- Insurance Europe and ABI air concerns on EIOPA Long-Term Guarantee Assessment report
- Still work to do after EIOPA Long-Term Guarantee Assessment report say Fitch and KPMG
- UK government focus on reducing whiplash claims hits the wrong target says Law Society chief
- All Chinese insurers meet solvency levels for the first time
- Panels debate key issues at IAIS 6th annual Global Seminar
- Legal & General appoints cfo and make other management changes
- Argenta introduces Lloyd's investment vehicle expired
- AXA increases exposure to infrastructure debt market expired
- RSA and Ageas in bilateral claims agreement expired
- Agencyport appoints catastrophe and exposure modelling expert expired
- SAS Analytics aids Ohio Mutual with assessment of rate changes expired
- StoneRiver LifeApply solution chosen by National Western Life expired
19th August 2012
The Global Insurance Week
This week, Aviva was downgraded by Standard & Poor's as interest grew in its US life book, whilst Hiscox was upgraded by Fitch. South African insurer Sanlam is looking at a stake in a Malaysian insurer, and Resolution is to move to a more traditional life company structure and change its strategy.
Fitch updated its ILS rating criteria and also reviewed the US life market.
No further action is planned against actuaries related to the Equitable Life saga.
AIR introduced a catastrophe model for buildings under construction, Ebix acquired London Market sofware and communications specialist TriSystems, and Quindell finalised another claims management purchase. A StoneRiver solution was selected by a major US workers' compensation insurer and FICO is to buy Adeptra.
Interim results included QBE, Resolution, Standard Life, Tryg and Zurich. The three major Japanese insurers also announced disappointing first fiscal quarter results.
Zurich appointed a new head of General Insurance.