News
Biba boss calls for FCA to target non-GI intermediaries
The British Insurance Brokers' Association has called for the incoming Financial Conduct Authority to target non-insurance intermediaries, not the industry's brokers, in order stamp out mis-selling scandals and protect customers.
Cunningham Lindsey and Direct Group CEOs seek to finalise PE sales
Two former GAB Robins executives are close to finalising deals that would see the total or partial exit of two private equity houses from their current businesses.
Insurance Fraud Register to be accessible to life and Lloyd's markets
The Insurance Fraud Register is to be rolled out to the life insurance and Lloyd's markets once it is fully operational in the UK general insurance sector.
NHS pilots QBE's telematics system
North East Ambulance NHS Foundation Trust has joined forces with QBE's motor risk management team to pilot a telematics system.
Aviva backs Allan & Thomas risk management offering
Dorset-based broker Alan & Thomas Insurance Group is to offer commercial clients free access to a range of risk management tools and services after teaming up with Aviva Risk Management Solutions.
Ace aquires Indonesian broker
Ace Group has acquired an 80% stake in PT Asuransi Jaya Proteksi.
RSA chooses Plus One for landlord cover
RSA has appointed service provider Plus One Services, part of Hood Group, to help deliver a residential landlords product.
MDS and Towers Watson JV to serve Portuguese clients
Professional services firm Towers Watson and Broker MDS have joined forces to establish a benefits brokerage consulting service in Portugal.
Wheatley approach a "gross distortion of process"
Law firm CMS Cameron McKenna has claimed that the approach by Martin Wheatley, incoming boss of the Financial Conduct Authority, to "shoot first and ask questions later" represents a "gross distortion of due process".
Weatherbys and Hamilton unveil specialist broker
Banking group Weatherbys has joined forces with insurance entrepreneur Charles Hamilton to launch high net worth intermediary Weatherbys Hamilton.
Tackling fraud is a 'source of competitive advantage', says IFB boss
The director of the Insurance Fraud Bureau, Phil Bird, pictured, has said that tackling fraud has become an "integral part of an insurers' business plan".
Top five Asian news stories
The top five Asian news stories from www.insuranceinsight.com over the past seven day.
Commercial health products 'more effective' than relying on goverment, Chinese minister says
China's government plans to work with private insurers to expand national health cover in a bid to close the mortality gap between rural and urban residents while keeping costs low, according to Bloomberg's Businessweek.
Tokio Marine to sell takaful through Saudi joint venture
Tokio Marine Middle East, the Dubai-based regional hub of Japanese insurer Tokio Marine, is to launch a new Saudi joint venture, according to reports in the local press.
FMG achieves two business certifications
Incident management specialist FMG has obtained certifications that recognise the firm's business continuity plans.
Jubilee parent RSG confirms Direct Group acquisition plans
The Doncaster-based Direct Group will be acquired by Ryan Specialty Group in a bid to build on existing third party administration offerings.
Mondial reshuffles sales team
Mondial Assistance UK has restructured its sales team just a fortnight before it becomes Allianz Global Assistance.
FSC in bid to wind up Lemma in Gibraltar
The Gibraltar Financial Services Commission has been granted leave to apply for the winding up for Gibraltar-based Lemma Europe, according to a report in The Gibraltar Chronicle.
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.
Moody's cuts Amlin ratings
The rating agency has lowered Amlin's group subordinated debt ratings and the insurance financial strength rating of its Lloyd’s syndicate.
Mapfre and Genworth join forces to sell products in Latin America
Spanish insurer Mapfre is to distribute Genworth lifestyle protection insurance products in Latin America.
'Credibility' of industry hinging on trialogue talks, says PWC
The reputation of the European insurance industry is in the balance as talks continue on the final text of Omnibus II, according to PWC.
Europe eyes up captive insurance
Organisations in central and eastern Europe and additional emerging markets are keen to take advantage of risk management and risk financing solutions such as captive insurance companies, according to Aon.
ABI throws weight behind industry partnership with the FCA
The Association of British Insurers renewed its support today for the insurance industry working in partnership with the incoming Financial Conduct Authority to ensure that regulation delivers for consumers.