News
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.
Top five Asian news stories
The top five Asian news stories from www.insuranceinsight.com over the past seven days.
JLT Re makes additions to CEE team
JLT Re has expanded its team serving Central and Eastern Europe with the addition of Sergey Grazhdankin and Edmond Wodehouse as partners.
Institutional investors testing the waters as Direct Line Group floats
Some institutional investors are taking a 'suck it and see' approach to the Direct Line Group float, assessing how issues facing the motor insurance sector affect the firm's share price before taking a slice for themselves, according to analysts.
Contractors resigned to losing payments following Merlin collapse
Contractors owed thousands of pounds by Merlin have approved voluntary liquidation of the loss adjuster, despite being pessimistic at the prospect of recovering payments.
Insurers welcome landmark victory in pursuit of contempt of court charges
Insurers are expected to pursue contempt of court charges with renewed enthusiasm in fraud cases after a judge's decision to strike out an entire third-party claim, declaring that a woman's exaggeration of her injuries represented an abuse of process.
Apil president slams last minute addition to ERR bill
Association of Personal Injury Lawyers president Karl Tonks has accused the government of playing "fast and loose" with people's safety, following an 11th hour addition to the Enterprise and Regulatory Reform Bill.
Lloyd's gains from best first half in five years
Lloyd's has recorded its best first-half results for five years, according to figures from Aon Benfield, reporting a pre-tax profit of £1.5bn for the first six months of 2012.
Aon to rival Marsh's Project Noah to fill SoP flood insurance gap
Aon Benfield has become the latest company to offer a potential solution to fill the flood insurance gap left by the expiration of the Statement of Principles in June 2013.
Aviva introduces two new products to e-trading platform
Aviva has added two commercial products to its expanding e-trading platform ‘Fast Trade’, in the form of minifleet and professional indemnity cover.
Bluefin builds Birmingham corporate team
Bluefin has named Aon's Adam Morris and Lisa Tollley as account directors in Birmingham with immediate effect.
Willis appoints Plumeri successor
Willis' board of directors has chosen Dominic Casserley, pictured, as the company's next chief executive.
APC brings in northern development boss
Commercial insurance underwriting agency APC has appointed former Singers Asset Finance development manager Neil Jenkinson to fulfil a similar role in the firm's northern operation.
Arc Legal to expand Northern Ireland family legal business
Arc Legal has inked a deal to supply Swinton's Open + Direct Northern Ireland clients with family legal protection products.
Keychoice launches Adding1 tie-up on excess protection
Broking community Keychoice has partnered with Adding1 to offer its members a range of excess protection policies for motor, home and lifestyle policyholders.
IMS Group enters Baronsmead partnership
Regulatory consultancy the IMS Group has announced a deal with Baronsmead Partners to collaborate on clients' risk management needs.
Willis announces CEO succession plans
Insurance broker Willis has announced that Dominic Casserley, pictured, is to succeed group CEO Joe Plumeri from 7 January with Steve Hearn as deputy CEO.
Zurich 'disappointed' with $550m adjustments to German GI
Zurich Insurance Group will strengthen its claims provisions, primarily in long-tail liability lines, and write-off a portion of its deferred acquisition costs, following a review of the firm’s German general insurance business, including a claims file…
Groupama places property owners product on Insurecom
Insurance software company Insurecom has added Groupama Insurances' property owners product to its commercial lines platform.
Hyperion appoints Lord Forsyth as non-executive director
Insurance group Hyperion has appointed former government minister and JP Morgan deputy chairman Lord Forsyth as a non-executive director.
Liability insurance lines growing faster than global economy
Commercial insurance premiums in emerging markets have grown by an average of 14% a year in the past decade, two to three times faster than in developed markets.
Risk managers urged to heed climate change
The human impact on the environment has been a major factor in a quintupling of weather-related loss events in North America during the past three decades, according to Munich Re.
JLT Re expands CEE expertise by adding two partners
JLT Reinsurance has demonstrated a continued focus on expanding capabilities in central and eastern Europe with the appointment of two new members to its non-marine team in the region.
HDI Gerling CEO to head AGCS' Mediterranean unit
Patrick Thiels, chief executive of HDI Gerling in Belgium and Luxembourg, will join Allianz Global Corporate & Specialty from 1 April to lead the insurer's new Mediterranean division.