News
Nat-cats force Argenta's syndicate to close door to new business
Singapore-based Lloyd’s syndicate 1965 will no longer be accepting new business blaming this year’s catastrophes including the recent Thailand floods.
Vienna Group’s Kooperativa is best Czech financial services company
Vienna Insurance Group’s Czech subsidiary Kooperativa, was ranked the fourth best Czech businesses in the country's recently announced "Top 100” rankings.
Martel reshuffles Groupama management
Recently appointed Groupama chief executive Thierry Martel has unveiled his new management team.
Moore joins Towergate as NED
Philip Moore, LV group finance director, has joined Towergate Insurance as a non-executive director and chair of the audit committee.
Arag hands Barrie & Hibbert SII role
Legal expenses insurer Arag has selected financial market modelling firm Barrie & Hibbert to assist in its preparations for Solvency II.
Hendrick to lead XL insurance arm
Greg Hendrick is set to replace Dave Duclos as chief executive of XL’s insurance unit.
Brown named as Chubb CIO
Chubb Insurance has appointed Chris Brown as European chief information officer.
Montpelier: Reinsurance rates likely to rise
The reinsurance industry has suffered an “unusually high frequency” of international catastrophes and rates could rise by 10% next year, according to Montpelier boss Tim Aman.
Lineker welcomes new telematics brand
Former England footballer Gary Lineker has backed a new car insurance brand, which uses telematics, to provide young drivers with better deals.
Chancellor to change investment rules
The government is to set up an Insurers’ Infrastructure Investment Forum to try to look at changing insurance investment rules to use private funds to build major infrastructure projects.
ABI defends insurers on riot complaints
The Association of British Insurers has denied insurers let down riot-torn householders and small businesses.
Chinese insurance giant PICC P&C unveils HK$6.13bn IPO plan
Chinese insurance group PICC Property and Casualty has nnounced plans to raise HK$6.13bn through a listing on the Hong Kong Stock Exchange.
Generali enters the STOXX Europe Sustainability Index
Assicurazioni Generali has entered the STOXX Europe Sustainability Index and been reconfirmed in the FTSE4Good Index.
IAG boss warns Europe's debts could impact global insurance market
Europe's debt crisis could impact the global insurance industry, reducing competition in markets where insurers have exposure to troubled European sovereigns, says IAG chief.
Insurance broker buys majority stake in non league football club
Oxford-based insurance broker Bridle Insurance has taken a majority shareholding in Blue Square football club Eastleigh.
Groupama to meet 'in the dark' brokers
Groupama is expected to give the first details of what might happen to the troubled French insurer in the UK when it meets with many of its UK brokers tonight.
Insurance key to encouraging private investment into renewables
Significant financial risk is most acute hazard for renewable energy sector, according to a report by Economist Intelligence Unit and Swiss Re.
Bird named as interim IFB director
Motor Insurers’ Bureau head of customer services Phil Bird is “overseeing day to day operations” at the Insurance Fraud Bureau following the departure of director Glen Marr.
Sean Quinn ordered to repay €1.74bn
The unit created to fight for assets for the crisis-hit Allied Irish Bank has won another victory against Sean Quinn, forcing him to repay €1.74bn, bringing the total the Irish courts have told Quinn to pay to €2.16bn.
Former AA MD Briscoe returns
Former managing director of AA Insurance Services, Andy Briscoe, has returned to the general insurance industry as non-executive chairman at claims management software specialist IT Freedom.
FSA slams RBSI for ‘unfair’ pet terms
The Financial Services Authority has told RBSI to cease using a term in its Direct Line pet insurance that it suggests may be unfair and has reported the insurer to the Office of Fair Trading.
Riot report criticises insurers on claims
A government-backed report into businesses and homeowners hit by the riots has slated insurers for slow and inadequate claims payments and providing lack of help. It suggested insurers had favoured big businesses.
Omega seeks clarification over Haverford bid as deadline approaches
Lloyd's insurer Omega has admitted that bidder Haverford is considering cutting its offer for 25% of the business.
CGI expands with Ageas appointment
Congregational & General has appointed Andy Squires as head of underwriting as the company claims to be facing a period of unprecedented growth.