News
Flood insurance uncertainty to hit homeowners within four months
The British Property Federation is calling for urgent action to create a new settlement between government and insurers amid fears that homeowners and businesses will face excessively expensive insurance premiums within just four months.
Iprism and Durell team up to offer back-office broker platform
Bosses at Iprism and Durell Software have joined forces to launch a combined electronic trading and back-office broker platform.
Holman's snaps up LMIB business in international push
Independent Lloyd's broker John Holman & Sons has acquired the non-marine business of London Market Insurance Brokers in a bid to boost its international book.
Meet & Tweet: Chris Sime, RSA - Today 1pm
Ever read a profile interview and wished you'd had the opportunity to put your own question to the person in the hot seat? Well, now's your chance – provided you can contain your query to 140 characters.
RMS launches specialist liability modeller
Modelling firm Risk Management Solutions has launched a liability modelling company in a joint venture with private investors.
Besso aims for wider share ownership as it buys 15% for key managers
Besso Insurance Group has exercised a share buy-back right giving the management team 70% of the Lloyd's broker.
Thai Re gets THB7bn capital injection
Thailand's largest domestic insurer, Thai Re, has successfully raised equity of THB7bn with the support of shareholders and a new strategic investor.
L&G invites Cunningham, GAB and LAS to join Merlin in adjusting pilot
GAB Robins, LAS, Cunningham Lindsey and incumbent Merlin are to take part in a claims handling pilot with Legal & General to help the insurer decide which "combination of partners" works best moving forward.
Zurich Middle East appoints new head of middle market
General insurer Zurich has appointed Hayden Seach as head of segment for Middle Market & Corporate, Middle East.
Groupama sale has had "a lot of interest"
Speaking following the publication of Groupama's results for the year end 2011, UK chief executive Francois-Xavier Boisseau admitted that the situation in commercial fleet is "beyond bearable".
Quindell to announce 'game-changing' outsourcing contracts with major insurers
Quindell Portfolio boss Rob Terry says the firm will announce "game-changing multi-disciplinary motor claims outsourcing contracts" with major insurers this year as well as three more company buys in claims services including rehab and legal.
JLT warns against buying cheap nuclear build insurance
Speaking at the European Nuclear Forum in Brussels today, JLT's Global Nuclear Practice Group warned consumers of the risk of buying nuclear new build insurance cheaply and ultimately paying for insurance twice.
FSA looks into mis-sold pet insurance complaints
The Financial Services Authority is to review the potential mis-selling of pet insurance following complaints from pet owners about Direct Line Group's insurer NIG, Lloyds and Halifax.
Ex-Kiln Bermuda CEO Haynes handed non-exec role at Tysers
Lloyd's broker Tysers has today announced the appointment of finance expert Peter Haynes as a non-executive director.
VRS Vericlaim shuffles directors
Loss adjuster VRS Vericlaim has appointed two new regional directors to free up Peter Chart, pictured, and Damian Glynn to focus on claims and service to clients.
Oxford and Collegiate agree two-year PI deal
Oxford Insurance Brokers has teamed up with Collegiate Underwriting to launch a two-year professional indemnity insurance deal.
Insurance Insight – top 10 stories
The 10 most read stories from www.insuranceinsight.eu over the past seven days.
Chinese trade group releases draft motor reforms
The Chinese Insurance Association has released a series of draft amendments to the country's motor market for public consultation.
UK General targets schemes growth following senior appointments
UK General has this morning revealed the double appointment of ex-Ecclesiastical schemes director Tony Bloomer and Simon Tate as chief operating officer in the non-commercial schemes and affinities unit.
Axa index records consumer concerns over cost of motor cover
Axa personal lines boss Nick Turner believes last month's motor claims summit hosted by the Prime Minister has sparked "public consciousness" regarding the cost of cover and the perceived compensation culture.
Hong Kong insurance premiums grow 9% to $225.8bn
Hong Kong's insurance industry grew 9% in 2011, with total gross premiums reaching $225.8bn, according to the region's Office of the Commissioner of Insurance.
Iranian oil: sovereign cover requested by Indian shipowners
One of India's largest shipping companies, SCI, has requested sovereign guarantee from the government to domestic shipliners for transport of crude oil from Iran.
Hong Kong GI business grows 10%
Hong Kong's Office of the Commissioner of Insurance has revealed that total gross premiums of the Hong Kong general insurance industry in 2011 grew 10.7% to $34.7bn with net premiums up 8.5% to $23.8bn compared with 2010.
Allianz names Mallaby for special claims
Allianz has appointed Sarah Mallaby, pictured, to its Claims division as casualty and motor manager.