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Zurich rating unchanged on Banco stake
AM Best has left the ratings of Zurich Financial Services (ZFS) unchanged following the acquisition of a 50 percent stake in Spanish bank Banco Sabadell's insurance subsidiaries.
21 July 2008
UK motor rate increases buoy sector
UK motor underwriters were buoyed by the news that average premiums increased in the second quarter after reporting falling rates for the first quarter, according to the AA's Insurance Index.
21 July 2008
Lloyd's 'better positioned' to weather soft market conditions
Lloyd's is "better positioned" to weather the current insurance cycle thanks to recent initiatives to shore up capital and limit pressure on the central fund, according to rating agency Moody's.
21 July 2008
D-day approaches in RBS auction
As D-day approaches for the protracted auction of RBS' Insurance operations there are now thought to be just three insurers firmly in the running.
21 July 2008
Imagine exec to head Hiscox Bermuda
Imagine Group Holdings Ltd's chief underwriting officer Robert Forness is to leave the (re)insurer to head up Hiscox Bermuda, The Insurance Insider revealed today (21 July).
21 July 2008
Imagine exec to head Hiscox Bermuda
Imagine Group Holdings Ltd's chief underwriting officer Robert Forness is set to leave the (re)insurer to head up Hiscox Bermuda, The Insurance Insider can reveal.
21 July 2008
Oval appoints new casualty head
Oval Insurance Broking Ltd has appointed Marcus Simeoni to head up its London market casualty team.
21 July 2008
AM Best boosts Hannover Re ratings on earnings strength
Hannover Re received its second ratings boost this year when AM Best upgraded its issue credit rating from A to A+ and affirmed its A financial strength ratings with a positive outlook last week.
21 July 2008
Growth imperative for insurers, says Morgan Stanley
Growth is imperative for insurers despite the fact that recent history warns that the pursuit of growth in the insurance industry should be eyed skeptically, says a report by analysts at US investment bank Morgan Stanley.
21 July 2008
Q2 losses to hit US cat underwriters
Second quarter US cat losses, which the ISO has revised upwards to $6.03bn, are likely to hit the bottom line of personal as well as commercial lines insurers, according to the latest analysis from Fox-Pitt, Kelton.
21 July 2008
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