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Smart technology and data to improve claims performance and cut £2bn of fraud
Insurance premiums are set to climb throughout 2012 as insurers seek to claw back the staggering costs of today’s compensation culture without losing the...
XL Group : receives approval to write political and trade credit risk on Lloyd’s platform
XL Group’s insurance operations has announced that its Political Risk and Trade Credit (PRTC) business has received approval from Lloyd’s to write Political Risk...
EU Consumer Rights Directive – is there a downside?
A recent Which? report highlighted the practice of holiday companies automatically opting their customers in to the purchase of travel insurance while booking their...
S&P : Global Multiline Insurers face a mix of improving prospects and some uncertainties
Varying constraints continue to pin back the financial profiles of many global multiline insurers (GMIs), said Standard & Poor's Ratings Services' in a recent...
Fitch Ratings : Generali Espana & Reale Seguros’ ratings -unaffected by Spanish sovereign downgrade
Fitch Ratings says that Generali Espana, S.A. de Seguros Y Reaseguros (Generali Espana) and Reale Seguros Generales' (Reale Seguros) ratings are not affected by...
Code of Good Practice on Incentivised Transfer Exercises published
A Code of Good Practice on Incentivised Transfer Exercises (ITE) was today published by the Industry Working Group on Incentive Exercises. Developed by a...
Fitch Ratings : ATLANTICLUX IFS at ‘BBB’ with a stable outlook
Fitch Ratings has affirmed Luxemburg-based ATLANTICLUX Lebensversicherung S.A.'s (ATL) Insurer Financial Strength (IFS) rating at 'BBB', Long-term Issuer Default Rating (IDR) at 'BBB-' and...
AXA Commercial : invests in Local Training Clubs
AXA Commercial Lines has added a new learning facility to its range of professional development training services for brokers.
The ‘Local Training Clubs’ will...
‘Don’t do it again,’ Greek debt negotiator tells Europeans
A key representative of the private Greek debt holders who agreed to erase part of the country's huge debt called Wednesday on other countries...
RSA : Expands in Canada with the acquisition of L’Union Canadienne
RSA Group has agreed to acquire L’Union Canadienne for £94 million. This operation will more than double the company’s presence in the Quebec market.
"Our...
Aon Hewitt : survey finds positive shift in employee engagement worldwide
After years of declining employee engagement levels around the world, a new analysis released by Aon Hewitt, the global human resource solutions business of...
Fitch Ratings : publishes Amlin’s IFS rating at ‘A+’ with a stable outlook
Fitch Ratings has published Amlin AG's Insurer Financial Strength (IFS) rating of 'A+'. Fitch has also published Amlin plc's Long-term Issuer Default Rating (IDR)...
Aon Affinity : Access Plan acquisition completed
Aon Affinity, the consumer, association and group program business of Aon Risk Solutions, has announced it completed on May 31 its acquisition of Access...
QBE : UK regional restructure
QBE has announced changes to the structure of its regional UK & Ireland operations. This follows the successful acquisition by QBE of the renewal...
Law Society : supports solicitors’ request for insurance broker commission details
The Law Society has published its 2012 PII Buyers’ Guide, which provides detailed guidance to all solicitors in choosing brokers and insurers when renewing...
Columbus Direct : young travellers fuel high street sales market share
One-in-five travellers ventured abroad uninsured in 2011 although sales of annual travel insurance policies have increased during the past 12 months with 30% of...
Parabis : integration of adjusting businesses completed
The specialist property adjusters Carmichaels, which has been part of the Parabis Group since 2010, becomes Argent Property Adjusters with effect from 1st June....
Transport Committee : OfT decision to refer car insurance market to the Competition Commission welcomed
Louise Ellman welcomes OfT decision to refer the car insurance market for investigation by the Competition Commission.
Responding to publication by the Office of...
Swiss Re : announces sale of US Admin Re business
Swiss Re announces the sale of its US Admin Re business (REALIC) to Jackson National Life Insurance, subject to regulatory approval. Admin Re expects...
ARAG : a helping hand for our broker partners
In the market ARAG is known for providing a high standard of service to both the intermediaries and their customers. With this reputation backed...
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