Home Industry News
Industry News
FSA : kick-back payments banned between discretionary investment managers and advisors
The Financial Services Authority (FSA) is consulting on a change to its adviser charging rules to ensure advisory firms do not receive any kick-back...
QBE : partnership with Institute of Risk Management
QBE has entered into a partnership agreement with the Institute of Risk Management (IRM) involving sponsorship of the Risk Leaders Conference, Professional Development Forum...
Aon Benfield : Asia faces an $8 billion economic loss due o September floods
Aon Benfield releases the latest edition of its Global Catastrophe Recap report, which reviews the natural disaster perils that occurred worldwide during September.
Published by...
S&P : Groupama Insurance ‘BB’ Ratings on watch positive on announced cquisition by Ageas UK
Standard & Poor's Ratings Services has placed Groupama UK on CreditWatch with positive implications.
Groupama UK's parent has agreed to sell the company's non-life insurance...
RMS : updates its Japan Earthquake Model
RMS today announced the release of an update to its Japan Earthquake Model, incorporating a re-characterization of hazard resulting from the 2011 Great East...
Business Bermuda : 2012 Economic Impact Study released
Business Bermuda has released two major new studies including its 2012 Economic Impact Study and its Annual Top-of-Mind Awareness Survey. The Bermuda Economic Impact...
Covéa Insurance launches in the UK market
Covéa Insurance, the business created from the merger of MMA Insurance and Provident Insurance, has been launched today.
Covéa Insurance is a new name to...
UK : Government welcomes one million boost to private sector employment
Employment Minister Mark Hoban has welcomed another fall in unemployment as figures showed private sector employment has risen by more than one million since...
U.S. : $15 billion earned on AIG bailout
The US government has raked in $15.1 billion in profits on its massive rescue of insurer AIG, the Treasury said Tuesday in a rebuff...
QBE Re : assigned an A+ rating by Standard & Poor’s
QBE European Operations has announced the restructure of QBE Re (Europe) Limited which will take effect on 30 September 2012. This follows the formation...
Fitch Ratings : hedge funds face challenge balancing reinsurance returns
Several well-known hedge fund managers have backed new reinsurance vehicles, with the aim of using stable premium flows in lower-risk underwriting business to support...
BIBA : Brokers receive increased commission from government trade credit initiative
Members of the British Insurance Brokers’ Association (BIBA) will receive increased commission levels from 10 per cent to up to 15 per cent when...
U.S. : Treasury to sell $18 billion of AIG stock
The US Treasury Department announced Sunday that it has launched a public offering of $18 billion of its common stock in AIG, the giant...
Insurance industry must do more to help young travellers get necessary cover
Reviewing our backpacker product recently, we found that the average cost of medical claims has increased from £370 to £750 in the last two...
Fitch Ratings : capital markets a sustainable alternative to traditional reinsurance
Fitch Ratings indicates in a new report that capital market alternatives to reinsurance from sources such as catastrophe bonds (cat bonds), collateralized quota-share reinsurance...
AIR Worldwide : Hurricane Isaac on course for Louisiana landfall
According to catastrophe modeling firm AIR Worldwide, Isaac has finally reached hurricane strength. Isaac is a large tropical cyclone with maximum sustained winds of...
RMS : comments on Tropical Storm Isaac
Tropical storm Isaac is located in the Gulf of Mexico and is heading towards the coast of Louisiana. In the last 24 hours, Isaac’s...
Lorega announces retirement of Chairman
Lorega, the pioneer of Loss Recovery Insurance, announces the retirement of Malcolm Harvey as Director and Chairman.
Mr Harvey, together with his wife Judy Jago,...
AIG : US Federal Reserve nets $17.7 billion profit from AIG bailout
The US Federal Reserve said Thursday it had sold the last of its investment in insurer AIG, turning a $17.7 billion profit for the...
US insurer Aetna announces acquisition of Coventry Health Care for $7.3 billion
The US insurance giant Aetna will acquire managed health care company Coventry in a transaction valued at $7.3 billion, the two companies announced early...
Prev
