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In a move which is both brave and bold it has been announced that AXA UK Insurance is set to launch a £4 million rebranding program which will see the company’s name broadcast to everyone in the UK. Coming at a time when confidence in both the insurance and financial sectors as a whole could not be lower, it could turn out to be a master stroke or a huge waste of money!

AXA Insurance in £4 million rebranding »»

The last decade has seen the emergence of a new and popular sub-sector of the insurance industry – pet insurance. The sector has grown from literally a standing start a decade ago to over £440 million in premiums in 2007 alone, with forecasts indicating substantial growth still left in the sector. So why has pet insurance suddenly taken off? What are the reasons behind this sudden increase in popularity?

Pet insurance »»

News that so called ‘short selling’, the act of selling shares which traders do not own in the hope of buying them back at a lower price, has been banned by both US and UK regulators for the short term at least has received a warm welcome. Many had blamed this disruptive activity for the demise of HBOS over the last few days and the near terminal injuries suffered by US insurance giant AIG.

Insurance sector shares »»

While the much publicised US bailout of AIG is almost complete, to the delight of the investment markets, it has been noted that the credit rating agencies are yet to respond with an increase in the group’s credit rating. Just prior to the fall in the AIG share price many of the more prominent credit agencies in the US reduced the group’s credit rating by a significant amount. There had been hopes that this would bounce back after the bailout but it seems as though the agencies are in no rush.

AIG Group »»

As more and more people decide to work from home, whether for themselves or for an employer, there are concerns that many of this group are under insured in the event of an accident or theft. Right across the UK we are seeing more and more offices springing up in gardens, many of which will contain valuable computing equipment not to mention information which will be vital to the smooth running of a home based operation.

Business insurance »»

News that American International Group (AIG) has been forced into a $20 billion asset sale to rebuild its balance sheet has not been well received by the stock market. Better known as the sponsors for Manchester United Football Club, AIG is one of the largest insurers in the world but times are hard and the core business is suffering.

AIG Insurance »»

As the US awaits the arrival of hurricane Ike the insurance industry is already set to take losses estimated at some $15 billion on the chin. As Ike continues to gather pace, set to be upgraded from a category 2 to category 3 hurricane, it is set to hit landfall over the next few hours.

Hurricane insurance »»

As the credit crunch continues to take hold in all areas of the world there has been a worrying report from the US which suggests that litigation in relation to the credit crunch has topped the figure from the Savings and Loan fallout of the 1990s. Many had expected the Savings and Loan scandal to retain the record for litigation for some time but this has quickly been over taken by the current crisis.

Mortgage insurance »»

While it is already available in the UK to a lesser extent than countries such as the US, it looks as though the pay-as-you drive insurance sector is set for substantial growth over the next few years. It seems that more and more UK drivers are considering the pay-as-you go insurance service in order to keeps costs down to a minimum with the recession starting to hit home. But will it work?

Pay-as-you drive car insurance »»

A report by Fair Investment insurance has highlighted the massive under cover which is present in the UK home insurance market. The report has revealed that one third of the UK population has no home cover of any sort – whether this is buildings or content cover. So what is happening?

Flood insurance »»