insurances news
HSBC to joint held insurance company in China
HSBC Insurance (Asia) Limited (HSBC Insurance) has received final approval from the China Insurance Regulatory Commission (CIRC) to launch a jointly held insurance company...
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...
Chaucer to keep using Teceris’s services
Chaucer Insurance has awarded a three-year contract extension to Teceris, the claims services firm.
The move means Chaucer will continue to use Teceris’ claims screening...
Competition Commission to propose measures for Payment Protection Insurance (PPI) market
The Competition Commission (CC) has today published a draft order for consultation setting out how measures to introduce competition into the Payment Protection Insurance...
FSA proposing Insurance companies to provide details of customer complaints
Insurance companies and other UK financial institutions may be required to provide consumers with details of customer complaints.
Under new proposals from the Financial Services...
Aviva : Policyholders vote to accept the cash reattribution offer
Over 40% of eligible policyholders have now voted on whether to accept Aviva’s cash reattribution offer. All other customers must now decide whether to...
Irish star Colin Turkington joining Go Motorsport ambassadors
Team RAC’s Colin Turkington is the latest big name in British motor sport to join the prominent ranks of Go Motorsport ambassadors. The Northern...
AIG in talk to sell its consumer finance operations in Colombia
AIG announced that it has agreed to sell 100 percent of its ownership interests in Inversora Pichincha S.A. and Interdinco S.A., which comprise AIG’s...
AIG completes the sale of 21st Century Insurance to Zurich Financial Services Group Unit
American International Group, Inc. (AIG) announced that it has closed the sale of 21st Century Insurance Group, the wholly owned subsidiaries of AIG’s U.S....
Chubb Group Insurance Companies exposed by $2bn on D&O
Chubb could be forced to pay out up to $2 billion on directors and officers (D&O) insurance policies due to a surge in litigation...
IGI Insurance : Steve Devine responsible for payment protection market
Specialist UK general insurer, IGI Insurance, has signed up Steve Devine, chairman of Protect, the association of UK creditor insurers, to spearhead a move...
Catlin UK acquires renewal rights From BUA : Bennett Underwriting Agencies Ltd
Catlin Group Limited, announces that Catlin UK has acquired the renewal rights to the professional indemnity and directors’ & officers’ liability books of business...
Catlin Strengthens London Aviation Team
Catlin Group Limited, the international specialty property/casualty insurer and reinsurer, announces that it has strengthened its market-leading London aviation underwriting team with the addition...
XL Insurance : Four new appointments to expand US Aviation operations
XL Insurance, the global insurance operations of XL Capital Ltd, today announced the expansion of its US Aviation operations with four new appointments to...
Who are the worst drivers on UK roads ?
A recent survey by has found that van drivers are overwhelmingly considered the worst behaved on UK roads. The next worse were young drivers,...
50’s : Summer heat health alert
With top temperatures expected this summer1, and an average daily maximum temperature forecasted to reach 24 degrees by 2050 as a result of climate...
Zurich Financial : Acquisition of AIG US Personal Auto Group
Swiss insurance company Zurich Financial Services AG said Thursday its subsidiary Farmers Group, Inc. has completed the acquisition of 100% of American International Group...
AIG’s annual corporate meeting : Situation far More Stable
Flipping his usual procedure for an annual corporate meeting, American International Group Inc.'s (AIG) chief executive began AIG's annual meeting Tuesday with a look...
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...
