News
ISE 2012: France to suffer extreme temperatures due to global warming
Andreas Sterl, senior researcher at the Royal Netherlands meteorological Institute, has warned that France will be particularly affected by global warming.
Chinese government tightens insurance supervision
Administrators at Chinese state-owned insurance companies have been brought under higher-level supervision owing to the promotion of senior industry figures.
ISE 2012: Luzzi says firms must think in global terms
Opening the inaugural Insurance Strategy Europe event, Jorge Luzzi, president of the Federation of European Risk Management Associations and director of group risk management at Pirelli, told delegates that a global view is essential going forward.
CII and AMII develop health and protection insurance broker designation
The Association of Medical Insurance Intermediaries and the Chartered Insurance Institute have agreed specific membership designation for health insurance and protection intermediaries - Cert CII (Health and Protection).
Talbot Syndicate 1183 makes reduced profit
Validus Holdings-owned Lloyd's insurer Talbot Underwriting has said its Syndicate 1183 made a profit 70% down at £19.5m (2010: £64.7m) on a combined ratio of 99% (2010: 90.1%).
RSA appoints new SME trading director
RSA has appointed a new SME trading director as part of what the company said is a renewed focus on the SME market.
ISE 2012: Portugal to follow Greece but sovereign defaults won't 'cripple' insurers
Kurt Karl, managing director, chief economist and head of economic research and consulting at Swiss Re, has predicted that Portugal will be the next nation to default, but that it will not cripple the insurance industry.
Allanfield expands real estate team
Property insurance broker Allanfield has named Paul Leader, left in phot, and Paul Williams, right, as managing directors of companies in the Allanfield group.
ISE 2012: France to suffer extreme temperatures due to global warming
Andreas Sterl, senior researcher at the Royal Netherlands meteorological Institute, has warned that France will be particularly affected by global warming.
ISE 2012: Luzzi says firms must think in global terms
Opening the inaugural Insurance Strategy Europe event Jorge Luzzi, president of the Federation of European Risk Management Association and director of group risk management at Pirelli, told delegates that a global view is essential going forward.
Career file: Mike Keating resurfaces at Midas
Former Axa Personal Lines director Mike Keating has taken up a new post at Midas Underwriting.
Oval and Giles management changes sign of wider consolidator shake-up
The change at the top at Oval has been a "long time coming", it was claimed this week, during a 24-hour period that saw another shake-up at rival consolidator Giles result in managing director Sarah Lyons being placed "on leave" amid "contractual issues".
Calls for telematics standardisation splits industry opinion
Rival firms raise question marks over Wunelli chairman Sandy Dunn's proposals
European sovereign debt hits insurer profits
2011 was the worst year on record for natural catastrophes, yet it was cracks in the Dow Jones, faults in the FTSE and tremors on the Hange Seng that bothered many insurers more.
Updated whiplash book proposal finds support despite reservations
Law firm Lyons Davidson is launching a campaign to republish an updated version of the whiplash book, in a bid to tackle the claims epidemic.
Career development: Tackling the issue of attracting young claims talent
For several years there has been increasing concern around the long-term resourcing of claims departments. There is clearly a need for new blood in the London claims market but, where is that going to come from?
Market moves: UK General and Towergate lead the pack
Insurer UK General and broker Towergate were the main movers and shakers this week, appointing a new chief operating officer and director of group mergers and acquisitions respectively.
Budget 2012: Local authorities to receive support amid risk concerns
Zurich Municipal’s director of public services has played down fears of deteriorating risks within “overstretched” local authorities following claims that roads across the UK are in need of a £10bn upgrade.
Insurance Europe disappointed by ECON's approval of long-term guarantees
Insurance Europe, formerly the CEA, welcomed the approval of the provisions in relation to non-life and health insurance by the European Parliament’s economic and monetary affairs committee today, saying it hoped to see them included in the final Omnibus…
Hardy advised by Debevoise & Plimpton over sale
Hardy Underwriting is being advised Debevoise & Plimpton over the insurer's £143m deal with CNA.
Solvency II changes ignore industry concerns, E&Y says
The European Parliament’s Economic and Monetary Affairs Committee’s agreed Solvency II amendments disregards industry proposals, according to Ernst & Young.
Cash deal and incumbent Hardy bosses swung CNA deal
CNA's decision to keep Hardy chief executive Barbara Merry and chief underwriting officer Patrick Gage along with the cash deal secured the deal.
Editor's comment: Sants move raises FSA transition concerns
Having been convinced by the Conservative-Liberal coalition to withdraw his resignation and extend his stay once before, the Financial Services Authority chief executive officer Hector Sants' decision to step down in the summer was something of a…
Budget 2012: No nasty surprises for insurers as firms wait on Finance Bill
The insurance-specific measures announced in George Osborne's budget speech have been branded "wholly expected" by Deloitte insurance tax leader Anne Hamilton.