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Fitch: ratings movements
(From Fitch Ratings)
Fitch Ratings has affirmed Old Mutual PLC's (Old Mutual) 'A-' Long-term IDR and Old Mutual Life Assurance Company (South Africa) and Skandia...
Swiss : earthquake-prone countries remain uninsured
Much of the world, even country’s prone to seismic events, is dangerously under insured for earthquakes, a new Swiss Re paper has revealed.
Despite last...
What are the biggest fears of companies today?
Economic risks, business interruption and destructive natural catastrophes are the risks which business fear the most, according to a recent study by Allianz Glabal...
Organisations using archair risk management : PwC
Many companies and organisations have “worryingly incomplete” and “archaic” risk management practices, according to a new PwC paper launched today.
The report, 'Black swans turn...
Sterling to open new branch in Manchester
Sterling Insurance is expanding their business reach, with the opening of a new regional branch in Manchester.
The new office is expected to be...
BIBA welcomes Treasury report
The British Insurance Brokers Association welcomed the publication of the Treasury Committee's report on the Financial Conduct Authority today.
Eric Galbraith, BIBA chief Executive, said,...
Motor insurance scam in UK
Hundreds of people are driving in Britain uninsured – and many of them don't even know it.
Aston Midshires Insurance, an internet based seemingly-legitimate insurance...
Aon to move to London
Aon Corporation is set to assert their dominance in the risk management world this year, as they move their corporate headquarters to London, the...
Fake injuries and fraud on the rise : GPs
Over half of UK doctors have noticed an increase in the amount of patients attempting to make fraudulent claims, LV car insurance reported.
60% of...
Fitch affirms Standard Life IFS at ‘A’
Fitch has affirmed Standard Life's insurer financial strength (IFS) rating at 'A' and their long term issuer default fating at 'A-'. Both ratings are...
Transport Committee calls for tougher restriction on compo claims
The Transport Committee has called for tougher restrictions for whiplash compensation claims, in an attempt to curb “the runaway cost of motor insurance”.
In their...
BIBA disagrees with transport committee on referral fee ban
The British Insurance Brokers Association (BIBA) said it is mainly happy with the Transport Committee's follow up report on the cost of insurance, but...
S&P lower UAE insurer credit rating
Standard and Poor's has lowered their credit rating on United Arab Emirates insurer, Noor Takaful Family, to BB+ with a stable outlook.
The movement comes...
BIBA 2012 manifesto : broker regulation and growth
The British Insurance Brokers’ Association (BIBA) release its 2012 annual Manifesto today, outlining its priority lobbying issues for the year ahead.
The main focus for...
AA welcomes Transport Committe report
AA Insurance has welcomed a report by the Transport Committee today, following its inquiry into the cost of car insurance.
The report comes after Prime...
Fitch : Zurich Insurance IFS rating ‘A+’
Fitch Ratings has affirmed Zurich Insurance Company's (ZIC) Insurer Financial Strength rating at 'A+' and Long-term Issuer Default Rating at 'A'. The Outlook is...
ClusterSeven : data control standardisation needed
Only one in five actuaries and insurance finance professionals are confident of their firm’s data control processes, in particular the handling of spreadsheets, according...
AXA Healthcare removes limits on cancer treatment
AXA PPP Healthcare, one of the UK's biggest health insurance providers, has joined Aviva in removing all limits on its cover for licensed cancer...
A.M. Best : global reinsurance segment stable
Despite numerous challenges facing the market, A.M. Best has affirmed the global reinsurance segment as stable. The company sited strong risk-adjusted capitalisation, prudent enterprise...
L&G insured against “risk” of pensioners living longer
Legal & General (L&G) have entered into a longevity insurance transaction with the Pilkington Superannuation Scheme. The deal covers L&G for the “risk of...
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