News
Market moves: Busy week sees major hires at Travelers and Giles
In a busy week of recruitment for insurers and brokers, certain firms strengthened their reputations as companies with a real appetite for employment.
Fitzmaurice says Hastings will bed down initiatives before potential float
Incoming Hastings Insurance Group chief executive Gary Hoffman has said his experience leading financial services companies such as Barclaycard, Northern Rock and the start-up NBNK will bring a "broader perspective" to the intermediary business as the…
Claims Event: Ecclesiastical calls for metal theft action
Ecclesiastical's technical claims consultant has called for insurers and the Association of British Insurers, as well as clients and government, to step up their collective efforts in tackling metal theft.
Claims Event: ABI admits final riot claims may end up in court
The Association of British Insurers has confirmed that it is embroiled in meetings with police in a bid to conclude outstanding riot claims, and conceded that some cases may end up in court.
Claims Event: OFT director deems GTA an inadequate solution
The general terms of agreement between insurers and credit hire organisations "is not an adequate solution to the problem" of motor market "dysfunctionality", according to a director at the Office of Fair Trading.
DLG enlarges initial share offering
Direct Line Group parent Royal Bank of Scotland is to expand its initial public offering of ordinary shares.
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.
Top five Asian news stories
The top five Asian news stories from www.insuranceinsight.com over the past seven days.
JLT Re makes additions to CEE team
JLT Re has expanded its team serving Central and Eastern Europe with the addition of Sergey Grazhdankin and Edmond Wodehouse as partners.
Institutional investors testing the waters as Direct Line Group floats
Some institutional investors are taking a 'suck it and see' approach to the Direct Line Group float, assessing how issues facing the motor insurance sector affect the firm's share price before taking a slice for themselves, according to analysts.
Contractors resigned to losing payments following Merlin collapse
Contractors owed thousands of pounds by Merlin have approved voluntary liquidation of the loss adjuster, despite being pessimistic at the prospect of recovering payments.
Insurers welcome landmark victory in pursuit of contempt of court charges
Insurers are expected to pursue contempt of court charges with renewed enthusiasm in fraud cases after a judge's decision to strike out an entire third-party claim, declaring that a woman's exaggeration of her injuries represented an abuse of process.
Apil president slams last minute addition to ERR bill
Association of Personal Injury Lawyers president Karl Tonks has accused the government of playing "fast and loose" with people's safety, following an 11th hour addition to the Enterprise and Regulatory Reform Bill.
Lloyd's gains from best first half in five years
Lloyd's has recorded its best first-half results for five years, according to figures from Aon Benfield, reporting a pre-tax profit of £1.5bn for the first six months of 2012.
Aon to rival Marsh's Project Noah to fill SoP flood insurance gap
Aon Benfield has become the latest company to offer a potential solution to fill the flood insurance gap left by the expiration of the Statement of Principles in June 2013.
Aviva introduces two new products to e-trading platform
Aviva has added two commercial products to its expanding e-trading platform ‘Fast Trade’, in the form of minifleet and professional indemnity cover.
Bluefin builds Birmingham corporate team
Bluefin has named Aon's Adam Morris and Lisa Tollley as account directors in Birmingham with immediate effect.
Willis appoints Plumeri successor
Willis' board of directors has chosen Dominic Casserley, pictured, as the company's next chief executive.
APC brings in northern development boss
Commercial insurance underwriting agency APC has appointed former Singers Asset Finance development manager Neil Jenkinson to fulfil a similar role in the firm's northern operation.
Arc Legal to expand Northern Ireland family legal business
Arc Legal has inked a deal to supply Swinton's Open + Direct Northern Ireland clients with family legal protection products.
Keychoice launches Adding1 tie-up on excess protection
Broking community Keychoice has partnered with Adding1 to offer its members a range of excess protection policies for motor, home and lifestyle policyholders.
IMS Group enters Baronsmead partnership
Regulatory consultancy the IMS Group has announced a deal with Baronsmead Partners to collaborate on clients' risk management needs.
Willis announces CEO succession plans
Insurance broker Willis has announced that Dominic Casserley, pictured, is to succeed group CEO Joe Plumeri from 7 January with Steve Hearn as deputy CEO.
Zurich 'disappointed' with $550m adjustments to German GI
Zurich Insurance Group will strengthen its claims provisions, primarily in long-tail liability lines, and write-off a portion of its deferred acquisition costs, following a review of the firm’s German general insurance business, including a claims file…