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AIG launches its Apprenticeship Programme

AIG Europe Limited is joining forces with the National Apprenticeship Service to announce its new Apprenticeship programme. AIG will be creating job opportunities for up to 25 apprentices in 2013 based in the company’s Claims centres in Croydon and Chesterfield. Nicolas Aubert UK Managing Director for AIG said, “There is a very real need within […]

Groupama offers tips to avert burst pipes

Groupama Insurances has alerted policy householders to pre-emptive measures they should take to help avert burst pipes due to the freezing winter weather. The firm advises homeowners to keep their heating on a high enough level to prevent freezing occurring, lagging pipes and insulating vulnerable areas, and to check plumbing joints. Head of Household at […]

LV= wins general insurance rating from S&P

Managing director John O’Roarke ‘satisfied’ with BBB+ rating Standard and Poor’s has awarded LV= a BBB+ rating for its general insurance business. LV= managing director John O’Roake said he was ‘satisfied’ with the rating. He said: “This is the first time that S&P has prepared a formal financial strength rating on the general insurance business […]

L&G secures £1.1bn bulk annuity deal

Legal & General has secured a £1.1 billion bulk annuity deal with the Trustee of the T & N Retirement Benefits Scheme (1989). The scheme has been in a Pension Protection Fund (PPF) assessment period since 2006. However, because its financial strength exceeds the threshold below which the PPF would automatically step in, the Trustee […]

Munich Re insures wind-power guarantees

Munich Re has begun insuring guarantees given to customers by Fuhrländer, a German builder of wind-power plants. Claiming an industry first, the reinsurer says it now has a range of innovative covers used to underwrite risks in the renewable energies sector. Fuhrländer gives buyers of its up to 2.5-Megawatt wind turbines a technical guarantee of […]

Catlin reports annual results

International specialty property/casualty insurer and reinsurer Catlin Group Limited has reported its financial results for 2010. The firm saw pre-tax profits decline from a record $603m last year to $406m, a drop of around a third. The net underwriting contribution rose, year-on-year, from $651m to $683m, but return on net tangible assets in US dollars […]

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