News
Damages uplift is ‘moot’ point for Direct Line Group IPO
Accountancy firm BDO has claimed the Direct Line Group floatation is unlikely to be affected by the Court of Appeal’s decision to stop personal injury claimants, who have entered a conditional fee arrangement before 1 April 2013, qualifying for a 10%…
Top five Asian news stories
The top five stories from www.insuranceinsight.com over the past ten days.
Top five European stories
The top five stories from www.insuranceinsight.com over the past seven days.
Howden completes Windsor Partners integration
Hyperion subsidiary Howden Broking is to transfer all business and assets from Winsor Partners effective 1 October.
Exaggerated claim thrown out in entirety on grounds of "abuse of process"
A woman who exaggerated a personal injury claim has walked away with no compensation at all after a court declared her actions represented an abuse of process.
GlobalOptions and IFIC Forensics form partnership
International anti-fraud investigator GlobalOptions has formed a partnership with British firm International Fire and Investigations Consultants, which provides forensic investigations for insurers, loss adjusters and solicitors.
RSA victory prompts rival rethink on repair strategy
RSA has seen off one potential dispute relating to its controversial motor repair model after signing a bilateral agreement with Groupama Insurances, although it is unclear whether this will survive the completion of Ageas' acquisition of Groupama.
Gregory becomes latest high-profile addition to CFC board following MBO
Newly independent CFC Underwriting has bolstered its board with another industry heavyweight in the form of former HSBC Insurance Brokers chief executive Philip Gregory.
Editor's comment: Stars of the small screen
With the British public's general view of the industry leaning towards a default 'big bad insurer', any opportunity to tip the balance back a couple of notches should be jumped on for maximum effect.
Giles recruits ex-Towergate director to chair real estate division
Giles chief executive Brendan McManus has bolstered his expanding team with the appointment of former Towergate director Nick Crocker as chairman of the firm's new real estate division.
R K Harrison claims art dealers' PI first
R K Harrison Insurance Services, part of the employee-owned broker R K Harrison Group, has developed what it says is the first professional indemnity insurance policy for art market professionals.
Allianz casualty boss wants MoJ fixed fee clarification
Allianz has become one the first major insurers to comment on the Court of Appeal's decision to revise the judgment made following the Simmons v Castle case relating to a damages uplift.
Alarm and RSA 'welcome' CoA revised damages uplift judgment
Risk management body Alarm has welcomed the outcome of today's Court of Appeal decision to reverse the initial 10% damages uplift judgment for conditional fee arrangement funded claimants.
Interest rates threaten German insurers' financial strength
Low investment yields owing to persistent low interest rates are putting the financial strength of German insurers in jeopardy, Standard & Poor's said today.
Lancashire's head of marine goes to Argenta
Argenta Holdings subsidiary Argenta Syndicate Management has appointed Vincent Leonardi as marine underwriter at Argenta Syndicate 2121.
Claims 2012: ABI brands Riot Damages Act "inadequate"
Last year's riots in England demonstrated the need for radical reform of the Riot Damages Act, according to Aidan Kerr, head of property insurance at the Association of British Insurers.
Allianz appoints UK marine hull and liability head
Allianz Global Corporate & Specialty has appointed Chris Turberville as head of marine hull and liability UK.
AGCS names head of marine hull and liability
Allianz Global Corporate & Specialty has appointed Chris Turberville as head of marine hull and liability UK.
Revised uplift judgment sparks impassioned responses from ABI and APIL
The Court of Appeal decision to revise its initial judgment relating to a 10% uplift in general damages has drawn contrasting responses from two of the key stakeholders from the hearing.
Argenta recruits marine underwriter for Syndicate 2121
Argenta Syndicate, a subsidiary of Argenta Holdings, has appointed Vincent Leonardi to marine underwriter at Argenta Syndicate 2121.
AMG founder Mairs returns to insurance fold with Merlin quartet
The founder of the now defunct loss adjusting group Merlin is poised to return to the insurance market in the first quarter of 2013 as an investor in a new building repair network.
Simple economic capital models could avert financial crisis
The insurance industry needs more dynamic economic capital models if it is to avoid suffering some of the problems exposed during the financial crisis four years ago.
Sheilas' Wheels unveils gender-neutral pricing strategy
Female-focused car insurer Sheilas' Wheels has outlined its plans to implement the European Gender Directive, which comes into force on 21 December.
Lorega launches SME loss survival products
Lorega has launched two products allowing brokers to provide SMEs with fast access to loss adjusting expertise in the event of a potentially devastating loss.