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AIG Updates Senior Management Positions

2 February 2023 alastair walker 0

Statement from AIG after the departure of Mark Lyons; American International Group (NYSE: AIG) today announced that it terminated Mark Lyons from his position as AIG’s Interim Chief Financial Officer and Executive Vice President, Global […]

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Insurance Regulation

Hunt Statement: More Industry Thoughts on Solvency II

18 November 2022 alastair walker 0

The reforms of Solvency II rules seems to be popular, here’s some more reaction from IFoA; Matt Saker, IFoA President, said: “We support the government’s ambition to remove unnecessary restrictions in the use of the […]

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Hunt Delivers Lib/Dem Budget, Solvency Rules Tweaked

17 November 2022 alastair walker 0

So Jeremy Hunt delivers his first Budget and the tone is very much Lib/Dem, with huge increases in welfare spending, NHS, Education etc. One new nuclear power station will be given the green light, which […]

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Global insurance trends

Oil & Gas Industry Calls For Global Cyber Defence Strategy

26 May 2022 alastair walker 0

This is actually a good idea. Closer co-operation amongst gas and oil producers on cyber attacks can only be a good thing, especially for insurers. Here’s the word from the WEF; For the first time, […]

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News

Official Statement on Aberdeen Go-Around Incident

3 December 2021 alastair walker 0

Latest from the UK government on a go-around incident in the air over Scotland recently; The aircraft deviated significantly from the expected flight path, initially climbing, but just before it reached the cleared altitude began […]

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News

Latest LV= Statement on Bain Deal

16 November 2021 alastair walker 0

The latest from LV= who are facing some policyholder criticism of the de-mutialisation aspects of the Bain deal, and the rather low sums being offered by way of compensation. Any possible deal with Royal London […]

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Insurance Brokers

Trading Update from GRP

2 November 2021 alastair walker 0

In the period to 30/9/21, Global Risk Partners (GRP) has continued to see significant growth. Run-rate EBITDA has climbed by 30% to £80m (2020: £61m) and run-rate income has risen by £34m to £197m (2020: […]

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Insurance Brokers

BIBA Welcomes Budget Statement

27 October 2021 alastair walker 0

BIBA CEO Steve White, commenting on the Autumn Budget, said: “We welcome the fact that Rishi Sunak is leaving the rate of Insurance Premium Tax (IPT) untouched which is key BIBA manifesto aim. This is […]

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