News
Nearly half of insurers won't be Solvency II ready by 2014
While 57% of insurers across Europe think they are on track to comply with Solvency II by January 2014, readiness varies significantly by country, according to Ernst & Young.
Solvency II unlikely to be implemented until 2016
Solvency II rules may not take effect until 2016, Gabriel Bernardino told The Wall Street Journal this week.
Towergate recruits Aspen audit head
Towergate Insurance has named Jackie Gray as group internal audit director, joining from insurer and reinsurer Aspen where she also headed up internal audit.
First Assist launches non-standard travel insurance service
White label specialist First Assist Insurance Services has launched a non-standard risk service for people who exceed medical thresholds or age limits.
Beazley buys Lloyd's small business unit
Beazley has acquired the team that underwrites the Lloyd's Small Business Consortium, which has been managed by SA Meacock Syndicate 727 for nine years.
BrokersLink adds 13 to membership
BrokersLink has expanded its membership with members from territories including Russia, Ukraine, Latvia, Central Asia, the Middle East and Africa.
Almost half of insurers struggling with Solvency II deadline
Some 43% of European insurers are unlikely to be prepared for Solvency II by 2014, research by Ernst & Young has revealed.
BrokersLink adds 13 new members
BrokersLink today announced the addition of 13 new members at its fourth annual conference in Madrid.
BGL sees gross profits rise 22%
BGL group has reported pre-tax profits of £88m for the year ending June 2012.
'Confident' JLT eyes international employee benefits expansion
Jardine Lloyd Thompson is "well positioned to deliver sustainable growth" and will continue with plans to develop its employee benefits business in 2012, according to the broker's interim management statement.
Investing in the Profession: CFC staff raise £5000 for charity in gruelling triathlon
Around half of the CFC underwriting team proved to be 'in the pink' after raising more than £5000 for charity by completing a gruelling triathlon comprising a 750m open water swim, a 20km bike ride and a 5km run.
Investing in the Profession: Young Questgates employee gains accredited counter-fraud specialist status
Questgates has become the latest firm to demonstrate its commitment to employee progression after proudly declaring last week that a young member of its counter-fraud team has been granted accredited counter-fraud specialist status.
Claims Event: Insurance industry instructed to see recession as the 'norm'
The insurance industry has been told to accept the global financial crisis as the "new normal" and embrace social media by working closely with third parties.
Claims Event: Loss adjusters claim logistics hinder further collaboration in surge events
Three loss adjuster chief executives have jointly defended any lack of collaboration on surge events compared with other sections of the insurance industry on claims issues.
Silence on MBO as Bollington sees profit rise to £1.4m
Groupama-owned broker Bollington has reported that net profit in 2011 increased to £1.4m, compared with £985 176 in 2010.
Legal experts call for transparency following revised Simmons judgment
Legal experts are calling for more clarity in the implementation of government reforms, stating that "lessons must be learnt" following the Court of Appeal's revised judgment in the Simmons v Castle case.
Hunt for new Biba boss begins as Galbraith announces plan to step down
The board of the British Insurance Brokers' Association and chairman Andy Homer have begun the search for a replacement for Eric Galbraith, who is stepping down as chief executive after almost a decade at the helm.
Market moves: Busy week sees major hires at Travelers and Giles
In a busy week of recruitment for insurers and brokers, certain firms strengthened their reputations as companies with a real appetite for employment.
Fitzmaurice says Hastings will bed down initiatives before potential float
Incoming Hastings Insurance Group chief executive Gary Hoffman has said his experience leading financial services companies such as Barclaycard, Northern Rock and the start-up NBNK will bring a "broader perspective" to the intermediary business as the…
Claims Event: Ecclesiastical calls for metal theft action
Ecclesiastical's technical claims consultant has called for insurers and the Association of British Insurers, as well as clients and government, to step up their collective efforts in tackling metal theft.
Claims Event: ABI admits final riot claims may end up in court
The Association of British Insurers has confirmed that it is embroiled in meetings with police in a bid to conclude outstanding riot claims, and conceded that some cases may end up in court.
Claims Event: OFT director deems GTA an inadequate solution
The general terms of agreement between insurers and credit hire organisations "is not an adequate solution to the problem" of motor market "dysfunctionality", according to a director at the Office of Fair Trading.
DLG enlarges initial share offering
Direct Line Group parent Royal Bank of Scotland is to expand its initial public offering of ordinary shares.
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.