News
Unprecedented rise in third party accidents, claims IFA report
Claims management companies are to blame for an 18% increase in the number of third party accidents involving bodily injury over the past year, according to the Institute and Faculty of Actuaries’ annual report.
Novae Re exodus to damage reinsurance book
The resignations of the chief executive of Novae Re’s Zurich operation Gunter Saacke, chief underwriting officer Will Schuerch and 10 underwriters have sparked concerns that the insurer cannot retain business written by certain divisions.
Biba slams European timetable for commission disclosure
The British Insurance Brokers’ Association has accused the European Commission of ignoring the views of major financial and insurance bodies in its decision to impose a timetable to mandate disclosure of insurance commissions.
Solvency II implementation date confirmed
The 1 January 2014 implementation date for Solvency II was confirmed by the European Parliament today.
Yutree reaches partnership agreement with Pro Sight
Yutree Underwriting has launched an exclusive partnership with Pro Sight Specialty Insurance.
William Russell re-brands and launches new website to 'remain competitive'
Expatriate insurance specialist William Russell is launching a major re-brand to coincide with its 20th anniversary in the industry.
Markel appoints trade credit analyst in Singapore
Markel International has appointed Rufin Majid as trade credit analyst in its Singapore office.
IMD draft confirms mandatory disclosure for GI brokers by 2017
A draft of the revised Insurance Mediation Directive released by the European Commission has confirmed broker’s fears regarding commission disclosure.
Allianz tops 2011 non-life rankings for premium income
Allianz retained its place as Europe's top non-life insurer in 2011, according to Spanish insurer Mapfre's non-life rankings published today.
Property owners' product launched by Aspen
Aspen has launched a specially-designed property owners’ insurance product, in a bid to help policyholders get to grips with the “growing issue” of underinsurance.
Cunningham Lindsey sets deadline for claimant visits
Cunningham Lindsey is aiming to visit all claimants impacted by recent adverse weather conditions by the end of the week, after settling 28% of claims received since 8 June.
Guernsey domiciled entities continue to grow
The number of international insurance entities licensed in Guernsey grew by 52 during the first five months of 2012.
International loss adjusters VRS elect new president
The board of VRS Adjusters has appointed of Michael Arbour as its new president with immediate effect.
Crawford nabs Cunningham Lindsey COO for EMEA role
Crawford & Company EMEA/A-P has appointed former Cunningham Lindsey UK chief operating officer and chief finance officer John Jenner to commercial director and director of strategy & performance development for the region.
Guernsey issues 63 insurance licenses in 2012
Guernsey issued 63 new licenses to international insurance entities in the first five months of this year.
IUA elects two new board members
Two new members have been elected to the Board of the International Underwriting Association.
ALP unveils legal expenses portal
Abbey Legal Protection has today launched its multi-quote legal expenses insurance portal, Online Quotes System.
Watch now: Optimising pricing and underwriting data webinar
In an increasingly competitive insurance market, underwriters’ work is only as good as the data at their disposal.
Results on the rise in record year for Hill Dickinson fraud unit
Hill Dickinson's fraud unit is celebrating a record year, following a 20% increase in instructions and an expansion of its client base to include more than 20 motor insurers.
RICS proposes changes to PI contracts for surveyors
The Royal Institution of Chartered Surveyors has proposed changes to professional indemnity insurance arrangements for surveyors who carry out valuations.
Hardy acquisition completed
Hardy has ceased trading on the London Stock Exchange as of today following completion of its acquisition by CNA Financial.
Talanx completes Warta aquisition
Talanx International AG has completed the acquisition of Polish insurance company TUiR Warta SA from KBC.
Axa Corporate Solutions CEO takes Asia job
Axa Corporate Solutions UK chief executive Emmanuel Nivet is to become CEO of Axa Affin General Insurance in Malaysia.
Helvetia bidding for Groupama's French marine portfolio
Swiss Insurance Group Helvetia Group has confirmed it has entered into exclusive negotiations with Groupama to acquire its French marine insurance portfolio.