News
Riot compensation scheme 'not fit for purpose'
The Association of British Insurers has called for an overhaul of the law that provides for compensation to be paid to the victims of riots.
Ombudsman reports 51% increase in PPI complaints
Complaints to the Financial Ombudsman Service about payment protection insurance increased year on year by 51%, and accounted for 60% of all new cases in 2011/2012.
Broking holds back Towergate in Q1
Towergate Insurance's Q1 figures show that its broking business suffered as overall group income was up 2% to £105.5m (2011: £103.3m) and group operating earnings were up 9% to £34.3m (2011: £31.4m).
TL Dallas chairman Colin Dallas dies
Bradford broker TL Dallas Group chairman Colin Dallas has died at home after a long illness.
Eqecat puts €100m price on Italy quake
Catastrophe risk modelling firm Equecat has estimated insured losses of around €100m for the northern Italy earthquake on 20 May, but warned of uncertainty.
Aon names McGill as group president
Aon has made Steve McGill group president to oversee the development of the firm's overall growth strategy and opportunity planning.
IFB appoints Buck to roll out Insurance Fraud Register
The Insurance Fraud Bureau has recruited Andrew Buck to oversee the launch of the industry's Insurance Fraud Register.
Pannone appoints business development manager
Manchester law firm Pannone has appointed former Axa Corporate Partnerships manager Kate Burke as business development manager for its Affinity Solutions division.
Capita takes over Medicals Direct
Capita has bought the medical screening services provider Medicals Direct Holdings for £13.2m, on a cash free, debt free basis, and a deferred consideration, linked to profit performance, of up to £2m.
Law firm calls for tighter laws on metal theft
A City law firm has called on the government to resurrect the Metal Theft (Prevention) Bill and tackle the scrap dealers head-on.
Insurer boards urged to take risk control more seriously
Insurance company boards have failed to adopt anything beyond a "general tick-box attitude" to risk culture, a consultancy firm has warned.
MySlipcase social network launched for insurers and reinsurers
A former Willis broker has set up an online business networking platform for the insurance and reinsurance industry called MySlipcase.
South Korea uncovers major health insurance scam
South Korea's financial regulators have uncovered the country's biggest insurance fraud, involving more than 1,300 people and three hospitals, the China Post reports.
Chaucer set to launch new marine package
Chaucer Syndicate 1084 has launched a new marine package underwritten by Coastal Marine Services, a UK marine insurance underwriting agency.
Marsh forms public agency team for political and credit risks
Broker Marsh has formed a global public agency team comprised of senior specialists within its political risk and trade credit practice to assist clients in procuring public insurance coverage.
Solvency II poll result
Barnett Waddingham has criticised insurance firms over Solvency II readiness.
RSA reorganises speciality business
RSA has consolidated its global speciality business in a bid to link brokers and customers seeking global expertise and capacity.
BIBA 2012 Video: Freebies, nights out and reflections on the conference
We ask attendees how successful they think the conference was and lift the lid on what they got up to in the evenings.
Helvetia grows occupational benefits premium in 2011
Helvetia Switzerland increased premium income in its occupational benefits business by 18.7% to CHF2.48bn in 2011.
Xchanging names Reynolds to lead sales
Business process and technology services provider Xchanging has appointed Mike Reynolds as global sales director of insurance with immediate effect.
Lorega backs policyholder legal battle with Davies
A Welsh policyholder's four-year dispute with Davies Group over its alleged mis-management of his property claim represents "the tip of the iceberg", according to Lorega chairman Malcolm Harvey, who has agreed to take up the case free of charge.
ALC increases Prima cover limits
Global medical insurer ALC Health has increased the annual limits of its Premier, Classic and Ibérica plans as part of a review of the Prima range of medical insurance plans.
Magnitude 6.0 earthquake strikes northern Italy
An earthquake that struck the Emilia-Romagna region of northern Italy in the early hours of 20 May was the strongest in the country since the magnitude 6.3 L'Aquila quake in 2009.
RSA puts specialty into three divisions
RSA has reorganised its speciality businesses around the world into three key divisions to join up brokers and customers seeking global expertise and capacity.