News
RSA changes specialty lines head
Neil Lightbown has been appointed as RSA's global specialty lines director from 1 May when he will take over the responsibilities of Paul Donaldson who is set to retire in early 2014.
Italian insurers "not directly affected" by sovereign downgrade
Italian mutual Assicurazioni, its core subsidiary Reale Seguros and ITAS Mutua's ratings are not directly affected by the downgrade of Italy's ratings, Fitch has said.
IFB helps build 25 high-impact crash-for-cash cases
The Insurance Fraud Bureau helped build 25 high-impact crash-for-cash cases in collaboration with Duran Police’ Operation Nacho.
Lawyers question post-Jackson litigation potential
Lawyers have questioned whether the introduction of costs budgets for claims disputes in court might lead to further litigation in cases where insureds feel their claims history has been affected.
RSA names Lightbown as Donaldson successor ahead of retirement
Neil Lightbown has been appointed as RSA's global specialty lines director from 1 May when he will take over the responsibilities of Paul Donaldson who is set to retire in early 2014.
North West law firms considering closure in light of reforms
The impact of government reform geared towards driving down the cost of insurance premiums has resulted in a growing number of specialist personal injury law firms in the North West considering closing their businesses.
Foil expands ranks with first non-law firms
The Forum of Insurance Lawyers has boosted its presence in the claims sector by signing up its first wave of non-law firms as trade & industry partners.
David Neave joins Parabis board
The Co-operative's outgoing general insurance managing director David Neave has become Parabis' first non-executive board member since it gained an alternative business structure licence last August.
HSB Engineering Insurance strengthens underwriting team
HSB Engineering Insurance has appointed Roland Agard as partnership and account underwriting manager.
Baltic markets "not big enough to matter to PZU"
Polish insurer PZU’s plan to expand further into the Baltics is unlikely to add value to the group, according to Wood & Company analyst Mark Macrae.
AGCS grows Africa team
Allianz Global Corporate & Specialty has made several new hires as it looks to expand throughout the African continent.
Insurers struggle to match risk taking with appetite
Aligning risk taking with risk appetite has become a challenge for many insurers seeking to embed enterprise risk management practices, according to a survey conducted by Towers Watson.
Axa secures £150m capacity win
Axa Commercial Lines and Personal Intermediary will provide £150m capacity to Prestige Underwriting Services as part of a five-year deal.
Xchanging names Brit’s head of group services as Netsett boss
Technology provider Xchanging has recruited a new leader for its global net settlement platform Netsett in the form of Brit’s head of group services.
Lark posts strong 2012 results following Groupama MBO
The Lark Group increased turnover by 10.2%, reaching £23.7m in its first set of financial results following the completion of the management buy-out from Groupama.
Fraudulent claims prove tempting for motorists, says Go Compare
More than 6% of motorists surveyed by Go Compare said they would consider making a fraudulent insurance claim if the opportunity presented itself.
Insurers to avoid levies on insurance businesses
The International Association of Insurance Supervisors will not issue surcharges across all of insurers' businesses when it releases its findings on 20 March.
Disaster management initiative starts in Australia
The University of Melbourne, IBM and Australia's national research centre NICTA are developing the Australia Disaster Management Platform to help co-ordinate disaster rescue efforts.
Indian regulator reviews broker regulations
The Insurance Regulatory and Development Authority, India's insurance regulator, has formed a committee to review insurance broker regulations.
AA Insurance boss puzzled by timing of Transport Committee inquiry
AA Insurance director Simon Douglas has raised questions over the timing of a Transport Select Committee inquiry calling for evidence on reducing the number and costs of whiplash claims.
Zurich calls for advance way of diagnosing whiplash
Zurich has welcomed the Transport Select Committee’s inquiry into whiplash and called for a more advanced way of diagnosing and proving whiplash injuries.
World Bank and Eiopa commit to developing insurance globally
The European Insurance and Occupational Pensions Authority has joined forces with the World Bank on an initiative to develop the insurance sector.
DAS ready for new legal world with three new ATE products
Legal expenses insurer DAS plans to launch three new after-the-event products in April in response to a raft of new legislation.
Aviva: We are not anti-network
Aviva is confident it will not lose out on any relationships with individual brokers after it breaks ties with Willis Networks, according to the insurer's director of broker distribution, Phil Bayles.