Articles by Insurance Post Staff
Fitch puts Aviva's UK businesses on negative outlook
Fitch Ratings has downgraded Aviva's long-term Issuer Default Rating to 'A' from 'A+', due to what it described as capital depletion as a result of steep declines in equity and credit markets. Its core non-US operating subsidiaries' Insurer Financial…
Liberty Syndicates restructures underwriting arm
Liberty Syndicate Management has bolstered its underwriting organisation and management with a raft of internal promotions.
AIG's US P&C subsidiaries aren't undercutting market - GAO
(BESTWIRE) - Insurance brokers and buyers report no extraordinary underpricing by American International Group Inc.'s commercial property/casualty subsidiaries, but the units "likely received some indirect benefit to the extent that the property/casualty…
Aviva downgraded
Fitch Ratings has today downgraded Aviva plc's long-term issuer default rating 'A' from 'A+', reflecting capital depletion as a result of steep declines in equity and credit markets.
Coface optimistic for 2009 after implementing successful credit crisis plan
Coface Holding has reported a 7.1% increase in turnover in 2008 (6.5% at constant structure) and a credit insurance loss ratio of 73% - an increase of 24 points since the last quarter of 2008.
Ace Europe appoints marine manager
Ace Europe has appointed Mike Reynolds as marine manager for the UK & Ireland.
National fraud crackdown must end the 'victimless crime' myth, says ABI
The Association of British Insurers has welcomed the National Fraud Strategic Authority's National Fraud Strategy, published today.
S&P has a gloomy outlook for Chinese insurer
US ratings agency Standard & Poor's Ratings Services has placed its 'BBB-' long-term and 'A-3' short-term counterparty credit ratings on China Insurance International Holdings Co. Ltd. (CIIH) and the 'BBB-' issue rating on the company's senior unsecured…
Government involvement drastically reshapes financial services M&A
The financial crisis has had a profound impact on patterns of M&A in financial services across Europe during 2008, reversing many well-established trends in deal activity, according to PricewaterhouseCooper.
Airlines rates continue to improve - Aon
Airline insurance prices continued to improve in 2008, Aon said in a release.
Supermarkets greatest threat warn financial services companies
Recent research conducted by financial outsourcer, Opal, has revealed that traditional financial services companies fear that Supermarkets will pose the greatest threat to their business in the next decade.
Crash for cash pair sentenced
Two men who were part of a gang which put in hundreds of bogus car accident claims worth almost three million pounds have been sentenced .
Moneysupermarket boosts home motor and home panels
Moneysupermarket has added Virgin, Churchill and Privilege to its motor and home insurance panels.
Glacier's net income more than halves
Glacier insurance, the Switzerland-based (re)insurer, saw net income tumble to $26.2m from $69.5m the year before after heavy hurricane losses hit its bottom line.
FSA fines broker for misleading clients
The Financial Services Authority has fined Blackburn insurance broker Aspray £21,000 for failings in control of its appointed representatives, and for misleading its clients and the FSA.
Sompo and Nipponkoa to merge
Japanese non-life insurance giants Sompo Japan and Nipponkoa are to merge in a deal that will create country's third-biggest non-life insurer.
Obama poster becomes Brit Insurance Design of the Year
Shepard Fairey has won the title of Brit Insurance Design of the Year 2009.
The long haul
In series: Fleet Motor
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I'm returning to work after having a baby and ideally looking for a part-time role. I'm concerned th...
Bridge boss 'top student'
Risk manager David Poyser has been named student of the year at his graduation at Nottingham Trent U...
Dedicated study and reference centre opens
The UK's first dedicated study and reference centre for insurance and financial services workers has...
Heath Lambert seeks PL gain after inertia
Heath Lambert has reported a 13% increase in its retail personal lines income after failing to keep ...
Appointment at Dual Corporate Risks
Underwriting agency Dual Corporate Risks has promoted managing director Russell Kilpatrick to the ...
Appointment at Glencairn
Glencairn has hired Tony Pickering as deputy chairman of Glencairn Energy. Mr Pickering was previo...