News
QBE strikes $700m Bank of America insurance agreement, acquires BOA arm
QBE has entered into an initial ten year distribution agreement with Bank of America for lender placed and voluntary homeowners, contents, motor and other related consumer lines and associated services.
QBE reveals $245m weather hit, but profit in line with expectation
QBE has announced that its 2010 net profit after tax in line with market expectations after a record underwriting profit but a lower insurance margin from continuing low interest yields in the US and UK.
PWC warns insurers to take Solvency II action
Insurers must act on the results of the fifth Solvency II quantitative impact study if they are to avoid facing difficult questions from investors, analysts and the market, Pricewaterhouse Coopers has warned.
PWC warns insurers to take Solvency II action
Insurers must act on the results of the fifth Solvency II quantitative impact study if they are to avoid facing difficult questions from investors, analysts and the market, Pricewaterhouse Coopers has warned.
Government plans extension to travel protection scheme
The scheme that protects holidaymakers in the event that a travel firm goes bust looks set to be extended.
Government plans extension to travel protection scheme
The scheme that protects holidaymakers in the event that a travel firm goes bust looks set to be extended.
French loss adjuster forms alliance with Crawford
Crawford & Company is to service claims outside France on behalf of TEXA customers after joining forces with the French loss adjuster.
French loss adjuster forms alliance with Crawford
Crawford & Company is to service claims outside France on behalf of TEXA customers after joining forces with the French loss adjuster.
Aon Benfield: Australian floods could cost $20bn
Aon Benfield has released its monthly Cat Recap report, predicting that devastating floods in Australia could impact insurers to the tune of $20bn US dollars.
Aon Benfield: Australian floods could cost $20bn
Aon Benfield has released its monthly Cat Recap report, predicting that devastating floods in Australia could impact insurers to the tune of $20bn US dollars.
LMA issues Egypt alert
The situation in Egypt is being monitored by underwriters and their security advisers.
LMA issues Egypt alert
The situation in Egypt is being monitored by underwriters and their security advisers.
Biba slams FSCS over “ridiculous” levy
The British Insurance Brokers’ Association has warned intermediaries to begin to preparations for a potential 50% increase in Financial Services Compensation Scheme levies for 2011/12.
Marsh forms alliance with Maplecroft
Marsh said it has formed a strategic alliance with Maplecroft to enable clients to grow with greater confidence in emerging markets.
JLT welcomes bribery act delay
JLT’s D&O liability team has welcomed the delay to implementation of the Bribery Act due to the level of debate and uncertainty that surrounded aspects of the act.
Treasury committee calls for right not rushed regulation
The Treasury Committee has today published its report on the government's proposals for financial regulation, calling for more time to get it right.
BCIS offers free pilot
ReAssess, a new tool to help insurers more accurately assess their reinsurance needs has been launched by The Building Cost Information Service of the Royal Institution of Chartered Surveyors.
Aviva enhances outsourcing agreement with nine year HP deal
Hewlett-Packard today announced Aviva has signed a nine year messaging contract based on Microsoft Business Productivity Online Suite designed to improve productivity and enhance collaboration across all of Aviva's global regions.
Markel International sees six point hit on underwriting due to major losses
Markel International has reported gross written premiums of $709.0m for the year ended December 31, 2010, compared to $641.20m for the same period of 2009.
Willis and Atlas join forces in PCC first
The Global Captive Practice of Willis Group Holdings and Atlas Insurance PCC (Protected Cell Company), have become the first in the insurance industry to use PCC technology to underwrite UK statutory motor liability from Malta.
Willis and Atlas join forces in PCC first
The Global Captive Practice of Willis Group Holdings and Atlas Insurance PCC (Protected Cell Company), have become the first in the insurance industry to use PCC technology to underwrite UK statutory motor liability from Malta.
Ex-LSE deputy CEO appointed boss of new regulator CPMA
The Government has announced that Martin Wheatley will become chief executive designate of the Consumer Protection and Markets Authority. He will be formally appointed to the post of chief executive once the new body has been established at the end of…
QBE halts share trades as it is linked with $2bn US acquisition
QBE Insurance is in talks to buy US insurer Balboa from Bank of America , according to reports.
Axa managers face redundancy claims report
More than 50 people face redundancy at Axa's Ipswich office, according to reports.
