News
Insurers at risk by failing to upgrade legacy systems
Legacy systems pose a “substantial” risk to the commercial insurance industry, according to a report by Xuber.
Purple Partnership chairman Finch to step down
Independent broker network Purple Partnership has announced that non-executive chairman Alec Finch is to step down from 31 October.
Compre claims first in unlocking 'major barrier' to European runoff acquisitions
Reinsurance legacy specialist Compre Holdings has completed what it claims is the first ever cross-border demerger of insurance and reinsurance portfolios.
MetLife makes two senior appointments in Asia
MetLife has appointed a replacement managing director of PNB MetLife, its Indian operation and a head of bank distribution in Asia.
Europe a reinsurance buyer’s market claims Willis Re
Increased capacity, competition and changing market dynamics have created a buyer’s market for European cedants according to Willis Re.
Co-op Bank hikes PPI provisions by £105m
The Co-operative Bank has said that cost relating to the mis-selling of payment protection insurance may be up to £105m higher than expected.
Quindell working on 'one-in-four' UK claims
Outsourcing firm Quindell Portfolio is now serving some role on roughly one-in-four insurance claims in the UK, following contract wins, the firm has said.
QBE's Burns returning to Australia
Former QBE Europe CEO Steven Burns has announced his retirement from fulltime executive work for lifestyle and personal reasons. He will take a short sabbatical and rejoin QBE in January 2014 based in Sydney on a part-time basis.
Insurance bill nearly AUS$100m from fires
The insurance bill from the devastating New South Wales fires that have rocked the Blue Mountains is almost AUDS$100m and is likely to rise higher as many fires still rage.
QBE’s Burns to retire from executive work
Former QBE Europe chief executive Steven Burns will not take on the role of group chief financial officer as planned.
RSA’s ‘ghost broker’ handed 15 month suspended jail time
A man who fraudulently re-sold invalid car insurance policies has been given a 15 month jail sentence, suspended for two years.
Lemma claims will not be met in full says liquidator
Outstanding claims against Gibraltar-based insurer Lemma could start to be paid this autumn, but there will not be enough money in the estate to pay all claimants, according to the official liquidator.
SRA issues referral fee ban compliance warning
The Solicitors Regulation Authority has warned personal injury firms some of the models adopted to circumvent the referral fee ban “potentially breach” parts of the code of conduct.
Towergate restructures retail division
Towergate is splitting its retail division into two separate businesses.
Amtrust Europe hires executive from DAS
Amtrust Europe has appointed Nick Waters as sales and business development executive for its after-the-event legal expenses team.
Marmalade rejects curfews for Allianz telematics tie-up
Usage-based insurance specialist Marmalade and insurer Allianz have joined forces to deliver telematics-based insurance cover for young drivers.
Marmalade rejects curfews for Allianz telematics tie-up
Usage-based insurance specialist Marmalade and insurer Allianz have joined forces to deliver telematics-based insurance cover for young drivers.
Amtrust Europe hires development executive from DAS
Amtrust Europe has appointed Nick Waters as sales and business development executive for its after-the-event legal expenses team.
Marketform restructures medical malpractice division
Underwriter Marketform has reshuffled its medical malpractice division.
Disaster preparedness should top agenda says IMechE
The rapid growth in the number of people living in cities and urban landscapes is increasing the world’s susceptibility to natural disasters, according to a report by the Institution of Mechanical Engineers.
Doodson Broking acquired by Integro
Manchester based Doodson Broking Group has been purchased by Integro. Terms of the acquisition have not been disclosed.
RSA relocating Indian call centres to UK
RSA is to close its Indian call centres and create 70 new jobs in the UK.
Randall and Quilter completes portfolio transfer from Finnish companies
Randall and Quilter has completed the portfolio transfer from two Finnish companies, Fennia and Turva, into its run-off insurer Alma.
Randall and Quilter completes portfolio transfer
Randall and Quilter has completed the portfolio transfer from two Finnish companies, Fennia and Turva, into its run-off insurer Alma.