News
Second motor summit puts whiplash and young drivers at top of agenda
A proposed panel of independent medical practitioners to tackle whiplash, and affordable cover for young drivers, topped the agenda at the second motor insurance summit at Whitehall, as Transport Secretary Justine Greening lamented there is "no one…
Proposals for standardised contract law spark debate among UK insurers
Industry leaders have vowed to keep a close eye on EU proposals to harmonise insurance contract law across the continent, amid concerns that brokers could face policy wording headaches.
Law report: Councils warned of potential legal challenge as bid to extend duty of care fails
Law reports contributed by national law firm Berrymans Lace Mawer
Law report: Best practice would have avoided shotgun accident
Law reports contributed by national law firm Berrymans Lace Mawer.
Ask the expert: Juggling two job offers
After a series of interviews in the market, I've been made aware that a couple of offers are heading my way. I am really torn between them but also want to use this to my advantage. How can I best go about this?
Market moves: A reinvigorated rehabilitation sector
Hot on the heels of its management restructure, and luring of QBE claims director Andrew McBride to work in its New York office, Ace has unveiled a double promotion in UK & Ireland casualty.
Mapfre reports rise of 11.5% in Q1 revenues
Mapfre reported revenues of €6,835m in the first quarter of 2011, citing "sustained growth of the international business" for the 11.5% rise.
Allianz promotes Daws in risk control
Allianz has promoted Stuart Daws to manager, risk control within its commercial division.
NFU and Ageas pay Accident Exchange undisclosed settlements
NFU Mutual and Ageas have reached settlement agreements with credit hirer Accident Exchange over their use of Autofocus evidence.
Mapfre continues to grow outside Spain
Spanish insurer Mapfre has reported Q1 revenues of €6,835m, up 11.5%, thanks to sustained growth of its international business.
Broker fears truth in Aviva GI and life sale rumour
Brokers are worried that Aviva could be planning to split into general insurance and life, and sold off.
Ace Scotland boss Macfarlane looks at new staff and broker business
Ace's new Scotland boss, Andy Macfarlane, pictured, could add to the firm's 200-strong Glasgow office with Aberdeen being a possible location owing to the insurer's contacts in the oil and gas sector.
Policyholder action group slams 'basket case' Aviva
Philip Meadowcroft, co-founder of the Norwich Union Policyholders Action Group, has branded former Aviva chief executive Andrew Moss' £1.75m golden goodbye a "pay off for failure" and the insurer a "basket case".
Weightmans grows by a third on mergers
National law firm Weightmans has reported turnover up by a third (£19.1m) to £77.1m for the 2011/2012 financial year (2010/11: £58m).
Markel promotes Leach to senior contingency underwriter
Specialist insurer Markel International has promoted James Leach to the position of senior contingency underwriter in its speciality division.
All eyes on Polish regulator after EC clears Warta aquisition
The European Commission has cleared under EU merger regulations the acquisition of Polish insurance company Warta by Germany's Talanx International and Japan's Meiji Yasuda Life Insurance.
Allianz 'on track' for 2012 target after €2.3bn profit in Q1
Allianz Group achieved revenues of over €30bn in the first quarter of 2012, compared to €29.9bn in the first quarter of 2011, according to preliminary figures.
'Significant' loss will harden rates outside cat exposed regions in July renewals
Price increases in the July reinsurance renewal period could be restricted to loss-affected sectors unless there is a further significant insured loss for the industry, Fitch Ratings has said.
Sogaz opens in Serbia
Russian insurance firm Sogaz has opened its first foreign subsidiary in the Republic of Serbia.
Belarus targets regulatory overhaul of insurance market
A major overhaul of the Belarus insurance industry is being planned in an effort to close the gap between Belarus and its European neighbours, according to online news agency Xprimm.
Jubilee hires former Swiss Re boss for speciality role
Lloyd's insurer Jubilee has appointed David O'Sullivan as head of life in a bid to grow the speciality life business.
XN Financial gets FSA green light for UK
Florida firm XN Holdings has secured Financial Services Authority approval for its UK subsidiary XN Financial Services to write insurance in the UK.
One in 10 homeowners do not have right insurance, research finds
Nearly 3.5 million UK homeowners do not have adequate home contents and buildings insurance, according to Money Supermarket.
CII membership up 6%, surplus up 142%
The Chartered Insurance Institute has published its Annual Review for 2011, showing a 6% rise in membership and an operating surplus of £1.85m, more than double last year's £0.764m