News
Gender directive to price 25% of women off the road
Female drivers could be forced off the road when the new European gender ruling comes into force 21 December 2012.
Crawford hires Hong Kong construction adjuster
Loss adjuster Crawford & Co has appointed Peter Spencer as regional construction executive adjuster.
Analysts point to Go Compare MBO as Esure prepares for IPO
Commentators believe it is "no coincidence" that Go Compare is to strategically review the business as its major shareholder Esure gears up for a float, some suggesting that the aggregator might stage a management buyout.
Markel places collectables cover on broker e-trading system
Specialist insurer Markel UK has launched the first personal lines product on its broker e-trading system.
Giles names new corporate risks development director
Giles has appointed Simon McGonigle as development director of corporate risks.
Citizens Advice calls for clampdown on CMCs
The Citizens Advice Bureau has called for a ban on cold-calling by claims management firms after a survey revealed that nine out of 10 people were plagued by them in a 12-month period.
Generali offloads assets to raise cash for emerging markets
Generali is to sell non-strategic assets next year in a bid to generate cash to invest in emerging markets in Asia, Eastern Europe and Latin America.
Woodgate & Clark named adjuster of the year
Woodgate & Clark was the big winner at the inaugural Post Magazine Loss Adjusting Awards, scooping the gongs for Best Overall Service in Major Loss and Adjuster of the Year 2012.
Allianz to increase property and energy investment
Allianz is to double its investment in alternative assets, including property loans and renewable energy, to produce better yields from its investment portfolio.
Quindell pockets £20m thanks to 'major institutional investor'
Quindell Portfolio has secured £20m of funding through the issuing of 153 846 153 placing shares with a major new institutional investor.
AM Best offers positive outlook on Markel International
Rating services firm AM Best Europe has affirmed the financial strength rating of 'A' and issuer credit ratings of "A+" of Markel International and Lloyd's Syndicate 3000.
Generali to sell assets to grow insurance business
Italian insurer Generali is to sell non-strategic assets next year to generate cash to invest in emerging markets.
Willis takes D&O cover down under
Willis has rolled out its Darcstar directors all risks cover across the Asia-Pacific region to Hong Kong, Singapore and Australia.
Government launches consultation to use MID as insurance evidence
Drivers could benefit from less motor insurance red tape after a government consultation to scrap the legal requirement to issue paper-based certificates was launched today.
Willis launches D&O product in Asia-Pacific region
Willis has introduced its Darcstar directors all risks cover to Hong Kong, Singapore and Australia.
XL named as largest solicitors' PI provider
The Solicitors Regulation Authority has named XL as the largest player in the solicitors' professional indemnity insurance market.
Metal Theft Bill moves on to the House of Lords
After a lively debate in Parliament last week, the Scrap Metal Dealers Bill has passed its third reading and moved on to the House of Lords.
Insurers urged to check books as S&P held accountable for 'misleading' rating
Insurers have been urged by a leading lawyer to check their books to see whether they have open notifications from credit rating agencies after an Australian court ruled that Standard & Poor's was liable for damages to investors.
Davies expects Markel full-year results to weather the storm
Markel International finance director Andy Davies is confident that the impact of superstorm Sandy on his firm's full-year results will not halt the momentum achieved in the opening nine months of the year.
Delhi drivers to face emissions-linked insurance
Motor insurance in India may soon be linked to a vehicle's emissions as part of new regulations aimed at cutting pollution in Delhi.
Aegis London splits non-marine property book
Aegis London has split its non-marine property book, and promoted two underwriters as part of the change.
Miller appointment strengthens marine team
Miller has enhanced its marine capabilities with the appointment of stock throughput, cargo and project cargo insurance broking specialist Tony Robinson.
Scor attributes £5.7bn GWP to a 'robust' business approach
Global reinsurer Scor delivered a 13% jump in gross written premiums to €7.2bn (£5.7bn) in the first nine months of the year owing to "increased visibility in the industry".
Fitch issues negative outlook for Italian insurers
Fitch Ratings has issued the Italian insurance industry with a negative rating outlook for 2013, indicating an elevated risk of downgrades for Italian insurers over the next 12 to 24 months.