News
Rogue PPI callers face £250 000 fine
Two people who sent millions of spam text messages offering pay-outs for accidents a person never had, or PPI claims they were not entitled to, face a fine of more than £250 000 fine by the Information Commissioner's Office.
FSA to change free float limit under new listing proposals
The Financial Services Authority has proposed plans to lower the free float limit for UK-listed companies as part of a package of reforms designed to enhance the listing regime.
Lloyd's Italy sees 20% growth in H1
Lloyd's bucked the European economic trend to grow 20% in Italy in the first half of 2012.
Talanx floats on Frankfurt Stock Exchange
Talanx AG has started trading on the Frankfurt and Hanover stock exchanges at €19.05 after two failed floats.
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.
Judgment on damages uplift faces further delays as new Chancellor is sworn in
The Court of Appeal's written judgment on how the incoming 10% rise in general damages will be implemented has been further delayed, much to the exasperation of interested parties.
Lemma faces liquidation after deterioration in finances
The Gibraltar Financial Services Commission has confirmed that Lemma Insurance Company has gone into liquidation.
Hastings Partnerships wraps up van deal with Kingfisher
The affinity division of Hastings Direct, Hastings Partnerships, has been appointed as the exclusive provider of commercial vehicle insurance to the Kingfisher Group UK and Ireland division.
Axa leads the way for insurers in top 100 best global brands list
Axa has been named the highest ranking insurer in the 2012 Interbrand top 100 Best Global Brands list, after increasing its brand value by 1% to $6.75bn (£4.18bn).
Axa snaps up PR expert as director of corporate affairs
Axa UK has appointed international public relations guru Richard Stephenson as director of corporate affairs.
Asta Capital names Tighe as COO and CFO
Lloyd's third-party syndicate manager Asta Capital has appointed Julian Tighe, pictured, as chief operating officer and chief financial officer.
R K Harrison agrees partnership with Chile's biggest independent broker
R K Harrison Insurance Brokers and Chile's largest independent broker, Conosur Corredores de Seguros Y Reaseguros, have reached an exclusive agreement to cooperate on all new business emanating from the South American country.
Hong Kong and Taiwan seek insurance cooperation
Hong Kong and Taiwan are negotiating cooperation agreements on insurance regulation and arbitration, it emerged last week.
Travelers appoints European COO
P&C insurer Travelers has appointed former Willis global specialty boss Matthew Wilson as its new chief operating officer.
Travelers appoints Willis' Wilson as COO Europe
Travelers has appointed Matthew Wilson as chief operating officer for Europe.
Pricing and claims improving in French GI sector
The French general insurance sector's outlook is stable, despite weak volume growth over the past 12 months, according to Fitch.
RK Harrison and Conosur join forces in Chile
RK Harrison Insurance Brokers and Conosur Corredores de Seguros Y Reaseguros have reached an exclusive agreement to cooperate on all new insurance and reinsurance business emanating from Chile.
UK non-life insurance sector remains stable
Fitch Ratings has maintained a stable outlook on the UK non-life insurance sector, even as fundamental indicators remain weak.
Typhoon Jelawat dissipates causing little damage
Typhoon Jelawat passed over Japan's main island of Honshu yesterday as a weakening tropical cyclone, and the remnants are currently over the north west Pacific ocean, racing away from Japan at about 85km/h.
Solicitors' risk pool applicants rise in 2012
The number of solicitors applying for professional indemnity cover via the assigned risks pool went up this year, according to initial figures released by the Solicitors Regulation Authority.
JLT is "well run" and "fully valued"
JLT's share price is now "fully valued" having risen 19% in the past 12 months, according to Panmure Gordon.
Brake technology to cut insurance premiums
Motorists who buy cars fitted with autonomous emergency braking technologies as standard could benefit from cheaper insurance premiums from this month.
White Oak Underwriting announces internal appointments
White Oak Underwriting has appointed a new underwriter, claims adjuster and deputy compliance officer.
SBP completes Giles rebrand
Insurance broker SBP Chapman Stevens has rebranded as Giles Insurance Brokers.