News
Foil seeks collaboration with industry specialists in bid to maintain relevance
Association proclaims ‘important step for industry harmonisation’
Market Moves: Liberty makes three additions
Liberty was the most active recruiter this week, with Liberty International Underwriters appointing two senior underwriters to its aviation team and Liberty Syndicates adding a class underwriter to its war and terrorism unit.
Square Mile obtains CII broking status
Commercial insurance brokers Square Mile has been awarded Chartered Insurance Institute status, having met the criteria relating to professionalism and capability.
China underinsured by $80bn: Lloyd's
China represents half of global underinsurance, according to a study from the Centre for Economic Business Research and Lloyd's.
Flood zones could see premiums rise 50%
PWC has warned that insurance premiums for flood cover could rise by as much as 50% depending on the severity of damage.
Flooding risk remains as weather calms: GAB Robins
Loss adjuster GAB Robins has warned that while the worst of the UK’s spate of rain has now passed, many areas remain at risk of flooding.
Xchanging appoints exec director for insurance services
Xchanging has appointed Adrian Guttridge as executive director, insurance services, reporting to group chief executive Ken Lever.
Government support needed for affordable UK flood cover
Affordable flood cover for UK homeowners is unlikely to be available in the future without some form of government support, rating agency Fitch said today.
Professional lines pricing to rise 10% in 2013: Torus
Specialty insurer Torus has said a recent survey showed wide expectation of increases in professional liability pricing.
IFED and IFB head to parliament
Members of the Insurance Fraud Enforcement Department and the Insurance Fraud Bureau gave an update on their fight against insurance fraud at the All Party Parliamentary Group on Insurance and Financial Services today.
Aviva appoints IT transformation head
Aviva has appointed Phil Pavitt as its first IT transformation director, joining from 7 January.
Collinson Group acquires card protection provider
The Collinson Group has announced a deal to acquire CCS, a card protection provider, in a bid to enhance its insurance and travel benefits offerings.
Foil elects Evans as president for year of 'seismic reforms'
The Forum of Insurance Lawyers has elected Greenwoods Solicitors’ partner Rod Evans as its president for 2013.
Swiss Re pledges $500m for European infrastructure debt
Swiss Re said today that it has committed $500m for investments in senior secured debt of infrastructure businesses and assets located primarily in northern Europe.
Axa Assistance acquires concierge service
Axa Assistance has agreed to acquire the majority of WhiteConcierge, a UK company operating in Europe in the concierge services Industry.
Chinese insurers turn to equity as they approach debt ceiling
Chinese insurers are increasingly likely to favour equity issuance over incurring debt to support growth, as they get close to the debt ceiling imposed by the domestic regulator, according to Fitch.
JLT calls on government to back Flood Re
JLT is urging businesses to lobby MPs in a bid to impress on the government the urgent need to agree a flood insurance solution to replace the Statement of Principles when it expires next year.
Chubb Europe hires casualty claims manager
Chubb's European arm has appointed Lisa Payne-Lawrey as European casualty claims manager.
Torrential rainfall to create £14m used car market claims
AA Insurance has warned that the used car market could be swamped with flood-damaged cars following the extreme weather of recent weeks.
Xchanging names Guttridge as executive director
Technology services provider Xchanging has appointed Adrian Guttridge as insurance services executive director.
Clyde & Co partner joins Chubb
Chubb Insurance Company of Europe has appointed Lisa Payne-Lawrey, pictured, as European casualty claims manager.
Frontline outlines plans to boost Budget Insurance business
BGL Group-business unit Frontline has unveiled plans to double the size of insurance brand Budget in the next five years.
Competition Commission investigation unlikely to affect motor premiums
The Competition Commission’s investigation into the motor insurance market is likely to do no more than cause reputation damage, Standard & Poor's has predicted.
Auto Restore acquires competitor
Auto Restore has acquired Midlands-based ADR Accident Repair Centre Group including its 11 bodyshops.