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BCIS : Hiscox invests in data to deliver reduced loss ratios
Hiscox is to update its underwriting rules on buildings cover to reflect the difference in rebuilding cost between stone and brick properties. BCIS has...
BIBA : alternative FSCS funding model to FSA
The British Insurance Brokers’ Association (BIBA) has proposed an alternative fairer structure for the Financial Services Compensation Scheme (FSCS) funding model, which has been...
TheCityUK / statement : ‘financial services sector must provide a service’
On the day of his appointment as the new Chairman of TheCityUK, Standard Life’s Gerry Grimstone is speaking at the organisation’s Annual Dinner at...
Aon Benfield : launches Solvency II report with practical support for the CRO
Aon Benfield has launched the ‘CRO Guide to Solvency II’ to help chief risk officers (CROs) maintain a competitive position and boost financial strength...
Insurance businesses losing competitive advantage by not nurturing junior talent warns expert
Delegates the BrokersLink global conference in Madrid were warned that insurance businesses that overlook the importance of the vast pool of talented resource presented...
Hannover Re : prices expected to move broadly higher in the German market
E+S Rück – which bears responsibility within the Hannover Re Group for German business – anticipates stable or rising prices in its domestic market...
BIBA : success in collecting ERN numbers for ELTO
Members of the British Insurance Brokers’ Association (BIBA) are seeing momentum building among their customers about the need to supply Employer Reference Numbers with...
Aon Hewitt : to acquire OmniPoint’s Workday Services company
Aon Hewitt announced its intention to acquire OmniPoint's Workday Services company, a leading deployment and integration firm and key partner of Workday, a market...
Swiss Re : appoints two new members to the Group Executive Committee
Swiss Re's Board of Directors announces that Guido Fürer, currently Head Chief Investment Office, is appointed as Group Chief Investment Officer of Swiss Re...
98% of UK PE firms agree that traditional due diligence is inadequate for emerging market investments
The overwhelming majority of respondents to a new study on private equity in emerging markets report that traditional due diligence methods fall short in...
Treasury : Government welcomes first injection into Pensions Investment Platform
The Chief Secretary, Rt Hon Danny Alexander MP, has welcomed the progress by the National Association of Pension Funds (NAPF) and the Pension Protection...
BIBA : regulation clarifications welcomed but says cost and style must be proportionate
The British Insurance Brokers’ Association (BIBA) has welcomed further clarification from the Financial Services Authority (FSA) on the transition to the new regulator, the...
BIBA : Eric Galbraith to step down as Chief Executive
Eric Galbraith, Chief Executive of the British Insurance Brokers’ Association (BIBA), will step down next year after nearly 10 years leading the association.
Appointed Chief...
AIG : Robert H. Benmosche to deliver keynote speech at 2012 BrokerLink conference in Madrid
BrokersLink, one of the world’s largest independent insurance broker networks, whose members manage premium volumes in excess of USD 14 billion, has announced that...
AA sign up to IFB’s fight against fraud
AA Insurance Services Ltd has become the latest organisation to sign-up as a member of the Insurance Fraud Bureau (IFB), joining the industry’s collective...
RBS : flotation of insurance subsidiary Direct Line Group
State-rescued Royal Bank of Scotland on Thursday launched a partial flotation of its insurance subsidiary Direct Line Group on the London stock market ahead...
Fitch Ratings : Coface assigned A rating with stable outlook
Fitch Ratings has assigned Coface a Long-term Issuer Default Rating (IDR) of 'A'. The Outlook is Stable. Fitch has also assigned Coface Holding a...
CNP Assurance : Standard & Poor’s rates junior subordinated notes at A-
Standard & Poor's Ratings Services assigned its 'A-' long-term issue rating to the proposed $500 million undated notes to be issued by French insurer...
S&P : French insurer Groupama ratings lowered on announced non-payments on 2007 hybrids
Standard & Poor's Ratings Services has lowered the rating on French insurer Groupama S.A.'s 2007 junior subordinated notes to 'CC' from 'B'. They also...
S&P : Allianz Worldwide Care rating raised to A+
Standard & Poor's Ratings Services has raised its ratings on Dublin-based, Allianz Worldwide Care to 'A+' from 'A'. The outlook is stable.
The upgrade reflects...
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