Tuesday, 18 December 2012

Standard & Poors Put RSA on a Negative Outlook - 18th December 2012

- Standard and poors put RSA on a negative outlook because of low interest rates capitalisation seen to be the problem and RSA's weakness.

- The Financial Service Authority (RSA) has announced that it will restrict how banks sell bundled insurance packages.

- Professional Insurance Agents Ltd lift the award for the best provider of Professional Indemnity Insurance covers online the company offers a choice of 9 Professional Indemnity Insurers to clients who want to purchase this type of Insurance from the internet. With over 300 professions to choose from together with 4 suppliers for Directors and Officers Insurance policies. The developing Director Ellie Hearsey said we have worked very hard to give clients a wide choice of financial lines insurances, cover and PIA have always lead the way in online trading in these areas and will hopefully continue to do so.

- Business Insurance 24 7 have launched 2 new Insurance products in Italy using its online Quote and Buy platform.

- HCC has declared their expected claims losses of between $30- $35 million because of Storm Sandy.

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