News
Law Report: Employment Tribunal decision upheld as claimant unfit to attend
Law reports contributed by national law firm Berrymans Lace Mawer.
Market moves: MGAs the main movers as three firms make new hires
While the Managing General Agents Association made the trade press this week, MGAs followed suit with several new hires at Pioneer Underwriting, Asta and Sagicor at Lloyd's.
Law Report: Costs case referred to Registrar of Criminal Appeals
Law reports contributed by national law firm Berrymans Lace Mawer.
Law Report: Court dismisses builder's appeals
Law reports contributed by national law firm Berrymans Lace Mawer.
Website review: MoneySupermarket.com
Web performance specialist Compuware Gomez puts the aggregator to the test.
Aon looking ahead despite drop in half-year income
Aon's operating income from continuing operations fell 3% to $504m (£321m) in the first half of 2012, compared with $518m in the same period in 2011, despite total revenue growth of 2% to $5.66bn (H1 2011: $5.57bn).
JLT enjoys revenue boost in broking as economy afflicts underwriting
Jardine Lloyd Thompson's risk and insurance business generated revenue growth of 8% to £331.6m, while trading profit increased to £80.3m (H1 2011: £70.4m) in the first half of 2012.
FSCS levy proposals could see MGAs facing the same liability as brokers
Managing general agents face being liable to bail out failed independent financial advisers or mortgage intermediaries that exceed the upper threshold of the Financial Services Compensation Scheme levy under new proposals.
LV reduces broker rates after losing out to competitors
Uncertainty in the general personal lines market has led LV to reverse its strategy of hardening rates after the company's PL broker book lost out to competitors in the first half of the year.
Aviva to exit US general insurance market after ending Hiscox deal
Aviva is withdrawing from the US general insurance market following a decision to end its two-year reinsurance quota share agreement with Hiscox's US property catastrophe book. The arrangement dates back to the 2010 financial year.
ABI demands Riot Damages Act reform one year on from civil unrest
Industry leaders are calling for urgent reform to the Riot Damages Act 1886 after publishing comprehensive claims data on the eve of the first anniversary of the UK riots.
Compare the Market launches refreshed landlord website
Compare the Market has unveiled a "new and improved" price comparison offering for landlord insurance.
Financial advisor caught cheating in CII exam
A financial advisor will not be allowed to sit any Chartered Insurance Institute exams for two years after he was caught cheating in May.
Vienna Insurance completes merger of Polish insurers
Vienna Insurance Group has completed the merger of non-life insurers InterRisk and PZM, concentrating its market presence in the core Polish market.
Mitsui employee Yoshie Ueno scoops judo bronze at London Olympics
Mitsui Sumitomo Insurance employee and sporting champion Yoshie Ueno won bronze medal in the women's under 63kg judo competition yesterday at the London 2012 Olympics.
Mitsui Sumitomo worker claims Olympic bronze
Mitsui Sumitomo hailed the Olympic success of one of its own today after staff member Yoshie Ueno claimed bronze in the women's under 63kg judo competition.
No compensation for 3000 asbestos victims not included in new scheme
A new insurer-funded government compensation scheme for mesothelioma victims has been criticised for excluding sufferers of other asbestos-related diseases who might have received financial support under the shelved Employers’ Liability Insurance Bureau.
Music mogul recruits expert team for insurance industry ‘game-changer’
A music industry executive who signed rock band The Killers has set his sights on cornering the insurance market by using digital technology to sell and promote personal and commercial products through social media.
€1.7bn Quinn Insurance administration costs is 'shocking', says High Court president
Justice Nicholas Kearnes has described the €1.65bn administration costs for Quinn Insurance as "truly shocking".
Heath Lambert integration costs fail to halt Gallagher growth momentum
Arthur J Gallagher has chalked up a strong first half to the year, despite the continued Heath Lambert integration costing the business $3.3m (£2.1m) in H1 2012 - a $1.5m rise on the same period last year.
RSA recruits Cofunds boss for distribution role
RSA has confirmed that Cofunds head of commercial Russell Lancaster will join as distribution director for the UK commercial business in early September.
China Taiping exits NZ market amid rumours of reinsurance difficulties
China Taiping Insurance is withdrawing from the New Zealand market with immediate effect.
Insurance Europe 'disappointed' with IAIS over systemic risk methodology
Insurance Europe criticised the International Association of Insurance Supervisors' methodology for identifying systemically important insurers today in its response to a consultation paper by the IAIS.
IAIS methodology consultation sparks Insurance Europe 'regrets'
Insurance Europe has responded to the consultation by the International Association of Insurance Supervisors on its proposed methodology for identifying global systemically important insurers.