News
ERS recruit from Rural for business development pair
ERS has picked up a pair of business development executives from Rural Insurance, with responsibility for Scotland and the North East.
Marsh boss Weil calls for U-turn on 'perverse' risk pooling for schools
Global broker Marsh is urging the government to rethink the introduction of a risk pooling arrangement for academies and free schools amid claims the scheme will result in a substantial loss for the taxpayer.
CHO urges CMA to adopt existing framework for credit hire claims
The Credit Hire Organisation is urging the Competition and Markets Authority to use the existing credit hire claims settlement framework when it issues its final report on competition in the private motor insurance market.
Willis launches Shariah compliant real estate product
Willis has launched the UK's first Shariah compliant commercial real estate insurance solution.
David Holman memorial service open to market colleagues
Market colleagues have been invited to attend a memorial service in honour of the former boss of Lloyd’s broker John Holman & Sons, David McArthur Holman, who has passed away at the age of 85.
Ex-RSA and Axa claims boss Thomson joins SSP
SSP has appointed RSA’s former head of claims strategy and implementation Neil Thomson as its global head of insurer propositions.
Language barrier problematic for insurers in claims process
The London riots of 2011 have been highlighted as an example of how a potential breakdown in communication can hinder the claims process following a catastrophic incident.
Easter New Zealand storms cost insurers $39m
According to the Insurance Council of New Zealand April's Easter storm caused insured losses of nearly NZ$46m ($39m).
HKFI concerned over IIA's tribunal appeals' costs
The Hong Kong Federation of Insurers is concerned over the attribution of costs concerning appeals from the Independent Insurance Authority.
Cyber crime 'costs the global economy $445bn a year'
Cyber crime is estimated to cost the global economy around $445bn a year according a report from the Center for Strategic and International Studies.
Beazley looks to Amlin for double hire
Beazley has expanded its UK homeowners insurance team with the appointment of two underwriters.
World Cup cancellation insured to the tune of £744m
The sum insured for cancelling the 2014 FIFA World Cup in Brazil has been estimated at $1.25bn (£744m) by specialist insurer Beazley.
Insurers recognise need for efficiency
Insurance executives have identified back office functions and claims as the top areas of their business where efficiency could improve, according to research from the EDM Group.
LMA's Gittings joins XIS board
Xchanging Insurance Services has appointed two new board members including Lloyd's Market Association chief executive David Gittings.
Equinox Global launches Dutch unit
Trade credit specialist Equinox Global has opened a new office in the Netherlands, helmed by a former Atradius special products head.
Bluefin hires Sherwood for Milton Keynes role
Bluefin has appointed Craig Sherwood as its Milton Keynes branch director.
Hood Group unveils travel insurance product
Affinity insurance provider Hood Group is aiming to replicate the success it has achieved in its home insurance partnership proposition with the launch of a new travel insurance product.
Motor insurers record first profit in 20 years, claims EY
The motor insurance market has recorded its first underwriting profit since 1994, according to figures released by EY this morning.
Chinese regulator advises insurers to keep business separate
The China Insurance Regulatory Commission has sent draft guidelines to insurance companies advising them to keep insurance and non-insurance business separate.
Quindell targeting premium listing 'as soon as practicable'
Quindell has stressed its commitment to a premium listing on the London Stock Exchange, pledging to update investors in the next ten days.
PPO injury research to help insurers with future risk
The Institute and Faculty of Actuaries has developed a new categorisation for serious spinal and brain injuries aimed at helping insurers better estimate future liabilities.
Over 20 killed in terrorist attack at Karachi airport
At least 20 people have been killed including 10 militants following a terrorist attack on Pakistan's busiest airport.
Fosun eyes stake in South Korea insurer
Chinese conglomerate Fosun has joined the race for a minority stake in South Korean property and casualty insurer LIG.
Marine insurers given more autonomy in Shanghai
The China Insurance Regulatory Commission is allowing marine insurers and reinsurers in Shanghai more autonomy via the Shanghai Institute of Marine Insurance.