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Fitch Ratings : MutRe ratings affirmed
Fitch Ratings has affirmed MutRe's Insurer Financial Strength (IFS) rating at 'A-' with a Stable Outlook.
The affirmation reflects the company's strong capital position, the...
Fitch Ratings : risk pool may be best solution for UK flood insurance
The most likely solution to providing insurance coverage in high-flood risk-areas of the UK is the introduction of a non-profit risk pool, despite the...
ABI : insurers are well prepared to implement reforms
With fewer than five weeks to go until major changes to the way people pay for and access financial advice, the Association of British...
AIR Worldwide : hundreds of homes Inundated as floods sweep through the UK
According to catastrophe modeling firm AIR Worldwide, heavy rainfall began lashing the British Isles on Thursday, November 22, prompting hundreds of warnings and alerts....
Fitch Ratings : Irish Life Assurance’s ratings upraded
Fitch Ratings has upgraded Irish Life Assurance plc's (Irish Life) Long-term Issuer Default Rating (IDR) to 'BBB+' from 'BBB' and the subordinated debt rating...
AMI : next stage of its development completed
The Association of Mortgage Intermediaries has completed the next stage of its development to ensure it is listening to the broadest range of views,...
ABI statement on flood insurance
The ABI has called for the Government to commit to a joint solution to ensure long term affordable flood insurance for high-risk households, describing...
Swiss Re : estimates Sandy will cost it $900 million
Swiss reinsurance group Swiss Re has estimated that it will have to pay around 900 million dollars (695 million euros) in claims stemming from...
New research shows ‘Crash for Cash’ fraud costing UK motorists £392 million
‘Crash for Cash’ fraudsters are “gambling with the lives of UK motorists” and costing honest policyholders nearly £400 million every year, according to a...
Five arrested in an on-going investigation into suspected fraudulent insurance claims
Assisted by the Insurance Fraud Bureau (IFB), police carried out a search warrant at an accident management company in the city. In addition, three...
ECIC : launches broker training in Contractor Health and Safety
Electrical Contractors’ Insurance Company Ltd (ECIC) has launched a Contractors Health and Safety Training Course for key partner brokers which will be run in...
AIG : joint venture with Chinese insurer
US insurance giant AIG said Thursday it would form a joint venture with Chinese insurer PICC and invest $500 million in its Hong Kong...
Fitch Ratings : Standard Life’s IFS ratings affirmed
Fitch Ratings has affirmed Standard Life Assurance Limited's (SLAL) Insurer Financial Strength (IFS) rating at 'A+' and Long-term Issuer Default Rating (IDR) at 'A'....
BGL : insurers call for data insight and rating agility
Access to data is ‘make or break' for many insurers today, and faster speeds for rating changes the priority for those responsible for distribution.
These...
Fitch Ratings : risk avoidance drives reinsurers’ investment; some favour shorter asset duration
Fitch Ratings expects reinsurers to continue to abide by their core investment principles in the face of a possibly protracted low-yielding investment environment. Nevertheless,...
Swiss Re’s sigma study looks at the progress in the long-running debate to make insurance accounting practices more economically relevant and internationally comparable
Swiss Re’s latest sigma research publication "Insurance accounting reform: a glass half empty or half full?" takes a fresh look at the long-running debate...
ABI : key consideration points published for consumers
With one month to go until gender-neutral pricing, the Association of British Insurers (ABI) has today stressed that the insurance market will remain competitive...
UK P&I Club : Standard & Poor’s upgrade welcomed
The UK P&I Club, one of the oldest shipping protection and indemnity insurance mutuals, has welcomed an announcement by the ratings agency Standard and...
UK : 61% of population unwilling to contribute more than 5% of salary to pension
New research from Friends Life reveals that over 61% of people would either opt out of a pension scheme altogether (26%) or would be...
Fitch Ratings : Coface ratings affirmed
Fitch Ratings has affirmed the Coface group's major insurance entity, Coface S.A.'s Insurer Financial Strength (IFS) rating at 'AA-'. The agency has also affirmed...
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