News
Interest rates threaten German insurers' financial strength
Low investment yields owing to persistent low interest rates are putting the financial strength of German insurers in jeopardy, Standard & Poor's said today.
Lancashire's head of marine goes to Argenta
Argenta Holdings subsidiary Argenta Syndicate Management has appointed Vincent Leonardi as marine underwriter at Argenta Syndicate 2121.
Claims 2012: ABI brands Riot Damages Act "inadequate"
Last year's riots in England demonstrated the need for radical reform of the Riot Damages Act, according to Aidan Kerr, head of property insurance at the Association of British Insurers.
Allianz appoints UK marine hull and liability head
Allianz Global Corporate & Specialty has appointed Chris Turberville as head of marine hull and liability UK.
AGCS names head of marine hull and liability
Allianz Global Corporate & Specialty has appointed Chris Turberville as head of marine hull and liability UK.
Revised uplift judgment sparks impassioned responses from ABI and APIL
The Court of Appeal decision to revise its initial judgment relating to a 10% uplift in general damages has drawn contrasting responses from two of the key stakeholders from the hearing.
Argenta recruits marine underwriter for Syndicate 2121
Argenta Syndicate, a subsidiary of Argenta Holdings, has appointed Vincent Leonardi to marine underwriter at Argenta Syndicate 2121.
AMG founder Mairs returns to insurance fold with Merlin quartet
The founder of the now defunct loss adjusting group Merlin is poised to return to the insurance market in the first quarter of 2013 as an investor in a new building repair network.
Simple economic capital models could avert financial crisis
The insurance industry needs more dynamic economic capital models if it is to avoid suffering some of the problems exposed during the financial crisis four years ago.
Sheilas' Wheels unveils gender-neutral pricing strategy
Female-focused car insurer Sheilas' Wheels has outlined its plans to implement the European Gender Directive, which comes into force on 21 December.
Lorega launches SME loss survival products
Lorega has launched two products allowing brokers to provide SMEs with fast access to loss adjusting expertise in the event of a potentially devastating loss.
ABI wins 10% damages uplift challenge
Claimants that have entered a conditional fee arrangement before 1 April 2013 will not qualify for the 10% uplift in damages after the Association of British Insurers won a challenge in the Simmons v Castle case.
Allianz Legal Protection extends BMW affinity deal to motorcycle brand
Allianz Legal Protection has become the legal expenses provider for BMW’s motorcycle brand BMW Motorrad, in an affinity arrangement through specialist motorcycle broker Devitt Insurance Services.
RK Harrison unveils professional indemnity cover for art sector
R K Harrison Insurance Services has developed a professional indemnity insurance policy for art market professionals.
Groupama downgraded after non-payment of coupon
Groupama Group has been downgraded by Standard and Poor's following the French insurer's statement on Friday that it will not pay the next coupon on 22 October on junior subordinated notes issued in 2007.
Homeowners expose themselves to unpaid claims, report finds
Almost 60% of homeowners still expect their insurer to pay out for any weather-related damage to their home, no matter what its state of repair, Axa's winter claims research has revealed.
Groupama parent downgrade "irrelevant" to UK insurer
Groupama Insurances's chief executive has said that a revision of the security rating of its France-based parent Groupama Group has "no relevance" on the UK insurance operation.
Autonet welcomes new motor dealer to affiliate network
Van insurance broker Autonet has unveiled a new affiliate partner collaboration in a deal that will see Perrys Group join the firm's networking scheme.
DLG shares attract surge in interest
Stockbrokers have reported a surge in interest in Direct Line Group shares ahead of its flotation tomorrow.
Quindell acquires software provider Metaskil
Outsourcing firm Quindell has this morning confirmed the acquisition of Metaskil, a specialist solutions provider to the insurance industry.
Yutree appoints former Bluefin underwriting director to MD role
Commercial broker Yutree has appointed former Bluefin underwriting director Kevin Hancock as its managing director.
Global insurance federation vows advocacy role
Thirty-one insurance associations representing 87% of the worldwide insurance business formally established the Global Federation of Insurance Associations today.
Crawford appoints business development head for EMEA
Claims management firm Crawford & Company has appointed Tobias Walter as business development director for the Continental Europe, Middle East and Africa region.
Manulife Maylaysia appoints new CEO
Manulife Insurance Berhad (Manulife Malaysia) has appointed George Chew as chief executive.