News
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.
Smaller brokers have nothing to fear from Financial Conduct Authority
An ageing workforce rather than more stringent regulation is likely to drive consolidation of smaller brokers in the year ahead, according to market experts.
Law report: Ice hockey fan hit by puck loses out after court accepts National Ice Centre employee evidence
This law report has been contributed by law firm Berrymans Lace Mawer.
Law report: Non-compliance changes procedure
This law report has been contributed by law firm Berrymans Lace Mawer.
Insurers and lawyers lock horns over plans to cut recoverable claims costs
The Association of British Insurers has accused claimant lawyers of attempting to derail “crucial” reforms to the electronic personal injury claims portal by launching a judicial review.
UK regulator committed to risk-based regulation regardless of EU status
Plans to implement Solvency II will not be derailed by the Prime Minister’s pledge to hold a referendum on European Union membership if he is re-elected at the next general election.
View from the Top: The whiplash gold rush
Insurers must ‘respond vigorously’ to glut of spurious last-ditch claims ahead of Laspo implementation.
Market Moves: Reshuffles at Ace Group and Axa represent week's main moves
Ace Group, Axa and Legal & General were the most active firms in the recruitment space this week, with the trio making major reshuffles. Ace rejigged its Europe, Middle East and Africa claims team, Axa added new executives to it direct and partnerships…
Transactor to recruit first COO
Insurance software house Transactor is hoping to appoint its first chief operating officer in the first half of 2013.