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Cigna to move into UK market through FirstAssist purchase
US health insurance giant Cigna Corp. has announced plans to buy UK-based travel insurance provider, FirstAssist Insurance Services.
The firm is currently owned by Barclays...
Fitch Ratings : UK life insurance sector announced stable
According to Fitch Ratings, the UK life insurance sector remains stable, indicating that a vast majority of life insurer ratings may be affirmed over...
Fitch Ratings : Groupama and subsidiaries downgraded
Fitch Ratings has further downgraded the insurer financial strength of Groupama and four of its core subsidiaries to ‘BBB‘ from ‘A-‘.
The subsidiaries are Groupama...
S&P : Congregational & General Insurance outlook to positive from stable, ‘BB+’ ratings affirmed
Congregational & General Insurance's outlook revised by Standard & Poor’s to positive from stable. The long term counterparty credit and financial strength ratings have...
S&P : Fondiaria-SAI and subsidiary Milano Assicurazioni outlook revised to negative from stable
Standard & Poor’s has revised the outlook of Italian Fondiaria-SAI and its core subsidiary Milano Assicurazioni to negative from stable. The financial strength and...
S&P : marine insurer SIAT rating revised to negative
Standard & Poor’s has revised its outlook on Italian marine insurer SIAT (Società Italiana Assicurazioni e Riassicurazioni) to negative from stable. The financial strength...
RSG : acquisition of Jubilee complete
Ryan Specialty Group has announced that the acquisition of specialist Lloyd’s insurer Jubilee Group is complete. Jubilee currently operates two active Syndicates at Lloyd’s,...
Fitch Ratings : the Retail Distribution Review will reduce IFA dominance in UK Life insurance sector
According to a new report from Fitch Ratings, the UK Financial Services Authority's Retail Distribution Review (RDR) will cause some short-term market disruption as...
ABI figures show income from life insurance still falling
The UK life insurance industry paid out $32 million in benefits each day in 2010, according to the Association of British insurers.
The payments were...
Charter Investors could block Colfax takeover
Top investors in U.K. engineering firm Charter International are threatening to block a proposed takeover unless its U.S. suitor, manufacturing firm Colfax Corp, pays...
S&P : Groupama ratings downgraded to ‘BBB’ from ‘BBB+’ with a negative outlook
Standard & Poor's Ratings Services has lowered its long-term counterparty credit and insurer financial strength ratings on France-based composite insurer Groupama S.A. and its...
AIR Worldwide : Typhoon Roke loss estimates
Catastrophe modeling firm AIR Worldwide estimates insured losses from Typhoon Roke at between JPY 12 billion (USD 150 million) and JPY 46 billion (USD...
Lloyd’s : cuts European debt exposure
The Lloyd's of London insurance market announced that it has slashed its exposure to European government debt and pulled cash out of some of...
ABI concerned about planning framework flood risk
The government's proposed relaxation of the planning regulations could lead to more homes being built in flood risk areas, according to the Association of...
Aon Benfield : ‘Catastrophic complexity’ chosen as theme for 12th Hazards Conference
Aon Benfield is hosting its 12th Hazards Conference in Australia on 29 September to 1 October in the aftermath of major earthquakes, tsunamis and...
S&P : DAS UK outlook revised to stable
Rating agency Standard & Poor’s has revised D.A.S. Legal Expenses Insurance Co.’s outlook from negative to stable. At the same time, the ‘A’ long...
Cinven considers sale of Partnership Assurance
Cinven, the private equity house, could be mulling over the sale of one of its insurance divisions, Partnership Assurance, after receiving several offers for...
Fitch Ratings : affirms ING Group on Rating Watch Negative
Fitch Ratings has affirmed short term and long term issuer default ratings (IRDs) for ING Group on Rating Watch Negative.
ING Group, the group holding...
Whittington : reached agreement for sale of London businesses
Singapore based Whittington Group has reached a definitive agreement to sell its London businesses to a consortium, comprising Tawa Plc, Skuld, and Paraline Group,...
Lloyd’s : five or six businesses up for sale
In the Lloyd’s of London, five or six businesses are for sale, with only two needing a buyer according to Mark Byrne, the US...
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