News
Market moves: Zurich and Mitsui continue recruitment push
Last week's busiest recruiters, Zurich and Mitsui Sumitomo, followed their recent appointments with the addition of more new staff. Mitsui has added two members to its underwriting team, while Zurich welcomed a new head of human resources.
Law Report: Contractor’s rights upheld due to ambiguous contract
Law reports contributed by national law firm Berrymans Lace Mawer.
Law Report: Court rules in favour of following German law in crash case
Law reports contributed by national law firm Berrymans Lace Mawer.
Law Report: Part 36 not extended by court
Law reports contributed by national law firm Berrymans Lace Mawer.
Keelan Westall boss upbeat despite parent firm slipping into the red
Keelan Westall has claimed that the firm is beating its own growth targets, despite its parent company's latest financial results revealing that it has slipped into the red.
Concern over PPOs makes 'nervous' reinsurers more 'selective' in writing
The spectre of the UK motor market being hit by the further withdrawal of primary capacity, and resistance to new entrants, has again been raised, this time through the reinsurance community's concern about periodical protection orders.
Withey case prompts MP to raise loss adjusting regulation in Westminster
Political pressure for the immediate regulation of loss adjusters is building steadily, after Welsh MP Roger Williams signalled his intention to raise the issue in Westminster.
Towergate M&A boss outlines 2012 targets following double raid
Towergate is on track to double last year's acquisitions total, leading the firm's M&A director to hint at yet more upcoming deals across the UK.
Coface's Charbonnel promoted to chief operating officer
Cyrille Charbonnel has been appointed group chief operating officer for Coface, a newly created position at the credit insurer.
Axa aims for Brokerbility benchmark
Axa UK intermediary boss Amanda Blanc has said there is "room for improvement" in the insurer's commercial lines business, despite beating its peers on overall performance in a recent survey of brokers.
Axa Personal Lines and Commercial Lines brought back together under Blanc
Axa's decision to revert to structuring its UK general insurance business down distribution lines rather than business segments has been widely welcomed by brokers, but the market is awaiting clarity over the direction of its direct business.
Industry left dangling on key issues as parliaments take summer recess
The insurance industry has been left in limbo after the UK and European parliaments failed to address a list of key issues as they broke for summer recess.
Indian regulator rubberstamps aggregator site
An Indian price comparison website has become the first to receive approval from the country's Insurance Regulatory and Development Authority after complying with new guidelines.
RMS and Tokio Marine collaborate on Japanese perils
Catastrophe modelling firm Risk Management Solutions and insurer Tokio Marine & Nichido Fire have agreed to share information on Japanese earthquake and typhoon risk over a long-term period.
HSBC looking to exit Vietnamese insurer, sources say
HSBC plans to continue the sale of its insurance assets by divesting its stake in a Vietnamese insurer, according to sources.
Mass heaps praise on Professor Fenn's RTA report
The Motor Accident Solicitors Society has welcomed a report exploring the low value road traffic accident claims process operating through Portal Co.
Chartis to offer MENA clients $1.5bn per-risk capacity
Chartis, the property and casualty arm of American International Group, has increased its commercial property per-risk capacity to $1.5bn on a worldwide basis.
Axa retains top spot in insurer survey
Axa has come top in Brokerbility's latest survey based on brokers' views of insurer performances.
India to investigate 'womb removal' insurance scam
The Indian state of Chhattisgarh is investigating reports that thousands of women had unnecessary hysterectomies so that hospitals could make insurance claims, the BBC reported yesterday.
RSA expects £35m hit from Italian quakes
RSA expects a net loss of £35m from the two earthquakes in Italy's Emilia-Romagna region in May, the general insurer said today.
Homeserve denies sale talks
Homeserve has issued a statement on the London Stock Exchange in which it denies having engaged in discussions with potential buyers.
RSA flood losses hit £50m
RSA has been hit with an estimated net loss of £40m across its UK household, motor and commercial property books for June as a result of the wet weather.
Homes to be demolished in aftermath of Oldham explosion
Adjusters from Crawford and Company have reported that a number of houses in the vicinity of the Oldham gas explosion will have to be demolished.
Middle East unprepared for 'inevitable' major earthquake
The Middle East could be staring down the barrel of a huge earthquake that would leave tens of thousands dead and destroy hundreds of thousands of homes, according to seismologists.