Countrywide fleet
Fleet facilities for members of the Countrywide network are to include Allianz Cornhill products.
AIG says P&C rising
Property and casualty rates are likely to continue to increase for some time, according to AIG chairman Maurice Greenberg.
Greenberg said AIG has been seeing rate increases of 40% to 60% in many commercial lines. He added that directors' & officers' insurance rates continue to increase.
Property rate rises were down to annual 15% rise, while AIG's foreign property-casualty business remained strong, he added.
Pension caution
Government plans for compulsory insurance for final salary pension schemes should be greeted with caution, according to consulting actuary Hazell Carr.
Hazell Carr director Kenneth Donaldson criticised the plans for not having an underwriter in place for the insurance scheme.
Dangerous drivers
Around 80% of young drivers admit they were a danger to other road users, according to an Autoglass survey. Drivers aged 17 to 21 were twice as likely as other drivers to be involved in an accident resulting in a serious injury or fatality, the study said.
Health funding fear
Responding to the Conservative Party's proposals to reform the NHS, the ABI said it was unclear as to whether co-payment insurance would increase private funding. The ABI said take-up of healthcare insurance policies would need to increase by more than 40% to reach the current level of premium income.
A plus for QBE
Fitch Ratings has assigned an A plus long-term rating to QBE Insurance Group.
Fitch said the rating reflects QBE's sound provisioning policies, robust reinsurance arrangements and strong risk control procedures.
