News
Allianz outlines Swiss disposal plan
Allianz Suisse has agreed to sell its subsidiaries Alba Allgemeine Versicherungs-Gesellschaft AG, Phenix Versicherungsgesellschaft AG and Phenix Lebensversicherungsgesellschaft AG to the Helvetia Group.
Pegasystems introduces new claims solution
Pegasystems has announced a new insurance claims solution that it said will “revolutionise” the way insurer’s process claims and deploy claims management functionality across operations.
Accident Exchange recovers hire charges
Credit hire organisation Accident Exchange has recovered full hire charges in one of thousands of outstanding court cases concerning allegedly dishonest rate evidence supplied by research firm Autofocus.
Munters takeover moves step closer
Disaster restoration specialist Munters Group is poised to be taken over after its two major shareholders agreed an offer from Alfa Laval AB is "not unfair".
BIS 2010: Fraud 'too easy' at application
The public and private sectors could work together to tackle fraud at the point of application.
Kennedys to open Miami office
Insurance commercial litigation law firm Kennedys is set to open an office in Miami.
Allianz advises brokers on government energy scheme
Allianz Engineering said it is reminding brokers of the deadline for businesses to sign up to a government-backed climate change and energy-saving scheme.
NPA completes Noyce Livett acquisition
NPA Insurance Broking Group has acquired Aylesbury-based intermediary Noyce Livett.
Fortis agrees £59m Tesco Bank travel deal
Fortis UK has signed a five-year deal with Tesco Bank to provide underwriting, claims management and sales and service support to Tesco Bank’s travel insurance customers, worth £59m in gross written premium.
Hiscox enters classic car partnership
US-based classic car broker Hagerty International has signed a deal with Hiscox which will see the insurer provide capacity for its UK classic car insurance products.
Willis appoints regional specialist in Latin America
Willis Group Holdings has confirmed the appointment of Edward Fyfe as regional specialist leader for Latin America.
BIS 2010: IUA vows technology will not change market culture
The International Underwriting Association has pledged to preserve the culture of the London market in the face of modernisation.
BIS 2010: Rates to harden under SII
The implementation of Solvency II could lead to the return of a hard market, according to John Neal, chief underwriting officer, QBE European Operations.
BIS 2010: Making the most of multi-channel distribution
The LV brand will not cross over into the fledgling direct insurance SME space, according to LV Broker managing director Phil Bunker.
BIS 2010: Quality people needed to drive innovation
Steve Lewis, UK chief executive general insurance at Zurich, said the insurance industry needs to sell itself better and attract quality individuals in order to be innovative.
BIS 2010: RBS staff crucial to recovery
Royal Bank of Scotland has hailed its new approach to staffing as a key factor in its continuing recovery.
BIS 2010: Insurance must shake off “grey and old” tag
The insurance industry must overcome perceptions of being “boring, difficult to deal with and overly complex” in order to attract a new generation of talent, according to CII president Chris Hanks.
Monte Carlo preview - Destination: Monaco
Reinsurers viewing customers as commodities - Barbican.
BIS 2010: SME insurers will "struggle" under Solvency II
Large diverse European insurers such as Generali, Axa, and Allianz should be the "big winners" under Solvency II, an ABI director has predicted.
News analysis: H1 reinsurer results slump
Bermudan reinsurers recorded huge drops in profits following heavy claims from the catastrophes experienced in the first half of the year, though elsewhere some reinsurers fared better, writes Katherine Blackler.
Aon's contingent commissions alarming for industry - Willis
Willis has claimed that Aon's announcement of its resumption of accepting contingent commissions "where appropriate and legally permissible" is a wake-up call to insurance buyers.
GC files against Lockton Re
Guy Carpenter has filed a suit in a bid to recoup brokerage fees after clients followed an employee to Lockton Re. The action follows disputed brokerage fees for placing reinsurance coverage.
BIS 2010: Actuaries can "charge what they want"
The Actuarial profession is undergoing a "Y2K moment" as the demand for skills increase under looming regulatory proposals, WNS Global has said.
Neal Bill opposition grows
Opposition to the bill proposed in the US congress by senator Richard Neal has continued to grow this month, with the CEA and German government both voicing opposition.