News
General insurers protect finance raising in Spain
This week broker Marsh’s Fernando Claro discusses the risks faced by Spanish firms wanting to do an initial public offering.
Deloitte urges insurers to begin IFRS planning
Deloitte has called on insurers to begin working on the International Accounting Standards Board proposals for a single International Financial Reporting Standard for insurance contracts.
Marsh Germany hires D&O expert
The German operation of insurance broker Marsh has hired directors' and officers' specialist Stefan Steinkühler.
Italian insurance regulator to act on high motor premiums
The Italian insurance regulator ISVAP has promised that it will take action to reduce the higher than European average motor premiums in the country this year.
Ecclesiastical in Gloucester office move
Ecclesiastical has moved its Gloucester office to Gloucester Docks from Brunswick Road.
Deloitte urges insurers to begin IFRS planning
Deloitte has called on insurers to begin working on the International Accounting Standards Board proposals for a single International Financial Reporting Standard for insurance contracts.
Marsh Germany hires D&O expert
The German operation of insurance broker Marsh has hired directors' and officers' specialist Stefan Steinkühler.
Italian insurance regulator to act on high motor premiums
The Italian insurance regulator ISVAP has promised that it will take action to reduce the higher than European average motor premiums in the country this year.
Underwriting Service Awards 2010 - rewarding insurance underwriting excellence
Post has launched the all new Underwriting Service Awards, designed to identify, reward and shine a light on the highest performing insurance industry underwriters across a number of different insurance specialisms. The winners will be announced at a…
PwC predicts “mixed reaction” to IASB draft
Accounting firm PricewaterhouseCoopers has predicted that the insurance industry will be divided on International Accounting Standards Board plans for a single International Financial Reporting Standard.
Lloyd's: East London sees ‘extreme weather’ increase
A new Lloyd’s of London has discovered East London has experienced a tenfold increase in extreme daily rainfall since 1960, and warning that the closure of meteorological stations is resulting in incomplete data, impairing future analysis.
IASB proposes single insurance financial reporting standards
The International Accounting Standards Board has recommended a single International Financial Reporting Standard for all insurers in all jurisdictions.
"Business as usual" at Quinn
A court heard the latest report from the joint administrators of Quinn Insurance that it is "business as usual" while they continue to retain merchant bankers to advise them on any prospective sale of the group, reported the Irish Independent.
CHO Helphire boss Richard Rose hails "significant" turnaround
Credit hire firm Helphire today said it expects its results for the year ended 30 June 2010 to show a strong recovery in performance as a result of the plan and to be in line with expectations.
PwC predicts “mixed reaction” to IASB draft
Accounting firm PricewaterhouseCoopers has predicted that the insurance industry will be divided on International Accounting Standards Board plans for a single International Financial Reporting Standard.
Broker JLT boss Dominic Burke hails Australasia arm as revenue and profits rise
Jardine Lloyd Thompson this morning reported a 21% rise in revenue to £377.8 (H1 2009: £313.0) and an underlying trading profit of £70.7 (H1 2009 £57.8m) up 22%.
IASB proposes single insurance financial reporting standards
The International Accounting Standards Board has recommended a single International Financial Reporting Standard for all insurers in all jurisdictions.
Broker JLT boss Dominic Burke hails Australasia arm as revenue and profits rise
Jardine Lloyd Thompson this morning reported a 21% rise in revenue to £377.8 (H1 2009: £313.0) and an underlying trading profit of £70.7 (H1 2009 £57.8m) up 22%.
DAS lands Paymentshield account
Legal expenses firm DAS has been appointed by Paymentshield to provide its landlords protection policy to its Letting Agents Solutions scheme.
Investment in flood defences must be a government priority
The Association of British Insurers who has warned today that as climate change increases flood risk, the coalition government must make investment in flood defences a priority despite the squeeze on spending.
FSA manager joins KPMG
KPMG in the UK has recruited Paul Brenchley from the FSA as a director in its insurance risk team within the risk and compliance advisory practice.
Lorega launches ATE claims service
Lorega has launched an after the event claims preparation, mitigation and negotiation service.
FSA manager joins KPMG
KPMG in the UK has recruited Paul Brenchley from the FSA as a director in its insurance risk team within the risk and compliance advisory practice.
Contingent commissions a “conflict of interest” for brokers – Greenberg
Contingent commissions, the once- banned payments that insurers pay to entice brokers, create a conflict of interest and ought not to become prevalent again, Ace CEO Evan Greenberg has said.