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Fitch Ratings : ‘AA-‘ rating for Legal and General
Legal and General (L&G) have received an 'AA-' rating for Insurer Financial Strength (IFS), Fitch ratings said today.
Other ratings which the company received included...
RMS : even moderate new Madrid earthquake could generate up to USD50 billion in insured losses
The year 2011 marks the 200th anniversary of the first in a sequence of three Magnitude 7 or greater earthquakes that occurred over a...
Sainsbury’s : be aware on icy roads
38 per cent of UK drivers don't know what to do if their car goes into a skid, a new study by Sainsbury's has...
BIBA : insurance sector deservs more credit
The British Insurance Brokers Association (BIBA) has said that more recognition should be given to the value insurance brokers bring to UK plc, and...
OFT : insurers enter information sharing agreement
Six large insurance companies have entered an agreement to regulate the way price information for motor insurance is shared, after the Office of Fair...
Chartis makes USD 575 million deal with Compas Re
Chartis has today announced it made a reinsurance deal worth USD 575 million with Compas Re to cover US hurricanes and earthquakes.
The deal, which...
Swiss Re : Thailand floods to cost insurers USD 10 billion
As the waters in Thailand begin to recede, the cost for insurers is becoming more clear. Swiss Re has estimated that floods, which caused...
Aon Benfield : new report offers insight into China’s insurance market
Aon Benfield has published a new report which explores the opportunities and challenges insurers may face when formulating strategies in China.
The report, titled the...
Defaqto : 25 per cent of insurance can be bought directly
25 per cent of office insurance can now be bought directly online, but this may mean that some businesses are buying the wrong cover,...
OFT : formal commitments from motor insurers, agree to limit data exchange
Six insurance companies and two IT software and providers gave their commitment to the OFT to limit the data exchanged between them.
The following companies...
RMS : official end to 2011 Atlantic Hurricane season
November 30th officially marks the end of the 2011 Atlantic hurricane season. This year has seen 19 tropical storms, 7 hurricanes, and 3 major...
Michael Jackson : London insurers to see medical records
Insurers for Michael Jackson's ill-fated London comeback shows can study some of the star's medical records, a US judge said Thursday, in a ruling...
France : insurance market recorded a 7 % drop in contributions by the end of October
The French insurance market has recorded a 7 per cent drop in contributions in the first ten months of the year according to figures...
DUAL Corporate Risks : additional capacity with Aspen and Pembroke secured
DUAL Corporate Risks has teamed up with Aspen Managing Agency Limited (Syndicate 4711) and Pembroke Managing Agency Limited (Syndicate 4000) to provide additional capacity...
Fitch Ratings : affirms Prudential ratings, outlook is stable
Fitch Ratings has affirmed Prudential Plc's (Prudential) Long-term Issuer Default Rating (IDR) at 'A+' and senior unsecured debt at 'A'. The agency has also...
The AA : uninsured drivers get away too easy
Just £200: that’s the average fine meted out by courts in England and Wales to people caught driving without insurance, according to new figures...
Fitch Ratings : Rolls Royce agrees pension fund longevity swap
Fitch Ratings says Rolls-Royce's longevity swap is an important step in managing one of the key risks facing occupational pension schemes. The deal, announced...
Reliance, Bharti call off talks on insurance purchase
Indian energy giant Reliance Industries said Friday it had abandoned talks with Bharti Enterprises to buy out its 74 per cent stakes in two...
Axa : termination of negociations between Axa, Bharti and Reliance Industries
AXA, Bharti, Reliance Industries and its associate Reliance Industrial Infrastructure announced today that they have mutually agreed to terminate their negotiations on the proposed...
Fitch Ratings : Millniumbcp-Ageas outlook negative and operating entities IFS to ‘BBB-‘
Fitch Ratings has downgraded Portuguese insurer Millenniumbcp-Ageas's operating entities' Insurer Financial Strength (IFS) ratings to 'BBB-' from 'BBB'. The Rating Watch Negative (RWN) on...
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