News
Insurance Insight weekly update live
Insurance Insight’s weekly update is live with an article on the pitfalls and opportunities with exporting to the US; and a View from the Top the different approaches being adopted for environmental liability.
AM Best affirms FM Global's European and UK arm ratings
AM Best has affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings (ICR) of “aa” of FM Global Group and its members, which includes the lead company, Factory Mutual Insurance Company (Factory Mutual).
PwC launch new scheme for Highland UK reinsurance creditors
Pricewaterhouse Cooper today announced that Highlands UK’s scheme of arrangement which dealt with the direct insurance business of the company, has, following its successful implementation, been formally terminated.
SSP names insurance MD
Technology provider SSP has appointed Stephen Lathrope as managing director of its insurer division.
APIL issues access to justice warning for NI
The Association of Personal Injury Lawyers has warned that victims of injury in Northern Ireland are at risk of being denied full and proper access to justice after a report recommended restrictions should be made to civil legal cases.
Equity Red Star forms broker relationship team
Specialist motor insurer Equity Red star has established a dedicated national broker relationship management team to develop profitable accounts with its largest business connections.
Dowler family joins legal reform debate
Milly Dowler’s family has urged David Cameron in a letter to rethink proposed legal reforms in consideration of the fact that the change could have prevented them from suing News International, reports The Guardian.
McErlean sentencing delayed
Sentencing has been delayed until 30 September for Anthony McErlean, who was due to appear at Canterbury Court today to be sentenced for faking his own death and making a fraudulent claims to Ace Europe.
Broker Network and Countrywide add two BDMs
Mark Wilson and Marlene Fisher bring the total number of business development managers consulting network members to 15.
Italy allows variable motor insurance premium tax
Individual Italian provinces now have the ability to vary the insurance premium tax rate of 12.5% on motor vehicle policies, following the country's enforcement of fiscal federalism.
Post Blog: The future of PPI
There hasn't been a hotter topic than payment protection insurance in the industry this year.
Japan typhoon causing "minimal" damage
AIR Worldwide has estimated insured losses from Typhoon Roke are between $150m and $600m.
No panic over end of referral fees
Andrew Morton, head of affinity solutions at Manchester law firm Pannone, said the announcement by the Ministry of Justice banning referral fees in personal injury cases does not mean a complete loss of revenue from legal work for insurers.
Tawa reports $110m profit
Tawa has announced interim results for the six months ended 30 June 2011 showing profit for the half year of $11.0m (2010: $1.4 million).
Liberty makes Brazil appointment
Liberty Syndicates has named reinsurance underwriter Douglas Sakamoto to its team in Brazil.
Business agility for improved profitability - webinar now available on demand
If you missed the recent Post webinar in association with Pitney Bowes Business Insight on the challenges of communicating with customers in today's changing world, you can now watch the on-demand version.
Canopius Omega bid best says adviser
A note from stockbroker Peel Hunt has dismissed the Haverford bid for 25%of Omega as the least attractive to shareholders of the three bids, preferring Canopius to Barbican.
Groupama appoints former Axa manager to new role
Groupama has today announced the appointment of former Axa account manager Louise Colledge, in a role overseeing the firm’s SME and commercial motor underwriting team in Manchester.
Tapiola has rating affirmed by AM Best
Tapiola General Mutual, Finland’s largest mutual insurer, has had its financial strength rating of A (Excellent) and its issuer credit rating of “A” affirmed by ratings agency, AM Best. The outlook for both ratings is stable.
Bolt criticises energy underwriters
Underwriters are failing to keep pace with changes in the regulatory and legal environment in the aftermath of the Deepwater Horizon oil spill, Tom Bolt told an audience of energy insurers yesterday.
Autoglass partners with Comfort Insurance
Comfort Insurance has appointed Autoglass as its preferred supplier.
AM Best affirms XL ratings
AM Best has affirmed the financial strength rating of A (Excellent) and issuer credit ratings (ICR) of “a” of the property/casualty subsidiaries of the holding company, XL Group plc (XL) (Ireland) led by XL Insurance (Bermuda) Ltd (Hamilton, Bermuda).
Insurance net premiums reach £46.4bn
The Association of British Insurers report on UK Insurance – Key Facts 2011 showed insurance net premiums totalled £46.4bn in 2010, while insurers paid out £30.8bn in claims over the same period.
Crash for cash gang to be sentenced
A gang of crash for cash criminals who pocketed almost £2m from false claims submitted through fraudulent accident management companies will be sentenced at Southwark Crown Court next month.