News
Premium Credit launches online self-service offering
Bosses at Premium Credit are hoping to cut down on administration for brokers by enabling personal premium finance customers to manage their accounts online.
CCR removed from negative review after eurozone developments
State-owned Caisse Centrale de Reassurance has had its A++ financial strength rating and AA+ issuer credit rating removed from review by AM Best.
EL trigger litigation: ABI "pleased" with judgment
Association of British Insurers said strict timelines could be underpinned by an online mesothelioma portal to improve the efficiency of the claims process.
EL trigger litigation: 'Live' insurer reponse
Zurich has applauded today's Supreme Court decision, which has deemed that all employers' liability policies should be interpreted on a causation basis.
Lumley Jacobs secures forensic coding deal with Tradewise
Non-risk and ancillary income specialist Lumley Jacobs has signed a deal with motor trade insurer Tradewise to supply forensic coding to the company’s motor trade and commercial vehicle business.
Insurers lose $116bn but play key role in disaster recovery
Despite insurers incurring the second largest losses ever at $116bn in 2011 the industry weathered 2011 well, according to the latest Swiss Re Sigma study.
EL trigger litigation: implications for insolvent insurers
Following this morning's Supreme Court judgment, the liquidators of insolvent insurers now have the certainty they sought on the correct trigger for employers' liability policies.
EL trigger litigation: implications for local authorities
Following today's Supreme Court ruling on the correct trigger for employers' liability policies, the 10 local authorities involved are entitled to indemnity from Municipal Mutual Insurance.
EL trigger litigation: implications for mesothelioma victims
The Supreme Court has finally given clarity on the meaning of the 'trigger' words in employers' liability insurance policies. Families of former employees suffering from the hideous disease of mesothelioma now have the comfort of knowing that insurance…
EL trigger litigation: the judgment
Today the Supreme Court put an end to years of uncertainty by ruling that the insurer on risk at the time of someone's exposure to asbestos is liable to pay compensation for their mesothelioma – regardless of the particular nuances of the employers'…
Argo hires ex-Brit underwriter for marine and speciality division
Lloyd's insurer Argo International has appointed Paul Gooderson as cargo underwriter in its marine and speciality division.
Catastrophe-struck Lloyd's slumps to €619m loss
Following the second costliest year for catastrophes on record for the insurance industry, Lloyd's today announced a loss of £516m (€619m) for 2011.
R&Q acquires run-off NFIL
Randall & Quilter Investment Holdings has completed the acquisition of the entire issued share capital of NFIL, a Guernsey domiciled captive insurer.
Barbon hires former Axa manager for CKW boss role
Barbon Insurance has appointed Tim Wilson to managing director of Cadogan Keelan Westall.
Riot report praises insurers for settling 90% of domestic claims, but slams police
The insurance industry's role in the 2011 riots has been largely praised by the Riots Victims and Communities Panel in its report After the Riots published today.
Lloyd's stung by £516m loss
Lloyd's has revealed a pre-tax loss of £516m in its full year results following the "second costliest year" for catastrophes in the industry.
Ageas board member and Outright founder Bright latest to join Quindell
Consultancy, software and outsourcing firm Quindell Portfolio has appointed Ageas UK board member Robert Bright to its strategy and integration advisory board.
Omnibus II faces three month delay
The plenary vote on the enabling legislation for Solvency II has been delayed by three months.
Cunningham Lindsey UK boss dismisses talk of bids from rivals
Cunningham Lindsey boss Phil McNeilage has told staff the decision by investors to cash in their majority stake is “highly unlikely” to lead to the loss adjusting giant falling into the hands of a market rival.
ABI welcomes national planning framework recommendations
The Association of British Insurers has welcomed the government's national planning framework recommendation for local authorities to follow flood risk guidance to help avoid unwise developments in flood risk areas.
Insurers face 20% VAT hike in police fees
Insurers can expect to see a 20% increase in the cost of police theft and accident reports after the tax man demanded they charge VAT that insurers cannot reclaim.
Caravanquoter insurer and broker panel expands to 19
The price comparison website has reported that an increasing number of insurers and brokers are keen to join its panel of providers.
Omega shareholders to reject Catalina offer
Omega shareholders could shun run-off business buyer Catalina Holdings' acquisition offer.
Abbey to buy law firm on ABS go-ahead
Abbey Legal managing director Chris Ward, pictured, has said the insurer will buy a stake in a law firm as soon as the Solicitors Regulation Authority gives the green light to its Alternative Business Structure application.