News
Rolland from Amex to head LV's claims
LV has appointed Chris Rolland, pictured, as claims director to oversee all aspects of claims within LV's general insurance business.
Reinsurers weakened financially by 2011 catastrophes
Reinsurers are exposed to further major catastrophe losses during 2012, according to Fitch.
Non-life premiums to stay suppressed until 2015
Non-life premiums will not rebound to 2003 levels until after 2015, according to Ernst & Young's economic forecast.
Groupama goes dynamic on Open GI
Groupama is providing brokers with dynamic pricing on its motor quote engine through Open GI.
Questgates names five new recruits
Questgates has announced five new appointments across its motor, property and counter-fraud divisions.
LMI opens Leeds office
Liberty Mutual Insurance has made four new appointments and opened a new office in Leeds.
Helphire cuts debt as drop in hires slows
Helphire said in a trading update it had reduced net debt by £7.9m, from £132.4m to £124.5m, in the first three months of the year.
RSA expected to beat 95% COR
Deutsche Bank has said it expects RSA to produce a combined ratio of better than 95% when it reports Q1 results this week.
Engelhardt tops Sunday Times insurance Rich List
Admiral's Henry Engelhardt, pictured, was the insurance industry’s top player in this year’s Sunday Times Rich List, with a total worth of £528m, down £120m from last year. He came in at 156th place, down from 120.
Moss declines 2012 salary increase
Aviva shareholders have voiced concern over Aviva's remuneration report.
'Sluggish' growth predicted for next three years
Insurance premiums will not recover until after 2015, growing just 0.9% this year, Ernst & Young has predicted.
Claims from 'freak' tornadoes flood in
Two freak tornadoes caused damage to parts of Essex and Warwickshire yesterday.
Confused in the clear after complaints about 'overly sexual' ads
Confused has been forced to defend a television advert featuring bikini-clad cartoon characters after 37 complaints were lodged with the Advertising Standards Authority.
CII launches employee framework
The Chartered Insurance Institute has launched an Insurance Competency Framework enabling businesses and individuals to determine the competencies individuals need to effectively fulfil their job roles.
DLG prospectus reveals 2011 COR breakdown
The Direct Line Group has launched a prospectus geared towards tying up its proposed £500m planned subordinated debt issuance, in which it discloses last year's combined operating ratio for the insurer's various lines of business.
Aviva management shake-up poll result
Will the changes really 'simplify' and 'focus' the business?
Slim-line Talanx looking to shed 730 jobs by 2015
German insurance group Talanx plans to save €245m annually by cutting 730 jobs in a reorganisation of retail operations in its home market.
Hardy shareholders say yes to CNA deal
Hardy shareholders have approved the £143m sale of the Lloyd's insurer to CNA.
Ace appoints Asia Pacific energy casualty underwriter
Ace has named Shaun Oliver as Asia Pacific Energy Casualty Underwriter.
Nearly 80% of Vietnamese SMEs lack disaster preparation
Despite their exposure, small to medium sized businesses in Vietnam are seriously under-prepared for the possibility of a natural disaster, a study by the Asia Foundation has found.
Payment defaults increasing across European firms
The level of payment defaults is improving in Japan and the US, but eurozone risk is on the rise, according to credit insurer Coface.
Credit card-linked insurance and assistance market worth €4bn in Europe
The market for packaging and cross-selling insurance and assistance policies linked to payment cards and bank accounts is lively and competitive in most European countries, according to research by consultancy firm Finacord.
ABI seeks 'radical' action to tackle whiplash epidemic
The Association of British Insurers has called for an end to people claiming compensation for whiplash injuries unless there is objective evidence of injury.
Axa will never swallow MGA "hype" and "lure of lira" again, promises Williams
Axa will not fall prey to the hype about managing general agents while the current management team is in place.