News
Fitch: QIS5 unlikley to impact insurer ratings
Fitch Ratings said today that the final quantitative impact study QIS5 specifications do not materially alter Fitch's view on the likely impact of Solvency II on its insurance ratings.
Lloyd's welcomes US bill as step towards Solvency II harmonisation
Lloyd's welcomed the passage of the Dodd-Frank financial reform bill through the Senate yesterday.
Insurance Insight’s weekly update is now live
This latest initiative from the team behind the UK's market-leading general insurance weekly Post is dedicated to the European general insurance market and we will be providing news, analysis, comment and features focused on different territories.
Euro bounces back after four year low
The euro has today gained over 10 cents against the USD, taking it to 1.2986. The rise follows the euro hitting a 4 year low in June.
Miller launches broker white paper
Miller Insurance Services has launched a white paper aimed at generating discussion on ways to gain more value from insurance brokers.
Professional indemnity requirements for doctors 'do not go far enough'
The recommendation for mandatory indemnity for healthcare professionals is not before time but has not gone far enough, according to the Medical Defence Union.
Corpore ventures into new corporate health services
Rehabilitation and injury management firm Corpore is to extend its range of occupational health services to the corporate market.
Colin Naish takes up Cardiff presidency
Colin Naish of Cunningham Lindsey has taken up the role of president at the Insurance Institute of Cardiff.
Auto Windscreens warns of fraud
Auto Windscreens is warning insurers to be aware of a potential rise in personal injury claims after research by the Health Protection Agency found windscreen wiper water may be the cause of 20% of cases of Legionnaires’ disease in England and Wales.
North-west broker expands business
Insurance Broker LJM Partnership has moved to new premises in Bredbury, Stockport in a move that it says puts it in a position for further expansion.
Quinn loses legal battle
A Court of Appeal judgment will have major implications for insurers seeking access to confidential documents that could enable them to refuse indemnity according to law firm Browne Jacobson.
Xchanging agrees London market e-accounts deal
Business processing firm Xchanging has agreed a deal with the International Underwriting Association of London and the Lloyd’s Market Association to build an e-accounts capability for the London market.
Torus names PI manager
Torus' joint venture with Nexus Underwriting Management has entered the professional lines market with the appointment of David Robinson as professional indemnity manager.
ABI: travel claims hit all time high
Figures released today by the Association of British Insurers highlight that the cost of falling ill abroad has hit a record high, as travel insurers helped a record number of people needing emergency medical treatment while overseas.
Craig back in the ABI hotseat as Kelly departure confirmed
The Association of British Insurers has confirmed that Kerrie Kelly is stepping down from her role as director general to return to Australia for personal reasons.
Axa-owned Bluefin strikes alliance with US broker
Axa-owned Bluefin has become an inaugral member of Equity Risk Partners Global, a worldwide alliance focused exclusively on the needs of the private equity sector.
ABI: travel claims hit all time high
Figures released today by the Association of British Insurers highlight that the cost of falling ill abroad has hit a record high, as travel insurers helped a record number of people needing emergency medical treatment while overseas.
Craig back in the ABI hotseat as Kelly departure confirmed
The Association of British Insurers has confirmed that Kerrie Kelly is stepping down from her role as director general to return to Australia for personal reasons.
Axa-owned Bluefin strikes alliance with US broker
Axa-owned Bluefin has become an inaugral member of Equity Risk Partners Global, a worldwide alliance focused exclusively on the needs of the private equity sector.
DWF reports 51% hike in profits
Law firm DWF has posted a 51% increase in net profit and a 17% rise in turnover to £71.5m for its year ending April 2010.
ABI remains tight-lipped on Kelly departure
The Association of British Insurers has refused to comment on speculation that director general Kerrie Kelly is set to leave her post after just six months.
Former Chubb personal lines boss Sims in high net worth return
Former Chubb Europe personal lines manager John Sims has returned to the high net worth market as a consultant with Sterling.
KPMG unsurprised by US omission in Solvency II project
KPMG has welcomed Ceiops draft advice (Consultation Paper 81), published yesterday, on which jurisdictions’ regulatory regimes are to be considered within the first wave of Solvency II equivalence assessments.
Plummer given new role in MMA shake up
Former general insurance boss of the Chartered Insurance Institute Peter Knowles has been appointed head of UK development at MMA following a management shake-up at the French-owned insurer.