News
Taiwan allows insurers to invest in foreign stocks
Taiwan has passed a regulation allowing insurance firms to invest in overseas stocks, provided they meet certain risk-based capital criteria.
Axa warns of Easter accidents claims peak
Axa Personal Lines has warned of costly DIY accidents over the double Bank Holiday weekend, warning that claims peak on Easter Monday.
Paperwork delays payment of Thai flood claims
Japanese firms waiting for claims payment following the flooding in Thailand face delays owing to the volume of paperwork for insurance companies.
JLT appoints Steve Exwood as Nottingham partner
JLT Specialty has boosted its Nottingham risk practice team with the appointment of new partner - and former Towergate employee - Steve Exwood.
Aspen hires chief underwriter for northern region
Aspen Risk Management has appointed Steve Cheshire as head of underwriting for its business in the north of England.
IUA attacks late claims payment penalties
Proposed legal reforms that allow unlimited damages to compensate for delayed claims payments will drive up legal costs and raise insurance premiums, the International Underwriting Association has warned.
Marsh hires Charnaud for chairman role
Marsh has appointed Edwin Charnaud as chairman of its global infrastructure practice.
Hastings reports profit up 63%
Hastings Insurance Group has announced its first calendar year consolidated results, showing pre-tax profit up 63% to £31m (2010: £19m).
MENA insurance market needs less fragmentation
The future of the Middle East and North Africa insurance market remains bright, but local insurance companies must transition from fragmented companies to become national champions, according to a survey.
Quindell ups stake in Ai Claims in takeover
Quindell Portfolio has bought a further 47.7% of Ai Claims Solutions for £3.1m, taking its holding above 77%, and has made a cash offer with share alternative for the rest of the business.
Perils updates database and adds floods
Zurich-based European catastrophe insurance data firm Perils has updated its Europe Industry Exposure Database of market-wide property sums insured for European windstorm.
DWF and Buller Jeffries set for May merger
DWF and Buller Jeffries have today become the latest in a line of insurance specialist law firms to announce their merger. The firms revealed that they will join forces on 1 May 2012, when Buller Jeffries will be formally incorporated into DWF.
Sony warehouse fire not caused by rioters, police say
Insurers' claims for the Sony warehouse building burnt down during the riots was rejected because it was not caused by people "riotously and tumultuously assembled", the police have said.
A&A adopts Claim Witness telematics system
Non-standard motor broker A&A Group is to adopt a new telematics system launched by Claim Witness Systems, which is backed by experienced insurance industry figures, such as Mark Boleat.
QBE hires Bocca for trade credit role
QBE Trade Credit has appointed Ian Bocca as manager of new business development UK with effect from 1 May.
Solvency II amendments poll
Are the Solvency II amendments enough?
Insurers better than most at tackling fraud
The insurance industry's £2.1bn of fraud is the biggest slice of the financial services sector's £3.5bn total and more than twice the size of its nearest rival mortgage fraud (£1bn), according to the government's National Fraud Authority.
Five shortlisted for Claims Awards Rising Star gong
Post can today exclusively reveal the shortlist for the Claims Awards Rising Star category.
Ecclesiastical targets rapid growth in Ireland
Specialist faith insurer Ecclesiastical plans to treble the size of its Irish business over the next five years, according to a report in the Irish Times.
Allianz develops telematics strategy
Allianz is gearing up to deliver telematics-based motor products as it looks to recruit a telematics team.
Axa and CII team up on underwriting academy
Axa Commercial Lines has launched an underwriting academy in partnership with the Chartered Insurance Institute.
Mapfre begins assistance operations in Malta
Spanish insurer launches Maltese subsidiary of Mapfre Assistencia.
QBE appoints Bocca as UK trade credit manager
Business specialist QBE has appointed Ian Bocca to join QBE Trade Credit as manager, new business development UK, effective from 1 May.
Co-op Insurance creates new telematics role
Co-operative Insurance has created a new role on its product team to develop its Young Driver motor insurance proposition.