News
Barnett & Barnett reveals post-MBO rebrand
Barnett & Barnett and NBJ are rebranding as ICB Group from 1 May following their management buyout from IAG in December.
Towergate shrinks full year losses to £6m
Towergate has improved its figures for the year ending 31 December, declaring a pre-tax loss of £6.1m, despite worsening performance from its network division.
Lufthansa's fleet grounded
The German airline Lufthansa has cancelled all but 20 flights out of 1 700 as its ground staff staff strike over pay on Monday 22 April.
Bird flu victims rise to 102; 20 have died
The World Health Organisation has confirmed more victims of bird flu as the source of infection remains to be identified.
Economic slowdown hampering risk readiness
According to the biannual 2013 Aon Global Risk Management Survey, the majority of industries have seen a decline in risk readiness since the 2011 survey.
Ifed raid: Joining up with the front line
When it comes to the industry-funded Insurance Fraud Enforcement Department, market attention normally focuses on the severity of the sentences handed down to ghost brokers and crash-for-cash fraudsters. Callum Brodie joined the Ifed team for an early…
Large earthquake hits Sichuan province, China
A shallow earthquake estimated to be between magnitude 6.6 and 7 struck China's Sichuan province on 20 April.
PI lawyers deny ethical standards slipping
Personal injury lawyers have denied ethics in their business are slipping, suggesting trained lawyers are increasingly forced by time pressures to be more distant from their clients.
New Apil president promises discount rate fight
Newly-elected Association of Personal Injury Lawyers president Matthew Stockwell has marked his debut with a combative speech pledging to resist any increase of the discount rate.
PPOs a “ticking time bomb” says legal expert
Periodic payment orders represent a “ticking time bomb” for injury lawyers and insurers alike, according to one speaker at the Association of Personal Injury Lawyers’ annual conference.
Hiscox names UK tech boss as head of intermediary sales
Hiscox has added to its schemes and partnerships team, naming its UK and Ireland head of technology, media and telecoms as head of intermediary sales and distribution.
Mitsui promotes Graves to deputy head of claims
Mitsui Sumitomo at Lloyd’s has promoted Mark Graves to deputy head of claims.
Ecclesiastical strengthens board with non-executive appointment
Ecclesiastical has appointed Tim Carroll as non-executive directive to the board of Ecclesiastical Insurance Office.
Standard Club launches hull facility
Standard Club managers Charles Taylors have arranged a hull and machinery facility for Standard Club members, with cover provided by Swiss Re and certain Lloyd’s of London Syndicates.
DAS unveils law firm
Legal expenses insurer DAS has lifted the curtain on its own law firm, DAS Law, headed up by head of legal services Kathryn Mortimer.
Brightside pockets £91.2m despite 76% drop in online home sales policies
Insurance broker Brightside Group has reported a 13.4% rise in revenue to £91.2m for 2012 (2011: 380.4m) and a reduction in external debt of £17.5m.
Graves appointed deputy head of claims at Mitsui Sumitomo
Non-life insurer Mitsui Sumitomo has promoted claims manager Mark Graves to deputy head of claims.
ECIC extends health & safety broker training to Scotland
A contractor health and safety course for broker partners has been expanded by the Electrical Contractors’ Insurance Company to include Scottish firms.
The week's top five Asian news stories
The top five Asian news stories that you have been reading in the the last week.
Chinese insurers to implement new anti-money laundering rules
Insurers and banks in China have been given a December 2015 deadline by the People's Bank of China to implement new anti-money laundering rules.
China's insurance market to become second largest, says Allianz
China's insurance market will become the second largest insurance market in the world within a decade according to a new report from Allianz.
Investigation into culpability of Waco explosion to take months
It may take several months before fire investigators in Texas are able to determine whether the blaze that led to the tragic explosion at a Waco fertiliser plant was started deliberately.
Aviva general insurance boss defends latest round of job cuts
Aviva's chief executive of general insurance for UK & Ireland has described job losses within the group as a "fact of life" as it moves to become more a "lean, agile and competitive" operation.
Discount rate proposals attack the 100% compensation principle
Calls for changes to the current approach for setting the discount rate are attacking the principle that injured people should receive 100% of their compensation, David Westcott QC has argued.