News
Ex-Ace president Pryce joins QBE Europe top team
QBE has appointed former Ace UK president Richard Pryce as deputy chief executive officer of its European Operations.
DAS launches Loss Assist that will hire adjusters to help businesses with claims
Legal expenses insurer DAS is launching a Loss Assist product sold as an add-on to business insurance that will provide a chartered loss adjuster to help firms compile valid and accurate claims.
QBE poaches Pryce from Ace UK
QBE has recruited Ace UK president Richard Pryce as deputy chief executive of QBE European Operations.
Ace appoints new leaders of UK and Ireland Retail
Ace Group has promoted a number of senior staff within its Europe, Middle East and Africa region.
Economic turmoil and CBI top risks for industrial sector
The industrial and materials industry has had to change the way it prioritises resources for risk response, amid the struggling global economy and catastrophes including the Thailand floods and Japan earthquake, according to Aon Risk Solutions.
Japan discusses tanker cover for sanctions-hit ships
The Japanese government may yet step in to to compensate for the insurance shortfall faced by tankers carrying Iranian oil.
AIA increases value of new business by 27% in Q1
AIA Group achieved 27% growth in the value of new business to reach $232m in the first quarter of 2012.
Indian university makes group insurance scheme mandatory
Bharathidasan University in India is reported to have made it mandatory for all 116 affiliated colleges to join the group insurance scheme for students from this academic year.
Liberty offers better car after write offs
Liberty Insurance in Ireland, which took over the Quinn business, has said it will replace written off cars with a newer model or one worth 20% more.
ABI demands government action on costs
The Association of British Insurers has called for action to tackle fraud and reduce legal costs in motor claims after the government responded to the Transport Committee's report on rising premiums.
Davies swoops for liability adjuster Ufton
Private equity-backed loss adjuster Davies has bought liability and construction specialist Ufton Associates.
Transport Select Committee chair "encouraged" by whiplash response
The Transport Select Committee's 13th special report has reiterated members' commitment to access to justice while also expressing encouragement at the government's "willingness" to clamp down on fraudulent whiplash claims.
RSA NI bosses face leadership restructure
RSA Northern Ireland is likely to undergo a management reshuffle in the near future, Post has learnt.
R&Q could eye a partner for Brit run-off
Run-off specialist Randal & Quilter has indicated it could be interested in taking over the Brit business put into run off after QBE takes over renewals in the UK, but said it expected to focus on a stream of profitable smaller run-off deals.
Matthews takes up role as Sevitt CEO
Mike Matthews, the former chief executive of Setanta, has reprised his role as CEO of business solutions provider Sevitt, almost after year after leaving the Irish insurer.
Zurich, CNA and Liberty International join NCC cyber group
Information assurance firm NCC Group has launched a forum to work towards establishing a minimum security standard for the uptake of cyber insurance.
Insurers reap benefits of Vietnam's growing middle class
Vietnam's insurance market has experienced strong double-digit premium growth in recent years and demand for insurance products is forecasted to continue, according to a recemt AM Best report.
CPS to decide on Autofocus fraud charges next month
The Crown Prosecution Service is to decide next month whether it will bring a fraud case against the seven former Autofocus employees who Accident Exchange will apply to commit to prison for contempt of court.
Marr heads First Central fraud team
Former Insurance Fraud Bureau director Glen Marr is to head a new 29-strong cross-business counter-fraud team for insurer First Central.
Indian chairman of Bar Council demands insurance scheme
The newly elected chairman of the Bar Council of India, Manan Kumar Mishra, has demanded an insurance scheme for lawyers.
Indian court says firm must pay claims in cheque bounce case
India's Supreme court has upheld an insurance company's obligation to pay third-party claims, even if the insured's premium has gone unpaid.
Mayer leaves Aviva as part of management restructure
Igal Mayer has left Aviva as part of a mangement restructure to 'simplify' and 'focus' the business, after little more than a year in his role.
Insurers criticised for using undefined term to reject drain claims
Drainage insurance expert Drain Claim has called on home insurers to explain the term 'serviceable' used to reject claims.
Bharti Axa aims to grow with focus on coastal cyclone-prone areas
Indian insurers must raise awareness of the need for insurance in cyclone-prone coastal areas, according to Amarnath Ananthanarayanan, chief executive and managing director of Bharti Axa General Insurance.