News
Greece not a worry for European insurers, says Eiopa
The chairman of the European Insurance and Occupational Pensions Authority expects little further impact on the insurers from their holdings of Greek sovereign bonds.
Willis CEO calls for insurers to provide resilience
The insurance industry is uniquely placed to provide resilience amid the global financial crisis, according to Willis CEO Joe Plumeri.
Further Cunningham Lindsey staff at "risk of redundancy"
Three staff at Cunningham Lindsey's managed contractor network Oriel are facing redundancy, the loss adjuster has confirmed.
Fraud register to launch in July
The Insurance Fraud Register will go live in July after the Association of British Insurers and the Insurance Fraud Bureau signed contracts on the creation of the database.
Allianz extends Scalepoint contract
Allianz Insurance has signed a new three-year contract with claims management provider Scalepoint.
Apil criticises ‘short-sighted’ civil justice change
The Association of Personal Injury Lawyers has said that introducing further change to a civil justice system which is already in the throes of a series of major reforms would be short-sighted.
ABI backs RTA portal extension
The Association of British Insurers has welcomed the government announcement to extend the claims limit for settling personal injury motor claims from £10 000 to £25 000.
Questions remain over county court consultation response
Access to Justice Action Group spokesperson Andrew Dismore has accused the government response to the consultation on county court reforms of being a "damp squib".
Countdown to EIS: Q&A with keynote speaker Bart De Smet
Bart De Smet, group chief executive officer for Ageas is the keynote speaker at Insurance Strategy Europe taking place in Brussels on Wednesday 21 and Thursday 23 March. In the first of a series of articles counting down to the event Insurance Insight…
Mapfre: performance warrants better credit rating
Mapfre's general manager criticised ratings agencies for failing to take the company's financial figures into account when downgrading them, at the Spanish insurer's press briefing this morning.
Robertson returns to Ernst & Young to head up UK insurance
Mark Roberston has joined Ernst & Young to head up the UK insurance team.
Catlin reports reduced profits due to cat losses
Bermuda-based speciality reinsurer Catlin Group reported $71m profit before tax for 2011, down from $406m for the 2010 year.
Government announces RTA portal extension
The Road Traffic Accident portal for motor personal injury claims will be extended to include claims worth up to £25 000 and, for the first time, employers’ and public liability claims.
Esure's Wood makes way for Vann promotion
Esure has officially promoted chief operating officer Stuart Vann to chief executive after he took over increasing areas of responsibility within the firm over the past year. He will not be replaced as COO.
Higos appoints director development expert Fathers as NED
Higos Insurance Services has confirmed the appointment of experienced senior director mentor Dean Fathers as non-executive director.
Moreland allies with British Franchise Association
Scottish broker Moreland Insurance has widened its UK reach with a partnership with the British Franchise Association.
Competition heats up for general insurance arm of HSBC
The competition to buy HSBC’s $1bn general insurance business is down to two contenders – Axa and Ace, sources have told Reuters.
Legal expenses insurer DAS returns to profit and applies to SRA to buy a law firm
DAS has reported that it increased gross written premiums by 16% in 2011, returning a pre-tax profit of £9.7m compared with losses the previous year.
Claims growth outstrips premium increases in Cambodia
Although premium revenue for Cambodia's six big insurance companies rose 19% last year, total claims grew 178%, according to official data from the General Insurance Association of Cambodia.
Willis broker in viral email scandal
A Willis terrorism and political violence broker, James Hill, is reported to be at the centre of an embarrassing viral email that has been read around the world.
Scor takes bigger slice at 1 Jan renewals
SCOR Global P&C said 2011 gross written premiums were up by 8.8% to €3.982bn (up 11.6% at constant exchange rates) and 1 January saw average 2.2% price rises but saw it take a 13.9% growth in business.
Catlin in profit despite £1bn cat claims
Catlin's pre-tax profit was cut by more than 80% to $71m (2010:$406m) on the back of nearly £1bn of natural catastrophe losses last year.
Career file – Russell Crewe: LAS snaps up Merlin director
Former Merlin director Russell Crewe is to join claims management company LAS as an operations director after a period of gardening leave.
Career development: QBE announces Glasgow move
QBE is to move its Glasgow office to larger premises as it seeks to grow its Scottish workforce in 2012.