Insurer
Fitch affirms Flagstone ratings after Validus deal
Ratings agency Fitch has confirmed that it will take no action on the ratings of Flagstone Re after it was purchased by Validus at the end of November.
Post magazine - 6 December 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Editor's comment: Grading the government
With the UK economy still struggling to recover from one of the deepest recessions in generations, expectations were rising fast as Post went to press on Tuesday that a somewhat dejected George Osborne would be addressing the nation come Wednesday…
Industry must engage with debate on post-Leveson press regulation
Media law specialists have urged the insurance industry to add its voice to the debate surrounding the future of media regulation, following publication of the Leveson report.
More insurance jobs to be cut as major players wrestle with economic climate
Aviva and Direct Line Group will not be alone in making job cuts over the next 12 months as other insurers look to streamline their businesses, market observers have warned.
RTA portal expert warns extension could produce de facto 'no fault' scheme
Fixed fees at the level proposed by the Ministry of Justice to apply in the extended Road Traffic Accident Portal risk creating a de facto 'no fault' scheme, according to the academic commissioned by government to assess its initial effectiveness as…
Hiscox CEO: government spending on flood defences too little too late
The government's decision to suddenly free up £120m in funding for flood defences last week has been described as "a drop in the ocean".
Crawford and Cunningham assist flooded Somerset villagers
Crawford & Company and Cunningham Lindsey have banded together to visit the flooded properties of NFU Mutual policyholders in Somerset.
Beazley launches Gulf of Guinea piracy cover
Beazley has launched a piracy policy specifically for ship owners with vessels operating in the Gulf of Guinea, in response to a growing number of incidents in the region.
Blackrock recruits to meet insurer demands
Blackrock has made three senior appointments in response to growing demand for outsourced asset management services from insurers.
Towergate win boosts Gable GWP 'by 30%'
Towergate Underwriting has entered a five-year partnership with listed insurer Gable Holdings, which will act as a cover provider from January 2013.
Police and insurers clash over responsibility for riot damages compensation
The Home Office is to consider appointing an independent person to consult on changes to the Riot [Damages] Act 1886 following the London riots in August 2011.
Xchanging set for February mobile launch
Xchanging is readying mobile apps to allow customers to make notations and amendments to electronic documents from mobile platforms with a launch earmarked for February.
AIA completes deal for Aviva's Sri Lanka unit
AIA has completed its acquisition of Sri Lankan insurer Aviva NDB Insurance from Aviva and Sri Lanka's National Development Bank.
Premier Inn opens doors to flood victims
The Insurance Claims Accommodation Bureau has bolstered its database of preferred properties nationwide by forming an alliance with hotel group Premier Inn.
Skuld claims costs soar as a result of international pooling system
Marine insurance provider Skuld chalked up record high claims costs from the international group's pooling system, leading to a bottom line deficit of $2.9m (£1.8m) with corresponding contingency reserves of $288m (£178.9m).
Top five Asian news stories
The top five stories from www.insuranceinsight.com over the past seven days.
RSA opens Dubai office
RSA has been granted permission to operate in the Dubai International Financial Centre, starting on 18 November.
Top five European news stories
The top five European news stories from wwww.insuranceinsight.com over the past seven days.
EC must ensure revised IMD is not a burden for industry
Insurance Europe today urged the European Commission to ensure that revisions to the Insurance Mediation Directive to protect consumers are "flexible and proportionate".
Premium Credit lining up strategy head replacement
Newly acquired finance company Premium Credit is to announce a new head of business strategy this week after former incumbent and chief operations officer Jonathan Cattle left in the summer.
BNP Paribas' insurance arm turns lender
The insurance subsidiary of French banking group BNP Paribas will take on the job of lending to companies as tougher regulations ramp up the cost of traditional loans, Reuters reported.
Collinson to complete One Group purchase
Collinson Insurance Group has inked a deal to acquire claims handler One Group, subject to due diligence.
Ince & Co appoints new corporate insurance partner
International law firm Ince & Co has appointed Richard Britain as head of corporate insurance.