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Lloyd’s new electronic claims website
Robert Gregg, Claims Manager at Lloyd’s Market Association (LMA), tells us about the new Electronic Claim File (ECF) website.
What is the purpose of the...
Global Multiline Insurers’ Strong Competitiveness And Capital Support Stable Ratings
In an industry report card titled "Global Multiline Insurers' Robust Market Positions And Improving Capital Translate Into Stable Ratings," published today, Standard & Poor's...
U.K. – Based Insurance Intermediary Firm Hyperion Insurance Group Assigned Preliminary ‘B’ Rating; Outlook Stable
• Hyperion Insurance Group (Hyperion) is seeking to place a $250 million term loan B, using the proceeds to repay $153 million of its...
AXA blows another £110,000 in costs to concede three more Autofocus retrials but makes an offer to end the dispute
• Further compensation for hire charges of £10,720.74 agreed (Wintripp v AXA Insurance), £1,558.75 (Wood v Wiedenhoft) and £125 (Collick v Rohodes)
• Incurred...
Record highs signal inflexion point for insurance-linked securities market in 2013
Aon Benfield Securities, the investment banking division of global reinsurance intermediary and capital advisor Aon Benfield, today launches its annual report on the insurance-linked...
Fitch: Global Reinsurance Outlook Remains Stable, Pricing to Fall
Fitch Ratings' outlook for global reinsurance sector ratings remains stable, with the agency expecting to affirm the majority of its current reinsurance ratings in...
CJSC Insurance Co. TRANSNEFT Placed On CreditWatch Negative Because Of Announced Disposal By Parent Transneft
• Russian oil pipeline company OAO AK Transneft has announced an open tender for the sale of its 98.9% stake in Russia-based Insurance Co....
Blended funds prove popular during 2013
Due to the increased demand for the blended range percentage flows into the passive range were down slightly at 50%, from 55% in 2012...
Germany-Based Wuerttembergische Gemeinde-Versicherung aG ‘Api’ Rating Affirmed After Insurance Criteria Change
Following a review of Germany-Based Wuerttembergische Gemeinde-Versicherung aG (WGV aG) and its core subsidiary WGV - Versicherung AG (WGV aG) under our revised insurance...
Meadowbrook Insurance Group, Inc. Receives Bank Waiver Under Credit Facility
Meadowbrook Insurance Group, Inc. announced that it has obtained a waiver from members of the lending group under its bank credit facility (the "Facility")...
Intense competition in GCC insurance markets means that some players consistently report losses
Intense competition in GCC insurance markets means that some players, particularly at the lower end of the market, consistently report losses.
Although mergers within the...
Fitch : UK Life Insurers Upbeat; Ratings Outlook Stable
Fitch Ratings says in a new report that the UK life insurance sector has reported a strong set of H113 results despite the sluggish...
Swiss Re Group reports net income of USD 786 million for the second quarter of 2013
Swiss Re Group reports net income of USD 786 million for the second quarter of 2013, a period that saw high levels of natural...
Allianz continued its successful course in Asia in the first six months of 2013
Property and Casualty as well as the Life and Health segments contributed to the very solid growth. Total revenues increase 4.9 percent to 3.8...
Dubai-Based Insurer Salama/IAIC Ratings Lowered As Problems At Reinsurance Subsidiaries Continue; Outlook Negative
• Losses and increased uncertainty at the Salama/IAIC group's largest subsidiary, BEST RE (L), weigh on the business and financial risk profiles of the...
Denmark-Based Europaeiske Rejseforsikring ‘BBBpi’ Ratings Affirmed After Insurance Criteria Change
• Following a review of Denmark-based Europaeiske Rejseforsikring under our revised insurance criteria, we are affirming our public information 'BBBpi' ratings on the company.
...
Sweden-Based ERV Forsakringsaktiebolag ‘BBBpi’ Ratings Affirmed After Insurance Criteria Change
• Following a review of Sweden-based ERV Forsakringsaktiebolag under our revised insurance criteria, we are affirming our public information 'BBBpi' ratings on the company.
...
AXA UK & Ireland underlying earnings rise by a third
Underlying earnings for the first six months of 2013 improved by 33 per cent to £89 million (H1 2012: £66 million).
Total AXA Wealth sales...
Denmark-Based GF-Forsikring A/S ‘BBBpi’ Ratings Affirmed After Insurance Criteria Change
Standard & Poor's Ratings Services today said it affirmed its unsolicited public information (pi) insurer financial strength and counterparty credit ratings on Danish non-life...
Legal & General : DIVIDENDS UP 22% AND EARNINGS PER SHARE UP 13%
FINANCIAL HIGHLIGHTS – STRONG PERFORMANCE:
Operational cash generation up 14% to £537m (h1 2012: £471m)
Net cash generation up 23% to £500m (h1 2012: £407m)
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