News
Aon shifts corporate HQ to London
Global broker Aon is to move its corporate HQ to London with the aim of gaining greater access to emerging markets and taking advantage of the strategic proximity to Lloyd's and the London market.
Solvency II compliance challenges remain
European insurers have identified reliance on third parties for data, sophisticated risk modelling requirements and obtaining sufficiently detailed fund data among the challenges to be overcome in order for them to achieve Solvency II compliance.
Russian liability law pushes up insurance costs
Stringent new legislation on the management and insurance of plants dealing in hazardous materials in Russia could have far-reaching consequences for companies operating in the region, according to Marsh.
Chinese aggregator poll
Will aggregators take off in China?
Russian Insurance Centre's 'B' IFS rating affirmed
Fitch has affirmed Russian Insurance Centre's insurer financial strength rating at 'B' and national IFS rating at 'BBB-', reflecting the "relatively strong" operational profile of the commercial property and casualty specialist.
Aon Benfield appoints new CEO for Greater China
Global reinsurance intermediary Aon Benfield has made two senior additions to its Asia Pacific team.
Ace Russia achieves 'BBB+' IFS rating
The Russian subsidiary of Ace Insurance Company has had its Insurer Financial Strength and national IFS ratings upgraded by Fitch.
Skuld enters into Transmarine partnership
Norwegian marine insurer Skuld has formed a partnership with Transmarine, part of the Michael and Else and Company MGA operation specialising in marine trade disruption and consequential loss insurance.
LV recruits for Bristol office
LV is recruiting 50 new staff for its Bristol office this quarter in a bid to expand its customer services division.
Fitch Ratings gives referral fee ban its seal of approval
Fitch Ratings has approved measures to ban UK motor insurers from receiving any type of referral fees, saying represents a more meaningful step towards combating the rise in fraudulent claims.
Medical and legal professions bite back at report response
Medical and legal experts have hit back at industry criticism following the Transport Select Committee’s cost of motor insurance report, claiming that comments made in the aftermath of the report question the “integrity” of doctors.
Reliance on third parties for data Solvency II challenge
Reliance on third parties for data, sophisticated risk modelling requirements and obtaining sufficiently detailed fund data were top of a list of challenges identified by European insurers in order for them to meet Solvency II requirements.
Willis teams up to boost 'renewable energy revolution'
Willis Group Holdings has confirmed a new strategic alliance with clean energy financier Narec Capital to unlock opportunities for firms in the renewable energy market.
WHO expert calls for cashless insurance system for Indian healthcare
Indian health insurance should cover more than it currently does according to experts at a recent one-day national consultation on the state of the market.
Groupama for sale after ‘grand cru’ year
Groupama’s UK chief executive officer François-Xavier Boisseau, pictured, has told staff in the insurer and its broker subsidiaries that the company is for sale after “unsolicited approaches”.
ABI “baffled” by call for transparency of referral fees
Responding to the Transport Committee report on the cost of motor insurance, the Association of British Insurers said referral fees should be banned altogether.
Bluefin recruits for Glasgow office
Axa-owned national insurance broker Bluefin has opened a new office in Atlantic Quay, Glasgow creating nine new jobs.
ING to sell Asian insurance business separately
ING Groep NV has dropped plans to create an Asian-European insurer and is considering selling its Asian business separately as European markets have worsened.
FSA recruit to help Capita clients prepare for twin peak regulation
A former Financial Services Authority boss is to use his knowledge of regulatory reform to help clients of Capita Commercial Insurance Services prepare for change.
Aon Risk Solutions poaches Willis UK boss
Aon Risk Solutions has today confirmed the capture of former Willis UK and Ireland chief operating officer Chris Lee-Smith.
Ex-Garwyn, Crawford and Cunningham staff launch new claims firm
A six-strong team of casualty claims experts has founded a new London Market-based consultancy called Applied Claims Consultancy.
Groupama to sell UK operations
French insurer Groupama has confirmed it will sell its UK operations.
Windsor recruits Price Forbes' binding authority team
Lloyd’s broker Windsor has today revealed further expansion of its North American division following the recruitment of a team of binding authority specialists from Price Forbes.
Uniqa Austria board reduces to four as Holzhauser leaves
The UNIQA Austria board will be reduced to four members after sales director Werner Holzhauser left the company by mutual agreement.