News
Insurers’ closed third-party phone lines add to claim settlement times
Zurich to consider litigation if subrogation times are ‘unreasonable’
Allianz investigates possible employers’ liability fraud rings
Insurers must do more to clamp down on fraudulent employers’ liability claims before organised fraudsters take the “next logical step” into the EL sector, according to Allianz fraud manager Mihir Pandya.
Claims rise adds to fears fraudsters are targeting EL
Employment arena is ‘fertile’ ground for organised fraud
Forecasters predict high hurricane levels as Oklahoma reels from tornado
‘70% chance’ of above-average hurricane activity between July and November
Crawford names EMEA forensic accounting lead
Loss adjuster Crawford has recruited a long-term forensic accountant from PWC to lead a regional forensic investigation and business interruption division.
Taiwan insurers to invest in property
Taiwan's government will allow insurers to invest in infrastructure projects to help boost the economy.
MAS opens office in Beijing
The Monetary Authority of Singapore has opened a representative office in Beijing.
Career File: Daniel O’Connell, XL
Ex-army captain takes on war underwriting role
Market Moves: Ageas plans stronger over-50s push; Biba welcomes new compliance officer
Insurers and brokers took pride of place in the recruitment space this week, with Ageas among the firms making waves, hiring a new marketing boss to head up its over-50s brands. Headlining broker recruitment news is the imminent move from Marsh to the…
Insurance can support economic development in MENA region says Zurich
Insurance can promote economic development, create jobs and boost trade across the Middle East and North Africa region, a new report by Zurich has claimed.
Penny Black's Insurance Week - 30 May 2013
As the fallout from the 2013 British Insurance Brokers’ Association conference continues, Penny has heard some truly toe-curling tales that, try as one might, can never be unheard.
Crawford hires forensic accountant to lead BI adjusting team
Claims management firm Crawford & Company has recruited forensic accountant Ian Hasson from Pricewaterhouse Coopers.
XL promotes Sinz to regional manager for continental Europe
XL Group has promoted Kadidja Sinz to the role of regional manager, continental Europe, in the insurance segment’s distribution and network function.
Loss adjusters excluded from latest IMD2 draft
The direct regulation of loss adjusters and claims management firms has been dropped from the second draft of the Insurance Mediation Directive by the European Commission, Post has learnt.
Jolly Nero owner not expected to make hull claim
Indications that the owner of Jolly Nero, the ship that crashed into the port in Genoa a fortnight ago, does not expect to make a hull and machinery claim has come as a surprise to the market.
Tim Ablett passes away
The much respected insurance veteran Tim Ablett passed away at the weekend.
BIBAFever Episode Four: Children Versus Biba – the final word on the 2013 conference
The British Insurance Brokers’ Association (Biba) conference may be over for another year, but Insurance Age and Post have teamed up with LV to bring you the final word on the event with the fourth episode of #BIBAFever.
Am Trust targets solicitors' PI market
Am Trust Europe is offering professional indemnity cover to solicitors firms of four to 10 partners for the first time after striking an exclusive deal with Howden Windsor.
VIG increases profit but posts fall in premium in Q1
Vienna Insurance Group increased profit before taxes by 5.2% to €159.4m in the first quarter of 2013.
Xchanging consolidates offices in Malaysia
Insurance technology firm Xchanging has consolidated its presence in Malaysia by relocating all its staff into a new office in the capital Kuala Lumpur.
Eiopa seeks enhanced powers over large cross-border insurers
The European Insurance and Occupational Pensions Authority has outlined its desire for enhanced supervisory powers over insurance activities in European Union member states.
Kiln names former KPMG UK boss as non-exec
Kiln has recruited KPMG’s former UK chief executive to take a seat on its board, leading the insurer’s audit risk and compliance committee.
Co-op Bank recruits ex HSBC banker for chief exec role
The Co-Operative Group has recruited HSBC’s former North American chief executive to revive the fortunes of its banking operation, while the Co-op's group's CEO has conceded "there is much work to be done".
Philippines wins disaster recovery award
The Philippines has won an award from the Arabian Travel Market for successfully bouncing back from the devastation of typhoon Bopha (or Pablo) in December 2012.