Insurer
Banks off the hook as AIG recovers mortgage bond settlements
AIG is no longer expected to pursue further legal action against major banks after recovering more than $2bn (£1.17bn) in settlements over mortgage bonds that left the insurer on the brink of collapse.
Hood Group partners with Asda on household product
Hood Group has been appointed by Asda to launch its home insurance product through Asda Money.
Quindell receives majority backing from shareholder group
The majority of Quindell Shareholder Action Group members maintain a positive outlook in terms of their investment in the outsourcer despite a recent drop in the firm’s share price.
Post Blog: A welcome injection of common sense
The Government's move to allow parties to agree short extensions to court timetables between themselves is a welcome injection of common sense - and could encourage more early dispute resolution.
Post Blog: What would George Foreman do?
Would you endorse me? Just put your name next to mine. Would you say that you approve of me, and that I’m the type of chap you feel comfortable recommending to the whole wide world?
MH17 hull war losses unlikely to exceed 2001 Tamil Tigers attack
The costs of hull war risks emanating from the downing of Malaysia Airlines flight MH17 are not expected to exceed the $380m (£222m) losses following the 2001 Tamil Tigers attack on Sri Lanka’s Bandaranaike Airport, according to loss adjusting sources.
RSA plotting £150m savings drive
RSA will seek to scythe away almost 10% of its £2bn annual costs as part of a savings drive by chief executive Stephen Hester, according to the Financial Times.
Biba heralds 'transparent' Insurance Bill
The British Insurance Brokers’ Association has welcomed the introduction of the Insurance Bill as a means of increasing “certainty over the rules” on contracts between insurers and businesses.
Malaysia Airlines plane 'shot down' on Ukraine-Russia border
A Malaysia Airlines passenger jet carrying 298 people has crashed on the Ukraine-Russia border, according to Russian news agency Interfax.
Cross-border mergers authorised between UK and Gibraltar insurers
The Gibraltar government today confirmed that it had received written confirmation from the UK Treasury, for Part VII transfers to go ahead.
FCA to publish whistleblowing guide
Financial Conduct Authority chief executive Martin Wheatley has confirmed the watchdog will be publishing a guide to whistleblowing but has dismissed claims it is part of the regulator's thematic projects.
Treasury unveils final Insurance Bill
HM Treasury has today introduced the long-awaited Insurance Bill to reform commercial contracts, and better equip UK firms to compete against their international peers.
Zurich promotes Cohen to head of GI customer and distribution
Zurich has promoted Patrick Cohen to become head of customer and distribution for its general insurance business.
International: Chinese whispers
Western insurance firms could learn a thing or two from their Chinese rivals, as Sana Carlton from Millward Brown explains
Dual appoints Naveda to UK financial lines team
Dual has appointed global developer and senior underwriter Juan Naveda to its newly combined Dual Financial Lines UK division, part of Dual Corporate Risks.
'Watered down' claims reforms set for Parliament
The Treasury is set to introduce a diluted version of a long-awaited insurance Bill to Parliament later today that drops the potential for claimants to pursue damages over delayed claims payments.
Environmental guarantees sought as Costa Concordia prepares for final voyage
France’s environment minister is seeking environmental assurances from her Italian counterpart before giving permission for the Costa Concordia to be towed past the French island of Corsica on its way to Genoa for scrappage.
Axa introduces real time pricing to Simple product range
Axa commercial lines and personal intermediary has introduced real time pricing to its simple product range on the Powerplace platform.
Rehab Awards 2014: Finalists announced
The shortlist for Post’s Rehabilitation First Awards 2014 has been announced. The awards reward excellence across the market - from employers to insurers, practitioners to claimant solicitors.
Gable inks £10m Risk Alliance deal
Lichtenstein based non-life insurer Gable has completed a deal to write commercial business on behalf of UK commercial broker Risk Alliance Group.
AM Best assigns 'A-' rating to Starr Property & Casualty (China)
Following completion of Starr's purchase of the controlling stake in Dazhong Insurance, the renamed entity Starr Property & Casualty has been assigned an 'A-' rating.
Digital customers to almost double in Hong Kong, says Bain & Co.
According to international management consultancy Bain & Co. Hong Kong's insurers should invest more in digital to keep up with customers' demands.
McCafferty ‘outstanding candidate' for Flood Re role, claims Woolgrove
Interim Flood Re chief executive Tom Woolgrove says newly appointed permanent CEO Brendan McCafferty has a unique set of skills to get the scheme across the line.
DLG seeks action on PCWs' ranking of monthly premiums
Direct Line Group is calling for greater clarity around the way price comparison websites rank premiums when a consumer has opted to pay monthly.