Insurer News – Page 616
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Thousands of jobs still to go
CBI survey jobs losses in financial services will rise sharply as profitability and business volumes slump.
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US government agrees rescue deal
Congress reaches tentative consensus on £700bn bailout.
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New Orleans pension fund sues AIG
Complaint alleges mismanagement at world’s largest insurer.
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Hank Greenberg sells AIG shares
Former chief executive drops 40 million of troubled insurer’s shares.
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Bush: rescue package will be passed
US President pledges to push through legislation for financial stability.
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Which? calls on FSA to impose sweeping PPI reforms
Consumer watchdog hits out at PPI market for taking advantage of a couple.
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Regional restructure for Ecclesiastical
Specialist insurer to strengthen focus on locally-based underwriters
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Homes built on floodplains could be uninsurable, warn actuaries
Approvals to build on floodplains mean many homeowners could face premiums they cannot afford
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Hiscox joins forces with Congregational
Sharing Congregational's household account is first step.
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NewsInsurers to take Holyrood to court
Legal challenge to Scottish bill that would make pleural plaques compensable.
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News
Fusion names insurers after executive overhaul
Towergate underwriting agency brings in leading carriers and installs new management.
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RSA mulls tax benefits of move to Ireland
Insurer joins growing number of companies seeking more favourable jurisdictions.
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Beazley buys underwriter
Lloyd's insurer acquires specialist life and health underwriting agency.
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News in brief
Questor excess policyQuestor Insurance has launched, LifeStyle-Excess, a product that will pay policyholders back their excess charges on five key personal insurances: motor, home, travel, health and pet. Under the policy, Questor will pay the excess for any claim that exceeds the policy excess. Vehicle removal feesThe Home Office has ...
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170 redundancies as Allianz restructures
Retail boss Dye makes first changes since appointed to role
