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ABI : Londoners let down by riot compensation scheme
While insurers reacted quickly to help customers hit by last August’s riots, the riot compensation scheme has failed too many Londoners the ABI (Association...
Aon Benfield : U.S. severe weather insurance losses near $2 billion in June
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon, today releases the latest edition of its Global Catastrophe Recap report, which reviews...
RMS comments on U.K. Flooding
Further flooding has affected the U.K. during the weekend of July 6 and July 7 following further outbreaks of exceptionally heavy rainfall. The U.K....
Fitch Ratings: UK Life insurers to increase corporate pensions exposure
UK life insurers are expected to increase pension exposure from corporates looking to offload risks in their existing defined benefit schemes as well as...
Fitch Ratings : affirms Lloyd’s of London’s IFS rating at ‘A+’ with a stable outlook
Fitch Ratings has affirmed Lloyd's of London's (Lloyd's) Insurer Financial Strength (IFS) rating at 'A+'. Fitch has also affirmed the Society of Lloyd's Long-term...
MetLife : Just over 3% of DB Schemes cover 65% of active members
Decisions taken by a small number of defined benefit schemes could have a “significant impact” on future levels of active membership, a report by...
IFB : will share fraud intelligence with the public sector
The Insurance Fraud Bureau (IFB) has signed a new intelligence sharing agreement with NAFN Data & Intelligence Services, which will see intelligence on known...
Latest PMI report from Bank of Scotland
The latest Bank of Scotland PMI report showed that output in the Scottish private sector expanded at a faster rate in June, with job...
S&P : Swiss Re’s proposed dated junior subordinated callable fixed-to-floating-rate notes assigned ‘A’ rating
Standard & Poor's Ratings Services assigned its 'A' long-term debt rating to the $500 million dated, unsecured, and junior subordinated notes that global reinsurer...
Aviva : £318 million from Delta Lloyd shares sale
British insurer Aviva announced it had sold another 21 per cent of shares in Dutch unit Delta Lloyd for £318 million ($493 million, 398...
Fitch Ratings : Generali’s EUR750 million Hybrids Notes rated ‘BBB-‘
Fitch Ratings has assigned a 'BBB-' rating to Assicurazioni Generali SpA's EUR750m senior dated subordinated notes.
The notes will be issued by Generali under a...
MGM Advantage : breaks a world record in aid of Alzheimer’s Society
MGM Advantage, the retirement income specialist, has entered the Guinness World Records by achieving the most tandem parachute jumps in 24 hours, in aid...
Insurance fraud : OCADO stricks hard on ‘Crash for Cash’ fraud
Ocado, award-winning online supermarket and retail distributor, has teamed up with Hill Dickinson to take a stand against ‘crash-for-cash’ scams following an incident with...
Jelf Employee Benefits : response to the Institute for Fiscal Studies’ review of the NHS
Following today’s review of the NHS from the Institute for Fiscal Studies for the Nuffield Trust think tank, Jelf Employee Benefits’ commercial director, Ronjit...
CRIF : to enhance fraud prevention and measure risk more accurately for Admiral
Car insurance specialist Admiral Group has appointed CRIF Decision Solutions as its new supplier of choice for the automation of processes to boost fraud...
S&P : Irish Life Assurance ratings raised
Standard & Poor's Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on Ireland-based insurer Irish Life Assurance PLC (ILA)...
BIBA : concerns with the revision of Insurance Mediation Directive
The European Commission has published a revised Insurance Mediation Directive (IMD II), outlining changes to insurance broker regulation across Europe.
The British Insurance Brokers’ Association...
Hill Dickinson fraud team reports record year
Figures released on July 2nd 2012 by Hill Dickinson’s Fraud Unit illustrate a record year. The unit has experienced a 20% increase in instructions...
The AA : west Midlands flooding and hailstorms
The AA alone has attended around 100 cars driven through or stuck in flood water in the Midlands so far today (as at 14:00)...
Ovum : growing importance of BPO in European life insurance
Business process outsourcing (BPO) is now considered a strategic option by the boards of European insurers, according to Ovum. With the fragile economic state...
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