News
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.
Markel to buy Alterra in $3.1bn deal
Markel is to acquire Bermudian insurer and reinsurer Alterra for a combination of stock and cash totalling $3.1bn.
CHOs warned to adapt and learn from Drive Assist demise
The collapse of 'insurer-friendly' Drive Assist should serve as a wake-up call to fellow credit hire organisations that have failed to adapt to the challenging conditions of the motor insurance sector, according to market observers.
Capita secures government fuel scheme deal
Capita Insurance Services has won a seven-year fuel scheme contract with the Department of Energy and Climate Change.
UK motor profits could take fresh hit as reinsurers mitigate exposure to PPOs
The prevalence of periodic payment orders is expected to undermine underwriting profitability in the motor market in 2013, as reinsurers become increasingly reluctant to take on a rising number of variables.
DAS promotes sales employee to new account manager role
The DAS Group has appointed Michael Petchey, pictured, to the newly created role of broker account manager.
Global insurance rates firming 'slowed in Q4', says Marsh
Global insurance rates continued to firm in the last quarter of 2012, but at a slower rate than in the previous quarter, according to Marsh's global market briefing.
Aquiline boosts Lloyd's foothold with cut-price acquisition of Equity Red Star
Aquiline Capital Partners' acquisition of Equity Red Star for £87m – a far cry from the £570m IAG paid for Equity Insurance Group in 2006 – marks the New York-based firm's latest foray into the Lloyd's market.