News
JLT director Ravinet linked with Gallagher Heath move
Speculation is mounting that JLT director Simon Ravinet is on the verge of leaving the company where he works in the This London Market facilities division.
One in six to quit Aviva's Birmingham operation
Almost one in six staff at Aviva's Birmingham office have accepted voluntary redundancy.
IRDA issues new bancassurance guidelines
India's Insurance Regulatory and Development Authority published revised draft regulations on bancassurance tie-ups this week giving more flexibility to banks and insurers.
Country's biggest scam concludes as 'crash for cash' fraudster sentenced
A Bolton man who planned a series of 'crash for cash' scams on roundabouts through his insurance claims management company was found guilty of fraud and ordered to pay more than £7000.
Mapfre opens Milan office
Spanish insurer Mapfre has opened a representative office in Milan to serve the Italian market.
Junction names business development leader
Affinity provider Junction has announced the appointment of former shot-putter Lee Newman as business development director in a bid to target growth.
Aviva ends UK Athletics sponsorship deal
Aviva is to end its 13-year sponsorship of UK Athletics at the close of 2012 when the current contract finishes.
AIA wins race to acquire ING Malasia
AIA has expanded its pan-Asian reach with the acquisition of ING Malaysia.
DLG "transformation" sees shares oversubscribed, says Geddes
Direct Line Group chief executive Paul Geddes has described the 175p share price as "bang on" after trading began on the London Stock Exchange this morning.
Delta Lloyd to use Synerscope fraud detection software
Netherlands-based insurer Delta Lloyd has agreed a deal to use technology firm Synerscope's fraud detection software.
Miller bolsters D&O team
Miller has added Colin West and Andy Brett to its directors' and officers' team.
Tata AIG in bancassurance tie-up
AIG's Indian joint venture has formed an agreement with India's Axis Bank to offer insurance products via the private bank's distribution network.
Merlin set for liquidation
Merlin Claims' joint administrators have recommended that the fallen loss adjuster enter liquidation once the administrative work is sufficiently complete.
DAS promotes from within to boost regional underwriting teams
Legal expenses insurer DAS is expanding its regional underwriting teams with the appointments of Peter Tierney and Neil McDermott as regional underwriters for the north and south respectively.
RSA backs revised CoA judgment but calls for more government action
RSA has added its voice to calls for the government to use the Court of Appeal's revised judgment in Simmons v Castle as a springboard for further industry reform.
DLG trading begins at 175p a share
Direct Line Group shares with an offer price of 175p have begun trading this morning on the London Stock Exchange.
Investing in the profession: CILA qualification passes milestone
The Chartered Institute of Loss Adjusters has revealed that 100 applicants have successfully passed its Ofqual-accredited insurance claims handling certificate.
Investing in the profession: Ageas Underwriting gains chartered status
Ageas Underwriting has been granted chartered status after meeting a number of criteria set out by the Chartered Insurance Institute, including an examination of its development programmes and training and competence scheme, which are part of the Ageas…
Market moves: FSJ, Liberty and RSA among main hirers in busy week for recruitment
This week FSJ continued its recent recruitment push by adding four new brokers to its growing team. Meanwhile, Liberty announced hires in its European underwriting arm and syndicates team, and RSA welcomed two new staff to its global speciality lines…
Animation could prove 'pivotal' to future risk analysis in insurance
Effective use of animation can convince underwriters to offer terms on risks they have declined to write previously, significantly reduce the time from risk assessment to contract and generate premium savings for the insured, according to a newly…
Industry fears homeowner panic as flood agreement expiration approaches
Brokers in high flood-risk areas have accused the Association of British Insurers of failing to "nail its colours to the mast" amid growing concern over the lack of a long-term replacement for the Statement of Principles.
Oval enters consultation with Vela to 'simplify' business
Oval Insurance Brokers has entered into consultation with senior management figures at its underwriting subsidiary Vela in a move aimed at "simplifying" the business.
Insurance blogger backs regulation of 'murky' loss adjusting practices
An insurance blogger and former broker has added his voice to calls for loss adjusters to be regulated, after criticising the broking sector for its part in supporting unscrupulous firms that promote a "black economy".
BBC documentary series debunks myth of 'easy crime' insurance fraud
A 10-part exposé of the work of insurance fraud investigators is to be screened on BBC One from Monday.