News
CEA: QIS5 reveals sector strength
The results of the fifth "and last" comprehensive quantitative impact study into the effects of the forthcoming EU regulatory regime, Solvency II have been published.
Macmillan Sheikh launches first scheme for security industry
The scheme will be administered by Macmillan Sheikh under a delegated authority binder agreement and has been developed with A-rated capacity from specialty insurer Inter Hannover.
Japan earthquake insured losses could top $35bn
The insured property losses caused by the devastating earthquake which struck Japan could reach $35bn (£21.7bn), catastrophe modelling firm Air Worldwide has warned.
BI presents "wildcard" among Japanese quake losses
Major insurance and reinsurance losses both in Japan and globally following last Friday's huge earthquake in Japan will cause negative credit implications for the two sectors, according to Moodys.
Commercial insurance "crisis looming"
The Association of Insurance and Risk Managers has welcomed today’s Mactavish / PwC report, which it claims has “lifted the lid” on a “potential crisis” looming in the UK commercial insurance market.
CFC launches medical device cover
CFC Underwriting has launched a product designed to provide comprehensive cover for medical device companies.
Commercial cover “not fit for purpose”
Research firm Mactavish has warned that commercial insurance is currently “not fit for purpose” and could lead to a rise in claims disputes.
Apil calls on insurers to take action on fraud
The Association of Personal Injury Lawyers has urged the insurance industry to drive forward the recommendations outlined in the Transport Select Committee report.
Crawford acquires Claim Hub
Crawford & Company has acquired the assets of Claim Hub, a provider of claims workflow solutions for the property and casualty insurance market.
Exclusive gender-ruling content now available on Post Europe
Post Europe’s weekly update is now live with three different opinions from the insurance industry on last week’s gender-ruling from the European Court of Justice.
ABI launches SII modelling guidelines
The Association of British Insurers has published guidelines to help insurers understand the Solvency II internal model approval process.
ABI launches SII modelling guidelines
The Association of British Insurers has published guidelines to help insurers understand the Solvency II internal model approval process.
Charity backs transport committee recommendations
Brake has backed the Transport Select Committee recommendations to introduce a more rigorous test for young drivers.
Tawa completes acquisition
Tawa has acquired 100% of the issued shares of Oslo Reinsurance Company (UK).
Tawa completes acquisition
Tawa has acquired 100% of the issued shares of Oslo Reinsurance Company (UK).
Aon Benfield: Japan earthquake seventh strongest ever recorded
Aon Benfield has released a cat alert for the devastating 8.9 magnitude earthquake with an epicenter 80 miles east of Sendai, Japan.
Allianz “dismayed” at transport committee Jackson snub
Allianz Insurance has criticised the Transport Select Committee Report for not calling for a full implementation of Lord Justice Jackson’s review of civil litigation costs.
$10bn insured loss estimated from Japan quake
The Japanese earthquake could cost the insurance industry $10bn (£6.25bn) but it is not likely to cause rates to harden across the market.
Lloyd's: Too early to assess Japan losses
Lloyd's has said it is "far too early" to assess the business impact of the natural disasters to hit Japan over the last 24 hours.
Jubilee appoints senior A&H underwriter
Lloyd’s insurer Jubilee has appointed Neil Tayler as accident & health underwriter at Jubilee Syndicate 5820.
Biba welcomes motor cost report
The British Insurance Brokers’ Association (Biba) has welcomed the Transport Select Committee’s report into the cost of motor insurance.
Caribbean risk pool appoints Guy Carpenter
Guy Carpenter has replaced Aon Benfield as the placing broker for the Caribbean Catastrophe Risk Insurance Facility.
Towers Watson criticises motor insurance report
Towers Watson has criticised the House of Commons’ transport select committee report into the cost of motor insurance for falling short of endorsing the recommendations in Lord Justice Jackson’s review of civil litigation costs.
Kane acquires HSBC business for $27.5m
Risk and insurance management services Kane has signed an agreement to acquire the insurance management operations of HSBC.