News
Barbon CEO Oliver to quit
Barbon chief executive Martin Oliver is to leave the group in six months.
FSA conducted over 20 police dawn raids in 2011
The Financial Services Authority conducted over 20 police dawn raids in 2011, according to data obtained by law firm Reynolds Porter Chamberlain.
Wesleyan warns of underinsurance risk
A large number of professionals could find themselves significantly underinsured on their buildings and contents insurance, according to Wesleyan Assurance Society.
Swiss Re launches into Middle East after being granted licence for DIFC
Swiss Re Corporate Solutions has received a licence from the Dubai Financial Services Authority to operate in the Dubai International Financial Centre.
Lockton launches global partnership
Broker Lockton today announced the formation of the Lockton Global partnership.
Charnaud apppointed chairman of Marsh's infrastructure practice
Marsh has named Edwin Charnaud as chairman of its Global Infrastructure Practice.
Indian insurers praise deductibles hike
An increase in deductibles for third-party motor premiums by the Insurance Regulatory and Development Authority has been praised by the insurance industry, despite frustrating consumers.
DAC Beachcroft hands ex-Zurich boss Paton claims chief exec role
DAC Beachcroft has this morning confirmed the appointment of former Zurich Financial Services European claims director Bill Paton as chief executive of the law firm's claims solutions group.
Taiwan allows insurers to invest in foreign stocks
Taiwan has passed a regulation allowing insurance firms to invest in overseas stocks, provided they meet certain risk-based capital criteria.
Axa warns of Easter accidents claims peak
Axa Personal Lines has warned of costly DIY accidents over the double Bank Holiday weekend, warning that claims peak on Easter Monday.
Paperwork delays payment of Thai flood claims
Japanese firms waiting for claims payment following the flooding in Thailand face delays owing to the volume of paperwork for insurance companies.
JLT appoints Steve Exwood as Nottingham partner
JLT Specialty has boosted its Nottingham risk practice team with the appointment of new partner - and former Towergate employee - Steve Exwood.
Aspen hires chief underwriter for northern region
Aspen Risk Management has appointed Steve Cheshire as head of underwriting for its business in the north of England.
IUA attacks late claims payment penalties
Proposed legal reforms that allow unlimited damages to compensate for delayed claims payments will drive up legal costs and raise insurance premiums, the International Underwriting Association has warned.
Marsh hires Charnaud for chairman role
Marsh has appointed Edwin Charnaud as chairman of its global infrastructure practice.
Hastings reports profit up 63%
Hastings Insurance Group has announced its first calendar year consolidated results, showing pre-tax profit up 63% to £31m (2010: £19m).
MENA insurance market needs less fragmentation
The future of the Middle East and North Africa insurance market remains bright, but local insurance companies must transition from fragmented companies to become national champions, according to a survey.
Quindell ups stake in Ai Claims in takeover
Quindell Portfolio has bought a further 47.7% of Ai Claims Solutions for £3.1m, taking its holding above 77%, and has made a cash offer with share alternative for the rest of the business.
Perils updates database and adds floods
Zurich-based European catastrophe insurance data firm Perils has updated its Europe Industry Exposure Database of market-wide property sums insured for European windstorm.
DWF and Buller Jeffries set for May merger
DWF and Buller Jeffries have today become the latest in a line of insurance specialist law firms to announce their merger. The firms revealed that they will join forces on 1 May 2012, when Buller Jeffries will be formally incorporated into DWF.
Sony warehouse fire not caused by rioters, police say
Insurers' claims for the Sony warehouse building burnt down during the riots was rejected because it was not caused by people "riotously and tumultuously assembled", the police have said.
A&A adopts Claim Witness telematics system
Non-standard motor broker A&A Group is to adopt a new telematics system launched by Claim Witness Systems, which is backed by experienced insurance industry figures, such as Mark Boleat.
QBE hires Bocca for trade credit role
QBE Trade Credit has appointed Ian Bocca as manager of new business development UK with effect from 1 May.
Solvency II amendments poll
Are the Solvency II amendments enough?