News
Former Willis bosses brought in to manage Faber launch
Faber Global, the group formed through the amalgamation of Willis Facultative and Glencairn, has today revealed the launch of a facultative and wholesale broking business.
Opening China's mandatory motor market won't harm domestic insurers
The Chinese government's decision to open the third-party motor liability market to foreign insurers is unlikely to adversely affect local insurers, according to the nation's biggest non-life insurer.
QBE merges casualty, professional and financial lines
Business insurance specialist QBE is combining its casualty international and professional and financial lines teams to form a new division, from 27 February 2012.
Lloyds bank reclaims bonuses over PPI
Lloyds Banking Group is to become the first bank to strip directors of their bonuses because of the payment protection insurance mis-selling scandal, according to The Telegraph.
Tesco deal gives Ageas a record year
Ageas UK cited organic growth and its new Tesco business for a near 70% boost to its premium income for 2011 to £1,979.5m and a record profit of £105m compared with a loss of nearly £25m in the previous year.
Argent expands with ex-Garwyn pair
Argent Liability Adjusters has announced a series of hires across its national network.
Broker satisfaction with insurers on the rise in commercial lines
Satisfaction among brokers in terms of working with insurers has increased for commercial lines over the past five years, but remains 'stable' in the personal lines sphere.
IRM launches Turkish version of ISO 31000 guidance
The Institute of Risk Management has launched a Turkish version of its ISO 31000 guidance.
China confirms motor market will open to foreign insurers
China's vice president, Xi Jinping, has met his opposite number Joe Biden in the US and confirmed China will open its market to foreign insurers.
Mapfre extends relationship with Dah Sing in China to road assistance
Road Assistance China has teamed up with Chinese insurance firm Dah Sing to offer its clients two new services.
Zurich's motor product to be rolled out on remaining aggregators "as soon as practically possible"
This follows the launch in December 2010 of a new online motor insurance product available direct via Zurich's website and through Confused.
Claims Awards deadline two weeks and counting
Following another tough year for many, the second annual Claims Awards, hosted by Post Magazine's Claims Club, will provide a spectacular opportunity for the entire claims community to showcase and celebrate best practice, innovation and excellence in…
Cega recruits doctors and bolsters IT
Emergency medical assistance and claims management provider Cega Group has recruited two new doctors to its medical team.
Systemic risk poll result
Is it right not to label insurance companies as systemically risk institutions?
Chartis warns on Olympics and boosts cover
Chartis has warned that the Olympics in London this summer poses huge risks for businesses.
Swinton creates 100 jobs in new policy deal with vehicle information firm
Motor insurer broker Swinton has created 100 call centre jobs by joining forces with vehicle information expert HPI to offer free comprehensive cover for seven days.
BSA says fire sprinklers save water
The Business Sprinkler Alliance is using crisis talks on water saving measures to call on UK businesses to install automatic fire sprinklers as an active measure to save billions of litres of water every year.
SRA receives 121 ABS applications
The Solicitors Regulation Authority has revealed it has received 121 Stage 1 applications from organisations wanting to be regulated as an alternative business structure.
MGAA elects board and targets FSA regulation
The Managing General Agents Association has formed its first elected board with Reg Brown as chair.
BT Claims to serve insurers and brokers
Telecoms firm BT's in-house claims arm has applied to the Solicitors Regulation Authority to become an alternative business structure, with plans to offer services to insurers and brokers.
Garwyn calls for "thorough" fraud investigation of claims to tackle compensation culture
Liability adjuster Garwyn has welcomed the government's initiatives to tackle the compensation culture following the insurance industry's meeting with Prime Minister David Cameron and business leaders.
Direct Line Italy selects provider for improved claims management system
Direct Line Italy is launching a claims management system to support the company's continuous growth and maintain customer satisfaction.
William Russell launches global plans in Abu Dhabi
International expatriate insurance specialist William Russell has opened its global health, life and income protection insurance plans to businesses in Abu Dhabi.
Japan earthquake risks rise to 93%
Catastrophe modelling firm Air Worldwide has said the Tohoku-Oki earthquake changed the landscape for quake risks in Japan, increasing the risk of severe quakes from 72% to as high as 93%.