insurance industry
Chairman of Allianz UK : Clement B Booth joins the ABI Board
Clement B Booth, Member of the Board of Management of general insurance group Allianz SE and Chairman of Allianz UK, has been appointed to the ABI Board
Car Insurance Fraud On The Rise
Association of British Insurers (ABI) has reported that car and home insurance fraud is costing the average UK household £44 in higher premiums every...
Government gets passenger air levy wrong, despite insurance industry warnings
The Government has failed millions of holidaymakers with its ill-advised decision to change the way that victims of air travel tour operators are protected.
In...
Patrick Smith appointed as Chairman of BIBA to succeed Derek Thornton
The British Insurance Brokers’ Association (BIBA) has announced that Patrick Smith, Chairman of Swinton, will become Chairman of the trade association in September. He...
ING To Cut 800 Jobs in the next 3 years
Dutch financial services company ING Groep NV (ING) said Wednesday it will cut 800 jobs over the next three years as part of a...
ING To Strengthen Dutch Insurance Organisation
ING announced today that the now separate organisations of Nationale-Nederlanden, RVS and ING Verzekeren Retail (formerly Postbank Verzekeren) will be combined into one customer-oriented...
Motor insurance fraud increased to raise £360m
Motor insurance fraud has become an increasing problem for the industry and insurers are calling for tougher action to tackle the issue, which is...
MBIA rating has been downgraded by Moody’s
US-based bond insurer MBIA this week had its senior debt rating downgraded by Moody’s.
Moody’s Investors Service cut MBIA’s rating two notches from Ba1 to...
Recession : CBI survey shows Insurance companies are the most optimistic
Many parts of the UK’s financial services sector expect business volumes to rise in the next quarter after 21 months of falls, while optimism...
ABI challenges FSA on Retail Distribution Review qualification issues
The Association of British Insurers (ABI) has responded to the Financial Services Authority’s (FSA’s) Consultation Paper on the Retail Distribution Review (RDR) by applauding...
Recession has less impact for Munich RE
The recession has had little impacts on contracts due for renewal in July, Munich Re said this week.
The world’s largest reinsurer by premium income...
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