News
Tasmania bushfire losses could top AUS$49m
Losses from bushfires that have ravaged Tasmania in the past few days are expected to be around AUS$49m (€39m).
Data protection rules must accommodate insurers says Insurance Europe
The European Commission's proposed new data regulation could have unintended negative consequences for insurers and consumers, Insurance Europe has warned.
Drive-by attacks top cyber threat list
Drive-by exploits are the top threat facing web users today, according to the European Union's cyber security agency ENISA.
Lord Younger to steer ERR Bill following parliamentary appointment
Lord Younger has today been appointed Parliamentary Under-Secretary of State at the Department for Business Innovation and Skills by the Prime Minister.
Swiftcover remains core to strategy, claims Axa PL boss
Axa has thrown cold water on speculation that it is preparing to dump the Swiftcover brand, following an exodus of company founders and former executives.
Giles sets sights on £145m GWP for network start-up within two years
The newly installed managing director of Giles' networks and London market businesses has outlined his far-reaching plans to add hundreds of millions of pounds in gross written premium to the firm's books within the next two years.
UK motor insurers exit "bloodiest" renewals period amid PPO concerns
The UK motor insurance market has witnessed the close of a testing reinsurance renewals season driven by wrangling over excess-of-loss cover and periodic payment orders, with reinsurers keen to limit their liability.
First Title gets second Law Society endorsement
Legal indemnity provider First Title Insurance has been formally backed by the Law Society for the second consecutive year.
BGL adds new director with Tesco recruit
BGL Group partnership business Junction has recruited David Knowles from Tesco for the newly created role of IT and change director.
Allianz scholarship programme enters second year
Allianz Commercial's scholarship programme aimed at supporting broking staff in achieving a Chartered Insurance Institute diploma will open for applications on 14 January.
PWC names UK insurance lead
PWC has named Jonathan Howe as its new UK insurance leader, effective immediately.
Integer.pl Group to enter Polish insurance market
Polish courier firm Integer.pl Group has joined up with RSA subsidiary LINK4 to sell insurance products via its postal network throughout the country.
Ex-Castle Cover boss Marchington launches new broker
Andrew Marchington, the founder and former managing director of Castle Cover, has launched a broker specialising in the mid to high net worth and non-standard home insurance markets.
Policyholders overlook legal expenses insurance
Policyholders are choosing not to buy legal expenses insurance when purchasing policies on aggregators, according to DAS.
Eurozone insurers' assets reached €5,896bn in Q3
The total financial assets of euro area insurance corporations and pension funds increased to €7,500bn in the third quarter of 2012, up from €7,296bn in the previous quarter, statistics published by the European Central Bank showed.
Lifestyle Services fraud boss joins Cifas
Fraud prevention service Cifas has appointed the head of fraud investigations at mobile phone insurance provider Lifestyle Services Group as chairman of its insurance sector working party.
AIG considers joining bailout lawsuit against US government
American International Group, the insurer rescued by the US government in 2008, has come in for stinging criticism after claiming that it is considering joining a lawsuit which states that the bailout conditions were "exorbitant".
Last Delta Lloyd shares earn Aviva £350m
Aviva has priced its remaining stake in Benelux insurer Delta Lloyd at €12.65 per share, which would amount to gross cash proceeds of £353m.
Watchdog bans PPI radio advert for using scare tactics
A radio advert by claims management firm Payment Protection Partnership has been banned after being accused of using scare tactics implying that consumers are almost out of time to reclaim mis-sold payment protection insurance premiums.
QBE appoints Asia-Pacific chief
Australian insurer QBE has appointed David Fried as its new chief executive for Asia-Pacific.
Asia reinsurer launches with $550m of capital
Hong Kong-based reinsurer Peak Re is trying to remedy what it describes as an "appalling" amount of underinsurance across the Asia Pacific region.
Mass chairman responds to Dispatches motor insurer claims
Motor Accident Solicitors Society chairman Craig Budsworth has suggested that the Competition Commission looks into whether insurers are authorising motor repairs to be done to unequal standards depending on whether they are at fault or not.
Aviva to offload remaining Delta Lloyd stake
Aviva is seeking buyers for its remaining shares in Benelux insurer Delta Lloyd.
Aviva looks to sell remaining Delta Lloyd stake to increase liquidity
Aviva has today announced it intends to sell the remainder of its shareholding in Delta Lloyd NV.