News
Marks & Spencer and Post Office to discuss affinity insurance at Post event
Marks & Spencer and The Post Office have joined the speaker roll for the upcoming Affinity 2013 event.
Solvency II still needed says S&P
The proposed Solvency II regulatory framework is still needed, despite the frustration caused by delays in implementation, according to Standard and Poor’s.
Top 5 European stories
The top five stories from www.insuranceinsight.com over the past seven days.
Swinton Commercial eyes growth with the creation of new role
Swinton Commercial has appointed Alastair Denness to the newly created role of national business development manager. The firm said this role is part of the company’s future growth strategy.
Beazley swoops for Hiscox's tech & data head
Lloyd’s insurer Beazley has hired Matthew Norris to join its European small business team.
Mass calls on legal industry to fight legal changes
The Motor Accident Solicitors Society has called on solicitors to keep fighting further change and report any problems in the new legal system.
Ex-BGL director joins Towergate
Towergate Insurance has appointed Derek Henry as group carrier relationship director.
PICC plans 5.8bn yuan rights offer to boost capital
Chinese insurer PICC Property & Casualty has signaled its intention to raise 5.8bn yuan ($944m) in a rights offer in China and Hong Kong.
Brunel expands wholesale PI broking business
Brunel Professional Risks has expanded its wholesale professional indemnity insurance broking arm to handle rapidly growing demand from brokers across the UK.
Apac climate report highlights typhoons, droughts and air pollution
The Guy Carpenter Asia-Pacific Climate Impact Centre today released its annual report focusing on typhoon activity, the seasonal prediction of extreme droughts and floods, and the impact of local air pollution on climate.
Tornado slams Oklahoma suburbs
A devastating tornado has killed more than 50 people after tearing through suburbs of Oklahoma City.
Aspen recruits Ecclesiastical planning director for regional leadership
Aspen Risk Management has swooped to recruit Ecclesiastical’s planning and change director Paul Lee to head up its business in the North of England.
Culture rather than strategy to blame for business failings, IRM Forum told
Risk professionals have been warned that the culture within an organisation is more important to business success than a strategic focus.
Ex-army captain hired to write war, terrorism and political violence at XL
XL Group has appointed Daniel O’Connell to underwrite war, terrorism and political violence within the firm’s new crisis management team.
Axis Capital sees S&P A+ affirmed
Bermudian insurer Axis Capital has been backed by Standard & Poors, seeing its ratings affirmed.
Fatal air balloon crash in Turkey leaves two dead
A crash involving two hot air balloons in Turkey on Monday left two dead and 23 injured.
China's watchdog encourages PE firms to invest in insurers
China’s insurance watchdog will permit limited partnership equity investment enterprises to invest in the countries insurers, in a bid to increase the flow of private funds into the insurance industry.
Apil: Seriously injured people risk being short-changed in government plans
Severely injured people could face having their damages cut further under government proposals, the Association of Personal Injury Lawyers has claimed.
Allianz CEO Torrance calls for action on liability rates
Insurers’ liability books need to show profits if firms are to make a reasonable return on capital, Andrew Torrance, Allianz’s chief executive, said.
Allianz achieves record revenue in Q1
Allianz achieved total revenues of €32bn in the first quarter of 2013 the highest quarterly total revenues in its history, and an increase of 6.6% on the first quarter of 2012.
RSA on the hook for Genoa ship loss
RSA is on the hull cover for The Jolly Nero, the Messina Line ship that crashed into a port tower in Genoa, Italy last month, Insurance Insight can reveal.
FCA viewed as re-brand exercise by brokers surveyed by UKGI
The Financial Conduct Authority is seen as little more than a re-branding exercise, as opposed to a change in regulatory focus, according to brokers surveyed by compliance consultancy UKGI.
Equity axing 200 jobs in motor focused re-launch
Equity Insurance Group is to cut 200 roles following its acquisition by Jeff Greenberg-led private equity house Aquiline.
Axa leads the way in Brokerbility satisfaction survey
Axa has been rated the highest performing firm among Brokerbility’s seven key insurer partners in the collective broking organisation’s bi-annual satisfaction survey.