News
Coverbox data to convince insurers to change underwriting of motor risks
Telematics insurer Coverbox is to send selected insurers a report analysing 250 million miles of vehicle journeys that it claims will change the way car insurance premiums are set.
Cobra Network adds seven new members
The Cobra Network has claimed a record start to 2012 with seven new commercial insurance brokers as members.
CEA rebrands as Insurance Europe
The CEA, the European insurance and reinsurance federation, has changed its name to Insurance Europe.
PPOs up motor excess of loss reinsurance
Fear that periodical payment orders for accident victims create uncertain liabilities has led to reinsurers refusing to offer excess of loss cover to motor insurers, the FT reports.
R&Q takes Syndicate 1208 from Equity
Randall and Quilter has reinsured-to-close the former 2007 year of account of Syndicate 1208 into the 2012 year of account of Syndicate 3330.
We need Solvency II now, demands Eiopa director
Policymakers should not let politics impede the implementation of Solvency II regulations, the head of Eiopa has urged.
JLT to reveal international underwriting ‘success’ in 2013
Footman James CEO will join Thistle in July to spearhead global roll-out of application.
Cuna teams up with Golden Charter on funeral protection
Mutual sector insurance provider Cuna Mutual has partnered up with a non-for-profit to provide affordable funeral protection.
Groupama targets application fraud with data screening process
Groupama is rolling out a new fraud detection system for brokers that targets fraudulent activity at the point of quote.
Simply Health launches cash plan module
Healthcare specialist Simply Health has introduced a new private medical insurance excess module to its corporate cash plan.
Asian results help JLT offset difficult European trading period in 2011
Strong retail revenue growth and margins in Asia helped Jardine Lloyd Thompson offset difficult trading environments in Europe and deliver profit before tax of £147.6m for the full-year ending 31 December 2011.
European risk board urged to investigate environmental investment
In an open letter to Mario Draghi, president of the European Central Bank and chair of the European Systemic Risk Board, a coalition of experts, investors, NGOs and universities have urged the ESRB to investigate how the European Union's exposure to…
Dexia Bank Belgium rebrands as Belfius Bank & Insurance as it reveals 2011 losses
After reporting a net loss of €1,367m after tax for 2011, Dexia Bank Belgium has rebranded as Belfius Bank & Insurance.
RSA appoints Evans as group HR director
RSA has appointed Vanessa Evans as group HR director, responsible for HR strategy and teams worldwide.
PZU targets 5bn PLN in five years from health insurance
Polish insurer PZU is hoping that legislative reform will allow it to expand its Polish healthcare portfolio.
Narec joins with Spanish Idermar on offshore energy project
UK renewable energy finance and insurance company Narec Capital has been appointed by Idermar, developer of Europe's leading offshore wind meteorology platform technology, to advise on finance, insurance and UK market entry.
Axa to make £1.2bn revenue in new distribution strategy
Axa Commercial Lines has launched six new products in the first wave delivery of its multi-channel distribution strategy to help brokers compete and grow.
Marsh appoints Lay business development leader international
Broker Marsh has appointed Chris Lay to the newly created position of business development leader for its International division, which comprises all Marsh's operations outside North America.
RSA appoints replacement HR director Vanessa Evans
RSA bosses hope to have found the perfect fit in the appointment of former Lego global retail HR director Vanessa Evans as Orlagh Hunt's replacement in the role of group HR director at the insurer.
CEA rebrands as Insurance Europe
The CEA, the European insurance and reinsurance federation, is rebranding to become Insurance Europe.
Novae suffers £6m loss before tax in "torrid year" for general insurance
Specialist insurer Novae has reported an underlying loss before tax of £6m for the year to 31 December 2011 in a "torrid year for the non-life insurance industry" compared to £36.2m profit in 2010.
NEDs left in the dark about underwriting risks, claims Mazars study
Non-executive directors at some of the UK's biggest insurance firms are being left in the dark about underwriting risks associated with coverholder audit results.
Hardy chairman blames 'challenging years' for £50m losses
Hardy Underwriting Bermuda chairman David Mann has bemoaned the past two "challenging years" for a loss before tax of £42.1m against the previous year's £10m profit.
Ai Claims revenue hit by warmer winter weather
Ai Claims has posted a 21% drop in revenue to £47.5m (from £60.1m in December 2010) for the six months to 31 December 2011, citing warmer winter weather and shorter repair times.