News
ABI concedes two-year delay in mesothelioma payments 'not ideal'
The Association of British Insurers' head of motor and liability, James Dalton, has defended a new scheme to provide compensation to workers exposed to asbestos who are unable to trace a liable employer or insurer.
Lack of co-operation 'costs motor insurance £230m'
A lack of co-operation among motor insurers could be costing the industry more than £230m, according to the Chartered Insurance Institute Claims Faculty's New Generation Group.
Defendants face stiff challenge on subrogation inflation argument
The recent verdict in RSA's high-profile subrogation case could pose challenges for insurers wishing to dispute increased pricing on motor claims in court, according to Temple Garden Chambers barrister Aidan Ellis.
Probroker defends membership levels as broker network competition hots up
Marsh's UK broker network has defended its tally of 28 members in the three and a half years since its launch, insisting that the proposition is more than just a numbers game.
Brokers urge against unnecessary bureaucracy in mis-selling regulation
Broking representatives have called on the regulator to make sure that its pledge to stamp out any sales-driven mis-selling of products to consumers does not turn into a “box-ticking” exercise.
Vienna Insurance to stop accepting paper shares
Vienna Insurance Group AG Wiener Versicherung Gruppe has commenced an invalidation procedure with regard to shares represented by paper certificates.
Zurich renews seven-year CSC agreement
Zurich has extended its IT application system master service agreement with technology provider CSC for another seven years.
Purely Insurance set for revival under Blink's Harrison
The scrapped motor insurer could be due for a comeback under intermediary solutions partner Blink, Post understands.
Ace shuffles European technical team
Ace has appointed Gilbert Flepp and Hervé Cosson to its continental Europe team with immediate effect.
Google scores 75% visibility on day one of car insurance service
The search firm's new price comparison service scored highly on marketing metrics on its first day, according to Greenlight.
DLG to offshore roles as part of £100m annual cost savings drive
Direct Line Group is set to offshore a "limited number" of chief operating office and sales, service and partnership roles as it begins to cut hundreds of UK jobs ahead of a planned flotation.
Groupama acquisition could propel Ageas UK into top 10 insurer spot
The insurance industry is considering the effect of consolidation and change in the UK personal lines market after Ageas entered into exclusive discussions with Groupama with a view to taking over its UK insurance company.
Death toll still rising from factory fire in Pakistan
At least 289 people were killed and dozens injured in a fire at a garment factory in Pakistan yesterday in what experts say is the biggest industrial accident in the country's history.
Seven directors quit Omega
Seven directors including Omega chief executive Richard Pexton have quit the business.
EU placated as Guernsey repeals "harmful" tax provisions
Guernsey's revised zero-10 corporate tax regime has been given a clean bill of health by the European Union after previously being deemed harmful by regulators.
Oxford MD quits to join CFC
Oxford Insurance Brokers managing director Neill Cotton has quit the company after almost a decade to join CFC.
Tungsten evaluating Equity bid
The investment vehicle, helmed by Edmund Truell, is believed to be considering an offer for the IAG-owned insures.
Casualty insurers warned about recent legal deveopments
A ruling on pesticide manufacturers' liability, reforms to Spanish law on directors' and officers' cover and more stringent rules for Polish motor insurers, are among recent legislative changes with implications for European casualty insurers.
Michael Jackson promoter withdraws £11m insurance claim
Michael Jackson's former concert promoter is to withdraw a £10.9m insurance claim over the pop star's cancelled shows.
Fitch sharpens focus with India rebrand
Ratings agency Fitch today launched a new brand for its existing national ratings business in India.
RBS could float DLG tomorrow
RBS is to launch an initial public offering of Direct Line Group on Thursday, reports have suggested.
Ai Claims gains first CII accreditation
Accident management company Ai Claims Solutions' operations manager has become the first member of team to be awarded a Chartered Insurance Institute qualification.
'You will get caught,' Aviva warns fraudsters
Aviva has warned fraudsters against submitting bogus claims ahead of the Association of British Insurers' fraud conference tomorrow.
Lorega supplier joins adjusting team
Loss recovery insurance specialist Lorega has appointed Martin Almond as a chartered loss adjuster in its loss adjusting subsidiary, Lorega Solutions.