News
Government flood cuts could lead to 'thousands' of uninsurable businesses
Thousands of UK businesses are at risk of becoming uninsurable inside three months if the government fails to meet the demands of disgruntled insurers.
Insurers face up to $2bn tornado bill
Eqecat has estimated that the latest series of severe weather events in the US has produced $1bn to $2bn in insured losses.
Justice minister to act over PPI CMCs
The justice minister, Lord McNally, pictured, has agreed to meet consumer groups over on-going concerns about claims management firms ripping off customers mis-sold payment protection insurance.
Omega more than doubles losses
Struggling takeover target Omega's 2011 combined ratio hit 134%, and 2010 pre-tax losses more than doubled to $94.7m (2010: $42.9m).
Chilton steps down from Aon Benfield roles to focus on holding company
Grahame Chilton will step down from his combined roles at Aon Benfield to concentrate on his new position as non-executive chairman of Aon's recently formed UK holding company.
Insurers avoid conviction for Irish data breach
Three insurance companies have avoided criminal convictions for possessing personal information obtained by a private detective from a leak in the Department of Social Protection, according to reports in the Irish press.
Close to offer telematics premium finance
Close Premium Finance is to back AA Insurance's new telematics offering, AA Drivesafe, taking monthly direct debits for varying amounts depending on the insured's driving style.
Zurich in three-year sponsorship deal with Christie's Dubai
General insurer Zurich has entered into a partnership with auction house Christie's to sponsor its sales in Dubai.
Cuts at Ecclesiastical to focus on three sectors and boost operations performance
Ecclesiastical's UK boss Steve Wood, pictured, has implemented a three-prong reorganisation as part of a cost-cutting exercise that he claims will lead to an aggressive move on its chosen markets.
More sharing of intelligence needed in fight against insurance fraud
Greater sharing and use of intelligence could achieve significant results in tackling insurance fraud, according to law firm DAC Beachcroft.
Early start to US tornado season
More severe weather hit central and southern regions of the US over the weekend, spawning several tornadoes that killed at least 39 people and caused widespread property damage, according to reports.
Brokers 'very positive' on in-vehicle management technology rollout
Equity Red Star CEO Ian Foy has hailed the rollout of in-vehicle management technology Equitrack, claiming that brokers have responded favourably to the belief that the launch will drive down costs and claims.
Axa commercial introduces new schemes solution
Axa commercial lines has introduced a new approach to processing delegated authority schemes business that it says will deliver benefits to brokers and their customers.
Lloyd's broker Paul Napier launches offshore financial services liability lines
Lloyd's broker Paul Napier has launched a suite of professional and financial lines products for the UK and international offshore financial services industry.
Rural signs three new deals to expand farming footprint
Rural Insurance, the specialist agricultural insurer, has signed deals with Coversure, Farmers Union of Wales and Broker Network, as it continues to push for growth in 2012.
Ageas credit checks all motor applicants
Ageas is to automatically use credit information about prospective clients in motor quotes.
Property insurance firms merge
Let Insurance Services and Property Risks have merged to form a new company, Let Risks.
QBE reveals e-trading and motor underwriting appointments
QBE has this morning unveiled the double appointment of David Greaves as head of e-trading and Fast Flow operations and outgoing Aviva employee Robert Dodd as senior motor underwriter.
Insurance Insight – top 10 stories
The top 10 stories from www.insuranceinsight.eu over the past seven days.
Assurant makes senior European appointments
Assurant Solutions today announces the appointments of Graham Luckett as senior compliance officer for Europe and Robert Moorehead-Lane as European chief risk officer.
Premium rates set for Thai cat fund
The Thai government has settled on premium rates for the state-initiated disaster fund.
Markel acquires fine art and collectables business
Markel International has acquired the portfolio of business of Quay Underwriting, a managing agent based in Dorset, UK.
Kiln launches into specialist property with appointment in Paris
Kiln has appointed a new underwriter in Paris to focus on a broad range of property facultative reinsurance risks across Europe.
Beazley's 623 reports 21% 2009 return
Beazley's managing agency Beazley Furlonge said its Names syndicate 623 returned 21% on capacity for 2009, but that 2010 would be nil return and 2011 just 2.5% because of catastrophes.