News
ABI attacks 'futile' attempts to prevent portal extension
The Association of British Insurers has slammed plans by claimant lawyers to launch legal action to prevent the extension of the Road Traffic Accident Portal next April, accusing them of futile attempts to stall its implementation.
Ex-Zurich Global executive Tabard lands Property Insurance Initiatives role
Former Zurich Global Corporate executive Martin Tabard has returned to the UK market as a non-executive director of new property insurance broker Property Insurance Initiatives.
Bollington MBO could be completed within weeks
A management buyout at Macclesfield-based Bollington could be finalised within weeks, despite speculation that a decision on the Groupama-owned broker's future is on the back burner.
Government given mixed reviews half way through electoral term
Insurance industry stakeholders have given verdicts on the government's performance as it reaches the half-way point in its five-year electoral term.
Insurance trio combine to form consultancy
Former Merlin chief technical officer Kevin Wood, Sigma Claims Solutions co-founder Simon Burley, pictured, and ex-Davies claims operations director Jim Pittman have joined forces to set up a new consultancy firm.
SRA to make life simple for lawyers and CMCs with referral fee checklist
The Solicitors Regulation Authority will publish practical 'FAQ' guidance well ahead of the April 2013 ban on referral fees to best inform claims management companies and solicitors on exactly how the watchdog will monitor and enforce compliance.
Airmic raises supply chain cover concerns
Business interruption and supply chain insurance products are too expensive and onerous in information requirements to meet client needs, according to risk management association Airmic.
In conversation with Zurich: Growing SMEs
As a firm develops from a start-up to a fully fledged corporate entity, its risk profile inevitably changes. And, as its exposures change, its insurance needs evolve too.
Market moves: No slowdown in recruitment for the insurance industry
Despite moving into December, the industry recruitment machine remained in full swing this week, with a string of appointments finalised across a range of market sectors.
ABI and Lloyd's welcome government tax cuts
The Association of British Insurers has welcomed the government's plan to reduce corporation tax to 21% in 2014.
Fitch affirms Flagstone ratings after Validus deal
Ratings agency Fitch has confirmed that it will take no action on the ratings of Flagstone Re after it was purchased by Validus at the end of November.
AJ Gallagher energy specialist joins Miller
Miller has appointed Daniel Nicholls, pictured, as production and broking specialist.
Hundreds killed in strongest typhoon to hit Philippines since 1990
At least 270 people are confirmed dead after Typhoon Bopha brought 130mph winds and torrential rain to the Philippines on Tuesday evening.
Chancellor promises corporation tax cuts
The government has pledged to cut corporation tax to 21% by April 2014 in a bid to help struggling British companies.
HSBC agrees to sell Ping An stake to Thai conglomerate
HSBC is to sell its 15.57% stake in Ping An Insurance to the Charoen Pokphand Group, a Thai multi-national conglomerate with core businesses in agro-industry, food, retail and telecommunications.
Sart appoints chief casualty underwriter
Hong Kong-based Lloyd's coverholder Sart Underwriting has appointed Joseph Lo as chief casualty underwriter.
Industry must engage with debate on post-Leveson press regulation
Media law specialists have urged the insurance industry to add its voice to the debate surrounding the future of media regulation, following publication of the Leveson report.
More insurance jobs to be cut as major players wrestle with economic climate
Aviva and Direct Line Group will not be alone in making job cuts over the next 12 months as other insurers look to streamline their businesses, market observers have warned.
Crawford names new environmental adjusting boss
Crawford Global Technical Services has enhanced its capability in large claims with the appointment of David Waller, pictured, as head of environmental adjusting.
RTA portal expert warns extension could produce de facto 'no fault' scheme
Fixed fees at the level proposed by the Ministry of Justice to apply in the extended Road Traffic Accident Portal risk creating a de facto 'no fault' scheme, according to the academic commissioned by government to assess its initial effectiveness as…
Hiscox CEO: government spending on flood defences too little too late
The government's decision to suddenly free up £120m in funding for flood defences last week has been described as "a drop in the ocean".
Crawford and Cunningham assist flooded Somerset villagers
Crawford & Company and Cunningham Lindsey have banded together to visit the flooded properties of NFU Mutual policyholders in Somerset.
APC takes first step into mainland Europe
APC has taken its first step into continental Europe by launching two SME insurance products in the Dutch market through its new platform APC Holland.
Beazley launches Gulf of Guinea piracy cover
Beazley has launched a piracy policy specifically for ship owners with vessels operating in the Gulf of Guinea, in response to a growing number of incidents in the region.