Financial Ratings – Page 95
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NewsMoody’s downgrades AIG’s main non-life units
Ratings cut to A2 from A1 after $3.6bn reserve strengthening
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NewsAIG's $25bn restructure gets lukewarm reception from stock market
Share price rises less than 1% despite promises of a large capital return
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NewsAIG injects $3.6bn into non-life reserves
Company vows “aggressive” underwriting remediation in US casualty
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NewsAXA UK publishes personal lines claims payment stats
Insurer paid out 99.8% of motor claims and 83.7% of home claims
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NewsZurich heading for fourth quarter net loss - Moody's
Ratings agency says loss will hit group’s key financial ratios
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NewsBroker Network targets budding entrepreneurs for start-up scheme
Network already helped to set up five firms in 2015
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NewsAIG reportedly could ringfence worst-performing business
Strategy aimed at fighting of activist investor Icahn
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NewsGrayling: Ministers and insurers discussing flood solution for business
Commons leader responds to concerns about lack of cover for businesses under Flood Re
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Online onlyDigital revolution triggered office closure and job losses – L&G
Home insurer reveals plans to close flagship Kingswood site by 2018
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NewsMitsui’s £3.5bn Amlin takeover to complete on 1 February
Court hearing to sanction takeover scheme scheduled for 28 January
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NewsAA: IPT ‘piles on misery’ as motor rates jump 20.3% in Q4
Rates will continue rising through 2016, says AA Insurance director Michael Lloyd
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NewsAA: Home rates showing signs of reaching the bottom
IPT rather than flood damage caused quarter-on-quarter increases
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NewsBrokers struggle to budget with 'yo-yo effect' of FSCS levy - Steve White
White is confident is that FCA is committed to FSCS levy review
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NewsZurich expects $275m UK, Ireland storm losses
Group sees global GI operating loss of $100m in fourth quarter
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Online onlyAIG comes under fresh attack from activist investor Icahn
Billionaire investor says AIG must be carved up as soon as possible
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NewsBroker fee for running FSCS to increase by 44%
But for insurers the amount could go down by 23.6%
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NewsFlood claims not enough to halt rate cutting – Moody’s
DLG, Lloyds Bank, Aviva, RSA and AXA will be hardest hit by claims
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AgendaCornish Mutual raises record breaking funds for local charity
The firm chooses a different charity to support each year, but this year’s total far outweighs any other raised before.
