News
Marsh restructures to better serve large corporates
Marsh said today that plans to merge several business units “to further focus on meeting the evolving needs of its largest clients worldwide”.
Claims Awards 2013: Do not miss out, start your entry today
There is just under two weeks to go until the deadline for the 2013 Claims Awards (Friday 1 March), so do not waste any time if you want to be considered for these prestigious accolades.
Clements grows European footprint with Italsure acquisition
Insurance service provider Clements Worldwide has acquired UK-based expat insurer Italsure.
Crash for cash killers to serve 32-year jail-term as "stark warning"
The legal team appointed by the insurer of a female motorist who became the UK’s first crash for cash fatality is hopeful that the lengthy custodial sentence handed down to those responsible will serve as a “stark warning”.
AIG acquires remaining stake in Israeli JV
American International Group has reached an agreement with Aurec Gold Investments to acquire the remaining 49.99% interest in AIG Israel Insurance Company.
Willis COO Ghezzi departs in cuts programme
Willis chief operating officer Gioia Ghezzi is to leave the firm as part of plans to cut 200 jobs across the business.
Russian meteor damaged "more than 3,000 homes"
A meteor that exploded over the city of Chelyabinsk in Russia's central Ural Mountains on Friday 15 February injured hundreds and damaged to buildings in six cities.
A G Doré launches A&H portfolio
Lloyd’s A G Doré & Others Syndicate 2526 has launched a new portfolio focusing on accident and health cover.
'Fully-valued' RSA on course for 95% COR
A poor claims experience on RSA's Motability book will see the insurer pushing for "significant rate increases" as it renegotiates the three-year contract this year.
Laspo and new MoJ consultation to create litigation funding gap
Claimants without legal expenses insurance will face significant deductions from damages from the introduction of Legal Aid, Sentencing and Punishment of Offenders Act and findings from the Ministry of Justice’s consultation on law firms' cost recoveries…
Liberty Mutual unveils new general manager
Liberty Mutual Insurance has appointed Neil Findley, to the newly created role of general manager for the regions.
Towers Watson adds to M&A team in Singapore
Professional services firm Towers Watson has appointed Alan Merten (pictured) as director, risk consulting & software, and a member of its Asia Pacific leadership team.
Halifax warns of £32bn technology insurance black hole
More than one in 10 people do not have sufficient insurance for their technology devices, creating a £32bn insurance black hole, according to the Halifax.
Meteor damages 3000 Russian homes and businesses
Broken glass from the impact of a meteor has damaged more 3000 homes and businesses in Russia.
Landslides and floods in Indonesia kill 15
Seven hamlets were left devastated by landslides and floods in Manado, the capital of North Sulawesi province in Indonesia, after torrential rain.
United India Insurance targets rural retail growth
The United India Insurance chairman and managing director wants to increase premiums to 10bn rupees ($1.84bn) by the end of the fiscal year.
Novae seeks insight into the future of insurance
Novae Group has launched its first industry survey into the future of the insurance industry.
Zurich and Generali linked with Spain's "bad bank"
Italy’s Generali and Switzerland’s Zurich will invest in a Spanish bank set up by the government to manage toxic property assets, according to Reuters.
RTA Portal's protocols, forms and rules to be decided in March
The Ministry of Justice has confirmed the meeting to decide on the final form of the protocols, forms and rules will take place on 8 March 2013.
Crash for cash fraudsters jailed over fatal collision
Three men who orchestrated a crash for cash scheme that led to the death of an innocent motorist have been jailed.
AIG hires EMEA large limits exec
AIG has appointed Sami Sayegh as large limits executive, property for Europe, Middle East and Africa.
Bruce returns to market with RSA role
Cathie Bruce has joined RSA as distribution manager, four months after leaving UK General where she was managing director of commercial insurance for just under a year.
UK General backs Chinese restaurant insurance scheme
UK General has set up a scheme with Sunderland-based broker Newton Lee to provide insurance cover to the Chinese restaurant and takeaway sector.
Ace's Clabby to deliver keynote at ISE 2013
Insurance Insight has confirmed the first speakers for its 2013 Insurance Strategy Europe conference.