Insurer
FSA tightens grip on package deals offered by banks
The Financial Services Authority has published new rules today requiring banks and building societies to check whether customers are eligible to claim on insurance cover before selling them a packaged bank account.
Brit improves H1 COR to 93.3%
Brit Group posted a combined ratio of 93.3% for the first sixth months of 2012, down from 104.8% for the first half of 2011, reflecting benign cat activity during the period.
Ace boss heralds international pricing turnaround with 88.9% H1 COR
Ace has reported that income excluding net realised gains jumped to $1.44bn in the first half of 2012 (H1 2011: $932m).
Brit CEO vows to target growth while committing to Simply Business
Mark Cloutier has promised to go on the attack by targeting growth in key areas following a business restructure towards global specialty underwriting, which he describes as "99% complete".
Aviva tries to quit Taiwan again
Aviva has confirmed it is seeking regulatory approval to pull out of Taiwan.
AIA posts 28% rise in new business in H1
Pan-Asia life insurer AIA Group posted a 28% rise in the value of new business to $512m in the first half of 2012.
EIP extends affinity deal with Royal British Legion subsidiary
Equity Insurance Partnerships has agreed to extend its 10 year-old affinity partnership with Poppy Insure, the trading subsidiary of The Royal British Legion.
RBS denies speculation of affinity split with DLG
The Royal Bank of Scotland has denied suggestions that UK Insurance will be stripped of its position as personal insurance provider for banking customers following the upcoming separation.
Be Wiser targets college leavers following fourth office opening
Independent broker Be Wiser has marked continued growth in the business by opening the firm's fourth office in Andover.
Brit unveils positive 11.5 point COR swing as business takes new direction
The Brit Group has this morning recorded a combined operating ratio of 93.3% for the first six months of 2012 (30 June 2011: 104.8%), having completed a restructure into becoming a focused global specialty underwriter.
Post Claims Club chair's monthly missive: Beach volleyball and insurance sop
On Wednesday this week I received an email from a Claims Club regular I have been in discussion with about speaking at the next meeting.
Lloyd's Insurance Co China's 'A' rating affirmed
AM Best has affirmed the financial strength rating of A (Excellent) and issuer credit ratings of 'A+' of Lloyd's (UK) and Lloyd's Insurance Company (China) Limited.
Atradius advises global firms on pitfalls of Indian market
Credit insurer Atradius has released a guide on how to trade successfully with India, as part of a series of reports designed to help businesses trade profitably with the world's emerging markets.
Insured losses from Chinese storms expected to reach $78.7m
Insured losses from the severe storm that struck Beijing last Saturday are estimated at ¥500m ($78.7m), the city's insurance regulatory commission said on Thursday.
Cooter departs QBE after helping with Brit integration
QBE has confirmed the departure of Simon Cooter, former Brit director of market management and regional operations, having assisted in the business integration following the April takeover.
Lloyds GI profits fall 30% owing to PPI, pet and weather claims
Lloyds Bank's underlying general insurance profit decreased by 30 per cent to £158m (H1 2011: £226m) in the first half of 2012.
Council claims insurance fraud victory
Havering Council has avoided a fraudulent insurance claim that could have cost it £100 000 after the claimant pleaded guilty to contempt of court.
Mapfre result down 20% owing to Eurozone impairments
Mapfre's attributable result fell 20.1% to €434.2m in the first half of 2012 after provisions and impairments resulting from the Eurozone crisis.
Eiopa guideline poll
Are insurers prepared for updated guidelines to Solvency II?
Insurers failing to tailor cyber products to European risks
Insurers are failing to provide cyber products tailored to the risks faced by European clients, according to CFC Underwriting's Graeme Newman.
BGL snaps up Dutch aggregator
BGL Group has acquired Dutch aggregator Verzekeringssite, further boosting its European footprint.
Insurance regulatory regime takes hold in Hong Kong
As Europe moves towards increased regulation, Ann Leung explores how the trend for increasing corporate governance in Hong Kong is affecting regulation of the insurance industry.
Making flood prevention cost effective
Flooding now affects more people than any other natural catastrophe. Jens Mehlhorn explains how tried and tested methodologies for determining the cost effectiveness of measures show that prevention is better than cure.
SMEs fear 'detrimental impact' of Eurozone crisis
More than one in 10 British SMEs have considered closing down in the past three months as a possible result of the economic situation, according to a new SME Risk Index from global insurer Zurich.