News
Helphire to resume dividend payments following High Court order
Helphire Group has been granted permission to resume paying dividends by the High Court.
German floods could cost insurers up to €5.8bn
Historic floods in Germany are likely to generate insured losses of between €4bn and €5.8bn according to AIR Worldwide.
Good disclosure practices alone are not enough says Ferma
Public disclosure of a company's social issues is good, but by itself does not show that the risks are under control, the Federation of European Risk Management Associations has warned.
CII "well placed" help to improve banking standards
The Chartered Insurance Institute is “well placed” to help improve standards in the banking sector, according to chief executive Sandy Scott.
Coface downgrades Eurozone GDP after Germany concerns
Economists at cred insurer Coface, are downgrading their GDP growth forecast for the Eurozone, reflecting concern about Germany, the largest EU economy.
Post Audio Supplement - 20 June 2013
Too busy to read the magazine or website? Want a quick update on the latest news?
Mydrive hires former EE director
Insurance telematics specialist Mydrive Solutions has appointed Anthony Keyworth as chief operating officer.
Indian trade union calls for Insurance Bill to be scrapped
Members of the All India Insurance Corporation Employees Association called for the government to withdraw the controversial Insurance Bill at their annual conference this week.
RSA appoints CET for home emergency services
RSA has signed up claims specialist CET to provide home emergency services to customers.
LTG report could lead to further Solvency II delays says KPMG
Global Consultancy firm KPMG has cast doubt on whether the recommendations from Eiopa’s long-term guarantees assessment impact study will satisfy all parties and stave of further delays in the Solvency II schedule.
UK insurers must act to minimise climate change exposure
The UK insurance market’s exposure to international losses as a result of climate change is greater than its exposure to losses on the domestic market, a PWC study has found.
AGCS reveals Russian ambitions with new appointment
Allianz Global Corporate & Specialty’s head of underwriting co-ordination in growth markets, Philip Gronemeyer, is to become country manager for Russia.
Customers paying for FSCS levies on brokers via ‘administration’ charges
Contributions to compensation scheme putting strain on brokers’ profitability.
Laurent Matras linked with Jon Dye's Allianz role as rival CEOs praise Torrance
Jon Dye named new UK CEO as Torrance joins Fireman’s Fund Insurance Company.
AGCS targeting Russian growth with new chief
Allianz Global Corporate & Specialty has targeted Russia for growth, appointing its head of underwriting co-ordination in growth markets as country manager for Russia.
PI firms risk being sued if they continue to undervalue serious injury claims
Claims management companies reportedly targeting under-settled claims.
Exploiting referral fee ban loophole ‘against spirit of the law’, say insurers
Epoq among firms criticised for finding a way around Laspo-enforced ban.
Mills & Reeve swoops for DLA Piper insurance team
Lawyers Mills & Reeve has recruited a nine-strong defendant insurance team from DLA Piper for its Birmingham office, effective from 1 July.
Axa to lend €10bn for infrastructure in diversification push
French insurance giant Axa is planning to lend €10n to projects over five years in a bid to expand its infrastructure debt holdings, according to reports.
PICC P&C raises $290m of capital in Hong Kong
PICC Property & Casualty's Hong Kong portion of its rights issue has proved successful.
Heavy rain death toll rises in India
Earlier than usual monsoon rain has killed at least 70 people in India, with the north of the country the worst hit.
Aviva grilled over ABS ambitions
Aviva has confirmed it is not in the process of applying for an alternative business structure after direct questioning by the Transport Select Committee.
Uninsured driver fines will fail, says AA
The government’s plans to increased fines for driving without insurance from £200 to £300 will have little impact on the issue, the AA said today.
UK General makes double regional sales hire
UK General Insurance has hired Jodie Gibbons as regional sales manager for Wales and the South West and Mark Wright to the same role in the North West.