News
Market moves: No slowdown in recruitment for the insurance industry
Despite moving into December, the industry recruitment machine remained in full swing this week, with a string of appointments finalised across a range of market sectors.
ABI and Lloyd's welcome government tax cuts
The Association of British Insurers has welcomed the government's plan to reduce corporation tax to 21% in 2014.
Fitch affirms Flagstone ratings after Validus deal
Ratings agency Fitch has confirmed that it will take no action on the ratings of Flagstone Re after it was purchased by Validus at the end of November.
AJ Gallagher energy specialist joins Miller
Miller has appointed Daniel Nicholls, pictured, as production and broking specialist.
Hundreds killed in strongest typhoon to hit Philippines since 1990
At least 270 people are confirmed dead after Typhoon Bopha brought 130mph winds and torrential rain to the Philippines on Tuesday evening.
Chancellor promises corporation tax cuts
The government has pledged to cut corporation tax to 21% by April 2014 in a bid to help struggling British companies.
HSBC agrees to sell Ping An stake to Thai conglomerate
HSBC is to sell its 15.57% stake in Ping An Insurance to the Charoen Pokphand Group, a Thai multi-national conglomerate with core businesses in agro-industry, food, retail and telecommunications.
Sart appoints chief casualty underwriter
Hong Kong-based Lloyd's coverholder Sart Underwriting has appointed Joseph Lo as chief casualty underwriter.
Industry must engage with debate on post-Leveson press regulation
Media law specialists have urged the insurance industry to add its voice to the debate surrounding the future of media regulation, following publication of the Leveson report.
More insurance jobs to be cut as major players wrestle with economic climate
Aviva and Direct Line Group will not be alone in making job cuts over the next 12 months as other insurers look to streamline their businesses, market observers have warned.
Crawford names new environmental adjusting boss
Crawford Global Technical Services has enhanced its capability in large claims with the appointment of David Waller, pictured, as head of environmental adjusting.
RTA portal expert warns extension could produce de facto 'no fault' scheme
Fixed fees at the level proposed by the Ministry of Justice to apply in the extended Road Traffic Accident Portal risk creating a de facto 'no fault' scheme, according to the academic commissioned by government to assess its initial effectiveness as…
Hiscox CEO: government spending on flood defences too little too late
The government's decision to suddenly free up £120m in funding for flood defences last week has been described as "a drop in the ocean".
Crawford and Cunningham assist flooded Somerset villagers
Crawford & Company and Cunningham Lindsey have banded together to visit the flooded properties of NFU Mutual policyholders in Somerset.
APC takes first step into mainland Europe
APC has taken its first step into continental Europe by launching two SME insurance products in the Dutch market through its new platform APC Holland.
Beazley launches Gulf of Guinea piracy cover
Beazley has launched a piracy policy specifically for ship owners with vessels operating in the Gulf of Guinea, in response to a growing number of incidents in the region.
Blackrock recruits to meet insurer demands
Blackrock has made three senior appointments in response to growing demand for outsourced asset management services from insurers.
Towergate win boosts Gable GWP 'by 30%'
Towergate Underwriting has entered a five-year partnership with listed insurer Gable Holdings, which will act as a cover provider from January 2013.
Police and insurers clash over responsibility for riot damages compensation
The Home Office is to consider appointing an independent person to consult on changes to the Riot [Damages] Act 1886 following the London riots in August 2011.
Skuld posts underwriting deficit after rise in pool claims
Norwegian marine insurer Skuld posted a third-quarter bottom line deficit of $2.9m today following record claims costs from the international group's pooling system.
Xchanging set for February mobile launch
Xchanging is readying mobile apps to allow customers to make notations and amendments to electronic documents from mobile platforms with a launch earmarked for February.
AIA completes deal for Aviva's Sri Lanka unit
AIA has completed its acquisition of Sri Lankan insurer Aviva NDB Insurance from Aviva and Sri Lanka's National Development Bank.
Premier Inn opens doors to flood victims
The Insurance Claims Accommodation Bureau has bolstered its database of preferred properties nationwide by forming an alliance with hotel group Premier Inn.
BGL ups fraud protection for van customers
The BGL Group has increased its fraud protection for the firm's Budget and Dial Direct van insurance customers, which will be verified via its in-house data hub.