News
IAG improves claims guidance
Insurance Australia Group is expecting a better claims performance for its current financial year than forecast.
AIA and Discovery in lifestyle venture
Discovery to introduce its 'wellness-based' life insurance model to AIA's customers in the Asia-Pacific region.
Fitch affirms QBE's ratings
Fitch Ratings has affirmed QBE's long-term issuer default rating at A, and its subsidiaries' insurer financial strength ratings at A+, both with a stable outlook.
Portal extension rules published 14 days ahead of implementation
The Ministry of Justice has revealed rules for the extension of depth and breadth of the road traffic accident portal two weeks ahead of its actual implementation.
Zurich's David Smith to chair Polaris UK
Industry-owned standards and technology body Polaris UK has appointed David Smith as its chair.
Aspen puts Q2 cat losses at £39m
Bermudian insurer Aspen has announced an initial loss estimate of $59m (£38.8m) for the second quarter of 2012.
Foil attacks “misguided” ad branding insurers “muggers”
A £300 000 advertising campaign featuring the strap-line "don't get mugged by an insurer" has been slammed by the Forum of Insurance Lawyers.
Allianz Engineering to pilot mobile surveyors device
Allianz's engineering division is to pilot a handheld mobile device that will streamline reporting for its surveyors.
RSA hikes pensions contributions despite 36% drop in deficit
RSA has increased to contributions to its pensions deficits, in spite of valuations showing a drop of more than a third in the size of the shortfall, due to lower bond yields.
Aon faces $1m Superstorm Sandy lawsuit
A New York based-contractor is suing Aon Risk Services for more than $1m for allegedly failing to obtain adequate coverage for the firm, which suffered losses following Superstorm Sandy.
Aon sued for $1m over Superstorm Sandy coverage gaps
Aon Risk Services is being sued by Uberto, a New York-based contractor specialising in home renovation, over allegedly failing to obtain adequate coverage for the firm, which suffered losses following Superstorm Sandy.
Keelan Westall introduces underwriting proficiency test
Recently acquired wholesale property broker Keelan Westall has introduced an annual proficiency test for underwriters, designed to improve the service given to customers.
Fico close on UK fraud deal after ‘bake-off’ success
The vice president of Fico’s global insurance and healthcare practice has revealed that it is close to striking a major deal in the UK counter-fraud space having "blown insurers away" with its latest offering.
Quindell takes 19% stake in US telematics provider
Outsourcer Quindell has completed a deal for a 19% stake in Himex, as US provider of usage-based insurance products.
Protect Your Bubble appoints Basinger as UK head
Gadget insurance specialist Protect Your Bubble has appointed Rob Basinger, former head of lending and insurance at ING Direct, to lead its UK team.
First Assist launches new health, life and accident products
White-label insurance provider First Assist Insurance has added two new insurance products as part of its health, life and accident portfolio: Surgery Cash Plan and Simple Critical Illness.
Admiral apologises over Welsh language complaint
Admiral Insurance has apologised to a Welsh-speaking customer who was told every conversation had to be recorded in English to satisfy regulators, the BBC reported.
Marsh and AGCS provide quick access to claims' funds
March and Allianz Global Corporate & Specialty have committed to provide rapid access to working funds for the joint clients in the event of a major claim.
Midwives target government funding as captive solution given green light
Independent midwives have been given the green light to set their own adequacy for a captive insurance solution, ahead of mandatory legislation meaning they must have professional indemnity cover to practice.
Marsh and AGCS launch claim promise
March and Allianz Global Corporate & Specialty have committed to provide rapid access to working funds for the joint clients in the event of a major claim.
Brokers fear standards decline as Aviva closes almost half its regional offices
Market insider claims redundancies could net insurer £100 000 per employee.
Axa’s whiplash proposals attacked for being ‘expensive and unnecessary’
French methods of using X-rays and MRI scans slammed by claimant bodies.
Rates drop as motor insurers anticipate legal reform windfall
Average car insurance premiums have plunged in the second quarter of 2013, following the implementation of key parts of the Legal Aid, Sentencing and Punishment of Offenders Act.