AIG name Liddy as new CEO and chairman

Some progress on flood insurance

Caroline Spelman, the Defra secretary of state, has told the Association of British Insurers (ABI) that the beginning of a solution to flood insurance has been found. In order for flood insurance to remain available and affordable a comprehensive replacement for the Statement of Principles on flood insurance needs to be created, and whilst this [...]

DC pension savers shy away from investment decisions

According to research from Standard Life, nine out of 10 Defined Contribution (DC) pension investors can’t name or don’t know all the funds in which their pension contributions are invested. However, almost half of those questioned said they felt their investments reflected their attitude to risk. The research also indicates that three quarters of DC [...]

AEGON to cancel LSE listing

AEGON N.V. is to cancel its listing on the Official List maintained by the UK Listing Authority and its admission to trading on the London Stock Exchange (LSE). Both cancellations are expected to take effect from 8.00 a.m. on 29th June 2012. The Dutch insurer says the volume of its shares traded on the LSE [...]

Standard Life launches communications panel

Standard Life has launched a customer communications council which will act as a consulting body, addressing the ongoing need for insurers to present customers with information from both a legal and transparency point of view. Inaugural members include Karen Barrett, chief executive of unbiased.co.uk, and Nick Caan, chief executive of the Institute of Financial Planning. [...]

Zurich makes GI appointments

Zurich has announced the appointment of Claudia Dill as chief operating officer at its general insurance business (effective 1st July 2012) and Dirk De Nil as head of sales and distribution for general insurance (effective 1st June 2012). Mrs Dill moves from head of global business services within group operations to take over from Mr [...]