News
United India to enter Middle East and South Asia markets
State-owned United India Insurance Company plans to enter the Middle East and several South Asian countries owing to the large number of non-resident Indians living in these areas.
AA backs MoJ whiplash proposal while law firm brands it 'a waste of time'
The AA has welcomed the government's proposal to raise the small claims limit to £5000 on road traffic accident cases, but stressed that genuine victims should still be able to claim.
Swiss Re forecasts 8% growth in emerging markets in 2013
Global non-life direct premiums are projected to grow by 3% in real terms in 2013, fuelled by emerging market growth of nearly 8%, according to Swiss Re.
Higos swoops for Heath Lambert finance director
Intermediary Higos Insurance Services has named Heath Lambert's group finance head Nigel Thomas as its new finance director.
Giles boosts presence in Scotland and Northern Ireland
Giles Insurance Brokers has made four additions to its expanding team in Scotland and Northern Ireland.
Davies adjusters to join rival firms
Several Davies loss adjusters who worked on the NFU Mutual account are leaving after the firm lost its position on the insurer's property claims panel.
Elite Incident Management ceases trading
Credit hirer Elite Incident Management is said to have ceased trading with immediate effect.
Lloyd's refreshes three-year plan to incorporate Vision 2025
Lloyd's has published an updated version of its three-year plan designed to set the London market on track for its long-term strategy, Vision 2025.
Over 50% of European firms unprepared for cyber threats
Despite 98% of continental European firms experiencing a cyber incident in the past five years, research has found that a significant proportion are unprepared to deal with this threat in the future.
Drive Assist 'cash flow problems' prompt administration with loss of 259 jobs
Advisory and restructuring company Zolfo Cooper has confirmed it was appointed administrators of credit hirer Drive Assist last night.
Insurers' 'systemic risk' activities significantly less than banks'
International insurance think tank the Geneva Association has published a cross-industry analysis comparing the named 28 global systemically important banks to 28 of the world’s largest insurers on indicators of systemic risk.
Government has 'forgotten' innocent whiplash claimants, says Mass
The Motor Accident Solicitors Society has branded the government's proposals to raise the small claims limit and packages of reforms "irresponsible".
Lloyd's managing agents offered guidance on Eurozone exit
Lloyd's managing agents have been given new guidance on how insurance and reinsurance contracts may react in the event of a Eurozone exit.
Keycare lands Tesco Bank deal
Incident management specialist Keycare has clinched a three-year contract providing a key replacement service for Tesco Bank's motor insurance customers.
Drive Assist calls in the administrators
Credit hire company Drive Assist has gone into administration.
Insurers 'force claimants to settle for less'
A personal injury boss has accused the government of approaching the problem of whiplash "from the wrong end" by ignoring the largely legitimate number of whiplash claims.
Julian James to quit Lockton
Julian James is to resign as chief executive of Lockton International and will leave the firm at the end of January.
MoJ whiplash consultation calls for PI small claims limit extension
The Association of British Insurers has responded favourably to the publication of today's government whiplash consultation, which states that the RTA small claims court limit should be increased to £5000.
LMA issues Eurozone exit advice
The Lloyd's Market Association and law firm Clyde & Co have issued guidance on the impact on insurance and reinsurance contracts of a Eurozone exit for managing agents.
Guernsey’s zero-10 regime gets EU approval
Guernsey’s zero-10 corporate tax regime has been given the final seal of approval by the European Union.
Airmic invites new pitches for compliance database
Risk management association Airmic has issued a second request for proposals for companies interested in creating a global database of international insurance requirements.
German insurance market faced 'inertia' in 2012 P&C results
The outlook for the German insurance market remains negative, according to rating agency Moody's.
Aon Hewitt appoints global benefits leader from Mercer
Aon Hewitt, the human resources solutions business of Aon, has appointed Janine Heijckers-van den Nieuwenhuysen as global benefits leader for EMEA.
Towergate Underwriting makes four regional hires
Towergate Underwriting has appointed four regional development underwriters to provide local, face-to-face underwriting for a small panel of key supporting brokers.