Insurer News – Page 618
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Bluefin suspends AIG new business
Chief executive of AXA-owned broker says position is under daily review
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Fed steps in to rescue AIG
$85bn package sees US government take 80% equity stake in insurer.
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Countrywide launches upgraded membership package
CountrywidePlus will offer brokers enhanced commissions, the network claims.
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Cathie Bruce to leave Groupama Insurances
Distribution and customer services director to head up broker subsidiary
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Axiom launches delegated underwriting support vehicle
New business division to initially focus on UK and Asia markets.
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Ace strengthens underwriting team
Morris tol expand construction business in the midlands and south
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Market set to harden as claims increase - Marsh
But in first half of year, rates continued to fall
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Highway claims industry first in online claims tracking
Insurer uses video streamling technology to promote tracking service
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Hurricane and credit crunch woes pack a double whammy
Insurers face liquidity crisis in face of Hurricane Ike.
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Crimes against businesses on the increase say AXA
Things will get worse say insurer as economic downturn continues
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News
Brokers issue warning over solicitors’ indemnity exodus
Ace and Norwich Union join list of insurers withdrawing cover from small law firms less than a month before renewals deadline.
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News Analysis
The gathering storms
Gustav did not devastate New Orleans, but it could still be one of the most costly hurricanes to hit the US. Michael Faulkner reports on how the damage will affect the market – and on the dangerous storms that are still brewing.
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Coastal flood risk to double by 2030, warns Lloyd's
New report shows adaptation is key to managing insurance losses.