News
UK General joins the MGAA
UK General Insurance has become a member of the Managing General Agents' Association.
Towers Watson motor report warns insurers to move with the times
Insurers have been told to refresh internal approaches to keep pace with a changing motor market, which is expected to break into profitable territory in 2012.
RSA and More Than give Xmas vouchers to flood affected customers
RSA and More Than will redirect mail and offer gift vouchers for customers forced to spend Christmas in alternative accommodation following the recent floods.
Regulation and 2012 insured losses to shape insurance market in 2013
Partners at PwC predict that the Prudential Regulation Authority and the Financial Conduct Authority will be the "tip of the iceberg" for regulation next year.
Generali launches growth plan for Italy with only three brands
Generali has revealed its plans for growth in Italy, which include over €300m of investments in just three brands: Generali, Alleanza and Genertel.
US consolidator aquires Paul Napier
London-based Lloyd's broker Paul Napier has been sold to to US insurance broking consolidator Assured Partners for an undisclosed sum.
Regulatory overhaul threatens Malaysia insurers' margins
Regulatory changes and on-going capital market volatility could challenge the earnings stability of Malaysia's insurance and takaful sector, according to Fitch.
Insurers anticipate 2016 Solvency II deadline
Insurers are reducing their Solvency II implementation programmes as they now expect the directive to come into force in 2016.
QBE wins contempt of court case against PI fraudster
A man who attempted to make a fraudulent personal injury claim against his QBE-insured employer Airbus has been sentenced to six months in prison.
MP and job centre rally round Drive Assist staff
The sacked employees of credit hirer Drive Assist have found support in the shape of a local MP and the job centre.
IAG sells Independent Commerical Brokers for £10m
Insurance Australia Group has sold Independent Commercial Brokers to the existing management team for £10m.
Over half of young people understand the legal implications of online gossip
Research by media law firm Wiggin LLP found that 54% of 18 to 24 year-olds are aware that they could be prosecuted for posting unsubstantiated rumours about someone else online.
US consolidator swoops for Paul Napier, following TPD input
Lloyd's broker Paul Napier has been sold to US-based consolidator Assured Partners in a multimillion pound deal.
EIOPA declares insurance sector outlook 'significantly' negative
The financial stability of the European economy remains fragile, despite coordinated political efforts and actions taken by the European Central Bank.
IAG sets sights on Asia growth after UK sales
Insurance Australia Group announced the sale of all its UK operations today as the company aims to strengthen its footprint in Asia.
Islamic microfinance highlighted as only "viable" solution to global poverty
Islamic microfinance is the only viable way of alleviating poverty around the globe.
Mutuals outgrow insurance market, says new research
The period between 2007 and 2011 saw premium income for the world's mutual and cooperative insurers grow by 25.4%, compared with 12% for the insurance market as a whole.
European outlook 'significantly negative', says EIOPA
The financial stability of the European economy remains fragile, despite coordinated political efforts and actions taken by the European Central Bank.
Hastings recruits ex-LV digital marketing boss
Hastings has appointed former LV head of digital marketing Nicola Charles to the role of marketing director at the broking firm.
Household insurers to make profit in 2012
The household insurance market could make an underwriting profit for a second year in a row, according to Deloitte.
IAG confirms Equity Red Star sale ahead of huge predicted losses
Insurance Australia Group has confirmed the sale of its UK business to Aquiline Capital Partners, following the completion of a strategic review in which the firm predicted net losses of £156m after tax.
Rothko vandal jailed for 'unacceptable' crime
The man who defaced a Mark Rothko mural at the Tate Modern in October has been sentenced to two years' imprisonment.
Lloyd's investigation into Utley to conclude next year
The Lloyd's investigation into three former senior figures at Equity Red Star, including Hastings Insurance Group chairman Neil Utley, could conclude around the middle of next year once the Accountancy & Actuarial Discipline Board completes its own…
AIG creates financial institution division
AIG has launched a financial institutions practice in the UK to help businesses across the sector confront the risks and challenges of the market.