News
Hyperion courts Windsor as it takes firm steps towards flotation
The proposed acquisition of Lloyd’s broker Windsor by international broking and underwriting group Hyperion could lead to additional takeover deals in 2012, and would bolster the latter’s chances of initial public offering success, following confirmation…
Aon London HQ move will bolster City’s position
Aon’s decision to move its corporate headquarters from Chicago to London could bolster the City’s position as a major insurance capital.
Government must pass whiplash legislation quickly claim insurers
Insurers have backed calls for legislation, if something is to be done quickly about spiralling whiplash claims in the UK.
News analysis: Insurers and reinsurers must start to focus on emerging ‘peak’ risks
Natural catastrophes: Will previous ‘cold spots’ be targeted by insurers and reinsurers?
Market moves: Insurers and consultants up the pace
As the insurance sector settles into 2012 its activity in the recruitment space has gathered momentum. Insurers had a busy week, with Markel, Mitsui Sumitomo and Royal Bank of Scotland Insurance bringing in fresh faces. Brokers, meanwhile, had another…
Law report: Detrimental treatment of whistleblowers must be influenced by protected disclosure
This law report has been contributed by national law firm Berrymans Lace Mawer.
Law report: Failure to diagnose rheumatic fever contributed to stroke
This law report has been contributed by national law firm errymans Lace Mawer.
Law report: Overtaking driver held liable
This law report has been contributed by national law firm Berryman Lace Mawer.
Expert analysis: Gender confusion
European Commission guidelines provide scant clarity on what is, and isn’t, deemed ‘new’, says Mathew Rutter.
Thai cat fund given green light by regulator
The Office of Insurance Commision, Thailand’s insurance regulator, has passed a resolution to establish a 50bn baht (€1.2bn) catastrophe fund for floods, windstorms and earthquakes.
Axa report reveals mixed emotions for 2012 among SMEs
SME bosses across the UK are approaching 2012 with mixed outlooks concerning turnover, profitability and recruitment plans, according to a report published by Axa Commercial Lines.
Air bag DNA foils insurance scam
Former police detectives working for Hastings Direct have helped secure the six month conviction of a 41 year old teacher for insurance fraud.
Consultation poses questions over premium liability
A Law Commission review of the rules governing who is liable for the payment of premium to insurers could change the current dynamic between insurers and insurance brokers, according to a law firm.
Hannover Re could face €10m Costa Concordia claim
Hannover Re expects a damage claim of at least €10m from the Costa Concordia wreck, according to reports.
Markerstudy on good terms with Endsleigh despite settlement
Markerstudy continues to have an “amicable and professional relationship” with Endsleigh following a multi-million pound out of court settlement between the two firms, according to Markerstudy underwriting director Gary Humphreys.
Prime grows Leeds office
Prime Professions, has appointed Michael Eardley, a new associate director in the Leeds office.
Government cat fund for Thailand
A £1bn Thai catastrophe fund is to be set up by the local government to provide cover for households, small to medium sized enterprises and industrial factories against floods, wind storms and earthquakes.
RBSI “regret” findings of FSA investigation
In a statement issued in response to the news that the Financial Services Authority has fined the company £2.17m, RBS Insurance said that it was “disappointed” that it did not meet FSA standards.
Direct Line and Churchill hit with £2.17m FSA fine
The Financial Services Authority has imposed a £2.17m fine for failure by RBS owned Direct Line and Churchill to conduct their businesses with “due skill, care and diligence”.
Fraud unit makes further arrests
The insurance fraud police unit has made a further five arrests - less than a month since its launch.
Solvency II capital proposals bad for captives, says Fitch
The latest QIS5 Solvency II regulatory capital proposals could significantly increase the capital and compliance burden of the European captive market, according to a report by ratings agency Fitch.
Mapfre, Generali and CCR downgraded following sovereigns
A raft of European insurers including Italy-based Generali and Spanish insurer Mapfre were downgraded by Standard and Poor’s yesterday.
Questgates goes for gold with Olympics mitigation plan
Questgates is preparing for the Olympics and Paralympics with a raft of measures designed to mitigate the risk of any negative impact on its services resulting from the games.
Munich Re launches green energy risk cover
Reinsurer Munich Re has launched a new insurance product which covers the risk borne by operators that solar module output may, in the course of time, fall below the level guaranteed by a manufacturer which can no longer be held liable under its…