News
Career development: Apprenticeships to boost economy
Apprenticeship completions over the next decade are forecast to contribute £3.4bn a year to the economy through productivity gains by 2022, according to a report from the Centre for Economics and Business Research.
Ecclesiastical calls for double-digit rate rises
Ecclesiastical’s UK managing director Steve Wood has admitted parts of its liability book could see rate increases in excess of 50% in 2013.
Indonesia "most exciting market" in South East Asia
Indonesia is the most exciting growth market for insurance in South East Asia, although Vietnam also has significant potential, market insiders said today.
Hannover Re completes its conversion to an SE
Hannover Re has completed its conversion to a European Company,Societas Europaea, following its entry in the commercial register of Hannover County Court.
A&A director steps down after 28 years at intermediary
The A&A Group sales and marketing director Steve McPherson will leave the company this week following a 28 year stint at the firm.
Ecclesiastical COR deteriorates while profits grow
Ecclesiastical’s combined operating ratio deteriorated by three percentage points year-on-year to 108.5% in 2012 against an underwriting loss of £24.6m (2011: £18.7m) and challenges arising from non-core business lines.
Trio handed panel roles to provide challenge to FCA policy
Three new chairmen have been appointed to the independent panels representing regulated firms which lead the process for constructive challenge of the Financial Conduct Authority’s policies and practices.
Warranty gap insurance catching on in Continental Europe
Increased awareness of warranty and indemnity insurance is spurring the growth of the market in European territories, according to CMS Cameron McKenna.
Biba and Marsh to join the flood debate at Efra evidence session
The British Insurance Brokers’ Association and Marsh have been invited to give evidence at tomorrow’s Environment, Food and Rural Affairs Committee meeting on flood insurance provision, after a previous evidence session was adjourned.
Regulatory convergence not necessarily 'better' for insurance industry
Attempts to harmonise global insurance regulations are “more aspirational than realistic”, according to DLA Piper’s Bill Marcoux.
Ferma urges Europe to provide legal basis for commission disclosure for all in IMD2
The Federation of European Risk Management Associations is calling on the European Parliament to ensure that all insurance buyers are entitled to a minimum European standard of disclosure in the revised Insurance Mediation Directive II
Consolidation "inevitable" in Saudi insurance market according to S&P report
Prospects appear to be improving for Saudi Arabia's insurance industry, according to a new report from Standard & Poor's.
Legal jobs petition targets Laspo reforms
Raising the small claims limit from £1000 to £5000 will cost 100 000 people their jobs according to a petition launched by solicitors.
FSCS broker levy 'war not over'
The British Insurance Brokers' Association has vowed to continue fighting the Financial Services Compensation Scheme's plans to impose an interim levy on insurance brokers.
Towergate shuts Birmingham broking branch
Towergate is to close its Birmingham office, with managing director Brian Kerry made redundant.
Canopius relaunches Bermuda business
Canopius has completed the integration of Omega’s Bermudian operation, rebranding the business as Canopius Reinsurance.
Top five Asian news stories
The top five Asian news stories from www.insuranceinsight.com over the past seven day.
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.
GWP for mobile goods will be worth $14.6bn by 2016
The global market for extended warranties and insurance for mobile goods is expected to surge 46.3% from $10bn to $14.6bn by 2016.
Government slashes flood-defence funding further
The government has cut the budget for maintaining flood defences and clearing rivers from £68m to £39m, flooding Minister Richard Benyon revealed in a parliamentary written answer.
FCA unveils three chairmen for practitioner panels
The Financial Conduct Authority has appointed three chairmen to lead the independent panels which will dictate the new regulator’s policies and practice from the point of view of regulated firms.
Middle East enters 'new order' after Arab Spring
Political risk across 13 countries has eased in the post-Arab Spring world according to Aon’s annual political risk map.
Bluefin broker of choice for arts consultancy
Independent broker Bluefin has signed a deal to become the broker of choice of UK arts sector consultancy Arts Quarter.
Keycare signs deal with Chaucer Direct
Keycare has been appointed by Chaucer Direct to provide key replacement service for customers that are renewing or taking out a motor insurance policy.