News
UAE insurers consider motor premium hikes after December deluge
A hike in motor rates for UAE drivers is expected after 330 road accidents were reported in Dubai in a seven-hour period.
Aviva France names Schimel as new CEO
Former Axa boss Philippe Maso y Guell Rivet has been replaced at the helm of Aviva France by Nicolas Schimel, chief executive of Aviva subsidiary Union Financière de France (UFF).
Aviva France appoints new CEO after Maso y Guell Rivet resigns
Philippe Maso y Guell Rivet has resigned as chief executive of Aviva France after 18 months in the role.
MIB gives Hemani full-time customer services role
The Motor Insurers' Bureau has handed the role of head of customer services to Mohammed Hemani on a full-time basis.
Premium income for Chinese insurers up 7.4%
Chinese insurers posted premium income of ¥1.42tn ($228bn) in the first 11 months of 2012, a jump of 7.4% year on year.
Superstorm Sandy puts downwards pricing pressure on reinsurers
Natural catastrophe losses for 2012 are estimated to be 50% less than 2011's $120bn, and most reinsurers are not facing any material capital impact and remain within annual catastrophe budgets.
Fraudulent family told to pay back ill-gotten gains following IFB action
A deceitful family that plotted to cheat insurance companies by submitting dozens of fake household, pet and motor claims has been ordered to pay back more than £278 000.
Tax changes cause new year headaches for European insurers
Tax changes that came into effect in Denmark, Hungary and the Netherlands on 1 January 2013 could pose challenges for insurers and brokers.
Apil and Mass back RTA portal deadline reassessment
Lawyers associations have backed a statement from the Ministry of Justice suggesting that it will re-examine plans for implementation of an expanded RTA portal in April 2013.
RSA agrees sale of Dutch Caribbean unit
RSA has agreed to sell Royal & Sun Alliance Insurance (Antilles) N.V. to Fatum General Insurance N.V. for an undisclosed sum.
Qatarlyst confirms ongoing sale talks
Qatarlyst has announced that it is continuing discussions with "several" partners over a potential purchase.
Catastrophe reinsurance rates unharmed by Sandy, says Willis Re
Property catastrophe reinsurance rates adjusted flat to -5% globally in January renewals.
Aviva sells US business for £1.1bn
Aviva is to sell its US life and annuities business to life insurer Athene in a deal worth £1.1bn.
Investing in the Profession: Kwik-Fit awarded Healthy Working Lives accolade
Kwik-Fit Insurance has been rewarded for its efforts to promote a safe and healthy workplace for its employees with a gold award from the Scottish Centre for Healthy Working Lives.
Investing in the Profession: DAS lands IIP Gold Standard
Legal expenses insurer DAS has retained its Investors in People Gold Standard.
Judge blasts Equity's 'insouciance' despite legal win on BTE lawyer choice
Before-the-event legal expenses insurers have had their conduct condemned in the Court of Appeal despite securing a legal victory.
Law report: Environmental condition surveys considered vital before any work is carried out on land
Law reports contributed by law firm Berrymans Lace Mawer.
Law report: Ruling of GP negligence not subject to prior patient care
Law reports contributed by law firm Berrymans Lace Mawer.
Law report: Appeal decision turns on wording
Law reports contributed by law firm Berrymans Lace Mawer.
Market moves: Towergate leads Christmas recruiting while Giles and others add seasonal cheer
This week in recruitment belonged to Towergate Underwriting, which welcomed five new staff all appointed to work with regional brokers.
Markel hoping to capitalise on Alterra Lloyd's business
US-based Markel Corporation is hoping to build on the London operations of Alterra after securing an acquisition deal worth $3.1bn.
Markerstudy acquires accident management company
Markerstudy Group has completed a second acquisition in less than a month with the purchase of accident management company Vision Vehicle Solutions.
Crawford expands commercial workforce with 16 hires
Crawford Global Technical Services UK has boosted its aviation division with six new hires.