News
China regulator aims to open more investment channels for insurers
The China Insurance Regulatory Commission (CRIC) is discussing loosening the investment channels of insurance companies, according to newswire the Xinhua News Agency.
XL Re becomes first Bermudan reinsurer to qualify as eligible in Florida
XL Re, the global reinsurance operations of XL Capital has announced that it has received approval from the Florida Office of Insurance Regulation (FIR) to qualify as an “Eligible Reinsurer” in Florida, pursuant to requirements set forth by the Florida…
Brokers Link appoints new CEO
Insurance intermediary network, Brokers Link has named Leonard Battifarano as its new chief executive.
Hoban outlines regulation plans
Mark Hoban, financial secretary to the Treasury, has addressed the House of Commons following George Osborne's Mansion House speach last night on the breaking up of the FSA.
Compliance firm urges industry to work together for regulatory change
Wolters Kluwer Financial Services UK managing director Dean Curtis has urged the financial services sector to pull together to ensure the Chancellor George Osborne’s regulatory changes are effective.
Economy on "road to recovery"
Businesses are starting to enjoy a recovery in markets at home and overseas, according to delegates at the Coface - the country risk conference for the UK and Ireland.
Economy on "road to recovery"
Businesses are starting to enjoy a recovery in markets at home and overseas, according to delegates at the Coface - the country risk conference for the UK and Ireland.
Willis launches distressed assets practice
Willis North America has unveiled a new distressed assets practice aimed at advising clients on the management of risks associated with financially distressed, foreclosed or abandoned properties.
Nexus acquires AVH
Nexus Vehicle Rental, has announced the acquisition of Adapted Vehicle Hire for an undisclosed sum.
UIB appoints group FD
Insurance broker UIB has appointed Keith Anderson to the UIB Holdings Group board as group finance director.
Biba calls for appropriate, proportionate and cost effective regulation
Eric Galbraith, British Insurance Brokers' Association chief executive, said the organisation is pleased its concerns over splitting the regulation for the sector have been taken on board, and that insurance intermediaries appear to be falling under the…
UIB appoints IT head to lead innovation
Insurance broker UIB has appointed Paul Chalk as divisional director for IT with immediate effect.
One Claims wins Novae deal
One Claims, the personal accident and travel claims management division of One Group, has secured a contract to handle claims on behalf Novae Group’s Syndicate 2007 at Lloyd’s.
Williams leaves Tesco Compare
Debra Williams has stepped down from her role as chief executive of Tesco Compare, Post has revealed.
Personal injury disputes jump 32% in two years
The number of personal injury claims continues to surge despite reforms to regulate claims handling companies, according to statistics obtained by Sweet & Maxwell.
Lloyd's team heads to Chile
Lloyd’s has sent a team to Chile to help the market better understand the impact of February’s earthquake and assist in ensuring the speedy payment of valid claims.
FSA break-up: What's your view?
The Chancellor of the Exchequer has sounded the death knell for the Financial Services Authority.
Aviva revamps commercial policies
Aviva has relaunched its commercial policy documentation in a bid to extend the cover and make it more broker and customer-friendly.
Equity World Cup competition - week two: Still fancy England’s chances?
Having now seen England in action against the USA in the 2010 World Cup, Post Magazine asked a broker and insurer for their views on the national team’s chances in the tournament.
Allianz warns of fit note fraud
Allianz Legal Protection is warning employers to be on the look-out for bogus GP fit notes.
The proposal to give Bank of England overall control "makes sense"
This is according to Mathew Rutter, financial services partner at Beachcroft.
Reinsurer capital up 8% - Aon Benfield
Aon Benfield Aggregate (ABA) report from Aon Benfield Research team estimates that global reinsurer capital increased by 8% to $434bn, surpassing the record levels set in 2007 before the global financial crisis occurred.
Rapid insurance sector growth and Solvency II concerns prompt launch of Gibraltar’s first specialist actuarial consultancy
Mazars Actuaries and Consultants, the UK-based actuarial arm of international accountancy firm Mazars, has opened an office in Gibraltar. The new venture will be led by director Paul Tysoe, a member of the territory’s insurance sector.
Six join broker network ranks
International broker network Brokers Link has added six new international specialised service providers to its membership.