News
Insurance Strategy 2012: Telematics is about the customer, not the insurer
Telematics needs to be about the customer rather than the insurer, according to Ian Hughes, Consumer Intelligence chief executive.
Stackhouse to buy commercial broker
Insurance broker Stackhouse Poland has reached an agreement to acquire the business of LFC Insurance Brokers.
Guy Carpenter opens Athens office
Guy Carpenter & Company has opened a reinsurance intermediary office in Athens, the broker said today.
Editor's comment: Synchronised squabbling
Anyone who thought the costs war was close to being exhausted after more than a decade of ferocious wrangling over the fine print might have been disappointed to witness Tuesday’s posturing in the Court of Appeal.
Groupama sale to Ageas unlikely to improve either group's rating prospects
The acquisition of Groupama Insurances by Ageas UK should "end uncertainty" among brokers over Groupama's financial strength and creditworthiness in the UK, but will have little impact on the 'negative' rating outlooks of either parent company, analysts…
Court of Appeal delays decision on key date for 10% damages uplift
The Association of British Insurers' hopes of ensuring that the forthcoming 10% rise in general damages is tightly synchronised with the withdrawal of the recoverability of success fees and after-the-event premiums hang in the balance.
Crawford sets up flood claims help centre
Crawford & Company has set up a help centre in Morpeth to assist homeowners with flood claims, as the residents battle storm damage for a second time in four years.
Lloyd's backs IPO access for small companies
Lloyd's of London has welcomed lower barriers to entry to the London Stock Exchange for small companies.
Insurance Strategy 2012: Importance of brand to grow as economy picks up
The power of branding has been highlighted as a crucial tool for insurers in the struggle to compete n a volatile marketplace.
Carole Nash and Lumley Jacobs extend partnership to Ireland
Carole Nash and Lumley Jacobs will launch forensic coding systems in Ireland this October.
CNA appoints claims head for UK and continental Europe
CNA Europe has named Monique Van Der Linden as head of claims and vice president for Europe.
Home insurers to incur £10m flood bill
Panmure Gordon analyst Barrie Cornes has told Post that Aviva and RSA could see insurance losses of £10m to £15m from the latest round of UK flooding.
Lloyd's returns to profit with 'strongest' half-year result in five years
Lloyd's of London is back in the black after posting a profit of £1.53bn during the first half of 2012 compared with a loss of £697m in the same period last year.
Guy Carpenter opens Greek office
Guy Carpenter & Company has opened a reinsurance intermediary office in Athens.
Motor insurance fraudster sentenced
A magistrate has sentenced a London man who pleaded guilty to insurance application fraud and sending "malicious communications" to an insurer.
CNA names vice president for Europe
CNA Insurance has appointed Monique van der Linden, pictured, as head of claims and vice president for Europe.
Top five Asian stories
The top five Asian stories from www.insuranceinsight.com over the past seven days.
Aviva sets bid deadline for Malaysian unit
British insurer Aviva and Malaysian bank CIMB Group Bhd have set a 29 October deadline for suitors to place binding bids to buy their Malaysian insurance joint venture, in a deal worth at least $500m, according to Reuters.
AIA appoints new non-executive director
AIA Group has appointed Barry Chun-Yuen Cheung as an independent non-executive director of the company.
Takaful's key markets diverging, says S&P
Takaful companies in south east Asia appear more healthy and sustainable than their counterparts in the Gulf, according to the latest report by Standard and Poor's.
Court of Appeal delays judgment on retrospective 10% uplift debate
The Court of Appeal has decided to delay judgment on an industry appeal against a decision to effectively bring forward a rise in damages by 10% from April next year.
Purple Partnership in tie up with LV
Independent broker network Purple Partnership has announced a deal with LV, which will now serve as a commercial key partner.
Telematics box tested in car rally
Cobra UK has released a white paper on the performance of its telematics box after testing it for three days at the Ulster Rally.
Tysers P&I report predicts market hardening
Rates for protection and indemnity cover could harden by 10% at the next renewal, according to the 2012 P&I Clubs report published by Lloyd's broker Tysers today.