News
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.
DAC Beachcroft acquires PI team in Newport
DAC Beachcroft has acquired a professional indemnity team in south Wales, led by partner Clare Hughes-Williams.
S&P affirms A- rating for Ecclesiastical
Ecclesiastical Insurance Office has had its A- rating affirmed by Standard and Poor’s. The insurer also maintained its stable outlook.
Aviva to slash global workforce by 6%
British insurer Aviva will cut its workforce by 6% over the next six months in a bid to reduce expenses.
Departing XCS chief adjuster Cook tipped to join Charles Taylor
Richard Cook, head of reinsurance and chief adjuster at Xchanging Claims Services, has tendered his resignation and is believed to be taking his entire team with him to Charles Taylor Insurance Services.
Aviva to cut 2000 jobs
Aviva is to cut more than 6% of its global workforce with 2000 roles across the UK, Europe and Asia being made redundant.
Italian criminal case against European Insurance Group directors closed
A Naples judge has officially closed the Italian criminal case against shareholders, directors and consultants of European Insurance Group.
Top five European news stories
The top five stories from www.insuranceinsight.com over the past seven days.
Ace promotes underwriter Knox to managerial role in Scotland
Ace has promoted senior casualty underwriter Gordon Knox to the position of casualty manager for Scotland.