Regulation
PwC survey highlights run off as prime concern
European insurance and reinsurance groups are increasingly scrutinising discontinued operations and ...
PI claims above inflation
Insurers need to brace themselves for an above-inflation increase in personal injury claims costs wh...
Appointment at Beazley Group
Beazley Group has promoted Patrick Hartigan to lead its reinsurance division. Mr Hartigan has 18 y...
Disclosure exposure
Legal Update: Electronic disclosure
Chinese non-life giant in $1.2bn debt issue
(BESTWIRE) - PICC Property and Casualty Co. Ltd. [77633], the largest n domestic nonlife insurer in China, said it will issue not more than 8bn yuan (US$1.2bn) in 10-year subordinated term debt securities to raise its solvency margin, subject to…
Charles Taylor opens New York office
Charles Taylor Adjusting has announced the further expansion of its global network with the opening of a new office in New York.
Insurance industry backs collaborative EU regulations
The insurance industry has backed proposals in a European Commission report recommending a pan-European risk watchdog believing it will help rebuilt trust in European financial services regulators.
Large insurers need US regulation - Allstate CEO
(BESTWIRE) The current system designed to regulate capital markets "is a Depression-era hodgepodge," and federal regulation is needed, said Allstate chief executive Thomas J. Wilson.
Aviva downgraded by AM Best
AM Best has downgraded Aviva's holding company's issuer credit rating to "a-" from "a".
Truth or beware
Compliance: Consumer responsibility
Avoiding the pitfalls
Compliance: Outsourcing responsibility
EMB gets consulting team
EMB has responded to growing concerns over investment strategies amid the current economic turmoil b...
IBM survey highlights cultural differences
Cultural differences lead to different consumer responses to insurance and innovation across Europea...
Insurers see value in run-off portfolios in the current economic crisis
Over 60% of insurance businesses surveyed for a new report by PricewaterhouseCoopers believe the financial crisis is a key issue for the European insurance industry.
Allstate chairman calls for financial reform
The chairman of one of the United States' biggest insurers has called for financial reform following the collapse of global stock markets.
Life reinsurance service provider grabs senior exec from GE
Life reinsurance services and technology company LOGiQ3 has said that it appointed Sara Murphy as vice president of its operations.
AM Best downgrades Hong Kong insurer
Ratings agency AM Best has downgraded the financial strength rating to B++ (Good) from A- (Excellent) and the issuer credit rating to "bbb+" from "a-" of Hong Kong insurer Wing Lung Insurance Company Limited (WLI) (Hong Kong). The outlook for both…
Bupa UK looks to strengthen relationship with NHS
Bupa's UK insurance arm has reported a 3.6% increase in revenues to £1.97bn in 2008, and an organic rise in customer numbers to 2%.
Aviva outlook revised to negative from stable by S&P
Standard & Poor's Ratings Services said today it revised its outlook on Aviva and certain related operating entities to negative from stable. At the same time, the 'A+' long-term counterparty credit rating on Aviva PLC and the 'AA-' long-term…
XL Insurance launches environmental endorsement
XL Insurance has launched its environmental endorsement for general liability policies issued in the UK.
Costa Coffee tongue insured for £10m
Italian Master of Coffee at Costa Coffee Gennaro Pelliccia has insured his tongue for £10m with Lloyd's of London.
China should establish catastrophe insurance - report
China should establish catastrophe insurance as soon as possible, Wei Yingning, vice-chairman of the China Insurance Regulatory Commission is reported to have said Sunday.
Biba says FSA fee structure is inequitable
The British Insurance Brokers' Association has responded to the Financial Services Authority consultation paper on its proposed fees and levies for 2090-10 by demanding change.
Lloyd's insurer gives Chaucer talks update
Novae has given an update on its ongoing discussions with Chaucer today.