AIG
Market update - High net worth: Time to raise rates in HNW?
Rates in the high net worth market are failing to reflect the risks posed, despite high claims costs. Chinwe Akomah reports on a sector that is starting to come under pressure to deliver results.
Ace makes double environmental appointment
Ace has appointed Robert Wade and Hayley Dixon as underwriters in its environmental liability team.
Ace appoints accident and health team from Marsh, Chartis and Aon
Ace European Group has appointed three new additions to its accident and health team.
Insurer estimates hit £750m as city riot damage racks up
RSA, Aviva and Axa are likely to incur the biggest losses from commercial property claims with the latest riot bill estimate hitting £750m, as Post went to press.
Solicitors’ PI squeezed further as Chartis exits new business
Chartis UK has blamed the high volume and cost of claims for its decision to stop writing new solicitors’ professional indemnity business this year but has not ruled out reversing its policy in the future.
News analysis - Haste departure: Less Haste, more concern?
After nearly a decade as CEO of RSA, Andy Haste has announced he is to step down. Amy Ellis gets the market’s reaction and ponders his next move.
Insurer estimates hit £750m as city riot damage racks up – Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories which include how RSA, Aviva and Axa are likely to incur the biggest losses from commercial property claims, based on market share, as the latest riot bill estimate hits …
Generali legal specialist joins insurance panel
Paul Reed QC, of Hardwicke Chambers, London has been appointed to the panel of the Centre for Justice.
Centre for Justice appoints insurance panel
Centre for Justice, an adjudication service for business, government and the public, has responded to requests from the insurance industry by unveiling a new panel of experts with insurance sector expertise.
Chartis UK pulls out of writing new PI for solicitors
Chartis UK will not write any new professional indemnity business for solicitors, blaming the “continued poor claims experience” for its decision.
AIG CEO hails return of AIG as "an investment-grade company"
The CEO and president of AIG has heralded its Q2 financials as a sign that it is again "an investment-grade company independent of government support".
AIG and Gen Re convictions overturned
A US appeals court has overturned the fraud convictions of four former General Re executives and a former AIG official and has ordered a retrial.
Sport - Olympics: The Olympic challenge
With only 12 months to go until the opening ceremony, Rachel Gordon attempts to break through the veil of secrecy and assess the insurance industry's role in the London 2012 Olympics.
GNL moves to create Takaful and Re-Takaful panel
New Shariah-compliant insurance broker GNL is planning to create a panel of insurers and reinsurers to work on Takaful and Re-Takaful commercial risk solutions.
Chartis names UK MD
Nicolas Aubert has been appointed managing director of Chartis Insurance UK.
Chartis backs London-based Takaful insurance broker
A company claiming to be the world’s first Shariah compliant insurance broker to offer premium Takaful and Re-Takaful commercial risk solutions in the UK has today been launched in London.
Career development & CSR: Chartis and CII team up to offer environmental training
Chartis UK has joined forces with the Chartered Insurance Institute to offer a suite of accredited training programmes to brokers, covering environmental liability issues.
Dual names new Manchester boss
Dual Corporate Risks has promoted Martin Joyce to manage the national business unit in Manchester.
News analysis - Regulation: The more things change
With detail emerging on what life under the Prudential Regulation Authority will look like, Mathew Rutter analyses the similarity of themes to the current approach and pinpoints potential problem areas.
Regulation tops London market agenda
Uncertainty around regulatory issues - from the replacement of the Financial Services Authority to a global focus on the perceived systemic risks of the insurance sector - remain top of the agenda for London company market insurers.
View from the top: The pace of change
Twenty years ago the world wide web was in its infancy. E-mail, if it was used in the insurance industry, was limited and contained within organisations. Letters and faxes dominated. We may have had second generation mobile phones but the first UK text…
Solicitors' professional indemnity: Turning off the life support
Potential sweeping changes to the solicitors' professional indemnity market could see the controversial assigned risks pool scrapped. Jakki May investigates the effect on qualifying insurers hoping to turn a profit.
Dual appoints Manchester underwriter
Dual Corporate Risks has appointed Christopher Blake as a professional indemnity underwriter in the company’s national business unit.
Spotlight on Reputation: Battered but not broken
The insurance industry's reputation has taken a bit of a battering, as the whole of the financial services sector has endured customer scorn. David Haigh looks at what can be done to turn public perception around.