Serious Fraud Office has welcomed the "appropriate" 21-month prison sentence handed to former PWS International chief executive Julian Messent.
Sagicor eyes SME after Josephs hire
Barbados-based insurer Sagicor is targeting growth in the UK's SME space after recruiting MMA Insurance's former head of distribution Ian Josephs to launch a range of web-based products.
Drennan raises Alarm over local council cuts
Risk management should no longer be simply seen as a "little silo" within local authorities, according to a senior public sector representative.
Insurers accused of claim refusals over technicalities
More insurers are attempting to ease the financial burden of the economic downturn by repudiating claims on technical points, a specialist loss adjuster has claimed.
Career path & CSR: Customer focus key to Westfield win
Westfield Health has won the north of England business excellence award to place it among the UK's most outstanding businesses.
IUA and ABI to review rehabilitation code
The International Underwriting Association and the Association of British Insurers are set to consider extending the rehabilitation code beyond the immediate needs assessment as part of a new review of the guidelines.
Co-op mulls life book disposal but holds onto GI business
The Co-operative Group is keen to hold onto its general insurance book, despite moves to offload its life insurance portfolio, according to sources close to the business.
Editor's comment: Flood battle lines drawn
If there were three words you could not escape last week, it was "government spending review". Well, I concede "Wayne Rooney" and "greed" may have been equally prominent, but it is unknown what impact the Manchester United number 10's increased wealth…
Zurich director: Lord Young report needs further discussions
The insurance industry needs to work with Lord Young of Graffham to make sure his proposed health & safety code of practice is not too complex and prescriptive, according to a senior insurance figure.
Major loss: Repair or replace?
When a business suffers an unexpected catastrophe, Veronica Cowan looks into the decision making behind the option to repair or replace damaged premises, stock or machinery.
Insurers face uncertainty after CPR ruling
Insurers face being hard hit by an appeal court judgment that has approved relaxing the timeframe allowed for claimants to bring personal injury cases, a leading law firm has claimed.
Motor - uninsured driving: Driving through changes
Imminent implementation of the continuous insurance enforcement scheme will boost the battle against uninsured drivers. But every effort must be made to get law-abiding motorists onside, warns Malcolm Etchells.
Industry concern as flood funding cut in spending review
Funding for flood defences has been cut in Chancellor George Osborne's comprehensive spending review. Under the previous government, £2.15bn had been committed for the years 2008-2011, however, this has been sliced to £2bn for the four years from 2011 to…
In series - Property claims: The price is right
Getting the balance right over rates for property claims is essential. Sam Barrett reports on the measures taken to ensure repairs are carried out at the market rate, keeping both customers and contractors happy.