News
Willis: Cat bonds hit a new high in 2012 with 37% increase
Last year saw the second highest level of catastrophe bond issuance on record signalling strong growth in the market, according to Willis Capital Markets & Advisory.
Extreme weather conditions barely disrupt film insurance market
While floods, tropical storms and fires have generated extra claims for insurers worldwide, a Lloyd’s broker who specialises in film insurance says his firm has not perceived a rise in losses.
Williams: Judicial review to benefit claimant solicitors by £622m a year
David Williams, underwriting director of AXA commercial lines and personal intermediary, has claimed the judicial review launched by the Association of Personal Injury Lawyers and the Motor Accident Solicitors Society will benefit claimant lawyers by…
Direct Line Group facing price fixing complaint from Dispatches' Moody
Direct Line Group is facing a joint price fixing complaint by Retail Motor Law and the Vehicle Builders & Repairers Association.
Spain's criminal code reforms could impact D&O, broker warns
Reform of Spanish regulations governing the criminal liability of companies could impact the directors and officer’s insurance market, according to Guy Carpenter.
Legal reform will spark M&A for brokers, law firms and CMCs
Imminent changes to the legal landscape will lead to an increase in mergers and acquisitions among brokers, law firms and claim management companies, according to Deloitte.
Whitehair appointed MD of SPB UK
French affinity insurance specialist SPB plans to grow its business in the UK through its ownership of Citymain Group.
New MD for renamed Citymain Group
SPB has renamed its insurance administrator Citymain Group as SPB UK and appointed Colin Whitehair as managing director of the newly named division.
Microinsurance to reach 1 billion by 2020
The number of low income people covered by microinsurance is expected to hit one billion by the end of the decade, according to the Luxembourg-based Microinsurance Network.
PM: Dangerous driving sentences could be increased
Prime Minister David Cameron has suggested the government will explore increasing the maximum sentence for dangerous driving.
RFIB to replace departing FD Cotton next month
International Lloyd’s broker RFIB Holdings has appointed Nick Moss as finance director.
Ex-Jelf healthcare specialist joins Giles
Giles Healthcare has appointed a new senior healthcare consultant in Lisa Blackwell who joins from Jelf.
China's soft landing aids other rapid growth markets
An increase in intra-regional trade, easing of monetary and fiscal policy, and higher demand for commodities will lead to an improvement in the economic outlook for the rapid-growth markets in 2013, according to Ernst & Young.
Lloyd’s syndicates see improved investment returns
Investment performance at Lloyd’s improved over the course of 2012 according to figures from investment analyst Camradata.
Ex-Ink boss Smith makes market return with new MGA
Former Ink Insurance managing director Mike Smith has made a market return with newly formed MGA Incorporated Insurance Group.
Arc Legal joins MGAA
Legal expenses insurance provider Arc Legal has become the latest member of the Managing General Agents' Association.
Quarter of crash victims pressured into claiming, says LV
One in four crash claimants say they would never have sought compensation if they hadn’t been pressured by a third party, according to research from LV.
Hyperion IPO back on agenda following BP Marsh talks
Hyperion could be gearing up for a flotation before the end of the year, according to analysts.
Queensland flood damage bill reaches AUS$290m; costs set to rise
The devastating flooding in Queensland is expected to cost well over AUS$290m as over 25 800 claims have been received by insurers with more to come, according to the Insurance Council of Australia.
Listings for government owned insurers in India on hold
According to a senior official at the Indian finance ministry, the government has put off plans to list state run insurers as their financial health is not conducive.
Munich Re study predicts greater storm activity in Asia
A study by Munich Re and the German Aerospace Centre predicts we are coming up to the end of a 10-year cycle which will bring greater storm activity in east and south east Asia.
Law report: Third parties exonerated in workplace injury case
This law report has been contributed by law firm Berrymans Lace Mawer.
Sandy set to generate lengthy legal battles amid deductibles debate
Settlements over the first disputes to arise from claims relating to Superstorm Sandy are unlikely to be reached until the middle of 2014 at the earliest.
Brokerbility boss challenges industry to set agenda for future generations
Brokerbility has launched a call to arms for the insurance industry having tired of witnessing a series of political and PR own goals.