News
Nordic insurers will need bigger investment adjustments under Solvency II
Nordic insurers will need to make bigger adjustments to investment portfolios because of the likely requirements of Solvency II, according to Fitch.
Jubilee takes plunge into motor dealer market in RAC partnership
Jubilee has been appointed underwriter for a range of new products for the RAC, the first of which is a combined tyre and alloy wheel and minor accidental damage cover.
EU stands firm on Iran shipping sanctions
The European Union has no intention of delaying the implementation of sanctions against ships carrying Iranian oil, and Europe could cope with any extra loss of Iranian crude exports stemming from these measures, EU Energy Commissioner Gunther Oettinger…
Axa Assistance UK promotes Sharon Scully to deputy CEO
Axa Assistance UK has appointed property and legal CFO Sharon Scully as deputy chief executive as part of a drive towards future expansion.
Nordic insurers urged to make bigger adjustments to investment portfolios
Nordic insurers need to make bigger adjustments to their investment portfolios because of the likely requirements of Solvency II.
ABI backs Home Office decision to omit industry from Equality Act
The Association of British Insurers has thrown its support behind a Home Office announcement that imminent discrimination laws will not apply to the insurance industry.
Property claims: Insurers must prepare evidence for court correctly
Fraudsters are wriggling out of criminal charges because insurers fail to provide courts with the necessary evidence, a legal expert has warned.
Property claims: Business Sprinkler Alliance praises Wales for new law
Business Sprinkler Alliance chairman Iain Cox has praised the Welsh Assembly's decision to propose legislation ensuring that all new-build homes in the principality are fitted with sprinklers.
Claims bosses urge insurers to develop integrated localised flood response
Flooding in areas of the UK previously considered low risk has led claims bosses to urge insurers to concentrate on developing an integrated localised flood response, while arguments over a collaborative risk transfer solution rumble on.
Giles raids rival firms for big hitters to drive organic growth
Brendan McManus has vowed to transform Giles into a "recruitment machine" in a bid to support organic growth and clear the way for niche acquisition opportunities.
Market moves: A busy week in recruitment
The insurance industry enjoyed a busy week in recruitment, and brokers were the main movers and shakers as Marsh UK & Ireland welcomed a new chief executive and Giles named a new COO.
Claims Awards 2012: The winners
A full list of the winners and runners up at the 2012 Claims Awards.
Claims Awards 2012: Opening address - Claims Club chairman Jonathan Swift
Introducing the 2012 Claims Awards, Claims Club chairman Jonathan Swift made a point of reminding the attendees how quickly the sector moves, and yet how adaptable companies have been in the face of these challenges.
View from the top: A chance to conquer Europe?
Despite high-profile withdrawals, the aggregator market in continental Europe remains full of potential, says Matthew Donaldson.
View from the top: Lay claim to the client experience
As the trials and tribulations in the Eurozone and UK economy continue, it is all too easy for business owners to trim discretionary budgets to deliver their financial objectives, says Phil Barton.
Insurers must prepare evidence for court correctly
Fraudsters are wriggling out of criminal charges because insurers fail to provide courts with the necessary evidence, a legal expert has warned.
Property claims: Long-term fix for UK flood may be a compromise
The expiration of the Statement of Principles has been described as the "end of the temporary sticking plaster" by Zurich property claims director Jon Cawley, who has argued that the solution to flood risk cover is a combination of current industry and…
Property claims: Customers must be educated about escape of water
Insurers should make consumers aware that they have a responsibility to prevent escape of water, rather than assuming that all leakage issues should be handled by their provider.
Property claims: Detailed data sharing a must if 'them and us' attitude to be overcome
Insurers and supply chain managers have been urged to combat the 'them and us' divide by sharing more detailed data and making use of technology.
Equity renews motor insurance deal with HSBC's First Direct
Equity Insurance Partnerships has extended its affinity insurance partnership with First Direct, the banking brand which is a member of HSBC Group.
Prior investment leads to Q1 gains at BMS
BMS chief executive Carl Beardmore has attributed "successful investment" over the past two years to recent growth at the firm, underlined by a 28% rise in Q1 revenue on 2011.
Commission demands blamed for end of Aviva and Broker Network relationship
Rival networks have accused Broker Network of demanding excessive commissions and over-riders from insurers after its relationship with Aviva, as one of its preferred providers, came to an abrupt end.
Ace swoops for top 10 Indonesian insurer to diversify reach into PL
Ace has announced today that the company and its local partner have reached a definitive agreement to acquire PT Asuransi Jaya Proteksi in Indonesia for approximately $130m in cash.
ABI hits back following industry grilling over riot response
The ABI has moved to defend its members in the face of stinging criticism that the industry has taken too long to pay out on claims originating from riots last August.