News
Direct Action.
Recommendations released by the Law Commission could bring much needed clarity and increased certainty to a pillar of insurance law - the Third Parties (Rights Against Insurers) Act 1930. Gavin Reese and James Stockwell explain.
South Korea motor shake-up.
Kyobo Life looks set to shake up the South Korean motor insurance market, after becoming the first l...
Insurers duped by "fad".
Fraud detection by telephone voice stress analysis has been branded "foolhardy" by a senior academic...
As flood season starts again self-defence is best solution.
Yet again, we are all in for a deluge of flood claims which, one assumes, has adjusters rushed off t...
Lloyd's calls in SFO to investigate online insurer
Lloyd's has become embroiled in a Serious Fraud Office Investigation after an insurance intermediary ...
End of the road?
A new hazard waste directive coming into force on 1 January next year, will have serious implications for end-of-life vehicles and as a result insurers. Ian Gaskin explains how the industry can avoid falling foul of the legislation.
Taylor to retire.
Anthony Taylor, deputy chairman of Wellington Underwriting, is to retire as a director at the end of...
Age-old dilemma.
Last week, the government unveiled plans to regulate sales of long-term care insurance, but this is just one part of the jigsaw, as Andrew Harwood reports.
United we stand?
As the economy leans towards recession, many wait to see whether the expected downturn will topple the insurance industry and the frenzy of merger and acquisition activity that has characterised it recently. Edward Murray investigates.
Brokasure unveiled.
Rebus this week unveiled its new Brokasure Enterprise technology platform for medium to large broker...
QBE shake-up as Lothian quits.
Australian insurer QBE's European division has lost another big hitter just a year after the surpris...
Troika eyes insurer.
Russian investment bank Troika Dialog has not yet decided whether to take part in the forth-coming s...
Ace's not so high.
Bermuda-based Ace's third quarter results were dragged down by $558.8m (£384.5m) after tax, as a res...
Relationships suffer as reinsurers become more clinical
Reinsurers are reducing their emphasis on long-standing client relationships and adopting a more clin...
Moody's: Lloyd's syndicates no longer provide "adequate" security
Moody's has downgraded five Lloyd's syndicates amid what it described as "growing concerns over the a...
Australian recovery a slow process
Reinsurance broker Guy Carpenter, which plans to recover up to $200m for insurers who placed busines...
Ferma calls for European Pool Re
The Federation of Risk Management Associations has called on the European Commission to study the fea...
Crawford, Miller Fisher and PCS dumped from Groupama loss adjusting panel
Groupama has announced that it has ditched Miller Fisher, Crawford and Company and PCS from its loss ...
Ace posts heavy third quarter losses
Bermudian insurer Ace has reported a net loss of £310m for the quarter ended 30 September 2001, compa...
IUA petitions US regulators over funding requirements
In a letter to Commissioner John Oxendine, Chairman of the NAIC reinsurance taskforce, the Internatio...
Swiss Life to launch back care charter
Swiss Life is to sponsor the launch of a new back care charter to conquer the estimated 120 million w...
Ockham: Link purchase off
Lloyd's insurers Ockham and Kiln today announced that they have decided not to go ahead with the tran...
AIG and Chubb team up for $1bn reinsurance venture
Global insurance giants AIG and Chubb are reported to have teamed up with Goldman Sachs to form a new...
Claims Direct puts forward franchisee exit offer
Troubled no win no fee company Claims Direct has offered its disgruntled franchisees a choice of thre...