News
Quindell appoints Shaw to board
Quindell has appointed Ian Shaw to the strategy and integration advisory board.
Brics are not quick wins, says Lee
The emerging markets of Europe, the Middle East and Asia present "substantial opportunities", but insurers must be prepared to make a long-term commitment, according to RSA's chief executive officer.
Hiscox shuffles US management
Hiscox is to bring current US CEO Richard Watson, pictured, back to London to be deputy chief underwriting officer for the group and has promoted Ben Walter in his place.
Investment in UK infrastructure threatened by Solvency II
Association of British Insurers director-general Otto Thoresen has said that new EU solvency rules must not deter long-term growth and investment in the economy.
London Market OKs electronic endorsements
The London Market Group has announced that the electronic endorsements initiative will extend to all classes of business from 5 March 2012.
Equifax links credit scores with claims risk
Credit information provider Equifax says it has spotted a strong link between claims behaviour and a customer's credit and identity profile.
Chinese 'big offensive' poll
Will insurers launch a big offensive on China now?
Lloyd's international director quits for CEO role overseas
Jose Ribeiro, director of international markets at Lloyd's, will be leaving in May to take a new chief executive role overseas.
Arc Legal to revamp IT with new role
Arc Legal Assistance has appointed Kevin Benton as technical services manager to boost technology developments across the business.
Birmingham 'entertainer' turns fraudster in personal injury claim
A Birmingham man has had his personal injury claim thrown out and was ordered to pay costs of over £24 000 after he attempted to defraud Esure.
Insurance Europe calls for parity between IORPs and insurers
Insurance Europe, the European insurance and reinsurance federation, has spoken out in support of the European Commission's aim to promote a more harmonious approach to the challenges faced by pension systems in EU member states.
Willis appoints Rainbow MD for Willis Re Europe
Willis Re, the reinsurance arm of global broker Willis Group, has appointed David Rainbow to lead the company's European reinsurance business as managing director for Willis Re Europe.
Zurich operating profit down 12%, but net income up 10%
Zurich Financial Services Group reported net income after tax of $3.8bn for the full year 2011, up 10% from $3.8bn in the prior year period.
Coverbox data to convince insurers to change underwriting of motor risks
Telematics insurer Coverbox is to send selected insurers a report analysing 250 million miles of vehicle journeys that it claims will change the way car insurance premiums are set.
Cobra Network adds seven new members
The Cobra Network has claimed a record start to 2012 with seven new commercial insurance brokers as members.
CEA rebrands as Insurance Europe
The CEA, the European insurance and reinsurance federation, has changed its name to Insurance Europe.
PPOs up motor excess of loss reinsurance
Fear that periodical payment orders for accident victims create uncertain liabilities has led to reinsurers refusing to offer excess of loss cover to motor insurers, the FT reports.
R&Q takes Syndicate 1208 from Equity
Randall and Quilter has reinsured-to-close the former 2007 year of account of Syndicate 1208 into the 2012 year of account of Syndicate 3330.
We need Solvency II now, demands Eiopa director
Policymakers should not let politics impede the implementation of Solvency II regulations, the head of Eiopa has urged.
JLT to reveal international underwriting ‘success’ in 2013
Footman James CEO will join Thistle in July to spearhead global roll-out of application.
Cuna teams up with Golden Charter on funeral protection
Mutual sector insurance provider Cuna Mutual has partnered up with a non-for-profit to provide affordable funeral protection.
Groupama targets application fraud with data screening process
Groupama is rolling out a new fraud detection system for brokers that targets fraudulent activity at the point of quote.
Simply Health launches cash plan module
Healthcare specialist Simply Health has introduced a new private medical insurance excess module to its corporate cash plan.
Asian results help JLT offset difficult European trading period in 2011
Strong retail revenue growth and margins in Asia helped Jardine Lloyd Thompson offset difficult trading environments in Europe and deliver profit before tax of £147.6m for the full-year ending 31 December 2011.