News
Biba calls for appropriate, proportionate and cost effective regulation
Eric Galbraith, British Insurance Brokers' Association chief executive, said the organisation is pleased its concerns over splitting the regulation for the sector have been taken on board, and that insurance intermediaries appear to be falling under the…
UIB appoints IT head to lead innovation
Insurance broker UIB has appointed Paul Chalk as divisional director for IT with immediate effect.
One Claims wins Novae deal
One Claims, the personal accident and travel claims management division of One Group, has secured a contract to handle claims on behalf Novae Group’s Syndicate 2007 at Lloyd’s.
Williams leaves Tesco Compare
Debra Williams has stepped down from her role as chief executive of Tesco Compare, Post has revealed.
Personal injury disputes jump 32% in two years
The number of personal injury claims continues to surge despite reforms to regulate claims handling companies, according to statistics obtained by Sweet & Maxwell.
Lloyd's team heads to Chile
Lloyd’s has sent a team to Chile to help the market better understand the impact of February’s earthquake and assist in ensuring the speedy payment of valid claims.
FSA break-up: What's your view?
The Chancellor of the Exchequer has sounded the death knell for the Financial Services Authority.
Aviva revamps commercial policies
Aviva has relaunched its commercial policy documentation in a bid to extend the cover and make it more broker and customer-friendly.
Equity World Cup competition - week two: Still fancy England’s chances?
Having now seen England in action against the USA in the 2010 World Cup, Post Magazine asked a broker and insurer for their views on the national team’s chances in the tournament.
Allianz warns of fit note fraud
Allianz Legal Protection is warning employers to be on the look-out for bogus GP fit notes.
The proposal to give Bank of England overall control "makes sense"
This is according to Mathew Rutter, financial services partner at Beachcroft.
Reinsurer capital up 8% - Aon Benfield
Aon Benfield Aggregate (ABA) report from Aon Benfield Research team estimates that global reinsurer capital increased by 8% to $434bn, surpassing the record levels set in 2007 before the global financial crisis occurred.
Rapid insurance sector growth and Solvency II concerns prompt launch of Gibraltar’s first specialist actuarial consultancy
Mazars Actuaries and Consultants, the UK-based actuarial arm of international accountancy firm Mazars, has opened an office in Gibraltar. The new venture will be led by director Paul Tysoe, a member of the territory’s insurance sector.
Six join broker network ranks
International broker network Brokers Link has added six new international specialised service providers to its membership.
Scrapping the FSA is the right decision for banks but the case is not made for insurers
This is according to Bruno Geiringer, a partner in the insurance group at law firm Pinsent Masons.
US targets two insurers, banks, shipping and energy sector in new Iran sanctions
The US Treasury on Wednesday blacklisted more companies – putting them off limits to US businesses - including two insurers.
ABI warns government against adding to burden of costs
The Association of British Insurers has said that it is "open minded" to regulatory changes to the financial services sector.
Argo International appoints class underwriter to lead accident & health team
Argo International, the specialist Lloyd’s insurer and subsidiary of Argo Group International Holdings, has announced the appointment of John Moffatt as Class Underwriter to lead its growing Accident and Health business.
SEC ends probe of AIG and executives
US regulators have closed an investigation of AIG and some of its executives over the insurer's near collapse in 2008 that led to a $182bn government bailout, according to newswire Reuters.
Six join broker network ranks
International broker network Brokers Link has added six new international specialised service providers to its membership.
Julian Millar joins QBE
QBE has confirmed the appointment of Julian Millar as head of claims in its property division.
Willis Re opens Toronto office
Reinsurance broker appoints Robert M. Wildbore as office head for the fourth Canadian office.
Sants to head transition to new financial regulatory body
Hector Sants has agreed to remain as chief executive of the Financial Services Authority and to lead the transition and the creation of a new prudential authority.
Chancellor outlines future of financial regulation
The Chancellor of the Exchequer has outlined the government’s intention to hand over regulatory control of the financial services sector to the Bank of England.