News
Noonan: Flagstone integration on verge of completion
The merger with Flagstone Re could be complete within a fortnight, says Validus chairman and CEO Ed Noonan.
Transsexual policy holders entitled to breast enlargement, German court rules
Male-to-female transsexuals can claim for breast enlargement surgery under their insurance policy if hormone therapy fails to give them a feminine shape, a German court has ruled.
Giles unveils reinsurance division
Giles Group has launched a new reinsurance division called EC3 Brokers after months of anticipation.
Insurers fear rise in multinational and export risk
Over half of European companies believe that doing international business has become more risky over the past five years, and 95% feel their own company has become more concerned about multinational and export risk over the period, research published…
UIB wins European solar deal as part of bid to double property porfolio
International reinsurance broker UIB has been appointed to provide reinsurance for the Activ Solar GmbH Solar Park in southern Ukraine.
Peter Elliot leaves Bluefin
Bluefin head of marketing Peter Elliott, pictured, is to leave the company with immediate effect.
International business fears rising, says Ace
Over half of European companies believe that doing international business has become more risky over the past five years.
IFED head blames rise in insurance fraud on "greed" not recession
The senior policeman who runs the Insurance Fraud Enforcement Department believes that "greed" rather than the economic downturn is the main contributory factor to a rise in insurance fraud.
UIB wins reinsurance contract for Europe's 'largest solar park'
International reinsurance broker UIB has secured a deal to provide reinsurance for the Activ Solar GmbH Solar Park in southern Ukraine.
Chinese economic policy threatens country's SMEs
Efforts by China's government to stimulate the country's flagging economy could weaken small to medium sized businesses, causing a wave of payment defaults, according to Coface.
Quinn Insurance administrators could take legal action against directors
Quinn Insurance administrators could take legal action against the company's former directors for alleged reckless trading.
Insurers finalising Solvency II preparations despite delays
Delays to the Solvency II framework have not dampened insurer appetite for Solvency II products, according to Interactive Data.
Charles Taylor adjuster joins Axis in Mexico
Axis International Loss Adjusters and Surveyors has continued to expand its ex-pat team in Mexico by appointing Dax Stuart-Cox, pictured, as senior insurance and reinsurance loss adjuster.
Aspen recruits former Hiscox head
Aspen Risk Management has appointed Lee Chelton, pictured, as head of regional professional indemnity.
Talanx scraps IPO
Talanx AG is cancelling its initial public offering after investor's valuations of the company "deviated significantly" from the valuation given by banks managing the IPO.
Talanx pulls out of IPO
German insurer Talanx AG is to cancel its initial public offering after investor feedback on the company's valuation "deviated significantly" from analyst estimates.
Fraudulent claims reach £19m every week, says ABI
More than 2,500 fraudulent claims are discovered by insurers every week, according to a report published today by the Association of British Insurers.
ABI launches Insurance Fraud Register
The Insurance Fraud Register launched today after two years of trials and talks between the Association of British Insurers, its members and the Information Commissioner.
Why I moved away: Lloyd East, Al Ahlia (part of RSA)
RSA Group's Lloyd East recently relocated to Oman to become CEO of Al Ahlia. He talks to Post about why he made the move.
Market moves: High-profile changes at Allianz, Zurich and Towergate
The industry witnessed a number of major departures this week with Chris Hanks, Karl Bedlow and Nick Houghton leaving their roles at Allianz, Zurich and Towergate respectively.
Law report: Risk assessment ruled unnecessary
Law reports contributed by national law firm Berrymans Lace Mawer.
Law report: Judge finds lack of scrutiny caused 'fatally flawed' claims
Law reports contributed by national law firm Berrymans Lace Mawer.
Law report: 10% personal injury damages increase to apply to all judgments given after 1 April 2013
Law reports contributed by national law firm Berrymans Lace Mawer.
ABI concedes two-year delay in mesothelioma payments 'not ideal'
The Association of British Insurers' head of motor and liability, James Dalton, has defended a new scheme to provide compensation to workers exposed to asbestos who are unable to trace a liable employer or insurer.