News
CEA welcomes EU-US trade insurance working group
The CEA and the American Council of Life Insurers have welcomed the establishment by the Transatlantic Economic Council of a high level working group on jobs and growth.
BGL founder steps down as chairman
BGL Group has confirmed the departure of company founder Douw Steyn, who has stepped down from his role as non-executive chairman 20 years after setting up the UK business.
European insurers consider PE and hedge funds for Solvency II liabilities
Insurers may look to alternative asset classes, such as private equity and hedge funds, as Solvency II gets closer, according to a report.
Hamilton Fraser takes over Ceart policies
Medical liability insurer Hamilton Fraser Cosmetic has stepped in to take over the policies of Ceart Risk Service after it went into administration on 19 January.
Sterling targets northern presence with Manchester office opening
Sterling Insurance has today revealed that the new team that will run its northern office in Manchester will be led by former NIG and Travelers underwriting manager Martin Kerrison.
Bluefin boss takes over reins as CII broking faculty chair
Bluefin chief executive Stuart Reid has vowed to promote the "highest standards of competence" following his appointment as chair of the Chartered Insurance Institute's insurance broking faculty.
Law firms' ABS will lead to M&A activity
Alternative business structures that allow non-lawyers to control and own law firms will result in a frenzy of mergers and takeovers, according to the latest Insurance Market Update from Deloitte.
Arista boosts Manchester with new boss
Commercial lines underwriter Arista Insurance has appointed Jim Morrison, pictured, as regional manager for the north, and Steve Davidson as senior underwriter.
Skiers rescued from European slopes face £16,000 bill
Skiers hurt or lost on the slopes in Europe could find themselves being presented with an average bill for £16,000 (€19,000) if a search and rescue team is called out to help them, according to research by Complete Ski.
QBE launches cyber response policy to counter data breaches
QBE has underlined the importance of insurers offering products to protect companies against the threat of data breaches, following the launch of the firm's new cyber response policy.
Great Eastern CEO optimistic about Southeast Asian market
Asia's oldest insurance group, Great Eastern, remains bullish on the prospects of the industry in Southeast Asia, despite the eurozone crisis, low penetration rates and insufficient coverage in several regions.
Liberty Europe targets energy and construction in Spain with two new hires
Liberty International Underwriters Europe has made two senior appointments in its Madrid office, as the firm looks to grow its energy underwriting and construction capabilities in Spain and Portugal.
CIRC urges Chinese motor insurers to improve claims practices
Motor insurers in China have been given three years to improve their claims management practices by the regulator CIRC.
Axa: fraud adds £607 to a home claim
Axa Personal Lines says it has seen an ongoing rise in the number of people exaggerating their home insurance claims.
Markerstudy gets training go-ahead
Markerstudy has been granted 'Centre status' by the Institute of Leadership and Management, enabling it to tailor ILM programmes to suit staff needs.
Industry loss estimates for Thai floods increase to $15bn
The Thai floods could be one of the top five costliest insurance events of the past three decades, according to AM Best.
Bernardino urges EC to agree Solvency II timeline
The chairman of the European Insurance and Occupational Pensions Authority has again expressed concern about the impact of Solvency II delays.
RSA disappointed in lack of clarity for RTA portal extension
Neil Lightbown, RSA's underwriting director for the UK and Western Europe, said however that it is a "step in the right direction".
Solvency delay poll result
Is insurers' biggest concern the delays that are occurring in Solvency II?
McGavick remains confident as XL reports $474.8m loss
XL chief executive officer Mike McGavick said his firm would not shy away from "frustrating" 2011 results, but asked yesterday for their broader context to be considered.
Eiopa chairman warns against further Solvency II delays
Gabriel Bernardino has urged the European Commission, the Parliament and the Council to agree on a clear timetable for Solvency II implementation.
AA Insurance launches tech-based policy for young drivers
AA Insurance has become the latest firm to "turn to technology" having launched its new 'pay how you drive' policy AA Drivesafe.
Lonmar launches Medicare as a subsidiary company
Lonmar Global Risks has launched its Medicare International division as a subsidiary company, as part of the firm's strategy to establish managing general agents.
New Direct Line logo revealed
RBSI has rebranded the bank logo for a D-shaped rainbow-coloured logo.