News
Cyclone Nilam makes landfall near Chennai
Tropical cyclone Nilam, the second named cyclone of the 2012 North Indian Ocean cyclone season, made landfall in the Indian state of Tamil Nadu at about 4.30pm local time on Wednesday with maximum wind speeds of 80km-90km per hour, according to…
Xchanging expands Apac footprint
Business process outsourcing provider Xchanging is to open delivery centres in China and the Philippines.
UIB launches special risks business
Reinsurance broker UIB has launched a special risks division headed up by recent hires Charles O'Sullivan as managing director and Karen Shelley as operations director.
BGL relaunches French comparison site with ferrets
The BGL Group has revealed the new identity of its price comparison business in France as Lesfurets.com or 'The ferrets'.
Xchanging unveils Apac expansion plans
Technology services provider Xchanging is to open two new delivery centres in the Philippines and China.
AM Best removes Aviva subsidiaries from under review
AM Best has reaffirmed the 'A' financial strength rating and 'A+' issuer credit rating of the insurance subsidiaries of British insurer Aviva.
Premium Credit sold to private equity house
Private equity firm GTCR has acquired Premium Credit from Bank of America affiliate MBNA Europe in a deal worth £900m.
R&Q completes Capstan acquisition
Randall & Quilter has formally completed the purchase of the entire share capital of Guernsey-domiciled Capstan Insurance Company.
RSA appoints SME deals head
Russell White has returned to RSA after five years at Allianz to become head of SME deals.
Lyons Davidson awarded ABS licence
Lyons Davidson has had its alternative business structure approved by the Solicitors Regulation Authority.
Racing drivers and footballers head up top premium paying professions
Racing drivers are in pole position in terms of professions that pay the most for car insurance, according to research carried out by Money Supermarket.
US firms hit by Sandy could face claims battle
Business losses triggered by superstorm Sandy are expected to be exacerbated by the fact that few firms have policies to cover loss of income when their operations are disrupted by a supplier’s poor fortune.
Ask the expert: Ali Foroshani
'I pride myself on performing well at interviews and, in previous years, always secured a range of job offers to choose from. However, my recent attempts to find a new job keep ending in failure after the interview stage. Any advice?'
Market moves: Ace and Hiscox lead the recruitment drive
Ace and Hiscox were the most active in the recruitment space this week, making three changes apiece.
Law report: Foreseeability of financial crisis defence no longer unassailable
Law reports contributed by national law firm Berrymans Lace Mawer.
Law report: EU rules have an impact on motor claims
Law reports contributed by national law firm Berrymans Lace Mawer.
Law report: EAT upholds striking out of claim presented out of time after documents lost in post
Law reports contributed by national law firm Berrymans Lace Mawer.
Website review: Co-operative Insurance
Slow response speeds and queuing mean performance is middle of the road.
Brokers rate clarity of contacts crucial amid continued insurer restructures
Axa has retained the top spot in a broker survey of insurer performances in dealing with claims, underwriting and accounts.
Insurance chief urges HMRC to open up records to boost EL tracing hit rate
The Employers' Liability Tracing Office is demanding that the government supports its call for HM Revenue & Customs to assist in boosting the number of successful historic policy traces by providing employer reference numbers.
Directors lose out as DLG axe falls on senior team
NIG sales and distribution director Dave Parry is among the highest profile figures to exit Direct Line Group amid fresh redundancies as the group targets £100m in gross annual savings by the end of 2014.
Police chief McBride calls for more insurer input to tackle metal theft
A police chief has urged insurers to tackle the spread of metal theft by improving the quality of claims data and sharing it with police and other stakeholders.
Gallagher sees Q3 income climb 14%
Arthur J Gallagher has reported a 14% rise in adjusted total revenues to $479m for the three months ending 30 September.
Linuo Power in solar warranty deal with Aon's China JV
International photovoltaic firm Linuo Power has launched warranty cover for solar modules supplied by Aon-Cofco, a joint venture between broker Aon and state-owned Chinese conglomerate Cofco Group.