News
Insolvent insurers not a systemic risk
An insolvent global insurer would not pose systemic risk to the global financial system, according to the latest report by insurance think tank, The Geneva Association.
Williams in Towergate u-turn as firm appoints two underwriting managers
Towergate bosses have welcomed back Alyson Williams who returns to her former position of household development director, just four months after departing for the Gallagher Group.
Oil companies need to embrace risk management
Global oil companies have inconsistent and insufficient risk strategies arising from their approach to governance and controls, according to a report released at Marsh’s oil company's conference in Dubai.
Liberty Mutual names three for claims
Liberty Mutual Insurance Europe has boosted its claims operations with three senior appointments in London, The Hague and Madrid.
Liberty Mutual Europe appoints senior claims figures
Liberty Mutual Insurance Europe has made three senior appointments to its claims operations as part of its quest to provide claims service on a local basis.
Insurers pose no systemic risk, says report
International insurance think tank, The Geneva Association, has said insurer wind-downs are always controlled and orderly and insurance does not pose a systemic risk.
UK insurers dominated by foreign firms
Foreign-owned firms make up more than half (55%) of the UK’s large general insurance companies, according to a report from The City UK, UK Trade & Investment and IMAS Corporate Finance.
RBSI launches Sainsbury's home cover
RBS Insurance has added to its Sainsbury’s car insurance deal with a five-year contract to provide the underwriting, sales, service and claims management support for home insurance.
Brit expands hull team at Lloyd’s
Brit Insurance’s Lloyd’s syndicate has boosted its marine hull team with the appointment of Bob Clarkson as senior marine hull underwriter.
Countdown to EIS: Q&A with keynote speaker Bart De Smet
Bart De Smet, group chief executive officer for Ageas is the keynote speaker at Insurance Strategy Europe taking place in Brussels on Wednesday 21 and Thursday 23 March. In the first of a series of articles counting down to the event Insurance Insight…
Groupama commercial underwriters relocate to UK regions
Groupama has expanded its commercial team and moved key underwriters to different UK regions.
AMII expresses concern over PMI ratings
The Association of Medical Insurance Intermediaries (AMII) has expressed concerns over Defaqto’s ‘star ratings’ for private medical insurance launched this week.
CILA launches Ofqual accredited claims handling diploma
The Chartered Institute of Loss Adjusters, in association with the Office of Qualifications and Examinations Regulation has launched an Ofqual-accredited insurance claims handling diploma.
ACIS develops system to speed up car body repairs and reduce claims costs
A new programme to help car body repairers cut cycle times and speed up workflow has been launched by ACIS.
New rules for reinsurance writers in India
India’s supervisory authority, the IRDA, has issued new regulatory requirements for reinsurers writing cross border risks in the country.
Claims ops director Jim Pittman exits Davies
Claims operations director Jim Pittman has become the first major executive to exit Davies after it brought in new shareholders last year.
Ace names head of A&H EMEA
Ace has appointed Craig Parfitt to head up the analytics and management information team for the accident and health business in Europe, the Middle East and Africa.
Eiopa chairman 'concerned' about Solvency II delays
Gabriel Bernardino, chairman of the European Insurance and Occupational Pensions Authority, has said in a letter to the European Commission what supervisors, industry and consumers would "benefit most from is certainty on the implementation of Solvency…
Cyber liability poll results
Will proposed privacy regulation increase the need for cyber liability insurance?
Markel International combined ratio up 21% due to nat cats
Markel International reported a combined ratio of 116% for 2011, up 21% from 2010.
Uniqa sees 4.4% growth in 2011
Uniqa group as increased it premiums by 4.4% to €5.37bn (2010: €5.14bn) and in the growth markets in Eastern Europe by 6.5% €1.08bn (2010: €1,02bn).
Ace appoints international accident and health team head
Ace has appointed Craig Parfitt to head up the analytics and management information team for its accident and health business in Europe, the Middle East and Africa.
Zurich applauds request for global compliance database
Zurich has applauded Airmic's and FERMA's focus on increasing the clarity of international insurance requirements.
European insurers face ongoing capital challenges
European life and non-life insurers must make difficult strategic decisions in 2012 with the recent European sovereign downgrades adding to capital pressures, according to Ernst & Young’s new Insurance Industry outlook.