News
Financial loss 'poorly understood', warns IUA
Insurers currently offering financial loss coverage as an extension to traditional liability policies are not aware that the term 'financial loss' is void of technical legal meaning, a report has found.
Ace poaches Zurich's surety head
Ace has recruited Zurich head of credit and surety Luc Reuter to drive the expansion of its surety division into continental Europe.
KPMG demands clarity on Solvency II start date
KPMG's insurance director has called for a definitive statement on the Solvency II implementation date following the European Parliament's decision to defer the vote on the proposed Omnibus II amendments.
Quindell to support substantial growth with further outsourcing deals
Quindell chief executive Rob Terry is targeting bottom line growth of up to 25% over each of the next five years, after his firm increased revenue from £1.8m last year to £45.6m in the first half of 2012.
SS&C launches customisable Solvency tool
SS&C Technologies has launched CAMRA I-Risk, a tool for insurers to address emerging Solvency standards by combining financial reporting capabilities with a position-based stochastic simulation model.
PICC could delay Shanghai listing
People's Insurance Company (Group) of China may seek as much as $3bn in an initial public offering in Hong Kong in October or November while postponing a Shanghai listing, Bloomberg news has reported.
Talanx primed for autumn IPO if market remains stable
German insurance group Talanx is planning an initial public offering this autumn after putting its long-held ambitions on the back burner earlier this year.
Webinar - 6 September, 3:00pm: Analysing emerging fraud trends
As legislation and industry initiatives make conventional types of fraudulent claims more detectable, insurance fraud is constantly taking new forms.
Kiln bolsters European operation with Frankfurt hire
Specialist insurance and reinsurance underwriting group Kiln has appointed a new property underwriter in Frankfurt.
New regulator to outlaw commission sales
Commission-based sales of financial products will be outlawed by the Financial Conduct Authority when it comes into force next spring.
Kiln brings in property underwriter to support Europe focus
Kiln has recruited a new property underwriter in Frankfurt to write a range of property and facultative risks across Europe.
Autonet joins The Insurers' car insurance panel
Autonet Insurance has joined the car insurance panel with UK comparison site The Insurers, adding to its existing presence on the van and bike panel with the aggregator.
Miller non-exec joins Direct Line Group board
Clare Thompson, a non-executive director on Miller's partnership board, is to join Direct Line Group's board in a similar role.
Bourgeois appointed Coface MD for UK and Ireland
Frédéric Bourgeois has been appointed managing director of Coface in the UK and Ireland as Xavier Denecker retires.
Groupama names bike underwriter
The French insurer has expanded its development team with the appointment of a new specialist motorcycle underwriter.
Russian insurers agree to follow Acord standards
A number of Russian insurers have agreed to work together to implement the standards of global non-profit research operation, the Association for Cooperative Operations Research and Development.
Dual to rebrand Americas business
HSU and VKU are to come under the Dual brand from 1 October to better reflect the size of its international operations.
XL's environmental programme goes global
XL Group's insurance arm is launching global environmental cover for the first time.
Giles Insurance boosts Falkirk branch with new hires
Ian Smith has joined the broker as branch director, while two development executives have also been recruited.
VRS and Woodgate & Clark lead the way in Loss Adjusting Awards 2012 shortlist
The shortlist for the 2012 Loss Adjusting Awards is now live.
Lloyd's names Vandendael as international markets director
Zurich's Vincent Vandendael appointed to the role, sitting in London.
UK P&I Club restructures ahead of Solvency II
The UK P&I Club has reorganised its structure to establish UK Europe as the sole provider of direct insurance business to UK Club Members.
Ten Insurance completes Aylesbury relocation
The broker network has expanded its headquarters by relocating from Princes Risborough to a new Buckinghamshire base.
Allianz poised for sub-Saharan growth with new CEO appointment
Allianz Global Corporate & Specialty is to establish a significant local presence in sub-Saharan Africa with the appointment of Delphine Maidou as chief executive of its regional subsidiary.