News
L&G reshuffles its pack after positive Q3 results
Legal & General has completed a management reshuffle of its general insurance, retail protection and group protection businesses.
AIG on risk for fatal incident as cause of helicopter crash investigated
AIG has confirmed it was the insurer of the twin-engine helicopter that clipped a crane and crashed in central London last week, after being diverted to an early landing pad due to bad weather.
Gable gets French connection with new product
Gable Insurance has launched a rental guarantee product into the French market following successful launches in Norway and Denmark.
Premium Credit CEO aims for 16% broker penetration in next 12 months
Premium Credit chief executive Andrew Doman has outlined his strategy to double broker penetration in 2013.
Investing in the Profession: Hastings announces 200 new jobs in move to triple its customer base
South Coast insurance broker Hastings Direct has signalled its intention to bring fresh blood into the business with plans to recruit 200 new employees.
Market moves: Busy week for insurers sees sector take on seven new recruits
Following a week of broker domination in recruitment, insurers have battled back in a big way with no fewer than seven headline hires at companies ranging from agricultural insurer Rural to Lloyd's syndicate Aegis London.
UK exit could impact insurance regulation
A change in the UK's relationship with the European Union would most likely affect insurers in the area of regulation, according to PwC.
Biba welcomes Cameron referendum promise
The British Insurance Brokers' Association has backed a guarantee from Prime Minister David Cameron to hold an 'in/out' referendum on the European Union by the end of 2017.
Corporates still at risk from Eurozone economic woes
The Eurozone's economic situation may be improving, but the environment for corporates remains very difficult, according to Coface chief economist Yves Zlotowski.
HCML launches new system to improve rehab service
Health & Case Management Limited has expanded its immediate medical assessment service for insurers and solicitors with a view to improving benefits for the injured party.
Delta Lloyd lists on Brussels stock exchange
Netherlands-based insurer Delta Lloyd NV listed on the NYSE Euronext Brussels for the first time today.
Supreme Court rejects Prudential legal advice appeal
The UK's Supreme Court has ruled that legal advice provided by non-legal professionals does not qualify for legal privilege, ending a legal battle with Prudential and PWC which has run since 2007.
EC probes impact of insurance contract law on cross-border trade
The European Commission has launched an expert group to consider the creation of a pan-European insurance contract law.
Towergate Midlands MD departs in regional reshuffle
Towergate has restructured the leadership of its Midlands operations, with regional managing director Paul Watts departing the business alongside other changes.
Burns made senior partner at Clyde & Co
Clyde & Co has appointed James Burns as the latest senior partner following an uncontested election.
Bahrain sees 9% jump in premiums in Q3 2012
The Central Bank of Bahrain has announced that the local insurance market posted growth during the third quarter of 2012, with gross premiums increasing by 9% over the same period of 2011 to register BD184.11m (£307.85m) by the end of September 2012.
Aon launches weather reinsurance product
Aon Benfield has launched a weather reinsurance product that offers protection against adverse weather losses in the UK.
Eiopa moves to calm German concerns over Solvency II
The European Insurance and Occupational Pensions Authority will look into the treatment of long-term guarantees in a study starting next week.
South Korea, Turkey, Indonesia and Mexico next economic "juggernauts," claims Willis
Preparing for a new wave of emerging markets is one of the key risks businesses face over the next 12 months according to broker Willis.
Two new non-executive directors join FSCS board
The Financial Services Authority has appointed two new non-executive directors to the board of the Financial Services Compensation Scheme.
Insure The Box launches "girlish" brand
Telematics specialist Insure The Box has launched a new brand, Drive Like a Girl, that it claims can help "young female drivers beat the EU price hike in car insurance" by rewarding young drivers, regardless of gender, who can "prove" they drive safely…
Mitsui backs Dual with Singapore capacity
Insurer Mitsui Sumitomo has completed a deal to provide financial lines capacity for Hyperion-owned underwriting agency Dual in Singapore.
Insurers hit back at accusations of stricter policies on claims payouts
Tensions have erupted between the broker and insurer trade bodies after the British Insurance Brokers' Association took to breakfast television to air members' complaints about insurer policies on paying claims.
Weather and emerging markets key 2013 risks, warns Willis
Extreme weather and a new generation of emerging markets are among a new list of risks faced by businesses over the next 12 months identified by Willis.