Insurer News – Page 430
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Online onlyWillis comes under Airmic fire over contingent U-turn
Move is embarrassment for chief exec Joe Plumeri, who campaigned against payments
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NewsChina could open door to foreign motor insurers
Rates could be uncompetitive if state fixes premiums
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NewsCobra Network broker Riverbourne plunges into administration
Riverbourne Group in administration as reports circulate that up to nine brokers are interested in acquiring the business
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NewsCPP jobs at risk with latest FSA probe
Regulator is demanding the insurer begin a retrospective review with possible compensation payouts
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NewsCNA names Taylor chief underwriting officer
Taylor to oversee underwriting across European lines
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NewsQBE merger creates new division
QBE bringing together casualty international with professional and financial lines teams
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NewsAgeas UK returns to full-year profit after ‘great’ 2011
Insurer posts £105m profit, 99.9% combined ratio and £2bn revenue
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Friday: Moody's goes negative on Allianz, Aviva and AXA
Rating agency follows S&P’s move to warn insurers that downgrades will come if their financial conditions worsen
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NewsAviva faces downgrade on Italy woes
Moody’s threatens downgrade as wobbling economies in Italy, Spain and Ireland will hit life and general insurance sales
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NewsZurich and Travelers plead guilty to spying
FBD, Zurich and Travelers plead guilty to 10 sample charges of breaching the Data Protection Act
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NewsPrivate sector could insure NHS after Marsh review
Dept of Health to investigate competition to NHSLA
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NewsQuinn Direct to be renamed Liberty Insurance
Change follows insurer’s acquisition by US insurer Liberty and IBRC
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NewsZurich UK re-underwriting pays off as profit rises 28%
Combined ratio improves 2.7 points to 97%
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NewsAXA UK returns to profit in 2011 after re-pricing
Insurer recovers from 2010’s £63m loss with £133m profit
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NewsAXA makes a play for ex-RSA brokers
AXA broker boss Matthew Reed says AXA has capacity to take on more agencies
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NewsSeán Quinn may face jail over contempt claim
Anglo Irish Bank accuses Quinn Insurance founder of contempt of court
