News
CII welcomes FCA clamp down on 'poor' business behaviour
The Chartered Insurance Institute has said it looks forward to the Financial Conduct Authority "punishing poor and unethical behaviour" as the new body launched a consultation paper on how it will operate.
Capital remains strong for Europe's primary insurers, says AM Best
The Eurozone crisis continues to be among the most significant challenges facing insurers, although capital is strong for the European primary insurance market, according to a new report from ratings agency AM Best.
Allianz subordinated bond assigned A2 rating by Moody's
Moody's has assigned an A2(hyb) rating to the 30-year €1.5bn subordinated bond to be issued by Allianz SE.
Former Waylett surveyor joins SSL Claims
Northampton-based specialist motor and property loss adjustor SSL Claims has appointed Jon Holloway, pictured, as network surveyor director of the firm's property division.
Generali Deutschland implements automated ERM platform for compliance
Generali Deutschland is using an automated workflow enterprise risk management solution for reporting and compliance activities.
ABI welcomes consumer-led FCA approach
The Association of British Insurers has backed Financial Conduct Authority boss Martin Wheatley's plans for consumer-focused regulation.
UK non-life market needs rates focus, says AM Best
Weak economic activity, stubbornly soft rates and European financial perils are generating serious concerns about the UK non-life market, AM Best has said.
LAS unveils household claims debit card
LAS Claims Management has launched a pre-paid debit card scheme in a bid to offer "significantly increased choice and flexibility in settling household claims".
ING makes board appointments for Insurance/IM EurAsia
ING has added Delfin Rueda and Dorothee van Vredenburch to the management board of Insurance EurAsia.
Biba calls for proportionate FCA regulation
The British Insurance Brokers' Association has issued a cautious welcome to clarification from the FSA on its transition to the new regulator.
Wheatley unveils new regulation agenda
Martin Wheatley, incoming chief executive of the Financial Conduct Authority, aims to "reset" how the regulator works with financial firms and address "cross-industry issues" when it replaces the Financial Services Authority next year.
EU extends Iran sanctions to natural gas
The European Union has bolstered sanctions against Iran, including banning the importing of natural gas from the country owing to a "lack of progress in nuclear talks".
RSA names UK commercial finance head
Global insurer RSA has appointed Mark Laughton as finance director for UK commercial business.
DLG shares enter unconditional trading
Direct Line Group's share capital of 1.5 billion shares has been admitted to the official list of the UK Listing Authority today.
Proposal to remove tax insurance check branded 'absurd'
The AA has critcised the Driver and Vehicle Licensing Agency's proposal to remove the insurance check when car owners apply for a tax disc.
R K Harrison opens Yorkshire office
Broker R K Harrison Insurance Services has set up a new regional base in Richmond, North Yorkshire.
Ergo to cut 600 jobs over three years
German insurer Ergo Versicherungsgruppe, a unit of reinsurer Munich Re AG, will cut 200 back-office positions every year for the next three years.
Galbraith to bow out of Biba next year
Eric Galbraith is to step down as chief executive of the British Insurance Brokers' Association in 2013, after leading the association for nearly 10 years.
UK GI market under pressure to focus on pricing
Market conditions for UK non-life insurers remain challenging as the difficult economic environment curbs demand for cover and insurers can no longer rely on reserve releases to improve profitability.
Groupama appoints household development underwriter
Groupama Insurances has appointed Kirsty Williams in a bid to target niche markets.
Biba returns to London for 2013 conference
The British Insurance Brokers' Association has confirmed that its 2013 conference will take place in London on 15 and 16 May.
Equinox Global boosts underwriting capacity
Trade credit Lloyd's coverholder Equinox Global has increased its available capacity to underwrite by more than 30%.
Third-party injury claims rise 8% despite fall in reported accidents
Eleven of the top 20 postcodes with the highest rate of third-party injuries are in Birmingham, according to new actuarial data.
Liberty Syndicates adds to specialty products team
Liberty Syndicates has appointed Susan Barber to manage and build on its personal accident and pecuniary lines treaty portfolios in the Lloyd's market, part of its specialty products underwriting division.