News
Willis opens super-yacht office in Barcelona
Willis Group Holdings is opening a new super-yacht insurance broking office at the prestigious MB92 shipyard in Barcelona.
Markel appoints PI underwriter from Brit
Markel International has appointed Les Telford as a senior underwriter for UK and international professional indemnity in the firm's professional liability division.
Willis opens Spanish super-yacht broker
Willis Group Holdings has outlined plans to open a super-yacht insurance broking office in Barcelona.
CILA and Bournemouth University launch loss adjusting qualification
The Chartered Institute of Loss Adjusters and Bournemouth University have teamed up to launch a Master's loss adjusting degree in professional development.
Liberty Mutual launches risk management tool for policyholders
Liberty Mutual Insurance has launched a risk management website to provide best practice risk engineering guidance to commercial policyholders.
Court of Appeal general damages clarification fails to appease Apil
The Court of Appeal has handed down a judgment confirming a 10% increase in general damages in most civil cases where judgment is given after 1 April 2013.
RAC to carry out risk management programme for NAAFI fleet
UK armed forces retail, catering and leisure services provider NAAFI has appointed RAC Risk Management to carry out a complete fleet risk management programme.
Biba turnover jumps to £3.2m in 2011
The British Insurance Brokers' Association posted turnover of £3.2m for 2011, an increase of 14% on 2010.
Mapfre Assistance signs deal for Italian rental firm's fleet
Mapfre Assistance has signed a deal to manage the fleet of Italian car hire firm Car Server.
Chinese insurers to benefit from broader investment scope
The relaxation of investment rules for Chinese insurers should allow them to match the duration of their assets and liabilities more accurately and benefit from improved earnings stability, Fitch believes.
FSA clampdown on packaged deals gains support from industry player
Lifestyle Services Group director Andy Morris has hailed the Financial Services Authority's crackdown on packaged bank accounts as "a positive step for the insurance industry".
Guernsey may foot the bill for £2.6m payment scam
Guernsey's government may be unable to recover £2.6m after falling victim to a payment fraud, according to the island's deputy chief minister.
LV profit stable while GWP rises 6%
LV's general insurance business has reported 6% growth in gross written premium income to £747m (H1 2011: £704m) in the first half of the year.
Motor claims solutions provider signs technology deal with Groupama
Audatex UK has agreed to work in partnership with Groupama Insurances to implement a web-based technology platform designed to improve the company's motor claims processes.
French court ruling could expose insurers to €16bn claims
French insurers and banks that own large insurance subsidiaries could be exposed to claims of up to €16bn from policyholders following a decision by the French Council of State.
Hiscox UK falters while group profit soars
Hiscox returned an interim pre-tax profit of £125.8m (H1 2011: loss £85.6m), following a more benign catastrophe season compared with the previous 12 months.
Iran expands tanker insurance in face of sanctions
Iran has promised to insure shipments of its oil to include Iranian and foreign tankers in the latest bid to circumvent insurance sanctions, AFP reported on Saturday.
Markel promotes House in speciality division
Markel International has promoted Guy House to underwriter, covering property and open market in the firm's speciality division.
Indian government considers insurance reform
The Indian government is looking at financial reforms that will change the face of the insurance industry.
Pakistan takaful industry opens to general insurers
The Securities and Exchange Commission of Pakistan has issued revised takaful rules for 2012 allowing conventional insurance companies to open takaful window operations.
Childs to succeed Hiscox as chairman
Hiscox chief underwriting officer Robert Childs is to succeed Robert Hiscox as chairman of the Bermuda-headquartered insurer.
1350 jobs at risk as ERGO 'streamlines' sales
Munich Re-owned primary insurer ERGO said today it plans to cut up to 700 salaried sales posts as part of a "quality and efficiency plan" intended to streamline sales.
Trio jailed after attempting to defraud Havering Council
Three fraudsters who attempted to con Havering Council out of an estimated £100 000 have received combined custodial sentences totalling seven months.
FSA tightens grip on package deals offered by banks
The Financial Services Authority has published new rules today requiring banks and building societies to check whether customers are eligible to claim on insurance cover before selling them a packaged bank account.