Personal
S&P affirms AXA Re and subsidiaries at AA-, outlook positive
Standard & Poor's Ratings Services has affirmed its 'AA-' insurer financial strength ratings on France-based reinsurer AXA Re and its subsidiaries Compagnie Générale de Réassurance de Monte-Carlo, AXA Re Asia-Pacific Pte Ltd., and AXA Corporate Solutions…
Endurance finishes $600m capital-raising
Endurance Specialty Holdings has announced that it has completed the sale of its $200m 6.15% Senior Notes due 2015, completing the final tranche of its $600m post-Katrina debt and equity funding.
Broker launches ID theft cover
Heath Lambert has joined forces with credit information provider, Equifax, to create an ID theft and fraud protection insurance policy. This new product will include membership to Equifax Credit Watch Gold, an automated service to alert customers to any…
Lloyd's heavyweight retires
Kiln announced today that Reg Brown, a non-executive director, has decided to retire from the board of Kiln with immediate effect.
Launch of expat brokerage service
Go Insure It, a new insurance brokerage service for expatriates in Spain has been launched. With its first office in Javea, Costa Blanca, it will offer financial services products on the basis of best advice and suitability based on individual needs.
Fusion in health and safety push
Fusion Insurance is offering on-line health and safety training to all policyholders and their emplo...
Unions in safety commitment demand
A zero-tolerance approach to eradicating fatalities and injuries at work was the focus of a Health a...
Security costs claim successful
Abdel AL Koronky and Hanan Mohammed v Time Life Entertainment Group and Damien Lewis (Queen's Bench Division - 29 July 2005)
Claims Corner @ www.postmagazine.co.uk
Can brokers add value to the claims process in personal lines? Do brokers add a vital personal touc...
Criticism over negative image
Insurers have been criticised for portraying a negative industry image after their enthusiastic res...
Asbestos still an issue for insurers
Insurers are increasingly concerned that asbestos liabilities will cause them a headache for the fo...
Films insured by Norwich Union
The contents of the building containing props from the Wallace and Gromit films that went up in flam...
Overhauling the system
Motor
Bill may be pushed through
Balfour Beatty and Network Rail's combined £13.5m fine for breaching health and safety laws over the...
Heavy opposition to government proposals
New research by motor insurance quote finder motorinsurance.co.uk has found heavy opposition to gove...
Qualification appreciation
Risk Report
Insurex Expo-Sure launches new product
Event insurer, Insurex Expo-Sure has launched a new product offering, the Event Insurance Portfolio,...
An ill wind for centre
Brian Warwicker Partnership v HOK International Ltd (Court of Appeal - 27 July 2005)
Harm on the farm
Agriculture
Ace USA offers new D&O product
Ace USA, the US based retail operating division of the Ace Group of Companies, has created a policy designed to protect personal assets of directors and officers in situations where indemnification is unavailable or when traditional insurance programs…
PruHealth reverse PMI premium increase
New research from PruHealth, the innovative private medical insurer, shows that the average private medical insurance premium has risen by a massive 37 per cent since 1999. That compares with Retail Price Index inflation of just 12 per cent during the…
Mobile phone insurance called into question
Nearly 2,000 mobile phones are stolen in the UK every day making it important for customers to consider insurance. But the British Insurance Brokers’ Association warns that mobile phone insurance policies can prove expensive and may be difficult to claim…
Chubb third quarter losses top £300m
Insurer Chubb has estimated its total losses from third quarter catastrophes, primarily Hurricane Katrina, to be approximately $600m before tax (£340m). This amount includes estimated losses and loss expenses net of reinsurance recoverable, reinsurance…
Vehicle repairers want to be solutions centres
Representatives of almost 1000 bodyshop sites have registered an initial interest in becoming one of the new Fortis Solutions Centres. The final list of approved Solutions Centres will provide a range of vehicle repair and customer services to both…