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Allied World syndicate for Singapore
Allied World Assurance Company Holdings (AWAC) has received approval from the Monetary Authority of Singapore (MAS) and Lloyd's Asia for the operation of a new service company, Capita 2232 Services Pte Ltd.
26 July 2010
Tucker hire boosts AIA float hopes
Mark Tucker's official appointment as the new chairman and chief executive of Asian life insurer AIA is set to put the American International Group (AIG) unit on a fast track to independence from its troubled parent.
26 July 2010
Mapfre looks to supermarkets as microinsurance partners
Mapfre director general Esteban Tejera has explained that the Spanish insurance giant prefers urban over rural agricultural markets in its search for microinsurance growth.
26 July 2010
Scor ‘on target’ to grow revenues despite soft market
French reinsurer Scor said it experienced 19 percent premium growth at the 1 July renewal of its non-life treaty business, while defying pricing pressures with a modest increase in average rates.
26 July 2010
Insurers should prepare for anti-business rhetoric
Anti-big business rhetoric will carry the day on both sides of the Atlantic, former Conservative politician and cabinet minister Michael Portillo warned an audience of insurance claims executives last week.
26 July 2010
Lloyd’s ratings affirmed
Lloyd's of London should remain profitable and strongly capitalised despite the challenges ahead in this financial year, according to two ratings agencies, as they maintained their credit ratings on the insurance market.
26 July 2010
Quinn UK solicitors’ PI appeal defeat ‘threatens market’
A landmark Court of Appeal judgment against the UK arm of Irish insurer Quinn has been branded "a threat to the smooth operation of the claims made market" by law firm Reynolds Porter Chamberlain (RPC).
26 July 2010
Starr launches into space
CV Starr subsidiary Starr Aviation has entered the satellite insurance market following its acquisition of leading space underwriter International Aerospace Insurance Services (Inter-Aero).
26 July 2010
Insider Publishing launches New York office
The Insurance Insider's parent company, Insider Publishing Ltd, has opened a New York office to expand its coverage of the North American and Bermudian P&C markets.
26 July 2010
Rattling the tin
It goes without saying that brokers are always on the lookout for ways of maximising their revenues and that the pressure to do this is always cranked up a notch as soft markets begin to bite.
26 July 2010
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