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Solvency II : smaller insurance firms to face upheavals
Smaller insurance firms are set to take the brunt of upheavals in the face of the Solvency II reforms, it has been suggested.
A survey...
Credit default swaps for France, Italy hit record highs
Insurance against credit defaults by France and Italy reached record high levels on Monday as investors worried about the difficulty faced by countries across...
Fitch Ratings : Hiscox’s IFS rating affirmed at ‘A’ with a stable outlook
Hiscox has been affirmed an insurer financial strength rating at ‘A’ by the credit rating agency Fitch Ratings and a long-term insurer default rating...
Fitch Ratings : Sterling Insurance and Sterling Life affirmed at ‘BBB+’
Fitch Ratings has affirmed Sterling Insurance Co Ltd's (SICL) and Sterling Life Ltd's (SLL) Insurer Financial Strength (IFS) ratings at 'BBB+'. The Outlooks are...
A new aggregator to arrive in the UK
According to the French daily Les Echos, French mutual companies regrouped under the name Covéa, which includes GMF, MMA and MAAF, will soon strengthen...
Aon Hewitt : US salary increase stays consistent with recent trends
Aon Hewitt announced findings from its annual U.S. Salary Increase Survey. While there is projected to be a slight uptick in salary increases in...
HSBC : fails to meet PPI complaint deadline
Banking giant HSBC confirmed yesterday that it was going to miss the Financial Services Authority’s (FSA) deadline of 31 August, for dealing with complaints...
S&P : Standard Life and core subs unaffected by company’s proposal to junior sub note holders
Standard & Poor's Ratings Services said today that its ratings and outlook on Standard Life PLC and its core insurance operating subsidiaries (rated A+/Stable/--)...
Fitch Ratings : global reinsurance earnings under pressure
Fitch Ratings says that earnings prospects for the global reinsurance industry remain uncertain, due to pressure on investment income, premium price adequacy and dwindling...
Brit Insurance : warns of major business continuity risk
Brit Insurance warns that if truck drivers do not comply with forthcoming European regulation there could be a major breakdown in distribution and supply...
Brit Insurance : increase in claims from corporate law firms
As the clocks go back in October, many solicitors will be left in the dark as to whether they’re covered for new professional indemnity...
Aon Benfield : released latest annual Insurance Linked Securities report
Aon Benfield has released its annual Insurance Linked Securities (ILS) report. This examines the trends witnessed in the ILS sector during the last 12...
LV= : drivers swap penalty points for clean license
LV= new research shows about 6 per cent of UK drivers would take the blame for another person’s penalty point. Currently, of all license...
ABI : critical illness and life insurance claims paid out continues to rise
According to the Association of British Insurers, the amount paid to customers through critical illness and life insurance policies continues to rise significantly.
In 2010,...
Swiss Re : new sigma study “State involvement in insurance markets”
More and more governments are leveraging private insurance skills and the growing capacity of the sector to cover catastrophe losses as well as a...
FSA / PPI : UK companies paid out an estimated GBP 215 in PPI compensation
The UK companies that have mis-sold payment protection insurance have paid out an estimated GBP 215 million during the first half of the year...
S&P : Hurricane Irene should have a limited impact on Re/Insurers
Standard & Poor’s estimates Hurricane Irene will likely have a limited impact on US P&C insurers and global reinsurers. This commentary, published on RatingsDirect,...
IFB : Q2 statistics for ‘Crash for Cash’ hot spots released
With the IFB’s analytical software, 128 million insurance records were analysed to identify and produce the league table of regional hotspots for ‘crash for...
AIR Worldwide : estimates insured losses from Hurricane Irene
Hurricane Irene caused estimated insured losses between USD 3 billion and USD 6 billion to onshore properties in the US. These estimates from modelling...
Swiss Re : warns that the economic environment is still turbulent
Swiss Re warns that the economic environment, in the wake of the financial crisis is still very challenging and turbulent.
The industry is moving...
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