News
Plumeri eager for smooth handover
Outgoing Willis chief executive Joe Plumeri has vowed to do all he can to ensure continuity as the firm shifts to new leadership under Dominic Casserley.
Blink launches Purely revival
Motor facility Purely Motor has relaunched after its former partner and broker distribution specialist Blink Intermediary Solutions acquired the rights.
European piecemeal approach to affect single insurance rules
The European Union's long-term goal of introducing a continent-wide set of insurance industry rules has been put in jeopardy as larger member states look to adopt a fragmented approach to the introduction of regulations.
New Aviva chief could prompt Asia push
Aviva may look to boost its 'sub-scale' Asian business given the incoming group chief executive's experience as head of AIG's Asian life operation.
Insurance accounting standards facing challenges, claims report
Key details need to be settled on new insurance accounting standards despite recent significant progress in the market, according to Swiss Re's latest research publication.
Airmic unveils new 90-day reservation of rights clause
The industry has backed a clause created by risk management association Airmic which gives insurers a 90-day cooling off period to freely exchange information with the policyholder before resorting to the reservation of rights.
Q-Re poaches Novae underwriting team
Q-Re, the reinsurance subsidiary of Qatar Insurance Company, confirmed today that is has hired 14 senior reinsurance staff who resigned from Novae in May.
Top five Asian news stories
The top five Asian news stories from wwww.insuranceinsight.com over the past seven days.
John Lewis brings committal proceedings against alleged motor claim fraudster
The High Court has allowed John Lewis to proceed with its application to put a suspected phantom passenger on trial for contempt of court.
Top five European stories
The top five European stories from www.insuranceinsight.com over the past seven days.
Swinton unveils north east office
Swinton Group has opened its first commercial office in the north east as part of a long-term plan to extend its commercial arm across the UK.
AJG acquires Australia's largest Lloyd's underwriter
Broking group Arthur J Gallagher has confirmed a deal to purchase SRS Underwriting.
Aviva appoints Mark Wilson as group chief executive
Former AIA chief executive Mark Wilson, pictured, has been appointed group CEO and will receive a basic annual salary of £980 000, Aviva has revealed.
UIB hires Raven as new upstream head
Lloyd's reinsurance broker United Insurance Brokers has appointed Joss Raven as divisional director of its upstream energy division.
Unipol to sell Generali stake by end of 2012
Italian insurer Unipol will sell its stake in rival Generali by the end of 2012, chief executive Carlo Cimbri told analysts on a conference call last week.
Marsh's Moylan to head global surety practice
Marsh has appointed David Moylan as head of its newly created global surety practice.
MoJ proposes fixed recoverable costs for portal claims
Road traffic accident claims worth up to £10 000 will qualify for fixed recoverable costs of £500 under Ministry of Justice proposals for cutting legal costs for claims that fall within its RTA portal.
S&P upgrade of UK Club outlook 'a welcome endorsement'
Shipping protection and indemnity insurance mutual The UK P&I Club has welcomed Standard and Poor's decision to upgrade the firm's outlook from 'stable' to 'positive'.
Invicta secures deal for Sevenoaks broker's GI portfolio
Invicta Insurance Services has beaten off competition from a number of interested parties to secure the acquisition of Sevenoaks Insurance Brokers' entire general insurance portfolio.
CEGA supports UK stance on EHIC resistance in Spain
Claims management and assistance provider CEGA has spoken out in favour of UK insurers which are being asked to pay for British tourists' medical treatment in Spain.
Metal theft is 'biggest problem' for property owners
The damage caused by thieves trying to steal metal is proving to be the biggest problem for property owners, according to Zurich.
Liberty Syndicates appoints another war and terrorism underwriter
Liberty Syndicates has hired former Amlin underwriter Paul Beattie as class underwriter for war and terrorism.
UIB brings in Raven for energy director role
International reinsurance broker United Insurance Brokers has appointed Joss Raven as divisional director of its upstream energy division.
ABI's budget prompts reorganisation
The Association of British Insurers is conducting a restructure with a view to keeping within budget requirements in 2013.