News
Mitsui stops funding police plant theft unit
Mitsui Sumitomo is said to have stopped funding the Plant Theft & Agricultural National Intelligent Unit.
Stolen Vehicle Unit to remain open
The Stolen Vehicle Unit has been granted a reprieve, and will remain open, a Metropolitan Police boss has confirmed.
Anderson named IRM chairman
Richard Anderson has been elected chairman of the Institute of Risk Management.
Crash fraudster jailed after being filmed 'working out'
A devious fraudster who attempted to claim £2.3m from the Motor Insurers’ Bureau after misleading medical professionals following a crash that claimed two lives has been jailed.
Willis Re report shows rise in motor premuims and fall in claims
UK motor insurance premiums have continued to rise in 2011, with some drivers facing price increases of up to 50 percent, according to an annual review conducted by Willis Re.
Ace predicts a ‘challenging’ 2012
2012 will be one of the most challenging years the insurance industry has faced, according to Ace president Richard Pryce.
Eiopa president calls for 'paradigm shift' in consumer protection
Eiopa president Gabriel Bernardino called for a “paradigm shift” to restore confidence in Europe’s financial services sector at the regulator’s first consumer strategy day.
Galbraith brands financial crisis terminology a "challenge" to the sector
British Insurance Brokers’ Association chief executive Eric Galbraith has today told parliament that the language used by the government and regulator about the financial crisis is a challenge facing the sector.
Motor insurers set to share application data in suspected frauds – Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories including how motor insurers plan to share suspected application fraud data as criminals try multiple applications to get cars on the Motor Insurance Database as cheaply as…
Castleacre launches high net worth index
Castleacre has produced an average price index of household insurance for High Net Worth individuals to help clients identify whether their own insurance premiums are in-line with current market trends.
PwC research points to dip in M&A activity
Financial services M&A activity underwent a “significant slowdown” in the third quarter of the year but is expected to pick up in the early part of 2012, according to research carried out by PwC.
Mitsui Sumitomo expands Dublin office with new hires
Mitsui Sumitomo at Lloyd’s has continued the expansion of its recently launched Dublin office with the appointments of Brian Moran and Gavin Mullen as senior underwriters.
Hungarian watchdog confirms a 2.7% fall in GWP in 3Q2011
The Hungarian Financial Supervision Authority has confirmed a 2.7% fall in gross written premiums for the Hungarian market in the third quarter.
Besso appoints Greene as NED
Lloyd’s broker Besso Insurance Group has named Stephen Greene as a non-executive director.
McManus named as Giles CEO
Former Willis boss Brendan McManus has been appointed as chief executive of Giles.
Mitsui Sumitomo adds to Dublin team
Mitsui Sumitomo at Lloyd’s has appointed Brian Moran and Gavin Mullen as senior underwriters in its Dublin office.
7 December: Horsing around
It’s true to say that the one thing you don’t expect to come home to after a hard day’s Christmas shopping in Knightsbridge is a horse in your swimming pool.
BDMA award winners revealed
Winners of the 2011 Damage Management Awards were presented at a charity dinner which brought the British Damage Management Association Conference 2011 to a close on 1 December.
French floods to cost insurers €800m
The November floods in 16 regions of France look set to cost insurers €800m according to a new report.
IAG UK repositions its affinity division
IAG UK has repositioned its specialist affinity division, Equity Direct Broking, following the launch of a new trading name.
Axa Art raises money for charity with art salvage auction
Axa Art Insurance has raise six times the estimated value of damaged art works in a salvage sale to raise money for charity.
Study exposes supply chain risks in China
A study commissioned by FM Global revealed a natural catastrophe in China on the scale of the 2011 Japan earthquake and tsunami would have an even more severe impact on supply chains, given the country’s critical role in global manufacturing.
Towergate to form SME division
Towergate is to create a new division dedicated to SME business following two senior departures.
Fight for compensation hits the Supreme Court
The long running litigation to determine the asbestos victims “trigger” point for employers’ liability cases has headed to the Supreme Court.