Regulation
CEA calls for supervision
The CEA, the European insurance and reinsurance federation, has said the ongoing financial turmoil i...
EC ratings crackdown
Rating agencies have welcomed European Commission proposals to crackdown on regulation. The new rule...
Shaping Foil: under new command
Foil president
Strictly confidential
Security and compliance
Moody's downgrades outlook on If P&C and Sampo
Moody's Investors Service said today that revised the outlook for the ratings of Swedish insurer If P&C and its Finnish owner company, Sampo to 'stable' from 'positive' and affirmed their ratings.
Grant Thornton comments on QIS4
Grant Thornton said today that the fourth quantitative impact study into Solvency II shows that there will be no major impact on the balance sheets of insurance companies.
FSA bans two insurance brokers over client money failings
The Financial Services Authority has banned two directors of an insurance broker for failing to ensure that their firm complied with FSA client money rules.
FSA bans another broker
The Financial Services Authority (FSA) has banned two directors of an insurance broker for failing to ensure that their firm complied with FSA client money rules.
Economic crisis may lead to growth in captives
Uncertainty caused by the current economic crisis may lead to an increase in captive formations, according to a survey of delegates at the Isle of Man Captive Conference in London last month.
AIG taken to court in Canada, alleging company misled investors
(BESTWIRE) A C$550m ($450m) lawsuit filed in Canadian courts charges that American International Group Inc. and many of its senior officials misled investors about the safety of some of its credit market activities for two years.
Axa offers environmental liability product in advance of new legislation
Axa has launched a new product providing cover for environmental damage and consequences of environmental impairment.
Axa launches environmental product
Axa Corporate Solutions has officially launched environmental solution Ecosphere in the UK.
AIG Vietnam unit to offer new airline product
(BestWire) - American International Group's Vietnam subsidiary, AIG Vietnam General Insurance Co. Ltd., is teaming up with local budget airline Jetstar Pacific to offer the first online travel insurance product in Vietnam.
Florida Regulators Give Official Nod to Take Up to 110,000 Policies From Citizens
BestWire) - The Florida Office of Insurance Regulation said six companies have been approved to remove up to 110,000 policies from Citizens Property Insurance Corp. on Nov. 14 as part of the state's continued take-out program.
Assured Guaranty buys rival FSA Holdings for $722m
Assured Guaranty, the US credit insurer, said it has agreed to purchase Financial Security Assurance Holdings, the parent of financial guaranty insurance company, Financial Security Assurance from financial services group Dexia for $722m.
Brown & Brown in asset allocation of rival
US broker Brown & Brown, said it has bought the assets of smaller rival Agency Associates for an undisclosed sum.
JLT calls for more focus on risk management
JLT has called for a greater focus on information and strategic relationships within the insurance and risk industry, particularly in the current challenging economic climate.
Industry bodies join forces for Sovency II adoption
A host of industries bodies have joined forces to call for the Solvency II Framework Directive for Europe's insurers to be adopted without delay and in as complete a form as possible.
Cutting cover is a false economy for businesses
As I write, the International Monetary Fund has predicted how - next year - the global credit crisis...
Aon: cargo owners have insufficient cover
Risk Report
Banking failures will cost industry
Industry bodies have warned brokers and insurers it is likely they will have to pay towards the bank...
What the papers said this week
PC Advisor Dixons is scrambling to secure alternative trading terms with several large electron...
A matter of time
Risk Report