Insurer
AIG unit unwinds CDS positions
AIG has unwound its remaining CDS swaps with Goldman Sachs according to newswire Reuters.
Equity seals Kia affinity deal
Kia Motors UK has appointed Equity Direct Broking to administer its car insurance scheme. The three-year deal will see Equity providing branded policies through Kia’s network of 150 UK dealerships.
Quinn Insurance administration hearing delayed
The full hearing of the Financial Regulator's action to put Quinn Insurance into full administration has been postponed.
Aviva boss admits its market share is too low
Aviva is seeking to expand in Turkey because its current business isn’t big enough, its local CEO has told Bloomberg.
Train crashes in Italy killing at least six
A train has derailed in northern Italy, killing at least six people and injuring 20 others, according to media reports.
XL targets Irish mid-market
XL Insurance has launched a Dublin-based underwriting operation for middle market casualty business.
Sterling appoints head of commercial
Sterling Insurance Company has appointed Kevin Donoghue to the newly created position of head of commercial underwriting.
Arista names new senior underwriter
Arista Insurance has named former NIG key account manager Gavin Benson as a new Birmingham-based senior underwriter.
US seek exit from AIG stake within a year: WSJ
The government's bailout of the financial system is expected to cost $89bn, much lower than earlier projections, the Wall Street Journal reported on Sunday, citing Treasury Department officials.
Friends Provident pays out £34.5m in critical illness claims in 2009
Friends Provident paid £34.5m in critical illness claims in 2009 the company has revealed.
Torus appoints marine head
Torus has appointed Demian Smith as global head of marine with immediate effect. Reporting to chief underwriting officer of global specialty Dermot O’Donohoe, Mr Smith will facilitate the expansion of Torus’ specialty offering through the set up and…
Aviva boss admits its market share is too low
Aviva is seeking to expand in Turkey because its current business isn’t big enough, its local CEO has told Bloomberg.
Train crashes in Italy killing at least six
A train has derailed in northern Italy, killing at least six people and injuring 20 others, according to media reports.
XL targets Irish mid-market
XL Insurance has launched a Dublin-based underwriting operation for middle market casualty business.
ABI: trade credit claims up 95% in 2009
Latest figures from the Association of British Insurers show that trade credit insurance helped UK businesses by dealing with 22 791 claims in 2009.
Overall Xynthia loss put at Euros 1.28bn
Perils AG today disclosed its initial loss estimate for Windstorm Xynthia, which occurred at the end of February 2010.
RSA and Axa named as potential bidders for Quinn
Dutch insurance giant Eureko, RSA and Axa have been named among the 20 or so predators circling the Quinn Insurance group, according to reports in Ireland.
Overall Xynthia loss put at Euros 1.28bn
Perils AG today disclosed its initial loss estimate for Windstorm Xynthia, which occurred at the end of February 2010.
RSA and Axa named as potential bidders for Quinn
Dutch insurance giant Eureko, RSA and Axa have been named among the 20 or so predators circling the Quinn Insurance group, according to reports in Ireland.
Generali capital requirements “not a problem”
Assicurazioni Generali SpA’S capital requirements are “not a problem,” an official at the Italian insurer said in an interview with newswire Bloomberg.
Defaqto names new COO
Defaqto has named former Balfour Beatty corporate development boss Zahid Bilgrami as it is new chief operating officer.
Ambac increase in income but may file for bankruptcy
US credit insurer's results aided by $443.9m tax refund allowing the credit insurer to carry back 2008 and 2009 operating losses as far back as 2003
PMI handbook launched for IFAs
Private Medical Insurance publishers Craigdallie has published a PMI Handbook for professional advisers seeking information on the different PMI plans available in the UK market.