News
GFIA launches official website
The Global Federation of Insurance Associations has launched an official website designed to promote better understanding of the global insurance industry.
Towergate takes on NFU Mutual team in Aberdeen
Towergate has underlined its retail growth plans for Scotland with the hire of a seven-strong team to the consolidator's Aberdeen office.
South Korean regulator voices concerns over local insurer solvency
The South Korean regulator has advised local insurers to increase their capital base.
Farm and General selects Transactor as software provider
Insurance software house Transactor Global Solutions has been chosen as the new software supplier for specialist agricultural and horticultural insurance provider Farm and General Insurance Consultants.
Marsh launches 12th global energy hub in Mumbai
Marsh has launched its 12th global energy hub in Mumbai to serve the risk and insurance needs of the growing oil and gas sector in the region.
Lorega hires ex-Keelan Westall development manager
Lorega has hired Sam Purcicoe from broker Keelan Westall as business development manager for the north of England.
Autonet offers online support to prospective van buyers
Autonet Insurance has refreshed its online offering to provide customers with tips on what to look for before purchasing a second-hand van.
Colosso joins Howden as non-executive chairman
Former Heath Lambert chief executive Adrian Colosso is returning to the insurance market as non-executive chairman of Howden Broking Group.
Government criticised for jumping the gun with whiplash proposals
Claimant bodies have accused the government of attempting to introduce "too much reform, too soon" following publication of the Ministry of Justice's long-awaited whiplash consultation.
Jelf to set up managing general agency as it pays maiden dividend
Jelf is to set up a managing general agency offering products to members of its Purple network as the company plans its first acquisitions in five years.
Law report: Passage of time weakens evidence
Law reports contributed by national law firm Berrymans Lace Mawer.
Law report: Court of Appeal upholds decision to protect solicitors' entitlement to seek further advice
Law reports contributed by national law firm Berrymans Lace Mawer.
Law report: Attention to risk assessment proves vital in icy conditions
Law reports contributed by national law firm Berrymans Lace Mawer.
Experts predict telematics the norm within five years
Insurance technology experts believe that telematics devices in vehicles will become the norm by 2017.
Mobile technology approach must be modified by insurers
Insurers have been urged to rethink their approach to mobile technology, following accusations that claims apps have proved to be a "waste of time and money".
Market moves: Willis reshuffle and new Marsh Asia-Pacific CEO among biggest changes
This week represented a big seven days for the broking community, with key changes at Willis and Marsh.
Allianz Belguim and Allianz Netherlands to merge
German insurer Allianz is integrating its Belgian and Dutch operations in a bid to strengthen its presence in the Benelux region.
Munich Re reinsurers guarantees for Chinese PV manufacturer
Munich Re has taken the step of reinsuring the performance guarantees that Chinese photovoltaic manufacturer Yingli Green Energy gives to its customers for multicrystalline modules.
Corporation tax could hit 20%: PWC
UK Chancellor George Osborne could shave corporation tax further next year following his announcement that it would fall to 21% by April 2014.
Whiplash proposals could tackle 'disproportionate' claim volume, Groupama says
Groupama has become the latest insurer to support Government’s proposals to cut the cost and number of whiplash claims.
CHO welcomes Competition Commission's consumer harm focus
The Credit Hire Organisation has welcomed the Competition Commission's detailed plan of investigation into the motor insurance market.
Indian union threatens walkout over proposed FDI hike
An Indian trade union has threatened to go on strike if a proposal to raise the cap on foreign direct investment in the insurance sector is passed by parliament.
Brokers turn to unrated insurers for high risk clients
Towergate's decision to sign a £70m underwriting deal with Gable is evidence of a change in market perception on unrated insurers and an increasing willingness to use them, industry players believe.
Over 50% of UAE residents never buy travel insurance
More than half of UAE residents do not purchase travel insurance when going abroad, according to research published by Zurich this week.