News
Experian launches ‘no claims’ validation database
Technology firm Experian has unveiled a new database to ease the process of insurers checking a declared ‘no claims’ history.
Europe's trade credit insurance premiums on the rise
According to insurance broker Marsh, there has been a large increase in claims notifications in Europe since the last quarter of 2012.
Pay for Quindell executives more than doubles in 2012
The amount pocketed by Quindell Portfolio executive duo Rob Terry and Laurence Moorse more than doubled last year, according the outsourcer’s annual report.
Enstar deal will not impact financial strength of Atrium syndicate
The acquisition of Arden Holdings subsidiary Atrium by Enstar will not impact the financial strength of managing agent Atrium Underwriter’s Syndicate 609 at Lloyd’s.
Foreign owned insurers can use yuan as capital
China's State Council has changed the rules for foreign-owned insurers in the country by allowing them to use yuan as capital from 1 August.
Zurich seeks quick sale in Malaysia
The Swiss insurer needs to sell its 40% stake in MCIS Zurich after an acquisition in 2011.
China Taiping establishes new unit
China Taiping's new business unit China Taiping Insurance Group Co. has officially opened after a restructure at the group.
Airmic 2013: Airmic targets basis clauses
Airmic will focus much of its efforts in 2013 helping its members battle technical issues such as basis clauses.
Airmic "confident" global compliance database will be ready in 2014
Airmic expects to be able to offer risk managers access to a global compliance database “sometime during 2014", the risk management association's chief executive officer John Hurrell said today.
Hiscox names Pinchin as reinsurance CEO
Hiscox has appointed its Bermuda chief executive Jeremy Pinchin as the leader of its newly combined reinsurance businesses.
Ex-Marsh pair form leadership team at Integro UK subsidiary
New York-based international insurance brokerage Integro has appointed a leadership team that will oversee the firm’s UK operating subsidiary, Integro Insurance Brokers.
Towergate network acquisitions director to join Bluefin
Bluefin has appointed the director of acquisitions for Towergate’s network division Paul Roberts to head up its own acquisition strategy.
L&G blocked on CFO appointment
Legal and General have been barred from appointing their choice of chief financial officer, according to reports.
Drive Like a Girl joins Confused's motor insurer panel
Confused has added telematics player Drive Like a Girl to its panel of motor insurers.
Giles parent reports £40m loss as debts continue to grow
Expectrum, the parent of broker Giles, has reported a pre-tax loss of £39.5m for the year ended 31 August 2012, alongside climbing net debts.
Jackson reforms: Are they working?
A raft of civil justice reforms came into force in April that is set to reduce claims costs in personal injury cases.
FERMA executive manager elected to association's board
Florence Bindelle, executive manager of the Federation of European Risk Management Associations), has been elected to the board of the European Society of Association Executives.
R&Q agrees PTP with Finnish mutual
Randall & Quilter Investment Holdings has agreed a portfolio transfer plan with mutual insurance company Turva.
Dam bursts on River Elbe
23 000 people have been evacuated from the east German city of Magdeburg after a dam burst as the River Elbe overflowed.
Hundreds of SMEs hit by European floods
Hundreds of small and medium sized enterprises are likely to have been affected by the floods in Central Europe, according to claims management firm Crawford & Co.
Levene calls for clarity around Co-op's failed bid for Lloyds branches
Former Lloyd's chairman Lord Levene has called on government to confirm whether it favoured the Co-operative Bank's takeover bid of 632 Lloyds Banking Group branches over one by his own vehicle, NBNK.
Budapest's flood defences hold firm
The worst of the flooding appears to be over in Budapest as the river Danube starts to recede.
R&Q agrees PTP with Finnish firm Turva
Randall & Quilter Investment Holdings has agreed a portfolio transfer plan with mutual insurance company Turva.
Acromas considering £4bn refinancing deal
AA and Saga parent company Acromas is understood to be close to securing a refinancing deal that could lead to the break-up of the group.