News
Practical guidance can reduce risk managers' attention from regulators, says Ferma
Practical guidance on implementing European company law requirements on risk management, internal control and internal audit can help reduce regulatory attention, according to the Federation of European Risk Management Associations and European…
O’Roarke and LV management team extend contract until 2016 – Insurance News Now
Post senior reporter Amy Ellis outlines this week's major general insurance stories including how LV general insurance MD John O’Roarke is targeting an increase in SME and home insurance business having signed up to a new four-year deal at the firm.
Bollington launches training scheme for school leavers
Bollington Insurance Brokers is hoping to encourage talented youngsters to embark on a career in insurance by launching a graduate and school leaver training scheme.
Chaucer strengthens energy team
Chaucer has made new underwriting appointments in London, Houston and Oslo.
Credit hirers worry OFT review is unfair
The Credit Hire Organisation said it feared the OFT’s review of credit hire costs might not reach a full and fair set of valid conclusions.
Regulatory enquiries tops list of directors' concerns
Company directors are beginning to face intensified liability risks in the wake of the ongoing economic crisis, with regulatory investigations and enquiries posing the greatest perceived threat to insurers.
Ajag wanted OFT to go further
Compensation claimants’ body the Access to Justice Action Group has said the OFT review into the cost of car insurance does not go far enough.
LMA welcomes OFT claims cost review
The London Market Association has welcomed the Office of Fair Trading’s decision to examine personal motor claims costs.
Chubb makes four appointments to specialty divison
Chubb Insurance has made four senior appointments for its UK & Ireland specialty insurance division, effective immediately.
ABI says OFT could cut claims costs
The Association of British Insurers claims the Office of Fair Trading investigation into motor claims is an opportunity to improve the personal injury compensation system.
Ferma produces EU risk guidance
Practical guidance on implementing European company law requirements on risk management, internal control and internal audit will cut the risk of further regulation, the Federation of European Risk Management Associations and European Confederation of…
OFT to review car repairs and credit hire
The Office of Fair Trading has launched an investigation into the provision of third party vehicle repairs and credit hire replacement vehicles to private motor insurance claimants.
14 December: Wii wish you a merry Christmas
The launch of the Wii computer console was declared a revolution in the video gaming world. It hasn’t been received so well by the insurance industry.
Generali and Mapfre among insurers downgraded by Fitch
Several Italian and Spanish insurers have been downgraded following assessments of their pro-forma capital adequacy amid challenging investment conditions.
Fitch takes rating actions on Italian and Spanish insurers
Fitch said the rating actions follow its assessment of the insurers' pro-forma capital adequacy amid challenging investment conditions, particularly in Italy and Spain, including ongoing pressure from heightened government bond yields.
Scotland storm: Friedhelm to produce insignificant insured losses
Windstorm Friedhelm, the storm that battered Scotland and the north of England last Thursday, will not produce significant insurance losses despite reaching some of the highest wind speeds recorded in the affected regions.
Jelf expands in affinities and PI sales
Broker Jelf has said its insurance growth has been on the back of a “fantastic year” in professional indemnity insurance sales and the success of specialist policies for recruitment firms.
Swinton executive board sacked amid share scheme concerns
The entire Swinton executive board has been dismissed with immediate effect following concerns by parent company Covea that members were putting their personal interests ahead of those of the company and its employees.
IFB names new boards for expansion
The Insurance Fraud Bureau is to split its governance and technical management into separate boards and has announced a new line-up up of senior industry figures who will take over in the New Year.
AGS hits back at accusation over payment
Avertis Global Solutions has denied allegations that it has failed to pay its field force for three months following the acquisition of Avertis Ltd on 14 November.
RSA names Fairmann for broker HNW
Insurer RSA has named Giles Fairmann as business development manager working on its high net worth offering for brokers.
Uniqa has ratings lowered to 'A-' despite ongoing restucturing
Austrian insurer Uniqa has had its rating dropped to 'A-' but with a stable outlook reflecting the fact it looks able to restore its capital adequacy in 2012.
Admiral refuses to comment on law firm rumours
Admiral told Post it is not commenting on reports in the Telegraph that it is considering branching into the legal sector.
Japanese non-life sector stable, Fitch says
The outlook for the Japanese non-life insurance industry is stable, underpinned by a recovery in the core automobile business line, according to a new Fitch report.