News
Solvency II will be delayed because of 'lack of urgency'
The head of insurance at actuarial firm Barnett Waddingham has said Solvency II will be delayed because other European countries do not have the “same sense of urgency” as the UK.
Towergate acquires Kent broker
Towergate Insurance has acquired BWA Insurance Services trading as Beric Webb Associates.
Solvency II will be delayed because of 'lack of urgency'
The head of insurance at actuarial firm Barnett Waddingham has said Solvency II will be delayed because other European countries do not have the “same sense of urgency” as the UK.
FSCS announces board appointments
The Financial Services Authority has appointed Liz Barclay, Jayne Nickalls and David Weymouth as non-executive directors to the board of the Financial Services Compensation Scheme.
Motor insurers pay out £1.24 for every £1 premium earned
One in four UK third-party motor claims now involves a bodily injury element according to Towers Watson.
Solvency II: delays and uncertainty
The latest draft of Omnibus II "seems to confirm" the delay to Solvency II, pushing the go-live date back to 1 January 2014, according to KPMG.
Solvency II: delays and uncertainty
The latest draft of Omnibus II "seems to confirm" the delay to Solvency II, pushing the go-live date back to 1 January 2014, according to KPMG.
Risk management software aids Solvency II compliance
Risk management software from IBM is being used to improve the management of operational risk and support the requirements of Solvency II at an employee benefits firm.
Solvency II to transform insurers’ allocation of assets, says Fitch
Solvency II will alter how insurers allocate their assets, leading to shifts in demand and pricing for several asset classes, according to Fitch Ratings.
Risk management software aids Solvency II compliance
Risk management software from IBM is being used to improve the management of operational risk and support the requirements of Solvency II at an employee benefits firm.
Multi-brand strategy moves a step closer at Aviva
Next month’s launch of an internet-only brand by Aviva could prove the first of many, according to UK general insurance CEO David McMillan, as the insurance giant remains optimistic of retaining a significant proportion of RAC’s 300 000 motor insurance…
Solvency II to transform insurers’ allocation of assets, says Fitch
Solvency II will alter how insurers allocate their assets, leading to shifts in demand and pricing for several asset classes, according to Fitch Ratings.
RSA aims for "brilliant" service with new appointment
RSA has appointed Mark Wright as UK customer and brilliant service director.
Endsleigh warns leisure trusts to check their policies
Endsleigh has warned leisure trusts could be liable should a customer injure themselves on a piece of faulty gym equipment.
Aviva sells RAC to Carlyle Group for £1bn
Aviva has announced plans to sell The RAC to Carlyle Group for £1bn.
Disgraced coverholder boss faces FSA fitness probe
The chief executive and director of a Financial Services Authority-approved coverholder faces having his status as a 'fit and proper' person investigated by the regulator, after admitting to child sex offences at Canterbury Crown Court.
Green Insurance plants one millionth tree
Scotland's Environment and Climate Change Minister Stewart Stevenson planted a sapling Rowan tree to commemorate one million trees planted by The Green Insurance Company as part of a carbon offsetting scheme.
Broker Assistance wins motor claims management deal
Alan & Thomas Insurance Group has appointed Broker Assistance to manage the claims for its entire motor portfolio.
Cornish wins costs case against RSA
Cornish Mutual has successfully challenged a subrogated repair cost dispute with RSA.
JLT set to target economies emerging from conflict
JLT is set to launch a product suite aimed at companies that want to expand into economies emerging from periods of military conflict.
North of the Border: review of expenses and funding of civil litigation in Scotland
Following the Jackson review of costs in England and Wales, the Scottish government has launched its own review of expenses and funding of civil litigation north of the border. This review was one of the measures recommended by Lord Gill's Report of the…
Scepticism over future of regulation
Law firms have reacted with scepticism to the Financial Services Authority's paper on the future of regulation for insurers. This week the regulator released a joint paper with the Bank of England, outlining how the Prudential Regulation Authority — the…
Bluefin applies for chartered status
Bluefin Group has applied for professional status with the Chartered Insurance Institute, in anticipation of it becoming a "basic requirement" from clients.
Towergate reshuffle sees three senior appointments
Towergate has made three senior internal appointments within its underwriting business following the departures of Simon Read and Scott Banks for Gallagher.