News
Foil elects Evans as president for year of 'seismic reforms'
The Forum of Insurance Lawyers has elected Greenwoods Solicitors’ partner Rod Evans as its president for 2013.
Swiss Re pledges $500m for European infrastructure debt
Swiss Re said today that it has committed $500m for investments in senior secured debt of infrastructure businesses and assets located primarily in northern Europe.
Axa Assistance acquires concierge service
Axa Assistance has agreed to acquire the majority of WhiteConcierge, a UK company operating in Europe in the concierge services Industry.
Chinese insurers turn to equity as they approach debt ceiling
Chinese insurers are increasingly likely to favour equity issuance over incurring debt to support growth, as they get close to the debt ceiling imposed by the domestic regulator, according to Fitch.
JLT calls on government to back Flood Re
JLT is urging businesses to lobby MPs in a bid to impress on the government the urgent need to agree a flood insurance solution to replace the Statement of Principles when it expires next year.
Chubb Europe hires casualty claims manager
Chubb's European arm has appointed Lisa Payne-Lawrey as European casualty claims manager.
Torrential rainfall to create £14m used car market claims
AA Insurance has warned that the used car market could be swamped with flood-damaged cars following the extreme weather of recent weeks.
Xchanging names Guttridge as executive director
Technology services provider Xchanging has appointed Adrian Guttridge as insurance services executive director.
Clyde & Co partner joins Chubb
Chubb Insurance Company of Europe has appointed Lisa Payne-Lawrey, pictured, as European casualty claims manager.
Frontline outlines plans to boost Budget Insurance business
BGL Group-business unit Frontline has unveiled plans to double the size of insurance brand Budget in the next five years.
Competition Commission investigation unlikely to affect motor premiums
The Competition Commission’s investigation into the motor insurance market is likely to do no more than cause reputation damage, Standard & Poor's has predicted.
Auto Restore acquires competitor
Auto Restore has acquired Midlands-based ADR Accident Repair Centre Group including its 11 bodyshops.
RSA sends emergency response vehicle to flooded Welsh city
RSA yesterday sent an emergency response vehicle to St Asaph in Wales to offer advice and support to residents after the River Elwy burst its banks.
MSIG aims to strengthen brand presence in Asia
MSIG Insurance (Malaysia) is aiming to enhance the presence of its subsidiaries in a number of Asian territories with a new marketing campaign.
Biba asks Chancellor to consider the FSCS funding model
The British Insurance Brokers’ Association has urged George Osborne to “ensure appropriate and proportionate” regulation for brokers and to consider the Financial Services Compensation Scheme funding model for his Autumn Statement submission.
Spanish provinces introduce direct premium tax collection
Four Spanish provinces have exercised their autonomous right to collect taxes direct from insurers.
Zurich hires MENA head
Zurich Insurance has appointed Umron Ahmed be chief executive officer for its global corporate business in the Middle East & Africa.
UK report highlights role of modelling in disaster risk reduction
A UK government report has urged the disaster risk reduction sector to emulate the insurance industry and increase its deployment of science-based risk models.
LAS signs up to environmental management business plan
Birmingham-based claims management company LAS Claims has set out plans to achieve an international environmental accreditation by early 2013.
Italy's SACE expands in India with permanent Mumbai office
Italy-based credit insurer SACE SpA has launched its Indian operations with the establishment of an office in Mumbai.
Indirect tax changes to hit European insurers in 2013
Insurers should brace themselves for an unprecedented level of indirect tax changes in Europe in 2013, intensifying the challenge of maintaining tax compliance.
Vienna Insurance profits up 7% in first nine months
Vienna Insurance Group has posted a 7% increase in group profit before taxes to €443.2m, in the first three quarters, driven by strong growth in Central and Eastern Europe.
Annette Court joins Merryck
The former chief executive of Royal Bank of Scotland Insurance and Zurich's European general insurance business Annette Court has joined business mentoring specialist Merryck & Co.
Web seminar: The future of property underwriting
With the current flood risk agreement between the insurance industry and the government due to expire next year, the future of property underwriting could look very different.