Insurer
Fitch rates FM Global AA for sixth year in a row
FM Global has retained its ‘AA’ rating in financial strength, and been given a ‘Stable’ outlook, for the sixth year running by Fitch Ratings.
Insurers prosecuted for data protection breaches in Dublin
Zurich, Travelers and Irish insurer FBD have been prosecuted for breaching the Data Protection Act after pleading guilty to illegally using social welfare information on individuals at Dublin District Court.
Aspen on the hunt for new CFO following poor 2011 results
Aspen Insurance Holdings is searching for a new chief financial officer following the departure of incumbent, Richard Houghton.
Business continuity plans likely to reduce premiums
New research has suggested that insurers are happy to provide premium discounts to companies that have business continuity plans in place.
Disappointing results for Willis show income halved last year
Willis has reported total commissions and fees of $816m (£520m) for the fourth quarter of 2011, down from $823m in the same quarter of 2010.
Industry agrees to reduce premiums if government action cuts legal costs
The government has made a commitment to tackle the country’s growing compensation culture, reduce legal costs and cut health and safety red tape in return for the insurance industry’s assurance that it will pass any resultant savings on to consumers.
Seán Quinn faces jail over contempt of court charge
Contempt of court proceedings have been initiated against Seán Quinn and two family members, the Irish Times has reported.
Allianz Legal appoints new sales chief
Allianz Legal Protection (ALP) has appointed Phil Ruse to the newly-created role of head of sales and distribution.
Barrere steps down from three directorships
Bernard Barrere has resigned as director of MMA Holdings UK, according to papers filed at Companies House.
RBSI explains rebrand to Direct Line
RBS Insurance has confirmed recent press reports of its rebrand as Direct Line Group in preparation of its split from the banking arm of RBS.
PM to challenge industry to reduce cost of motor premiums
David Cameron will host a summit with insurance industry representatives, consumer bodies and business groups in a bid to bring down the cost of insurance premiums and tackle the country's growing compensation culture.
Thailand flooding claims estimated at £1.4bn
Lloyd's has announced its estimated net claims from the flooding in Thailand last year will be $2.2bn (£1.4bn).
Ageas confirms it is suing Kwik-Fit
Ageas has confirmed it is to take legal action against Kwik-Fit.
Mapfre points to broker commitment with new appointment
Mapfre Abraxas has appointed Skye Khilji as key account manager in its finance and insurance division.
QBE enters cyber space
QBE has become the latest insurer to unveil a cyber-risks related product with its new Cyber Response policy designed for UK businesses with a turnover of up to £100m.
Manchester appointments boost regional underwriting presence
Arista and Sterling have both made several appointments to their offices in Manchester.
Axa: Household claim fraud averages £607
Research by Axa has revealed that the number of people exaggerating a home insurance claim has jumped by 17% since last year, with an estimated 200,000 consumers adding an average of £607 to their claim.
Ageas sues Kwik-Fit over insurance arm deal
Ageas is suing Kwik-Fit over liabilities relating to the £215m purchase of the company's insurance arm in 2010.
Markerstudy gets ILM training status
Markerstudy’s talent development team has been granted Centre Status by the Institute of Leadership and Management (ILM).
XL reports $475m loss
XL has reported a net loss of $475m (£301.3m) for 2011 along with a combined operating ratio of 107.5% for property and casualty (P&C) business.
New Direct Line logo revealed ahead of sale
RBSI has plumped for a new brand identity following its name change to Direct Line.
CFC to expand in management liability with Chubb hire
CFC has hired one of Chubb's London managers as a senior management liability underwriter.
Mapfre hits out at credit rating agencies
Mapfre's general manager, Esteban Tejera, has criticised ratings agencies for failing to take the company's financial figures into account when downgrading them.
Motor PI portal limit extended to £25,000
The Association of British Insurers (ABI) has welcomed the government announcement to extend the claims limit for settling personal injury motor claims from £10,000 to £25,000.