Insurer
RBS in £1.6bn disposal
The Royal Bank of Scotland has disposed of its 4.26% equity stake in Bank of China for a net consideration of £1.6 bn. RBS - which has also been looking at the potential disposal of its insurance businesses including Direct Line and Churchill - sold 10.8…
Aon UK CEO expects other brokers to be investigated
Aon UK chief executive Peter Harmer told Reinsurance Magazine that he expected other brokers to be investigated by the FSA following today's announcement that the broking giant had been fined a record £5.25m fine by the Financial Services Authority.
Aviva begins count down to NU phase out with Boxing Day TV spots
Aviva has confirmed that the campaign to communicate that Norwich Union, is changing its name to Aviva will launch on 26 December and will run for six months.
Scor gets life retakaful license
The Labuan Offshore Financial Services Authority (LOFSA) has granted SCOR Global Life an operating licence to provide Retakaful reinsurance products complying with the principles of Islamic finance. LOFSA also granted SCOR Global Life a conventional (non…
Swiftcover signs three year deal
Swiftcover has renewed its three-year contract with Auto Windscreens.
Hiscox sheds Bermudian team but plans to open five new bases in the US
Hiscox is to close one of its specialist insurance and reinsurance teams operating from Bermuda as part of plans to focus on its US business.
Aviva sells UK subsidiary
Aviva has agreed to sell RAC Auto Windscreens to Arques Industries AG.
Hiscox teams up with RI3K for reinsurance purchases
Specialist insurer Hiscox will launch a trial of the RI3K trading service for part of its 2009 reinsurance purchases this month.
Riddell appointed chairman of Zurich global corporate
Geoff Riddell, the current chief executive officer (CEO) of Zurich Global Corporate has been appointed to the new role of chairman of the division.
Aviva CEO bullish on future once economic stability returns
The group chief executive officer of Aviva has insisted the group is positioned for growth once economic stability returns because it has a strong brand and capital position.
FTSE pares losses after morning crash
The FTSE 100 crashed on Monday morning, but the 'Black Monday' worries were given a slightly lighter tinge in the afternoon session.
Willis chief applauds Dinallo's call for contract certainty
Joe Plumeri, chairman and chief executive officer of Willis Group Holdings, has applauded the efforts of Eric Dinallo, the Superintendent of Insurance for New York State, to bring contract certainty to the insurance industry in New York.