News
Hungary braces for highest ever flood wave
Hungary’s prime minister Viktor Orbán has warned the country to brace itself for its worst ever floods.
ABI supports FCA call for greater consumer needs focus in MLEI
The Association of British Insurers has described the Financial Conduct Authority’s thematic review into motor legal expenses insurance as a “useful reminder” that more must be done to meet the needs of the consumer.
Czech flooding could cost industry €293m
Insured damage from floods in the Czech Republic could cost 7.5bn crowns (€293m), according to the country’s insurers.
MoJ unveils CMC investigation site
Potential claimants are now able to check on the track record of claims management companies following the launch of a new Ministry of Justice website.
UIB extends Elite binding capacity deal
UIB has extended its binding capacity deal with legal firm Elite Insurance Company for a further 12 months.
Marsh executive joins Bluefin
Bluefin has appointed Sarah Hewitt as head of client services in London, where she will manage the team of corporate account executives.
Brit enters political & credit risk market
Brit has entered the political & credit risk market with the appointments of Peter Jenkins and John Lentaigne as co-heads of the new division.
Brit chairman Prettejohn joins PRA board
Brit Insurance chairman and former Lloyd’s chief executive Nick Prettejohn is joining the board of the Prudential Regulation Authority following approval by the Chancellor of the Exchequer.
Thailand's premiums up 21%
Premiums in Thailand grew 21% in the first quarter of 2013 when compared to the same period in 2012.
Peak Re CEO: Japan has been a surprise
Five months since its launch, Peak Re's CEO Franz Josef Hahn says business is going to plan and the reinsurer has been particularly well received in Japan.
Lloyd's broker Besso in Australia move
Lloyd’s broker Besso has stepped up its foray into international markets with a minority investment in Sterling Insurance in Australia.
InterGlobal expands sales team
Twenty four sales staff have been appointed or promoted by international medical insurer InterGlobal.
Charles Taylor recruited by Brit for claims services
Brit has become the first insurer to sign up for a new bespoke claims management service provided by Charles Taylor, Taylored Claims Management.
Cunningham Lindsey cuts Morse, Lansdown from liability division
Loss adjusting giant Cunningham Lindsey has made two senior members of its liability services division redundant after an efficiency drive.
Manchester Police backtrack on unsecured burglary plans
Greater Manchester Police have backtracked on comments from chief inspector Steve Macfarlane that the force will automatically inform insurers where burglaries occur at unsecured properties.
UK General commercial plans boosted by ex-RSA director appointment
UK General has appointed former long-term RSA director Ian Barker as its new commercial technical director in a bid to strengthen its underwriting and portfolio management capabilities.
McGavick replaces von Bomhard as Geneva Association chairman
Michael McGavick, the chief executive of XL Group, has been elected chairman of international insurance think tank The Geneva Association.
Dutch policyholders had EHIC rejected
Dutch policyholders have had their European Health Insurance Card's refused in Spanish hospitals, The Royal Dutch Touring Club ANWB has confirmed.
Money Supermarket entrepreneur to sell 18.5% of his stake
Simon Nixon, co-founder of price comparison website Money Supermarket, is to net £200m after selling 18.5% of his stake in the business.
BBC Watchdog criticises insurers for ‘aggressive tactics’
Insurers have come under fire from BBC Watchdog for not paying claims.
Giles Insurance Brokers reports £2.25m loss
Giles Insurance Brokers has reported a £2.25m loss for the year to 31 August in 2012 compared to a profit of £998 000 in the previous year.
Insured flood losses likely to be below 2002 level
The macroeconomic losses from the floods in central Europe are likely to far exceed the insured losses, Munich Re’s chief executive Niclaus von Bomhard said.
Study suggests majority of Bangladeshi factories vulnerable
A survey by the Bangladesh University of Engineering and Technology suggests around 60% of garment factories in Bangladesh are vulnerable to collapse.
Ex-Axa director joins Hiscox Europe board
Hiscox has appointed former Axa director Florence Tondu-Melique as its new European chief operating officer.