Regulation
Bank issues warning
The Bank of England has raised the prospect of insurance companies' investments falling below regula...
H&S passports a must
Allianz Engineering has issued its engineer surveyors with inspection industry health and safety pas...
Lockton moves to larger Manchester office
Lockton is stepping up its bid to win major corporate contracts in the North after moving into large...
FSA misses criminal past
The Financial Services Authority has admitted it does not automatically carry out criminal backgroun...
Claimant at fault refused injury award
R v Criminal Injuries Compensation Appeal Panel (Queen's Bench Division - 13 June 2008)
No jurisdiction over French discrimination
Tradition Securities and Futures SA v X and Y (Employment Appeal Tribunal - 22 July 2008)
Adjuster snubs contract
The UK's largest loss adjuster, Cunningham Lindsey, has snubbed Halifax Bank of Scotland Insurance a...
Managing the meltdown
Directors' and officers' liability
Adjournment granted due to tight time
Fitzpatrick Contractors v Tyco Fire Integrated Solutions (Queen's Bench Division - 25 July 2008)
Scor establishes Scor Global Investments
French (re)insurer Scor said it has established a dedicated investment management company, Scor Global Investments. This is the Group’s third operating unit alongside Scor Global P&C and SCOR Global Life.
Insurers up on early trading
The UK's two largest insurance groups Aviva and Prudential have reported steep share price rises this morning.
Cunninham Lindsey launches mediation service
Loss adjuster Cunningham Lindsey has launched a mediation service that will give disputing parties access to accredited mediators experienced in resolving civil and commercial claims.
China Re reports 4.66% 9-month growth in revenues
(BestWire) — China Reinsurance Group Corp. reported a 4.66% growth in insurance revenues to 27.1 bn yuan (€3.17bn) in the first nine months of the year.
Bank of England raises insurer fears
The Bank of England has raised the prospect of insurance companies' investments falling below regulatory requirements or downgrades impacting their long term sustainability.
Insurance industry divided on US bailout talks
(BestWire) — As Treasury department officials continue to mull whether and how insurers might be included in the $700bn troubled asset relief program, sharp contrasts are being drawn between the life and property/casualty sectors on the topic of equity…
Baden-Baden - asset weakness to drive consolidation
At the reinsurance industry gathering at Baden-Baden this week, reports Eric Alexander, one industry commentator painted a dramatic picture of how the changed economic outlook will impact the reinsurance sector.
American Surety Holdings in Q3 net loss of $4.3m
American Surety Holdings, the US (re)insurer said that its net loss for the third quarter of 2008 was $4.3m.
US insurers in bail-out talks with Treasury
Three US insurers are understood to be in talks with the US Treasury about a possible state-cash injection.
Aegon in Dutch government talks
Giant European insurance group Aegon is in weekend talks with the Dutch government over the possibility of it joining a Euros 20bn state recapitalisation scheme, according to a report in the UK's Sunday Times newspaper.
Tax millstone for US reinsurers prompts legal call
Less than one in four insurance industry professionals polled by AM Best believe US insurers and reinsurers can compete with firms based in low-tax domiciles. The survey also shows that over half support tax law changes to address the issue.
Great Lakes Casualty upgraded in wake of acquisition
Ratings Agency AM Best has upgraded the financial strength rating to A (Excellent) from B- (Fair) and issuer credit rating (ICR) to “a” from “bb-” of Great Lakes Casualty Insurance Company.
Life - Reinsurance Group of America sees income drop
Life reinsurer, Reinsurance Group of America has reported net income for the third quarter of $25.2m compared to $76.5m for the same quarter last year. However operating income increased by about 25% to $118.5m from $95.65m in the same period last year.
Founder steps down as regulator hits Quinn with £2.56m fine
Sean Quinn senior, the founder and chairman of Quinn Insurance, has been fined £2.56m (€3.25m) by the Irish financial regulator.