News
SII interim measures could bring costs without benefits, warns Insurance Europe
Insurance Europe has raised concerns about the impact of interim measures in the wake of Solvency II delays, in a letter to the head of the European Insurance and Occupational Pensions Authority.
Hurst-Bannister expands Xchanging role
Former London Market Group and Travelers chairman Barnabas Hurst-Bannister has been given an expanded role at technology provider Xchanging.
Lockton expands Manchester wholesale team
Lockton has boosted its Manchester-based Lloyd's London market wholesale unit with the appointment of Greg Sands an experienced as business development executive.
Westinsure boss Erwin mulling over appeal on 20% tax ruling
Westinure is considering an appeal against a ruling upheld by the First-tier Tribunal stating that broker networks that provide better deals via larger insurers must charge members full UK VAT at 20%.
PZU sees net profit rise 40%
PZU posted a 40% rise in net profit to 3.26bn zlotys for 2012, slightly below the 3.46bn forecast by analysts, Reuters reported this morning.
ABI demands accredited whiplash examinations
Whiplash injuries would be assessed by an accredited medical expert under new proposals published by the Association of British Insurers.
Prudential gained 1m more Asian customers in 2012
On the release of its 2012 results, insurer Prudential revealed that it had added over 1m customers across Asia in 2012.
Cross-border acquisitions drive demand for transactional risk insurance
Global demand for transactional risk insurance grew by 41% last year as firms turned to insurance to protect large deals and cross-border acquisitions and sales, according to Marsh.
Lancashire names Redhead as capital management boss
Bermuda-based insurer and reinsurer Lancashire Holdings has named Darren Redhead as head of it’s capital management division.
RBS to reduce DLG stake to 49%
Royal Bank of Scotland is to place a second tranche of Direct Line Group shares on the stock market via an accelerated book build.
Insurance Insight launches Claims Club Asia
Post's sister title Insurance Insight has launched the Claims Club Asia to support claims professionals across Asia.
China cautious over financial super-regulator
Chinese officials have yet to decide whether to create a new regulator overseeing the insurance, banking and securities sectors.
Top five Asian news stories
The top five Asian news stories from www.insuranceinsight.com over the past seven days.
PZU linked with Poland's EMC
Polish insurer PZU has been touted as a possible suitor for Polish hospital group EMC Instytut Medyczny.
FSA to ask for disclosure of claims data
The Financial Services Authority has published a discussion paper into transparency and effective disclosure as tools to improve accountability and build consumers’ trust.
FTT ruling triggers 20% tax implications for brokers
Networks that enable broker members to gain access to better terms with larger insurers must charge full UK VAT at 20%, the First-tier Tribunal ruled yesterday.
FSA to review insurers’ use of private investigators
The Financial Services Authority has confirmed it has started a review into the use of private investigators by insurance firms.
Axa sees PMI membership rise in 2012
Axa grew its private medical insurance membership base by 11% in 2012.
McManus charged with driving forward business as Giles takes up US role
Giles Insurance executive chairman Chris Giles is to become non-executive directive of Expectrum, the holding company of Giles Insurance and Ink Underwriting.
Insurance Insight launches Claims Club Asia
Insurance Insight has launched the Claims Club Asia to support claims professionals across Asia.
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.
Markel raids QBE for professional and financial risks MD
James Hastings has been appointed managing director of Markel’s professional and financial risks division.
HIB reaps rewards of Acturis IT tie up
Independent firm Henderson Insurance Brokers has reported business benefits including higher volumes of e-traded business and improved internal efficiencies, after going live on the Acturis system.
Chartis Hong Kong rebrands
Chartis Hong Kong has rebranded to AIG Hong Kong in line with other rebrands across the global insurer.