Research from the Association of British Insurers highlights the fact that the UK is the ‘Whiplash Capital of Europe’. According to the ABI “eight in ten personal injury claims following road traffic accidents are now for alleged whiplash, over twice …
The Paris-based International Chamber of Commerce announced the election of Harold McGraw III to become the ICC’s Chairman and Sunil Bharti Mittal to become Vice-Chairman, effective July first. The current ICC Chairman, Gerard Worms, will become ICC Honorary Chairman. Harold …
SoDA, an association focused on the digital agency and production company community, has partnered with IPISC to offer intellectual property (IP) coverage tailored specifically to its member companies. The insurance is written through intellectual property insurance provider IPISC. The IP …
The United States and the UK aim to include financial services in a proposed free-trade agreement between Washington and the 27-nation European Union, the British Ambassador to the United States said on Thursday. The accord would aim to smooth out …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating of “bbb” of Arab Misr Insurance Group S.A.E. (GIG-Egypt), both with negative outlooks. “The ratings of GIG-Egypt benefit from its …
Standard & Poor’s Ratings Services has updated its enterprise risk management (ERM) opinions for all of its rated North American and Bermudian insurance companies. S&P explained that an “insurer’s ERM program is a system of processes and practices that aims …
Standard & Poor’s Ratings Services in a report titled “The Recent Outlook Revision On Bermuda Does Not Affect Bermudian (Re)Insurers“, said that “despite the recent outlook revision on the sovereign credit rating on Bermuda to negative from stable, our counterparty …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A++’ (Superior) and issuer credit rating of “aa+” of French reinsurer Caisse Centrale de Réassurance (CCR); however, both ratings continue to have a negative outlook. The …
Bermuda-based Endurance Specialty Holdings Ltd. announced that Daniel Wadley has joined the company as Executive Vice President and Head of its new Endurance Pro insurance unit. He will be responsible for growing the specialty business unit, which offers Errors & …
British insurer Aviva Plc will cut as many as 2,000 jobs worldwide in the latest cost-cutting drive aimed at revitalizing its flagging fortunes, the company confirmed on Thursday. Chief Executive Mark Wilson told staff the cuts would equate to around …
