Andrew Moss has announced his resignation, with immediate effect, as CEO of Aviva, the UK’s largest insurance group. The move comes five days after his salary figures were rejected at the annual general meeting of shareholders. He will also “leave …
The end in June of the UK government’s agreement with the country’s insurance industry, the Statement of Principles (SoP) agreement, which provides insurance in high flood risk areas, “may prove positive for the UK insurance industry,” according to a report …
UK-based RSA reported continued strong growth and financial strength in its interim management statement covering the first three months of 2012. Highlights included the following: • Net written premiums of £2.2 billion [$3.565 billion] up by 5 percent with all …
Chartis announced the appointment of Tom Macfarlane to head UK Energy. He will report to Jacqueline McNamee, Executive Director, Commercial Lines UK and Alf Muller, Senior Vice President and Head of Europe Energy and Property. McNamee noted Macfarlane’s “breadth of …
Pool Re, the state-backed British reinsurer that covers terror attack-related commercial property losses, has £4.5 billion ($7.327 billion) of assets to cover the Olympic Games and is not jacking up premiums for the event. Bombings or other incidents costing more …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of UK-based Samsung Fire & Marine Insurance Company of Europe Limited (SFME), both with stable outlooks. Best noted: …
A bulletin from the Association of British Insurers states that “older customers will find it easier to get motor [auto] and travel insurance under an agreement between the ABI, the Government and the British Insurance Brokers’ Association (BIBA).” The agreement, …
Aon announced that is now officially a “plc (public limited company; i.e. a corporation) and that it has completed its change of the corporate domicile of “the parent company of the Aon group of companies from Delaware to the U.K.” …
A new survey, released by PricewaterhouseCoopers LLP (PwC) and the Confederation of British Industry (CBI) highlights an “unexpected rise in employment,” as well as growth and “modest optimism” in the UK’s financial services sector, including Britain insurers and brokers. “The …
Hector Sants, the chief executive of the UK’s Financial Services Authority (FSA), has announced his intention to leave the organization at the end of June 2012. He indicated that, as the “fundamental design and delivery of the changes needed to …
