News
Primark to pay compensation over Bangladesh factory collapse
The British clothing store Primark has offered to pay compensation to the victims and families of victims after one of its supplier's factories collapsed killing hundreds.
Industry, regulator and government at ‘watershed’ over ERN
The Financial Conduct Authority has confirmed employers' liability insurers and intermediaries have until 1 April 2014 to capture and supply the Employer Reference Number at the point of policy inception of renewal.
Ifed jails Direct Line’s staged accident fraudsters
Two men who attempted to claim £25 000 out of Direct Line after staging car crashes and sending repair bills from their own car workshops have been sent to prison.
Arc Legal secures two marine LEI broker schemes
Arc Legal Assistance has secured a series of new deals with specialist boat insurance brokers to provide Marine Legal Expenses Insurance.
Post Intelligence app brings insurance white papers straight to your iPad/iPhone
Post has launched a new free tablet and mobile compatible app that offers readers the latest insurance white papers straight to their iPhone or iPad with minimum fuss.
New hail tracker could save insurers billions says firm
Storm tracking technology provider HailStrike has launched two new products which is says will “revolutionize” the insurance industry.
Forty injured after blast in Czech capital
At least forty people were injured, and many more trapped, after an explosion in the Czech capital, Prague, on Monday morning.
Domestic insurers must take advantage of Turkey's growth says broker
There is huge potential for (re)insurance growth in Turkey, according to Namik Gulsun, executive director, EMENA at facultative and wholesale broker, Faber Global.
Harnessing digital media in the claims process
Luigi van Geest discusses how insurance companies can harness the power of digital media to provide better customer service at the critical moment a claim is made.
Equity boosts board with five non-exec appointments
Equity Insurance Group has appointed five non-executive directors to the Equity Syndicate management board.
Euler Hermes boosts shareholding in Israeli credit insurer
Euler Hermes is increasing its participation in Israeli credit insurer ICIC from the original 33% acquired in 2007 to 50%.
Zurich extends HSBC bancassurance deal to GI products
Zurich has extended its distribution deal with HSBC in the Middle East to include general insurance personal lines products.
Purple swoops for NIG’s Bristol business development boss
Jelf-owned broker network Purple Partnership has recruited a new development manager from Direct Line Group subsidiary NIG.
Ex-Zurich underwriting boss Meyrick joins XL marine team
XL Group has appointed Lee Meyrick as chief underwriting officer for global marine and offshore energy.
Prudential appoints female director
British insurance giant Prudential has appointed its first female director, luring finance director Jackie Hunt from rival Standard Life.
Marketform to underwrite plastic surgery complications scheme
Members of the British Association of Aesthetic Plastic Surgeons will be the first to benefit from an insurance scheme to cover complications arising from operations.
Liberty Syndicates celebrates a decade in Cologne
Brokers, policyholders and politicians turned out in Cologne to help Liberty Syndicates celebrate 10 years since the insurer opened an office in the German city in 2003.
Mass asks TSC to reconsider ‘ill-thought’ small claims limit proposals
The Motor Accident Solicitors Society has asked the Transport Select Committee to reconsider the impact of ‘ill-thought through’ proposal to increase the small claims limit.
Liberty Mutual promotes two in commercial property reshuffle
Liberty Mutual’s commercial business has shaken up its leadership in a bid to grow its regional property results.
LAS unveils "innovative" contractor materials deals
LAS Claims has revealed deals with Floors2Go and Travis Perkins to supply LAS contractors with construction materials nationwide.
Cooter plans to double Covéa's commercial lines book
Covéa has announced ambitious plan to grow its commercial lines operation, positioning the firm as a mid-market regional business.
Ping An profits rise 22% in Q1
China's second largest insurer Ping An registered a profit increase of 22% in the first quarter of 2013.
$30.5bn spent on insurance takeovers in Asia last year
According to data analysts S&P Capital IQ, there was $30.5bn spent on insurance company takeovers in Asia last year.
Indonesian flood scheme fails
Insurance companies have been forced to drop a scheme for simplified premium rates for property protection against flooding following a complaint from the Business Competition Supervisory Commission.