News
Insurers accused of shirking duty as MoJ faces calls for NIHL claims shake-up
Industry calls for the Ministry of Justice to introduce a fixed-fee regime and expand the existing Claims Portal to include industrial deafness claims have been met with staunch opposition by the claimant legal fraternity.
Lure of Liechtenstein questioned as reports of insurer interest surface
The Liechtenstein financial regulator has flagged an uptick in insurance companies looking to establish a presence in the principality despite analyst scepticism about the benefit of the territory as an outpost for UK insurers.
Hurricane season expected to be 'below average' this year
The 2015 Atlantic hurricane season is projected to be below average, although “impactful landfalls” remain a possibility, according to Guy Carpenter & Company.
Regulator suspends large Bangladesh insurer
Standard Insurance's licence has been suspended for three months by the Bangladesh Insurance Development and Regulatory Authority.
Credit hire zero excesses appeal defended by DAC Beachcroft
DAC Beachcroft has successfully defended an appeal by credit hire organisation On Hire relating to the recovery of credit hire rates where replacement vehicles with zero excesses are hired.
Fosun makes first Israel insurance purchase
Chinese conglomerate Fosun has made its third purchase in Israel and its first in insurance in the country.
Cyber attack on Polish airline grounds 1400
Polish airline LOT was forced to delay flights for five hours last Sunday (21 June) after a cyber attack on its ground operations systems.
Zurich hires for COO role in Australia
Zurich Australia has hired from bank ANZ to replace outgoing chief operating officer Shaun Feely.
RSA to appeal Philip Smith's constructive dismissal verdict
RSA has vowed to appeal the Employment Appeal Tribunal's decision in Dublin to award former Ireland CEO Philip Smith €1.25m (£900,000) in constructive dismissal damages.
Delegated authority criticism sparks uptick in CII exam applicants
The Chartered Insurance Institute believes criticism of delegated authority arrangements by the Financial Conduct Authority is behind a spike in interest from the market for its specialist examination.
Risk appetite and tolerance statements move up insurers' ERM agendas
Risk appetite and risk tolerance statements have become more important to more insurers in relation to their enterprise risk management programmes with the latest Towers Watson research reporting a 15 percentage point increase compared to its 2012 survey…
Video: Ryan Direct Group Derek Coles
Ryan Direct Group CEO Derek Coles marks his company’s 25th anniversary.
Bluefin COO Philip departs
Bluefin has confirmed the exit of its chief operating operator Tim Philip after holding the role for two years.
John O’Roarke teases details about post-LV career
He was once a top dog at Churchill. For the last eight years he has been behind one of the hottest success stories in insurance with LV.
Alton Towers victims receive insurance payouts for rehab
Insurers have started paying out to the victims of the Alton Towers rollercoaster crash.
R&Q boss confident for the future despite 'challenging' 2014
Randall & Quilter chairman and CEO Ken Randall is expecting a “much improved” 2015 after bemoaning a “challenging year” in which financial performance was hampered by lower than anticipated investment income and a disappointing trading performance in the…
New Zealand's Wanganui hit by worst flood on record
After torrential rain North Island has seen some dramatic weekend flooding which has caused huge damage and hundreds of insurance claims.
Wilkinson becomes Markel's Singapore claims director
Chay Wilkinson is leaving loss adjuster Triton where he is regional director, Asia-Pacific to become Markel's Singapore claims director.
O'Sullivan joins Axis in Australia
Industry veteran Denis O'Sullivan has joined Axis Specialty Australia as senior property underwriter.
Video: ABI Huw Evans
Association of British Insurers director general Huw Evans tells Post senior reporter Katie Marriner what general insurance issue is top of his agenda.
JLT Re looks to Asia-Pacific division for global COO hire
JLT Re has appointed its Asia-Pacific region chief operating officer Craig Brokenshire as global COO.
Brokers urged to up SME business travel offering
Brokers are being encouraged to consider business travel insurance as part of their SME proposition after Ageas research found 18% of SME firms that travel for business do not have such cover in place.
Aon Benfield publishes Lloyd's Update report
Aon Benfield has launched the latest issue of its Lloyd's Update report, which assesses the financial performance of the Lloyd's market in 2014.
Helvetia completes sale of Belgian travel portfolio
Helvetia has completed the sale of the travel insurance portfolio of its Belgian subsidiary L'Européenne to Mapfre Asistencia.