News
Over 6 000 missing in India's floods, feared dead
Landslides and monsoon flooding in the mountains of North India have caused devastation, with over 6 500 now thought to have been killed.
LGBT insurance network to participate in London’s Pride
LGBT insurance network Link will join the London’s Pride March on Saturday 29 June, which will mark the end of London’s Pride Week.
Miller poaches Asia head from JLT Specialty
Miller has appointed Simon Weaver as head of Asia with effect from 1 September.
Primary insurance growth to outstrip reinsurance says Munich Re
The global insurance market will grow strongly over the next decade, according to Munich Re’s Insurance Market Outlook published this week.
Aspen Re strengthens business development team
Bermuda-based Aspen Reinsurance has appointed Tom Luning as head of US regional business development.
Google under fire from EU data watchdogs
Google’s treatment of user data has come under fire from data protection watchdogs in France and Spain.
Flood deal appears close as Letwin headlines ABI conference
The Association of British Insurers has offered the biggest hint yet that an agreement on implementing its ‘Flood Re’ proposal is imminent, having confirmed that Oliver Letwin MP will deliver a keynote speech at its upcoming conference.
Rehabilitation First Awards - the final countdown!
Entry deadline: Friday 28th June
RSA recruits wholesale banking boss for non-exec role
RSA has recruited Standard Chartered’s wholesale banking chief operating officer to its board, with effect from 1 September.
Pro Sight partnership success prompts Yutree to exit Cobra Network
Yutree Underwriting has left the Cobra Network having signalled its intention to become a “truly independent” intermediary.
Court summons for speeding on the rise
The number of drivers summoned to court after being caught speeding increased by 10% in 2012, the equivalent of 1 000 drivers a week.
CII reviewing corporate chartered standards
Chartered titles held by firms could be under threat after the Chartered Insurance Institute announced plans to review eligibility criteria.
Aviva to close Manchester motor claims unit
Aviva is getting rid of 200 jobs in its Manchester based motor injury claims department, according to local press reports.
Singapore's air pollution index at record high
The smog from forest fires in Indonesia is still engulfing Singapore leading to the city's air pollution index to reach a record high.
Insurance communications Bill passed in Australia
The Insurance Contracts Amendment Bill 2013 has passed through the Australia Senate. According to the Insurance Council of Australia, the Bill will help give insurers more certainty when communicating with customers electronically.
Hong Kong Confederation of Insurance Brokers celebrates 20 years
Last night the Hong Kong Confederation of Insurance Brokers celebrated 20 years as an organisation at a cocktail reception at the Shangri-La hotel in Hong Kong.
Driving overseas expansion is major concern for insurance execs
Driving overseas expansion is a major concern for insurance executives, according to a survey conducted by the Economist Intelligence Unit on behalf of research firm State Street.
IASB Insurance Contract proposals are welcome starting point
The revised draft of the International Accounting Standards Board’s Insurance contract proposals goes a long way towards addressing the concerns raised by insurers since the original draft in 2010, Insurance Europe said today.
One Answer Insurance to open high street branch
One Answer Insurance is planning on opening a high street branch in Polegate, East Sussex in a bid to reiterate its commitment to remaining a local broker.
IASB revised exposure draft is "major milestone" for insurers
The publication of the International Accounting Standards Board’s revised exposure draft marks major milestone toward global reporting consistency for insurers, according to consultancies PwC and Ernst & Young.
Legal & General strikes deal with Tesco Compare
Legal & General has signed a deal to provide home insurance on Tesco Compare’s panel from June 2013.
McKinsey and Telefonica to address inaugral insurance and data analytics conference
Speakers from Telefonica and McKinsey & Company will open and close the inaugral Post Insurance and Data Analytics conference in July.
Keoghs appoints seven partners and promotes 23 associates
Keogh’s has appointed seven new partners and promoted 23 individuals to an associate position, taking the number of staff at the law firm’s seven UK offices up to almost 1200.
IASB insurance contract rules “a new world” for insurance
New rules on the accounting of insurance contracts represent fundamental change according to consultancies.