News
Olympics 2012: Team GB faces £300 000 insurance bill for basketball star
The cost of insuring Luol Deng to play basketball for Great Britain in this summer's Olympics could exceed £300 000.
Lloyd's braces for euro collapse
Lloyd's of London is readying itself for the collapse of the euro and has already reduced its exposure "as much as possible".
Coface appoints manager for France and Western Europe
Coface has appointed Jean-Michel Riou as manager of Coface France and the Western Europe platform.
Insurers' PANIU recovers £10m but construction site theft rise signals new crime wave
The insurer-funded Plant and Agricultural National Intelligence Unit has in total recovered 411 items of plant worth £9.5m in total but highlighted growing theft of quad bikes and construction site robberies.
AIG 'considering' Chartis UK rebrand
Chartis UK has revealed that a decision has yet to be taken on its rumoured rebrand back to American International Group.
Allianz Commercial relaunches broker service
Allianz has relaunched its online risk management service Risk Director.
Burglars take orders to steal big brand products, LV research reveals
A growing number of burglars are stealing brands "to order" and using shops and auction websites to sell illegal goods, according to research by LV.
'Strange' name insurers bid for British Money company
London-based online insurance entrepreneur, Simon Burgess, is selling his three companies with “British” in the title and has already received interest from insurers with “strange” names.
Top Stories
The top 10 stories from www.insuranceinsight.eu last week.
Uniqa reports profits up 20% for Q1 2012
The Uniqa Group has reported profit up 20.2% in the quarter one of 2012 to €54.4m (Q1 2011: €45.2m).
Consumers will suffer if Indian insurers can't increase rates
Pricing is a major challenge for India’s insurance industry, according to the new head of Bajaj Allianz General Insurance.
Axa Gulf launches roadside assistance with money back guarentee
Axa Gulf has launched a one-hour guaranteed roadside assistance service, in case of an emergency or breakdown, for all subscribers.
Dann leaves JLT for Miller
Broker Miller Insurance has hired former JLT sales leader Warren Dann in a bid to further expand its book of large corporate clients.
Ex Zurich CFO joins Deloitte GI actuarial division
Business advisory firm Deloitte has appointed Alex Poracchia as a new partner in the general insurance actuarial team.
Aviva Ireland agrees branch network sale with One Direct
Aviva Ireland is to sell part of its branch network business to general insurance provider, One Direct after three months of evaluations.
Londoners most reluctant to buy home insurance, survey finds
Londoners are most likely to decide not to take out home contents insurance, research by Confused has revealed.
Olympics Countdown: Q&A with Andy Tennant
With the Olympics are just nine weeks away, Davies-sponsored Team Pursuit 2012 World Champion talks to Post about gold medals, farting teammates and sticky toffee pudding.
Willis appoints new CEO for Norway
Willis Group has appointed Nils Arne Fagerli CEO of Willis Norway AS, effective immediately.
Quindell buy boosts telematics credentials
Quindell Portfolio has said its acquisition of software solution provider IT-Freedom will provide much-needed extra capacity for July, when it will emerge from the first mover advantage restrictions granted to its insurance technology charter client…
Wait goes on for industrial disease victims' compensation
A specialist industrial disease lawyer has called for greater urgency to redress the fact that victims of asbestos-related illnesses are still dying without compensation - two years after the government finished consulting on plans to set up an insurance…
Insurers and brokers too resistant to change
Resistance to change is the biggest weakness for insurers and brokers, according to a survey by JLT at the 9th annual Global Communications, Technology and Media forum in Salzburg.
Near norm Atlantic hurricane season predicted
Hurricane activity in the 2012 Atlantic season is likely to be close to the long-time norm values, but 10-40% below the norm values for the past 10 years, according to a forecast by Tropical Storm Risk.
Motor insurers urged to aim for profit
Motor insurers need to do more to improve profitability and return their collective underwriting loss back to the black.
Suspected bogus broker arrested
City of London Police have arrested a suspected bogus insurance broker in a raid on a Bradford home.