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Merlin : expansion in Northern Ireland
Merlin’s Northern Ireland division has expanded its team by 83% over the last 18 months and seen demand for its services grow exponentially, with...
ABI: new travel insurance consumer guide
To help better choose travel insurance before going away this summer, the Association of British Insurers published a guide to make clear what is...
Fitch Affirms Ageas Holding and Operating Companies
Fitch Ratings has affirmed AG Insurance's Insurer Financial Strength (IFS) rating at 'A+' and Long-term Issuer Default Rating (IDR) at 'A'. Fitch has also...
Market review with Mathew Bennett from NFU Mutual
Matthew Bennett, Head of International Equities at NFU Mutual, reviews the markets and economic announcements for the week commencing 11th April 2011.
Market summary
After three...
Fitch Upgrades Royal & Sun Alliance’s IFS to ‘A’; Outlook Stable
The upgrades reflect RSA's solid and robust financial profile, characterised by a strong business franchise, consistent across-cycle earnings and a growing level of geographical...
Hannover Re : reinsurance portfolio acquired from Scottish Re
Hannover Re has reached agreement with Scottish Re (US) on the acquisition of a reinsurance portfolio as part of a transaction.
The acquired portfolio covers...
Aon Benfield : Aggregate report shows reinsurer capital at record levels
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corporation, today launches the latest edition of its Aon Benfield Aggregate (ABA) report,...
Cyber crime : nearly a quarter of SMEs concerned about the risk
New research by specialist small business insurer Hiscox reveals that 75% of SMEs do not feel completely confident that their office premises are safe...
Water Resilience Insurance : Aon’s next generation water contamination insurance
Anglian Water, one of the largest water and wastewater company in England and Wales, has purchased Aon’s exclusive, industry leading insurance product for water...
Gulf of Mexico disaster could increase oil cost
The problems British oil giant BP faces in controlling a massive oil spill in the Gulf of Mexico highlight the dangers of working in...
Aerospace insurance costs continues steady descent
The price of insurance for the aerospace industry looks set to continue to decline in 2010, for the fourth year in a row, finds...
US insurance giant AIG has agreed to sell its Asian arm, AIA, to British insurer Prudential for around 35 billion dollars
US insurance giant AIG has agreed to sell its Asian arm, AIA, to British insurer Prudential for around 35 billion dollars (26 billion euros,...
CEIOPS and Swiss Insurance Supervisor agree to further enhance supervisory cooperation
Supervisory cooperation between CEIOPS Members and the Swiss insurance supervisor is based on a 2005 Multilateral Memorandum of Understanding. The Memorandum is one of...
BIBA welcomes Government law proposals to help customers find insurance
The BIBA has welcomed the new Policy Statement from the Government’s Equality Office. Proposed new measures will help ensure that customers can obtain the...
International supervision regulation on insurance groups approved
The International Association of Insurance Supervisors (IAIS) Executive Committee this week approved the recommendations on the design and workplan regarding a framework to better...
Count Down to RTA PI Claims Process Reforms Begins
Insurers and claimant lawyers have 77 days to adapt internal operations and processes in readiness for April 6 – the formal implementation date of...
UK government must support contract bonds for exporters
The UK government is failing exporters by refusing to underwrite the issue of bonds needed to win overseas orders and guarantee the performance of...
BT joins the Insurance Fraud Bureau
BT has joined the insurance industry’s collective fight against organised fraud by becoming the latest member of the Insurance Fraud Bureau (IFB). BT will...
EU changes leave offshore insurance services with VAT bill
Two changes to EU VAT rules threaten the huge savings made by European insurers who have been off shoring much of their back office...
British micro-business ‘revolted’ by law on insurance
Some of Britain’s smallest businesses have been “shocked and horrified” to discover that their insurance policies may be rendered worthless by an innocent mistake,...
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