News
NFU Mutual returns to underwriting profit
Rural insurer NFU Mutual has turned an underwriting loss in 2010 of £150m into a profit in 2011 of £105m.
Malaysia sees improvements in corporate governance
Malaysia's quest to improve corporate governance in banks and insurance companies is seeing results, according to Malaysian news publication The Star.
Law firm Donns in administration with PI cases sold to Irwin Mitchell
Manchester personal injury law firm Donns has been forced into administration and its caseload has been bought by rival Irwin Mitchell.
Titanic centenary prompts safety concerns
Shipping loss rates have declined from one ship per 100 per year in 1912 to one ship per 670 per year in 2009, according to a report from Allianz to mark the centenary of the iceberg-hit ship.
Shipping sector faces new risks 100 years on from Titanic disaster
To mark the centenary of the Titanic sinking, Allianz Global Corporate and Specialty has recorded what it views as the biggest risks to the shipping industry today.
Declined risk pool aims to reduce losses for India's motor sector
The Insurance Regulatory and Development Authority's decision to implement a declined risk pool system for third-party motor insurance is likely to reduce the losses for Indian insurers, according to industry insiders.
MMA hires Thomson for north east
MMA Insurance has appointed Alexandra Thomson as business development manager for the north east, responsible for the development of broker relationships.
Brown appointed Berrymans' national senior partner
Mike Brown, pictured, has been elected as Berrymans Lace Mawer's new national senior partner to take over from Terry Renouf who has held the position since 2006.
Baxter returns to Power Place
Damian Baxter, pictured, has returned to Power Place as head of business development after departing in August 2010 for a role as head of sales at Keelan Westall.
Insurance Insight – top 10 stories
The 10 most read stories from www.insuranceinsight.eu over the past seven days.
LMA to put co-lead binder claims on ECF
The Lloyd's Market Association has launched a project to increase the volume of co-lead binder claims being managed using the market's ECF electronic claims handling system.
Eurozone crisis and Solvency II undermine Italian insurers' profitability
Italian insurers' growth and profitability is likely to remain subdued until the end of 2013, according to the latest report by Fitch.
Wouldham to head Axa's Maidstone office
AXA Commercial Lines has promoted Paul Wouldham to branch sales manager to lead the team at its soon-to-launch branch in Maidstone.
Sompo Japan and Nipponkoa merge to create global P&C firm
Japanese non-life insurers Sompo Japan Insurance and Nipponkoa Insurance are to merge into a single company in the first half of the 2014 financial year.
Ban on hospital claims management adverts would not work, insists Boleat
Hospital leaflet provider BOE has commissioned former claim management regulator Mark Boleat to compile a report defending its leaflets carrying adverts encouraging NHS patents to sue for damages.
EU foreign policy head confirms exemptions to Iran oil sanctions
Further details have emerged concerning the European Union's decision on Friday to allow some insurance for Iranian oil shipments heading for destinations outside the EU.
Now Health streamlines claims admin for large groups
Health provider Now Health International has removed the requirement for large group members to provide a doctor's signature or original receipts for all new claims, regardless of size.
CED continues expansion in Spain with Tebex takeover
Loss adjusting and claims management firm CED has reinforced its position in Spain with the takeover of Tebex Daño Corporal.
RSA in summer time eyesight plea
RSA's UK & Western Europe chief executive, Adrian Brown, pictured, has warned of an increase in crashes after the clocks jumped forward an hour on Sunday morning. He used the change to call for better eyesight testing of drivers.
UK P&I club to establish UK Europe as sole direct insurance provider
The UK Protection and Indemnity Club has announced that it is reorganising its structure to establish UK Europe as the sole provider of direct insurance to UK Club members.
Saudi Arabia poll result
Is Saudi Arabia the next growth market for insurance?
ISE 2012: Europe should prepare for the worst
European insurers should prepare for the worst but hope for the best according to Chris Smith, global Europe director for RSA.
ISE 2012: EIOPA sees ‘new spirit’ after Solvency II vote
There is a new spirit and momentum to Solvency II following this week’s vote according to the European Insurance and Occupational Pensions Authority.
ISE 2012: UK regulator’s emphasis on board role in risk management could attract “wrong” sort of execs
Following the bank crisis the Financial Services Authority in the UK has focused more closely on the board’s role in risk management in a move which could be bad for non-executive directors according to a legal expert.