News
Cost of workplace accidents 'unacceptably high' says Greek Labour Minister
Greece’s Labour Minister has called for greater investment in health and safety to tackle the high cost of workplace accidents across the European Union.
Marsh predicts uptick in EMEA trade credit claims
Trade credit insurance claims are expected to rise in Europe, the Middle East and Africa throughout the remainder of 2014, as more firms across the region over-stretch themselves as they seek to capitalise on economic growth.
Motor price rises 'inevitable' as EY forecasts a return to loss-making in 2014
Motor insurance underwriting in 2014 will return to being a loss-making product after just one year in the black, according to EY’s annual UK motor insurance results seminar.
Underinsurance an issue for classic car owners as values soar
Owners of classic cars are being urged to review the value of their vintage vehicles amid claims that unprecedented appreciation has led to inadequate insurance coverage.
CMA proposals 'modestly credit negative' for motor insurers
Proposals for reform within the UK private motor insurance market set out by the Competition and Markets Authority are likely to be credit negative for insurers, according to ratings firm Moody’s.
Ana Cap ties up deal for French broker Assur One
European financial services private equity firm Ana Cap has teamed up with company management to complete the buyout of French digital insurance broker Assur One Group.
Peak Re appoints director for China
Hong Kong-based reinsurer Peak Re has appointed Helen Qian Mei Hong as director for China.
Axa Tianping targets internet generation with CCTV World Cup sponsorship
Shanghai-based general insurer Axa Tianping is sponsoring CCTV's most popular sports show for the duration of the World Cup as it seeks to grow its brand in China.
Goldman Sachs advising RSA on potential Asia arm sale
According to a market source investment bank Goldman Sachs is advising RSA on a bid to sell the insurer's Asian operations which could be worth up to $500m.
Vans targeted in one third of crash-for-cash claims
Light commercial vehicles have been involved in almost one third of collisions involving crash-for-cash fraud rings in the past 12 months, according to research from Hill Dickinson and anti-fraud firm APU.
Insurers voice concerns over prospect of mandatory telematics policies
Analysts predict opt-out system for telematics within next decade
CMA report provides boost but industry bemoans missed credit hire opportunity
Industry concerned inaction on subrogated repair costs prevents level playing field
Quindell urged to recruit insurance veterans following LSE listing failure
Analysts question firm’s lack of foresight after highly unusual listing refusal
Industry attacks government’s ‘flawed’ risk-pooling arrangement for schools
Marsh boss Weil warns scheme will ‘cost the taxpayer a lot of money’
Insurers' succession planning should aid talent retention
Insurers are placing greater emphasis on succession planning than at any time in the past but could still improve in this area, according to a study by Randstad Financial & Professional.
Airmic 2014: Petition Osborne on contracts bill says Law Commissioner
Law Commissioner David Hertzell has called on backers of the Insurance Contracts Bill to write letters to both Chancellor George Osborne and the Treasury demanding it moves forward before the election.
Airmic 2014: Airmic unveils commercial cover buyers guide
UK risk management association Airmic has launched a new guide for commercial insurance buyers designed to leave them better informed on what coverage they need.
RSA preparing to divest Asian operations, states report
RSA is looking to offload its Asian operations in an auction that could generate up to $500m (£294m), according to a Reuters report.
Couple sentenced for £1.1m life insurance fraud
A man who faked his own death and his wife were sentenced to prison today after fraudulently claiming £1.1m from life insurance policies and investments.
Airmic 2014: Global risks ‘among the most dangerous an organisation can face'
The chief executive of risk management organisation Airmic is urging companies to take steps to increase resilience and adaptability to global risks.
Airmic 2014: Innovation top insurance concern among risk managers
Lack of innovation is the biggest complaint risk managers have about the insurance industry, according to the latest annual poll of Airmic members.
Zurich launches enhanced home cover for 'super rich'
Zurich has launched a new home policy aimed at Britain’s wealthiest individuals.
Peak Re unveils positive first year results
In its first full year of operations Hong Kong-based reinsurer Peak Re has unveiled 2013 profits of $103m (£61.8m).
Validus bolsters senior team with trio of hires
Norwich-based insurance services firm Validus-IVC has added a pair of former Aviva employees and an ex-LV claims man to its senior team.