News
'Stabbed' insurance boss Rüther backtracks on attack
The German insurance boss who claimed to have been stabbed amid speculation of a possible takeover has admitted that no such attack took place.
EC Insurance appoints non-exec pair
Electrical Contractors' Association subsidiary EC Insurance has appointed two non-executive directors in the form of Gavin Richardson and Mark Crilley.
MGAs dubious on risk transfer consultation
Managing general agents suspect the FSA may have finalised new rules on risk transfer prior to closing its recent consultation.
Axa backs MoJ medical panels proposal
Axa has hailed the government's plans to introduce medical panels when assessing whiplash claims as a "major step" in combating fraud.
LV teams up with Risk Stop on SME surveys
Risk Stop has secured a three-year deal with LV to provide the insurer's commercial policyholders with questionnaires designed to assess SMEs' risks.
Abbey secures ABS licence
Abbey Protection Group has been granted an alternative business structure licence by the Solicitors Regulation Authority.
Zurich rolls out online home product
Zurich has launched a new own-brand home insurance product which will be administered through a strategic partnership with its subsidiary Endsleigh.
Unhappy investors uncover Drive Assist debtor discrepancies
Discrepancies over Drive Assist's debtors are said to have played a part in the company's downfall and resignation of founder Steve Binch, Post understands.
Neave to quit Co-operative and pursue non-executive roles in 2013
The Co-operative has revealed that David Neave is stepping down as managing director of its general insurance business in the first half of 2013 after seven years in the job.
William Russell adds benefits to global health cover
International insurance provider William Russell will include additional benefits in its global health plan range for 2013.
IFB and Foil say whiplash proposals will curb claims abuse
The Insurance Fraud Bureau and the Forum of Insurance Lawyers have thrown their support behind the government's whiplash proposals.
Asian flood deaths down but losses increasing
Mortality from Asian flood events continues to decline but economic losses remain a major cause of concern, according to data from the United Nations Office for Disaster Risk Reduction.
Magnitude 7.2 quake strikes Indonesia
An magnitude 7.2 earthquake off Indonesia has been felt in Australia.
Elite Incident Management to be liquidated next year
Motor claims outsourcing company Elite Incident Management is to be liquidated next year, the appointed insolvency practice has confirmed.
Wanna Insure launches telematics app
Software provider Wanna Insure is to launch a smartphone app that it says will help women drivers beat the incoming EU gender directive.
Biba and Aviva back MoJ whiplash consultation
The British Insurance Brokers Association and Aviva have become the latest insurance bodies to back the whiplash consultation from the Ministry of Justice.
IRDA raises cap on infrastructure investments
India's regulator has relaxed rules limiting insurers' investments in infrastructure in a bid to encourage the flow of funds to the sector.
Thompsons welcomes MoJ omission of EL and PL claims from whiplash consultation
Personal injury law firm Thompsons Solicitors has welcomed the government's decision not to include all personal injury claims, such as employers' liability and public liability, in its whiplash consultation proposals.
Fairfax finalises Cunningham Lindsey private equity deal
Fairfax Financial Holdings has completed the disposition of its interest in Cunningham Lindsey Group for proceeds of approximately £167.7m ($270m).
Ink plans January network launch
Giles subsidiary Ink Underwriting is to formally launch its new broker network, Compass Broker Partnerships, in January.
United India to enter Middle East and South Asia markets
State-owned United India Insurance Company plans to enter the Middle East and several South Asian countries owing to the large number of non-resident Indians living in these areas.
AA backs MoJ whiplash proposal while law firm brands it 'a waste of time'
The AA has welcomed the government's proposal to raise the small claims limit to £5000 on road traffic accident cases, but stressed that genuine victims should still be able to claim.
Swiss Re forecasts 8% growth in emerging markets in 2013
Global non-life direct premiums are projected to grow by 3% in real terms in 2013, fuelled by emerging market growth of nearly 8%, according to Swiss Re.
Higos swoops for Heath Lambert finance director
Intermediary Higos Insurance Services has named Heath Lambert's group finance head Nigel Thomas as its new finance director.