News
Axa and Accident Exchange head to court over Autofocus evidence
Three Autofocus test cases involving Axa are to be heard in the Court of Appeal in a three-day hearing in October.
FSCS funding model consultation paper draws early concerns
The Financial Services Authority's proposed changes to the funding of the Financial Services Compensation Scheme have come under fire from the British Insurance Brokers' Association, amid concerns that the creation of a 'retail pool' will affect members.
Insurance CEOs see Asia as most important for growth
Insurance chief executives see Asia as the most important growth region over the next 12-24 months, according to a survey by the Geneva Association.
DWP launches insurer-funded support scheme for mesothelioma victims
Newly diagnosed victims of mesothelioma who are unable to claim compensation because they cannot trace a liable employer or employers’ liability insurer will receive help from today through an insurer-funded support scheme.
Insurance Fraud Awards 2012 shortlist announced
Post can today reveal the shortlist for the 2012 Insurance Fraud Awards.
Hiscox combines media, entertainment and events operations
Specialist insurer Hiscox has merged its global media, entertainment and events operations in response to the changing nature of the sector.
Lancashire reports hike in profit to $102.6m
Lancashire has reported a 35.5% increase in gross written premium to $514.8m in the first half of the year, compared with $379.8m in the same period in 2011, reporting growth across three of its four main classes of business.
Macmillan Sheikh unveils unoccupied properties scheme
Specialist broker and underwriting agent Macmillan Sheikh has launched a scheme for unoccupied commercial and residential properties.
Insured losses from Vicente estimated to be $100m to $300m
Economic losses from typhoon Vicente, which struck Hong Kong on 23 July, are expected to be $600m to $1.5bn, catastrophe modelling firm Eqecat said.
Former Clyde partner launches new law firm
David Coupe, a former partner at Clyde & Co and Ince & Co, has launched EC3 Legal, a new City law firm focused on representing the intermediated insurance market.
Cobra shareholders accept Alto offer
Alto Intermediary's recommended cash offer to acquire Cobra has received more than 98% acceptance from the broker's shareholders.
Home insurance premiums set to rise
Property insurers must ensure they have adequate reserves to cover future claims arising from volatile weather patterns, AA Insurance has warned.
Clyde & Co partner goes live with new City law firm
David Coupe, pictured, former partner at Clyde & Co and Ince & Co, has launched a new City law firm focused on representing the intermediated insurance market.
Insured losses 'low' as Typhoon Vincente sweeps through China
Up to 37 people are dead and 700 homes were flooded after Beijing was devastated by the heaviest rainfall to hit the city since 1951.
Motor premiums rise and fall as competition hots up
Average car insurance premiums for directly sold policies have risen by 8.5% over the past 12 months, while the average premium on policies sold on aggregators has fallen by 3.3% in the same period.
Teeside broker Henderson completes Arlington acquisition
Henderson Insurance Brokers Teeside has acquired north east firm Arlington, an independent financial advisors with a portfolio in excess of £100m.
Half of CEOs responsible for risk management as terrorism tops concerns
The chief executive or chief operating officer has formal responsibility for risk management at 50% of European companies, according to a new survey which found that companies feel underprepared for terrorism and political violence risks.
Solicitors targeted following Prime Professions product launch
Prime Professions has teamed up with Axis Specialty to launch a new insurance product for solicitors.
EC approves acquisition of Groupama's Gan by Allianz France
The European Commission has cleared under the EU Merger Regulation Allianz's proposed acquisition of a non-life insurance portfolio of Groupama-owned Gan Eurocourtage.
Former broker fined £471 846 for misappropriating premiums
The Financial Services Authority has banned and fined a former commercial insurance broker who used clients' insurance premiums to fund his business.
Top five Asian news stories
The top five Asian stories from www.insuranceinsight.com over the past seven days.
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.
European companies underprepared for emerging risk
The majority of European companies feel underprepared for emerging risks including terrorism and political violence.
Draft rules offer China's insurers more investment scope
Chinese insurers will be able to double their investments in private equity along with trading financial derivatives at home and abroad, according to Reuters.