News
Scottish storm: Domestic insurers to bear brunt of losses
Domestic household insurers are set to take the brunt of insured losses from the Scottish storm as PwC estimates it could plunge the country’s economy £100m into the red.
Cattolica profits down €20m
Cattolica Società di Assicurazione reported net profit of €41m for the first three quarters of 2011, down €20m compared with the same period in 2010.
Incisive Media chairman joins Esure board in non-exec role
Esure Group Holdings has announced that Incisive Media chairman Dame Helen Alexander has joined the board as deputy chairman.
Tokio Marine suffers $1.3bn Thai flood loss
Tokio Marine Holdings has incurred net claims estimated at $1.3bn from the recent floods in Thailand.
Axa director Mike Keating quits company
Axa’s managing director of personal lines intermediary Mike Keating has left the company.
Ecclesiastical gains credit management approval
Ecclesiastical claims to have become the first insurer in the UK to be awarded the Quality in Credit Management accreditation.
Allianz expands offshore energy
Allianz Global Corporate & Specialty has appointed Pete Connors as offshore energy global product leader with effect from January 3, 2012.
AGCS expands energy team
Allianz Global Corporate & Specialty (AGCS) has appointed Pete Connors as offshore energy global product leader with effect from 3 January 2012.
Gender ruling poses both 'opportunity and threat'
Deloitte has warned industry leaders that the introduction of rules banning the use of gender as a pricing factor could have a “huge effect” on premiums for a wide range of policies.
9 December: Tourist attractions
The architecture isn’t the only thing that attracts visitors to Amsterdam.
OFT refers private healthcare market to Competition Commission
The Office of Fair Trading has decided to refer the market for privately funded healthcare services in the UK for further investigation by the Competition Commission.
NI to bring pleural plaques legislation
New legislation is to be introduced in Northern Ireland next week allowing pleural plaques sufferers to claim compensation.
FUW signs up to Broker Network
Bosses at the Farmers Union of Wales Insurance Services have today revealed the group has signed up to become a member of Broker Network.
ABI wants Solvency II to aid investment
The ABI has warned that the Eurozone crisis would not hold up Solvency II, but the new rules for how insurers hold capital should recognise the need for investment in long term projects needed for economic growth.
Payment protection insurance thrives in Europe
Payment protection insurance is an expanding market in much of Europe, despite issues in the UK market, according to a report.
GAB Robins ready for Bawbag damage
George Bentley, client services director of loss adjuster GAB Robins, has doubled the number of adjusters available on call to handle severe weather this week and is proposing to open its offices for longer hours, if needed.
Global reinsurance capital declined by 4% in the first nine months
Global reinsurer capital declined 4% from $470bn at 31 December 2010, to $450bn at 30 September 2011, according to an Aon Benfield report.
Test Achats prompts gender consultation
The government has issued a consultation document on how insurers can use gender as a risk factor in the light of the European Court of Justice Test Achats ruling in March.
Skuld sees 13% premium growth at Q3
Norwegian maritime insurer Skuld continued to grow in the third quarter, with a 13% increase in premium income year on year.
European financial services M&A activity down by 25%
There has been a significant slowdown in European financial services M&A activity during the Q3 of 2011.
CCV names new boss for Moscrops
CCV-owned Lancashire based broker Moscrops has appointed Andrew Champion to take over as managing director following the retirement of Tim Chadwick.
Young women could see 11% rise in car premiums due to gender ruling
A study quantifying the economic impact on European consumers of the EU's gender ruling will hit young women hardest, with an 11% rise in car insurance premiums.
Ai Claims hires COO from Homeserve
Blackpool-based accident management business Ai Claims Solutions has hired Simon Pook as the company’s first ever chief operating officer.
Motor reform threatens Chinese non-life market
Commercial motor pricing reform and a worsening underwriting deficit of compulsory third liability are threats to the stable outlook of the Chinese non-life market, according to a recent report.