News
Aviva to post £3bn+ loss: reports
Aviva could be set to post a full year loss of more than £3bn, according to reports in the Sunday Times.
Amlin returns to gross profit after £141m Sandy claims
Amlin has posted a pre-tax profit of £262.2m for the year ending 31 December, swinging into profit after a £193m loss in 2011.
Hong Kong targets captives
The Hong Kong government is to implement a 50% profits tax reduction on captive insurers' offshore insurance business.
New India targets 55 000 more agents
New India Assurance wants to more than double its agency base in India and will open three more offices overseas.
BT granted ABS approval
BT is set to target the motor claims industry having been granted approval by the Solicitors Regulation Authority to operate an Alternative Business Structure.
Mass considering options following RTA ruling
The Motor Accident Solicitors Society will mull over its next steps following the rejection of its judicial review into the consultation on fixed fees in the Road Traffic Accident Portal.
Apil: ‘Dark day’ for innocent PI claimants
The Association of Personal Injury Lawyers said today was a “dark day” for innocent claimants, as the High Court rejected its legal challenge to the Ministry of Justice consultation on the Road Traffic Accident scheme.
ABI backs "common sense" RTA portal ruling
The Association of British Insurers has backed the High Court’s decision to reject a judicial review of the Road Traffic Accident personal injury scheme.
Court rejects Apil and Mass’ judicial review
The High Court has rejected the joint legal challenge launched against the Road Traffic Accident personal injury scheme consultation process, launched by the Association of Personal Injury Lawyers and the Motor Accident Solicitors’ Society in January.
PZU plans to cut 630 jobs as part of restructure
Polish insurer PZU expects to cut 630 jobs as part of its restructuring plans.
Hastings relaunches TV marketing campaign
Hastings Direct has created three new 30 second adverts based on a new strapline: “refreshingly straightforward insurance.”
Peter Haynes becomes MD of ANV syndicate
ANV Holdings BV, the Dutch headquartered specialty insurance business, has appointed Peter Haynes as the Managing Director for ANV Syndicate.
LV criticises RTA portal legal challenge
LV has criticised the two claimant lawyers’ representative bodies challenging the extension of the road traffic accident portal and the capping of legal fees.
IFB boosts fraud fight with new member
Car and van insurance provider Octagon Insurance has become the latest organisation to sign up as a member of the Insurance Fraud Bureau.
Laspo to leave law firms at risk of negligence claims
The Legal Aid, Sentencing and Punishment of Offenders Act, due to take effect on 1 April 2013, will leave law firms at risk of professional negligence claims, warned Elite Insurance.
Cunningham COO among senior trio exit
Loss adjuster Cunningham Lindsey has confirmed that three of its most senior executives have left the company.
Ace targets Swiss growth with A&H hire
Ace Group has appointed Ana de Montvert as business development manager for its Swiss accident & health business, as the company expands its consumer insurance proposition in the country.
Willis UK given chartered broker CII status
Broking giant Willis has been awarded chartered insurance broker status for its UK business by the Chartered Insurance Institute.
Keoghs warns over potential hike in RTA claims
Defendant law firm Keoghs and has warned of a possible rise in claims capturing following the government’s announcement to apply the new fixed recoverable costs to all road traffic accident cases notified in the portal after the end of April.
Lancashire leads pack with "thumping" 2012 result
Lancashire’s 2012 results place it “firmly at the front of its peers in terms of underwriting delivery and return of capital”.
Willis makes European captive hire
Willis has appointed Lesley Harding as chief executive officer of the Willis Global Captive Practice in Europe.
CGSC reveals US management changes
Shaun Hooper has succeeded Neal Abernathy as president and chief executive of Cooper Gay Swett & Crawford's wholesale, reinsurance broking and underwriting operations in North America.
Chesnara appoints non-executive director
Mike Evans has been named as a non-executive director of Chesnara with affect from 4 March 2013.
Willis appoints new European captive head
Lesley Harding has been named chief executive officer of Willis' global captive practice in Europe, effective 1 March.