Insurer
Pick of the week
Axa Insurance backs Autofocus in credit hire confusion; Broker Oval downplays shareholder discontent; Brown to head new MGA group; Towergate move over retention; and Evander intent on second Homeserve acquisition.
Zurich to exit new-home warranty and building control markets
Job losses likely at insurer
Chinese (re)insurers clear to invest in real estate
Chinese insurers allowed to invest directly in commercial real estate for the first time under new regulations
AIG UK appoints COO
Tom Colraine appointed to new role
Hartford names new CEO
Former Bank of America exec named as new CEO at property/casualty insurer
RSA sells business to Enstar
Deal removes £107m of liabilities from its balance sheet.
ABI: insurance employment up 1.3% in 2008 despite recession.
313 000 people employed by sector according to new figures.
Kiln appoints active underwriter
Philip Wray joins Syndicate 1880 from Swiss Re
Travelers confirms Smith as interim UK boss after Hudson departure
International president takes over for now after long standing insurance boss quits.
Travelers UK insurance boss quits
Martin Hudson leaves after over 20 years with the insurer in the UK.
FDIC proposes prepayment of three years of fees
FDIC proposes prepayment of three years of fees
US Senate panel rejects public healthcare insurance option
A US Senate panel has rejected a government-run healthcare insurance option
Groupama launches Romanian subsidiary
Insurer Groupmama has launched Groupama Asigurari in the Romanian insurance market.
FSA unveils new PPI complaints measures
185,000 previously rejected claims due to be reopened
Georgia floods may cost $500m
The flooding that wreaked havoc in Georgia last week may cost insurers $500m
Cassano returns to US to face the music
Former AIG executive leaves London
US health program vote likely Tuesday
Vote on Barack Obam's US health reform later on Tuesday.
DIMA sees record Irish growth
DIMA, the representative body for the international (re)insurance industry in Ireland, has seen another record year of premium income growth in its membership.
US surplus lines results dip from competition, cat losses and economy
Report from AM Best notes that in 2008, the underwriting and operating performance of surplus lines companies continued to outpace that of the total property/casualty industry, although at a diminished level from 2007.
US property/casualty net income tumbled first-half 2009
Net income tumbles but underwriting results and investment returns improving.
Chinese regulator defines new insurer rules
The China Insurance Regulatory Commission has created new standards in the country's personal accident insurance sector.
Axa in multi-million pound deal to overhaul commercial systems
Insurer elects to work with Duck Creek and Tata.
E&Y licenses EMB capital modelling software
E&Y reviews Igloo model ahead of Solvency II deadline
NIG introduces new rating structure
Insurer reviews traders combined product