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UK watchdog eyes cap on replacement car costs
The cost of providing replacement vehicles to drivers could be capped in an effort to iron out distortions in the motor insurance market that cost consumers up to £200mn ($320mn) a year, the UK's competition watchdog said today (17 December).
17 December 2013
S&P downgrades RSA to A-
Standard & Poor's has punished UK-based insurer RSA for its recent string of profit warnings with a downgrade of its credit and financial strength ratings.
17 December 2013
Swiss Re CFO Quinn to join Zurich Insurance Group
Swiss Re CFO George Quinn is to step down in April 2014 after six years in the role to join Zurich Insurance Group.
17 December 2013
IAIS launches consultation on basic capital requirements
The International Association of Insurance Supervisors (IAIS) has released its ambitious timetable for the development of basic capital requirements for insurers which are deemed systemically important.
16 December 2013
Brown & Brown slumps
Our group of publicly listed brokers experienced a tough week of trading last week, with most firms' share prices coming under pressure.
16 December 2013
Novae and Beazley steam ahead
London-listed Lloyd's (re)insurers Novae and Beazley continued to power ahead of their peers last week, as their share prices rose by 2.94 percent and 2.06 percent respectively.
16 December 2013
Strike three for RSA
European (re)insurance stocks came under pressure last week, with share prices down for all but one company.
16 December 2013
AmTrust and Maiden tailspin
It was a generally bad week for US (re)insurance stocks last week, mirroring poor market performance as the S&P 500 declined 1.65 percent.
16 December 2013
Truell backs new compliance technology
London Pension Fund Authority chairman and Tungsten Corporation CEO, Edmund Truell, has backed a new piece of technology designed to streamline compliance processes for the UK insurance market.
16 December 2013
Healthcare chief the latest to leave Torus in the US
Robert "Bob" Allen has become the latest senior executive to leave the downsized US operations of Torus Insurance, The Insurance Insider can reveal.
16 December 2013
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