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Fitch Ratings : French Prevoir Vie & Prevoir Risques Divers ratings affirmed
Fitch Ratings has affirmed France-based companies Prevoir Vie and Prevoir Risques Divers' Insurer Financial Strength (IFS) ratings at 'A'. The agency has also affirmed...
S&P : maintains its rating on Generali and subs ratings on watch negative
Standard & Poor's Ratings Services maintains its CreditWatch with negative implications on the 'A' long-term counterparty credit and insurer financial strength ratings on Italy-based...
S&P : Hannover Finance Proposed Dated Subordinated Callable Fixed To Floating Rate Notes Rated ‘A’
Standard & Poor's Ratings Services said today that it had assigned its 'A' long-term issue rating to the proposed dated callable subordinated fixed- to...
Fitch Ratings : sovereign crisis weighs on Italian insurers
Fitch Ratings says in a newly published report that the Eurozone debt crisis, despite showing signs of stabilisation, will continue to threaten Italian insurers'...
ABI : Government needs to tackle UK’s whiplash epidemic
The Government needs to get itself into gear and publish its consultation on tackling the UK’s whiplash epidemic the ABI warns. Earlier this year...
Allianz : profits up seven-fold in third quarter
German insurance giant Allianz announced that net profit soared nearly seven-fold in the third quarter, because year-earlier figures had been hit by heavy writedowns...
Fitch Ratings : Scottish Widows ratings affirmed
Fitch Ratings has affirmed Scottish Widows (SW) Insurer Financial Strength (IFS) rating at 'A' and Long-term Issuer Default Rating (IDR) at 'A', both with...
Fitch Ratings : assigns Friends Life Group hybrid securities final BBB+ rating
Fitch Ratings has assigned Friends Life Group (FLG) issue of perpetual hybrid securities a 'BBB+' rating. The rating is on Rating Watch Negative (RWN),...
ABI : consultation launched on annuity rates transparency
The ABI has launched a consultation on annuity rates transparency to help people approaching retirement get the best pension deal.
The consultation follows the publication,...
CII’s 6th annual survey released and shows staff skills make or break GI business performance
Employee skills – or the lack of them – in general insurance have a direct impact on broker and insurer fortunes, according to the...
Britain : banks set aside £10 billion for client compensation
British banks have ramped up the amount of cash they are setting aside to compensate clients who were mis-sold insurance policies to more than...
HSBC : third-quarter profits slumped after money laundering scandal and PPI mis-selling claims
HSBC said Monday that third-quarter profits slumped after taking $1.15 billion (898 million euros) in extra charges for a money-laundering scandal in the US...
Fitch Ratings : affirms Sterling Insurance and Sterling Life at ‘BBB+’ with a stable outlook
Fitch Ratings has affirmed Sterling Insurance and Sterling Life Insurer Financial Strength (IFS) ratings at 'BBB+'. The Outlooks are Stable. The companies are the...
S&P : strong earnings to date in 2012 should cushion the impact of Superstorm Sandy on re-insurers
Based on preliminary insured loss estimates, Standard & Poor's expects Hurricane Sandy to have a limited impact on the ratings on U.S. property/casualty (P/C)...
Insurance ‘Go-Aways’ – Where do they go?
Hill Dickinson Fraud Unit calls on the industry to set common standards and treat ‘go away’ data as a key fraud indicator.
Although claims which...
BIBA : takes brokers lobbying to Prime Minister’s office
The British Insurance Brokers’ Association (BIBA) has visited the Prime Minister’s office to raise a number of key broker issues.
Visiting Number 10 Downing Street...
Motor insurance fraud : Gwent Police have arrested six people as part of an on-going investigation
In coordinated action across Gwent and South Wales, officers made the arrests following an investigation into suspicious claims referred by insurers and the Insurance...
BIBA : template launched to help flood property homeowners
The British Insurance Brokers’ Association (BIBA) has worked with government and other groups to launch a customer template that will help homeowners in flood...
Fitch Ratings : Old Mutual’s ratings affirmed, with a negative outlook
Fitch Ratings has affirmed Old Mutual 'A-' Long-term IDR and Old Mutual Life Assurance Company (South Africa) and Skandia Life Assurance Company Ltd's IFS...
Fitch Ratings : Friends Life Group Hybrid Securities assigned ‘BBB+’ rating
Fitch Ratings has assigned Friends Life Group proposed issue of perpetual hybrid securities an expected 'BBB+(EXP)' rating. At the same time Fitch has maintained...
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