News
Lobby group challenges Quinn sale
A local lobby group has planned a last-ditched attempt to challenge the planned takeover of Quinn Insurance by Anglo Irish Bank and Liberty Mutual, according to the Irish Independent.
Jelf secures CII Chartered Status
Jelf Insurance Brokers has been awarded Chartered Status by the Chartered Insurance Institute.
Catlin named entrepreneur of the year
Catlin Group chief executive Stephen Catlin has scooped Ernst & Young's 2011 ‘UK Entrepreneur of the Year’ award.
Clear names Brent Escott as NED
Independent broker Clear Insurance Management has appointed Brent Escott as a non-executive director as part of the firm’s strategy to double its premium income to £50m by 2014.
Ferma 2011: VRS Vericlaim aims to double in next five years
UK loss adjusting firm VRS Vericlaim, part of the European VRS Network, has revealed plans to double in size in the next five years.
20% of holidaymakers travel without insurance
One in five UK holidaymakers go abroad without travel insurance, according to Abta.
Salvation Army insurance chooses Websure
The Salvation Army General Insurance Corporation has chosen Websure as its preferred insurance software supplier.
AA teams up with Bollington in commercial push
AA Insurance has expanded its commercial insurance offering through an exclusive arrangement with Bollington.
XL launches products for life science industry
The insurance segment of XL Group has developed a new suite of insurance solutions to respond to the evolving needs of the life science industry.
FSA set to announce Solvency II deadline decision "soon"
The Financial Services Authority has said it is to announce the deadline for implementing Solvency II “soon”.
RSA launches Global Specialty Lines
RSA is launching Global Specialty Lines, a division dedicated to its specialist departments: Risk Solutions, Construction and Engineering, Marine and Renewable Energy. The new specialty unit will be open for business on Tuesday 4th October 2011.
Meditel subject to MBO
Meditel is now operating as an independent organisation from a new establishment in Gouda following a management buy-out on 1 October.
RSA creates new specialty division
Global insurer RSA has combined its large, risk managed and specialist businesses across the globe to create a global specialty lines division.
Jelf Professions appoints new PI team
Jelf Professions, the professional indemnity division of Jelf Insurance Brokers, has appointed three new members to form a professional indemnity team, to specialise in the affinities market, based out of the company’s Manchester office.
Aviva tones down Downton Abbey ads
Aviva has bowed to public pressure and toned down its Downtown Abbey motorcycle crash victim ads.
Fitch downgrades French life sector
Fitch has revised its rating outlook for the French life sector to negative from stable, indicating that it believes a significant portion of life ratings could be downgraded over the next 12 to 24 months.
Axis looks to Willis for accident boss
Axis Global Accident & Health has poached Willis executive director for accident and health, Jamie Cañellas, to be senior vice president and business development manager of its international operations.
Insurers prepare for next solvency step before Solvency 2 is even implemented
While insurers continue to prepare themselves for the implementation of Solvency II in January 2013, many in the market are already anticipating the next regulatory regime change.
FSCS funding back under the spotlight
The Financial Services Authority is restarting its review into the funding of the Financial Services Compensation Scheme.
BIS panelists say arbitrage is inevitable under Solvency II
Arbitrage between different regulators is likely under Solvency II, according to panelists at Post’s Business Insurance Summit last week.
Travelers enters plastics industry market
Travelers has launched an insurance product at the plastics industry as part of its strategy to broaden its offering.
QBE names national boss
Specialist business insurer QBE has appointed Elliot Miller as national general manager.
Ferma 2011: Insurers embrace risk management
Julia Graham, vice president of Ferma, has praised insurers for embracing risk management education.
LMI set to open Leeds office
Liberty Mutual Insurance is set to open a new office in Leeds and has also announced a number of new appointments to support growth in this sector.