News
Environment Agency issues 86 flood warnings
The Environment Agency issued 86 flood warnings today after torrential rain flooded the south of England.
FUEDI and CILA to demand IMD II clarity from Europe
The Chartered Institute of Loss Adjusters is becoming increasingly frustrated at being left in the dark as to how the "light touch" Insurance Mediation Directive will affect its members.
Contractors body loses £26m in Lloyd's syndicate investment
The Electrical Contractors' Association has lost around £26m after investing in a Lloyd's of London syndicate.
Markerstudy due to complete twin acquistions
Gibraltan underwriter Markerstudy is hoping to complete two purchases by the start of December.
Insurance enquiries up 2000% after Dubai tower fire
Insurers in Dubai have seen a 2000% spike in insurance enquiries following a fire in the Jumeirah Lakes Towers district this week, Gulf News reported.
Swiss Re expects to insure 12 million Chinese through cancer scheme
Swiss Re has teamed up with pharmaceuticals company Roche Holdings to improve insurance provision for cancer suffers in China.
AIG and PICC to form China joint venture
American International Group plans to form a joint venture with the People's Insurance Company of China that may put it in direct competition with its former pan-Asian insurance unit, MarketWatch reported.
United India may shed loss making lines
Stemming underwriting losses will be Milind Kharat's first task as the head of public Indian insurer United India Insurance Company, the new chairman has said.
Insurers likely to back scrapping of motor insurance certificates
The insurance industry is likely to respond positively to the Department for Transport's proposal to eliminate motor insurance certificates.
DLG designates digital director
Direct Line Group has announced the appointment of Three UK's Ash Roots as director of digital.
Flooding already affecting south west England
Claims are flooding in from the south west of the UK, according to loss adjuster Cunningham Lindsey.
BGL Group names Lloyds finance head as deputy CFO
BGL Group has appointed Alasdair Lenman as its new deputy chief financial officer.
DAC Beachcroft adds partner to Glasgow practice
DAC Beachcroft Scotland has appointed John McGovern as a partner in its Glasgow office.
Insurance Europe president calls for vital Solvency II solutions
The European insurance industry supports the goals of the forthcoming Solvency II regulatory regime but vital issues still need to be resolved, Insurance Europe’s president, Sergio Balbinot, told the Eiopa conference in Frankfurt today.
RSA appoints Scicluna as chairman
Global insurer RSA has announced the appointment of Martin Scicluna as its new chairman.
Mass backs "astonishing" 'crash for cash' report
The report from the Insurance Fraud Bureau said that 'crash for cash' schemes cost insurers almost £400m a year, while one in seven personal injury claims are linked to such scams.
Axa confirms Taiwan exit
Axa is withdrawing from Taiwan after failing to gain a licence from the country's regulator.
GAB Robins warns on UK flooding
Loss adjuster GAB Robins has warned that torrential rain and gale-force winds are set to rack the UK for three days.
Supreme Court abuse case sets legal precedent
A Supreme Court ruling which found that it was fair, just and reasonable for the Institute of the Brothers of the Christian Schools to share vicarious liability for abuse committed by its brothers has "far-reaching" implications for the insurance…
Flood-hit South West homeowners warned to 'remain vigilant'
The Environment Agency is urging homeowners to "remain vigilant" after putting more than 80 flood warnings in place throughout England and Wales.
RSA names new chairman
Former Deloitte chairman Martin Scicluna is to succeed John Napier as chairman of RSA from 1 January.
Xchanging exec Brace to join Catlin as group claims director
Catlin Group has revealed that Xchanging Claims Services executive director Glenn Brace will join the international speciality insurer early next year as group claims director.
'Crash for cash' costs policyholders £400m each year
One in 12 people would consider taking part in a 'crash for cash' scam, costing policyholders almost £400m each year, according to a report published today by the Insurance Fraud Bureau.
Market moves: Giles' three appointments top the list
This week, broker Giles continued its expansive recruitment strategy by making three new appointments, including two branch directors and a development director for corporate risks.