Of Special Interest


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18th August 2013

The Global Insurance Week

This week, companies reporting first half results included Enstar, Groupama, Prudential, Resolution, Sagicor, Swiss Life, Talanx, and Zurich.
Fitch looked at the results from UK life insurers, whilst individual underwritten life applications in the US continued to decline.
The FCA reported that the numbers of retail investment advisors were up to expectations(32,690-up from 31,132 in December) with 97% qualified and 3% taking exams in the tme period allowed.
Ecclesiastical was awarded Chartered Insurer status by the CII across all UK business, and Gallagher moved for New Jersey-based Bollinger, the 21st biggest broker in the US.
On the IT front, Real-Time rating in the US was up 32% in the last 18 months, and Applied Systems acquired Insurecom, its distribution partner in the UK. Alliance Life has chosen Accenture's Life Insurance Platform and Sompo America has gone live with Insurity's Policy Decisions solution,
Exchanging's Netsett has been awarded ACORD certification, and leading MGA Touchstone Underwriting is to launch an online service to specialist brokers using Websure's WebX platform.
Stuart Anderson is to step down as ceo of Iron-Starr Excess Agency and Kiln appointed Satoshi Naganuma as active underwriter at Lloyd's Syndicate 1880.