News
Gorman joins Inter Resolve to expand model
Inter Resolve has appointed a former Equity claims operations manager to the newly created role of head of claims as part of plans to expand its business model.
Ageas toughens stance on household insurance rates
Ageas chief executive Barry Smith has said the insurer "needs to do more" to improve its household insurance offering and encourage preventative action following losses amassed during the winter freeze.
Biba stands firm on call for FSCS funding changes
The British Insurance Brokers' Association has reiterated its call for a change to the Financial Services Compensation Scheme funding rules before April 2012, after an MP warned the final figure for payment protection insurance mis-selling compensation…
Deadline fears raised over Solvency II implementation
Concerns over increasingly tight deadlines in the run-up to the implementation of Solvency II have been raised on behalf of the insurance industry following publication of the European regulator's fifth quantitative impact study.
Japan quake: one of the costliest catastrophes in modern history
The devastating earthquake that struck Japan on 11 March is set to become one of the costliest catastrophes in modern history.
Generali reports 11.4% drop in GI operating result
Generali has reported an 11.4% year-on-year reduction in its non-life operating result to €1.1bn (2009: €1.27bn) in its 2010 annual results.
Generali reports 11.4% drop in GI operating result
Generali has reported an 11.4% year-on-year reduction in its non-life operating result to €1.1bn (2009: €1.27bn) in its 2010 annual results.
Willis consolidates international units
Insurance broker Willis has merged its Asia Pacific and Middle East and Africa units naming Roger Wilkinson as the chairman and chief executive of the new entity.
G Cube wins Romanian renewables contract
Renewable energy specialist G Cube has been awarded the underwriting contract for the construction phase of a Romanian wind energy scheme.
G Cube wins Romanian renewables contract
Renewable energy specialist G Cube has been awarded the underwriting contract for the construction phase of a Romanian wind energy scheme.
Direct Line loses court battle against ‘lying claimant’
Direct Line has failed in a High Court bid to prove that a Dorset man exaggerated his injuries in order to claim £3.4m in compensation.
AIS marks first anniversary of motor deal
Ageas Insurance Solutions has celebrated the first year anniversary of its three year deal with Aioi Nissay Dowa Insurance Company of Europe Ltd regarding the provision of motor insurance to Toyota PLC’s 1.3 million UK Toyota and Lexus customers.
Bluefin appoints new CFO
Bluefin Insurance Group has announced the appointment of Robert Organ as Chief Financial Officer replacing Ian Story who is stepping down in April.
Eqecat estimates up to $25bn of quake losses
Risk modelling firm Eqecat has predicted insured losses from the Japanese earthquake of between $12bn and $25bn (£15.5bn).
Reinsurance sector braced for huge losses in Japan– Insurance News Now – 17 March 2011
Post reporter Amy Ellis outlines this week’s major general insurance stories which include the global reinsurance industry pulling together to absorb the impact of the 9.0 magnitude earthquake that struck Japan on 11 March.
Reinsurance sector braced for huge losses in Japan– Insurance News Now – 17 March 2011
Post reporter Amy Ellis outlines this week’s major general insurance stories which include the global reinsurance industry pulling together to absorb the impact of the 9.0 magnitude earthquake that struck Japan on 11 March.
John O’Roarke rules out LV commercial lines acquisitions
LV’s strategy for growth in the commercial market will not involve an acquisition - including NIG - according to the firm’s general insurance managing director John O’Roarke.
Hiscox backs draft Defamation Bill
Insurer Hiscox has welcomed the draft Defamation Bill claiming that it strikes “a better balance between protecting freedom of speech and reputations”.
Mitsui Sumitomo establishes disaster control HQ
Mitsui Sumitomo chief executive, Andrew McKee, has given an update on the situation in Japan.
Ace estimates Japan losses of up to $250m
Insurer Ace has predicted net post tax losses from the Japanese earthquake of between $200m (£124.3m) and $250m.
6.2m quake strikes Japan
A magnitude 6.2 earthquake struck south of Mount Fuji on 15 March at 10:31pm local time (1:31pm UK time).
Liability findings more "likely" after asbestos ruling
Law firm Beachcroft has claimed that findings of liability in mesothelioma cases are more “likely” following the Supreme Court judgement in Willmore v Knowsley MBC and Sienkiewicz v Greif last week.
Low energy light bulb wins Brit design award
British designer Samuel Wilkinson and product design company Hulger, have won the Brit Insurance Design of the Year 2011 for their redesign of the low energy light bulb.
50% of European insurers expect to move to shared service centres, survey finds
A joint study by the European Financial Marketing Association and Roland Berger Strategy Consultants has found that over 50% of European insurers are expecting to consolidate into shared service centers.