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SCA ratings slashed to A by Fitch
Security Capital Assurance Ltd (SCA) and its financial guaranty insurance subsidiaries have had their insurer financial strength ratings slashed from AAA to A by Fitch Ratings after investors – including XL Capital – effectively decided against bailing ou
24 January 2008
FSA, Treasury, AIRMIC at loggerheads on plans to regulate risk managers
A row has erupted between the Association of Insurance Risk Managers (AIRMIC), the Financial Services Authority (FSA), and the Treasury over plans to regulate UK risk managers in line with new EU regulations.
21 June 2004
Correction: Fhu-Jin
In the September edition of The Insurance Insider, we incorrectly say that Goldman Sachs & Co worked on the recent Tokio Marine cat bond, Fhu-Jin Ltd.
11 September 2006
First IFEX trade from a ‘big three’ broker
Broker Willis cleared a US wind futures trade on the IFEX platform at the Chicago Climate Futures Exchange (CCFE) for the first time last week, in a $1mn block transaction.
23 August 2010
WFUM pool scheme companies to apply for court sanction
PRO Insurance Solutions Ltd, the proposed Scheme Manager of the WFUM Pools Scheme, has confirmed that the 14 WFUM pools scheme companies are applying to the UK High Court for approval.
26 March 2007
Aon bolsters energy division with JLT hires
Aon's energy team is set to receive a boost with the appointments of two energy brokers from Jardine Lloyd Thompson.
22 September 2008
AXA sees P&C uplift
French insurance giant AXA said its property and casualty revenues grew by 2 percent in the first quarter of 2008 to EU8.89bn compared to the prior-year period.
12 May 2008
Tower Group defends exec pay against shareholder proxy firm
Shareholder proxy firm ISS is once again wielding its power by advising stockholders in Tower Group to vote against the US insurer's executive compensation plan at its upcoming 3 May annual meeting.
23 April 2012
HSBC Insurance Brokers fined £700,000 over data security
UK regulator the Financial Services Authority (FSA) has fined London-based HSBC Insurance Brokers £700,000 for not having adequate systems and controls in place to protect its customers' confidential details from being lost or stolen.
22 July 2009
Analysts cautious over Munich Re's $1.3bn Midland deal
Analysts have reacted cautiously to Munich Re's $1.3bn planned purchase of US primary insurer The Midland Company (Midland).
17 October 2007
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