insurance breaking news
G. Thompson Hutton to retire from XL Insurance Group board of directors
XL Insurance Group announced today that Mr. G. Thompson Hutton has decided to leave the board of directors to start a new business focused...
Standard & Poor’s lowers Axa rating to AA- from AA
Standard & Poor's Rating Services said today that it has lowered its long-term counterparty credit ratings and insurer financial strength ratings on the core...
RSA Insurance Group notice of 2009 half year results
RSA announces that its 2009 half year results will be released on Thursday 6 August 2009 at 7.00am. A briefing to investors and analysts...
HSBC firms fined over £3m for information security failings
The Financial Services Authority (FSA) has fined three HSBC firms over £3 million for not having adequate systems and controls in place to protect...
Willis and British Retail Consortium form strategic alliance to offer insurance services to BRC Members
The British Retail Consortium (BRC), the leading trade organisation for UK retailers, and Willis Limited, the UK arm of Willis Group Holdings, the global...
LV= joins PowerPlace Panel to make a range of commercial products
LV= has joined the panel of PowerPlace insurers and plans to launch a range of its commercial products on the software. LV= joins NIG,...
APC confirms Lloyd’s accreditation
Commercial insurance underwriting agency APC has confirmed Lloyd’s accreditation status, which the company intends to use as a springboard to launch into Europe.
APC which...
Walker review proposes fundamental changes to strengthen governance
The corporate governance review led by Sir David Walker has recommended substantial changes to the way the boards of banks and other big financial institutions function in particular through boosting the role of non-executives in the risk and remuneration process.
UK life insurers were tested with easier stress-test than banks.
According to Financial Services Authority, life insurers could survive a recession that assumed a 15 percent drop in property prices in 2009.
Gloomy Scenarios In UK Insurer Stress Tests Already Happened
Gloomy scenarios to assess the resilience of U.K. insurers turned into reality within weeks of the tests being carried out earlier this year, casting doubt on their usefulness.
Chairman of Allianz UK : Clement B Booth joins the ABI Board
Clement B Booth, Member of the Board of Management of general insurance group Allianz SE and Chairman of Allianz UK, has been appointed to the ABI Board
BIBA’s new London committee promises greater influence
Last week’s first meeting of the British Insurance Brokers’ Association (BIBA) new London Market Region Committee (LMRC) had a clear aim: to set the kind of goals and strategy that would mark a fresh approach to London broker representation.
Aon Benfield CapTivate Product Becomes Integral Solution for Energi Holdings
Aon Benfield, the world’s premier reinsurance intermediary and capital advisor, announces today that Energi Holdings, a leading industrial captive reinsurance company, has utilized its CapTivate reinsurance solution to support Energi’s growth.
End of road for lower benefits insurance costs
Employers could face higher costs for life, critical illness and income insurance cover, according to research from Aon Consulting, the employee risk and benefits firm
AIG to complete sale of its consumer finance operation in Mexico
American International Group, Inc. (AIG) today announced that it has closed the sale of its consumer finance operations in Mexico
Video : Aviva insurer is changing its name
Aviva's commercial featuring Bruce Willis, Elle McPherson, Alice Cooper and Ringo Starr
Good pension package offers is becoming a competitive advantage for British businesses
Pensions are the most important feature a company can offer employees, with nine out of ten saying they are either a very important or fairly important factor influencing the decision to join a company, according to a survey by Aon Consulting.
Aon declares quarterly dividend
Aon Corporation announced that the Board of Directors has declared a quarterly cash dividend of $0.15 per share on outstanding common stock. The dividend is payable on August 17, 2009 to shareholders of record on August 3, 2009
Towergate Risk Solutions – Darren Paterson appointed as Account Executive
Towergate Risk Solutions (TRS) Leeds today announces the appointment of Darren Paterson as an Account Executive. Darren joins Towergate from Oval in Wakefield, where he advised corporate clients on their insurance programmes for over 10 years.
AIG to accelerate separation of ALICO
American International Group, Inc. (AIG) today announced it will accelerate steps to position American Life Insurance Company (ALICO) as an independent entity and seek...
