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AIR Worldwide : estimates insured losses from Turkey’s M7.2 earthquake
Estimated insured losses from the magnitude 7.2 earthquake that struck eastern Turkey near the city of Van are estimated between $55 million and $170...
S&P : Liverpool Victoria Insurance and Highway Insurance assigned ‘BBB+’
Liverpool Victoria Friendly's core operating entities, Liverpool Victoria Insurance and Highway Insurance, have both been assigned ‘BBB+’ insurer financial strength ratings by Standard &...
Fitch Ratings : Generali’s non-core German subsidiaries affirmed
Generali Deutschland Group’s (GDG) three German non-core subsidiaries affirmed by Fitch Ratings :
- Advocard Rechtsschutzversicherung AG (Advocard; non-life insurer): Insurer Financial Strength (IFS) Rating...
Aon Benfield : life cat reinsurance cover costs decreases globally except in Japan
Aon Benfield has released its 2011 Death & Disability Cat Benchmarking Study, which provides insight into insurer’s reinsurance purchasing patterns in Life business, analysing...
Hannover Re : favourable business opportunities for subsidiary in the German market
January 2012 renewals are looked upon with optimism by reinsurer E+S Rück, which bears responsibility for German business within the Hannover Re Group.
"The claims...
AIR Worldwide : terrorism model for the U.S. updated
AIR Worldwide has released an update to its terrorism model for the United States. Used by insurers and reinsurers to assess potential losses to...
BCIS : trends in shrinking homes halt according to latest figures
The trend for new homes to be built to a diminishing floor area halted last year, compared with those built since the turn of...
S&P : ‘A’ rating withdrawn from SCOR Global Life
Standard & Poor's Ratings Services today said it withdrew its 'A' long-term insurer financial strength ratings on reinsurance companies SCOR Global Life Rueckversicherung Schweiz...
Europe : UK insurance market is first in Europe
According to the European insurance and reinsurance federation, or the CEA (Comité Européen des Assurances) Europe is in first place in the global insurance...
Jelf Employee Benefits : SME employers fear cost of impact of Health Bill and welfare reforms
Changes to NHS and the welfare state are feared by SME employers according to Jelf Employee Benefits. Indeed 55% of employers at small- to...
IFB : three year strategy announced
The Insurance Fraud Bureau (IFB) released details of the action plan designed to deliver their new strategy and supporting financial investment required in the...
MMA : unexpected threat to plastics industry following surge in metal thefts
MMA Insurance is warning of the new threat to the plastics sector following recent increases in metal theft in the UK. Rising prices of...
Aon Benfield : new study to assist insurers to optimise balance sheets under Solvency II
Aon Benfield has launched its Solvency II Revealed report, which contains a series of in-depth articles on the key challenges of the new regime...
Aviva : announces up to 950 job cuts in Ireland
Insurance giant Aviva announced plans to cut up to 950 jobs in Ireland as it combines its operations in the Republic and in Britain,...
Standard Life : new report to help with auto enrolment
To ensure auto enrolment plan will go smoothly, Standard Life launched a report detailing new research into the measures that need to be taken...
Munich Re : CFO sees 3Q write-downs on Greek bonds
Munich Re AG expects further write-downs on Greek sovereign debt holdings in the third quarter, but these will be lower than in the second...
S&P : ratings on Mapfre Insurance Group and subsidiaries lowered following downgrade of Spain
Standard & Poor’s has announced Mapfre Insurance Group’s insurer financial strength and long-term counterparty credit rating have bee lowered to ‘AA-‘ from ‘AA’. At...
International groups vie for acquisition of Polish insurer
Major international groups are vying for the acquisition of Polish insurance company Warta from Belgium's KBC for a sum estimated at between 233 and...
Xchanging : business managers and technology manager must better cooperate
A panel of insurance technology experts have concluded that business leaders and IT managers should better interact to maximise benefits.
The conclusion is that to...
XL Group : preliminary loss estimates for third quarter 2011 announced
XL Group announced preliminary net loss estimates related to catastrophe loss events in the third quarter of 2011, including Hurricane Irene, Tropical Storm Lee,...
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