News
Apil and Mass launch judicial review of RTA personal injury scheme
The Association of Personal Injury Lawyers and Motor Accident Solicitors Society have launched a judicial review of the Justice Secretary's decision to reduce the amount of fees payable for cases conducted through the road traffic accident personal…
Mapfre to offer en route breakdown assistance in Turkey
Mapfre's Turkish subsidiary has set up what it claims to be the country’s first roadside Assistance fleet, specializing in repairing breakdowns that occur whilst en route.
McLarens launches expanded Bristol office
Commercial claims loss adjuster McLarens is to target the South West of the UK for growth, setting up a new, enlarged office in Bristol.
Specialist pan-European cyber broker start-up launches
IPS Protection, a UK-based broker specialising in cyber liability has launched today to fill what it claims is a gap in the market.
Polish Treasury may sell PZU stake to fund investment programme
The Polish Treasury has revealed it could sell its stake in Warsaw-listed insurer Powszechny Zakład Ubezpieczeń to finance its flagship investment programme, the deputy treasury minister said.
Brightside chalks up 12% increase in annual policy sales
Brightside built on its annual policy sales by 12% last year, taking its total for 2012 to 400 210.
Sony fined £250,000 for Playstation data breach
The UK Information Commissioner’s Office yesterday confirmed that it has fined Sony £250,000 for a ‘serious breach’ of the Data Protection Act.
London, Leeds and Bradford residents most likely to make theft claim
Homeowners in London, Leeds and Bradford are the most likely to make a claim for theft or burglary and are paying 20% more for their home insurance, according to Money Supermarket.
RSA strengthens global specialty lines team
RSA has appointed Tony Chaudhry as Europe director for its global specialty lines business.
China regulator wants broader insurer investments
The China Insurance Regulatory Commission is warning of a possible cash crunch in the industry.
ING sells stake in Indian life insurer
ING has sold its 26% stake in ING Vysya Life Insurance to its joint venture partner Exide Industries.
Drivers court danger to save cash
Nearly 30% of drivers were found to delay servicing their vehicle to save money, with 33% sparing costs to such extent that they could be putting themselves or other drivers in danger.
Motorists found to be more reckless when driving a van
Motorists are more likely to commit traffic offences and be involved in accidents when behind the wheel of a van.
Insurers upgrade Sahel risk forecast following hostage situation
The potential spread of Islamic terrorism from Mauritania in the West to the Horn of Africa in the East has become a profound threat to security, livelihoods and stability in the Sahel, according to Special Contingency Risks.
Keeling appointed NED at RFIB as Dandridge departs
International Lloyd’s insurance and reinsurance broker RFIB has appointed Henry Keeling as a non-executive director.
RSA strengthens global specialty lines team
RSA has appointed Tony Chaudhry as Europe director for its global specialty lines business.
Vienna Insurance Group sees premium growth of 9.5%
Vienna Insurance Group posted 9.5% premium growth in the in its preliminary full year results for 2012, published today.
16% of SMEs fear collapse in 2013: Zurich
More than 15% of SMEs perceive themselves to be at high risk of going out of business this year according to a survey by Zurich and YouGov.
Pressure mounting on government as MP brands flood talks 'in disarray'
Ministers have been forced to reiterate that flood talks between the government and the Association of British Insurers are ongoing after a member of parliament claimed discussions were “in disarray”.
European insurers look to exit run-off business
The trend of insurers looking to exit their legacy business is likely to continue over the next 12 months according to Pricewaterhouse Coopers.
L&G targets HNW customers with new home insurance product
Legal & General has followed up on its vow to expand the range of personal lines products it offers, by launching a bespoke product designed for customers in the mid and high net worth market.
Regulators issue guidance to avoid another PPI scandal
The UK Financial Services Authority and the Office of Fair Trading have jointly published guidance to help design a new generation of payment protection insurance products.
Claims cost European insurers €930bn in 2011
A total of €930bn in claims was paid out by the European insurance sector in 2011 – a 7.5% increase on 2010, figures from Insurance Europe have revealed.
PZU could see profits drop PLN400m if interest rate cut
Poland's largest insurer Powszechny Zaklad Ubezpieczen S.A. has said its net profit could fall by 400m zlotys (€95.4m) if the country's key interest rate declines further.