News
Industry attacks government’s ‘flawed’ risk-pooling arrangement for schools
Marsh boss Weil warns scheme will ‘cost the taxpayer a lot of money’
Insurers' succession planning should aid talent retention
Insurers are placing greater emphasis on succession planning than at any time in the past but could still improve in this area, according to a study by Randstad Financial & Professional.
Airmic 2014: Petition Osborne on contracts bill says Law Commissioner
Law Commissioner David Hertzell has called on backers of the Insurance Contracts Bill to write letters to both Chancellor George Osborne and the Treasury demanding it moves forward before the election.
Airmic 2014: Airmic unveils commercial cover buyers guide
UK risk management association Airmic has launched a new guide for commercial insurance buyers designed to leave them better informed on what coverage they need.
RSA preparing to divest Asian operations, states report
RSA is looking to offload its Asian operations in an auction that could generate up to $500m (£294m), according to a Reuters report.
Couple sentenced for £1.1m life insurance fraud
A man who faked his own death and his wife were sentenced to prison today after fraudulently claiming £1.1m from life insurance policies and investments.
Airmic 2014: Global risks ‘among the most dangerous an organisation can face'
The chief executive of risk management organisation Airmic is urging companies to take steps to increase resilience and adaptability to global risks.
Airmic 2014: Innovation top insurance concern among risk managers
Lack of innovation is the biggest complaint risk managers have about the insurance industry, according to the latest annual poll of Airmic members.
Zurich launches enhanced home cover for 'super rich'
Zurich has launched a new home policy aimed at Britain’s wealthiest individuals.
Peak Re unveils positive first year results
In its first full year of operations Hong Kong-based reinsurer Peak Re has unveiled 2013 profits of $103m (£61.8m).
Validus bolsters senior team with trio of hires
Norwich-based insurance services firm Validus-IVC has added a pair of former Aviva employees and an ex-LV claims man to its senior team.
Aviva data shows crash for cash incidents up 51% last year
Aviva is calling for stronger deterrents for crash for cash gangs after claims fraud data from the insurer revealed there had been a 51% increase in fraudulent slam-ons last year.
Three year deal penned between RSA and Market Harborough
RSA has reached an agreement with Market Harborough Building Society that will see the insurer underwrite its home building, contents and buy-to-let insurance as part of a three-year partnership.
Flood defence funding at 'bare minimum'
Funding for maintaining flood defences is at a "bare minimum" and is the first area to be cut when "budgets are tight", according to the Environment, Food and Rural Affairs Committee.
Industry veteran Skuza to join Guy Carpenter
Guy Carpenter & Company has appointed Boguslaw Skuza as chairman and managing director of its Central and Eastern Europe operation.
Cyber fear outweighs board level ownership
Only 14% of medium to large-sized companies have an insurance policy in place against cyber risk, according to a poll by Marsh, despite more than half (56%) of those surveyed placing it in the top five risks faced by their firm.
Data sovereignty increasingly important in Asia, says Equinix
International data centre operator Equinix believes insurers need to think more about where their data is stored as regulations increase in Asia.
ING insurance IPO share price range gives value of €7bn
ING has set a pricing range for the sale of shares in its European insurance arm that indicates the business is worth roughly €7bn.
ASEAN economies worth $2.31trn, says AM Best
According to analysis by AM Best the 10 ASEAN region economies are becoming an integral part of the global economy.
Cunningham Lindsey launches forensic advisory division
Cunningham Lindsey has launched its UK forensic advisory services division giving detailed analysis around the financial loss elements of a claim.
Thomas Group's Moore awarded MBE in Queen's Birthday Honours
John Moore, chairman of Thomas Group, has been awarded an MBE in the Queen’s Birthday Honours for services to the financial sector and charitable services to Ty Hafan Children's Hospice in Wales.
Airmic 2014: Financial services most exposed to cyber risk
The financial services industry is the most susceptible to cyber attacks in the UK, according to results from data provided by Aon’s cyber diagnostic tool.
Airmic 2014: Hurrell champions longer renewal process
The renewal process on commercial insurance policies should be brought forward by 60 days in order to reflect a changing business environment, according to the chief executive of risk management organisation Airmic.
Makhoul appointed as executive chairman for Marsh MENA
Marsh has appointed Robert Makhoul as executive chairman for Marsh Middle East and North Africa.