News
Quinn could face jail time over contempt of court charges
Contempt of court proceedings have been started against Sean Quinn, former owner of Irish insurer Quinn.
Barrere leaves Swinton director role
Former MMA Holdings UK joint chief executive Bernard Barrere has seen his appointment as director at Swinton terminated, according to Companies House filings.
Trygg-Hansa and Codan appoint COO from Alka
Trygg-Hansa and Codan, RSA's Scandinavian businesses, have appointed Niels Mortensen as their chief operating officer.
Axa to increase underinsured SME BI cover for free
Axa Commercial Lines is offering its combined policy product customers a premium waiver to help underinsured small and medium enterprises get back on their feet.
Indian insurance industry to go electronic in 2013
India's insurance sector could move into a paperless system next year, as the Insurance Regulatory and Development Authority has confirmed it is currently choosing data repositories.
MMA boss Barrere departs double director role
Bernard Barrere's tenure as a director of two of MMA Holdings UK's insurance businesses has come to end, according to reports filed at Companies House.
FATCA a significant operational challenge for European insurers
The proposed US Foreign Account Tax Compliance Act, published on 8 February, still remains a significant operational challenge for insurers, according to Ernst & Young.
Lloyd's takes $2.2bn hit for Thai floods
Lloyd's of London estimates its net claims from the flooding in Thailand last year to be $2.2bn.
Willis Re promotes Melia to CEO Willis Re International
Willis Re has appointed Tony Melia as chief executive officer of Willis Re International.
RBSI confirms rebranding as Direct Line
RBS has confirmed it is rebranding its insurance division as Direct Line Group to make it more attractive for the forced sale required when it accepted a government bailout.
Lloyd's puts Thai flood losses at £1.4bn
Lloyd's has estimated its net claims from the flooding in Thailand last year to be $2.2bn (£1.4bn).
PM to promise action on insurance prices
The Prime Minister will meet with the insurance industry, consumer and business groups today to discuss rising premiums.
Ageas promises 'no impact' for Kwik Fit Insurance business after issuing High Court writ
Ageas has moved to clarify that the firm's Kwik Fit Insurance business will not be affected by a High Court writ against the repair company which relates to an accounting liability.
Allianz Legal Protection appoints Ruse as head of sales and distribution
Allianz Legal Protection has confirmed the in-house appointment of Phil Ruse to the newly-created position of head of sales and distribution.
CEA welcomes EU-US trade insurance working group
The CEA and the American Council of Life Insurers have welcomed the establishment by the Transatlantic Economic Council of a high level working group on jobs and growth.
BGL founder steps down as chairman
BGL Group has confirmed the departure of company founder Douw Steyn, who has stepped down from his role as non-executive chairman 20 years after setting up the UK business.
European insurers consider PE and hedge funds for Solvency II liabilities
Insurers may look to alternative asset classes, such as private equity and hedge funds, as Solvency II gets closer, according to a report.
Hamilton Fraser takes over Ceart policies
Medical liability insurer Hamilton Fraser Cosmetic has stepped in to take over the policies of Ceart Risk Service after it went into administration on 19 January.
Sterling targets northern presence with Manchester office opening
Sterling Insurance has today revealed that the new team that will run its northern office in Manchester will be led by former NIG and Travelers underwriting manager Martin Kerrison.
Bluefin boss takes over reins as CII broking faculty chair
Bluefin chief executive Stuart Reid has vowed to promote the "highest standards of competence" following his appointment as chair of the Chartered Insurance Institute's insurance broking faculty.
Law firms' ABS will lead to M&A activity
Alternative business structures that allow non-lawyers to control and own law firms will result in a frenzy of mergers and takeovers, according to the latest Insurance Market Update from Deloitte.
Arista boosts Manchester with new boss
Commercial lines underwriter Arista Insurance has appointed Jim Morrison, pictured, as regional manager for the north, and Steve Davidson as senior underwriter.
Skiers rescued from European slopes face £16,000 bill
Skiers hurt or lost on the slopes in Europe could find themselves being presented with an average bill for £16,000 (€19,000) if a search and rescue team is called out to help them, according to research by Complete Ski.
QBE launches cyber response policy to counter data breaches
QBE has underlined the importance of insurers offering products to protect companies against the threat of data breaches, following the launch of the firm's new cyber response policy.