News
Prettejohn to leave Brit
Brit Insurance’s non-executive director Nicholas Prettejohn will retire from the company’s board at the end of June, following his appointment as non-executive director of the Prudential Regulation Authority.
RSA renews Motability deal with six-month pricing clause
RSA has renewed largest commercial lines contract, having secured the option to re-price policies every six months.
Piracy on the rise in West Africa
Piracy attacks on the West African coast are now more frequent than Somali piracy, a report by the International Maritime Bureau and other organisations said.
Capita's Andrew Beer passes away
Andrew Beer, managing director of Capita Insurance Services’ corporate division, has passed away.
Allianz's UK CEO in US move
Andrew Torrance is to take over as chief executive of Allianz’s US-based Fireman’s Fund Insurance Company after a decade as CEO of Allianz UK.
Indian insurers trial telematics
A box which monitors driver's behaviour to help adjust premiums is being trialled by several insurers in India.
Directors and officers' premiums soar in China
The costs of obtaining directors' and officers' insurance has soared thanks to a rising number of multi-million dollar lawsuits.
50 killed in India after unusual heavy June rain
50 people have been killed in strong early monsoon rains in India after the monsoon season started two weeks early.
Dutch insurance association rues "missed opportunity" on flood cover
The Dutch Association of Insurers has issued a stark warning on flood cover, after the Consumer & Market authority declared its proposed flood solution "violated competition law".
Competition watchdog says Dutch flood proposals are anti-competitive
The Netherlands’ Consumer & Market Authority has delivered a blow to plans to make flood coverage mandatory from January 2014, saying the proposals violate competition law.
Allianz CEO Torrance to move to US role
Andrew Torrance is to take over as chief executive of Allianz’s US-based Fireman’s Fund Insurance Company after a decade as CEO of Allianz UK.
Ex-RBSI claims trio targets insurance industry with advisory firm
A group of senior claims professionals have joined forces to target the insurance sector with the aim of helping firms navigate the raft of new legislation that is reshaping the industry.
RSA and Ageas sign bilateral agreement
RSA and Ageas Insurance have signed a bilateral agreement in a move aimed at tackling motor insurance claims costs.
Hannover Re flood loss may exceed €100m
German reinsurer Hannover Re said today its net loss from the recent flooding in Central Europe could exceed €100m.
Eiopa report is key milestone in Solvency II implementation says PwC
The publication of Eiopa’s long-term guarantee report could pave the way for political agreement on Solvency II, according to PwC.
Cunningham Lindsey client director joins McLarens
McLarens has appointed David Walker as executive director. He joins the firm from Cunningham Lindsey where he held the position of client director.
Eiopa advises policymakers to scrap counter-cyclical premium in LGT report
The European Insurance and Occupational Pensions Authority has published the findings of the Long-Term Guarantee Assessment it conducted as part of political discussions on finalisation of the Omnibus II Directive.
XL Group appoints casualty underwriting manager Europe, reinsurance
XL Group has hired Valérie Devaux–Piquer as casualty underwriting manager, Europe, reinsurance to replace Dieter Kohl, who retires this summer.
Insurance infographic: The Impact of the 2011 Energy Act on property lettings
In this insurance infographic, Zurich focuses on the Energy Act 2011 which contains provisions to make it unlawful from April 2018 to rent property that does not hit minimum energy efficiency standards.
The Co-operative plans stock market listing
Shares in the Co-operative Bank will be available on the stock market for the first time as part of a plan to strengthen its capital position to the tine of £1.5bn.
Ecclesiastical unveils new technical manager
Specialist insurer Ecclesiastical has appointed Craig McLaughlin as casualty technical manager.
Cooper Gay hires global M&A head
Cooper Gay Swett and Crawford have hired Oliver Homer as global head of mergers and acquisitions, effective 17th June 2013.
Dataforce names Validus' Dering as business development director
Outsourcing provider Dataforce has appointed David Dering as business development director to lead the growth of the company’s motor claims business.
Government urged to take action on young drivers
A range of industries are calling on the government to take decisive action to stop the tragic loss of young lives on Britain’s roads.