News
Gender ruling poses both 'opportunity and threat'
Deloitte has warned industry leaders that the introduction of rules banning the use of gender as a pricing factor could have a “huge effect” on premiums for a wide range of policies.
9 December: Tourist attractions
The architecture isn’t the only thing that attracts visitors to Amsterdam.
OFT refers private healthcare market to Competition Commission
The Office of Fair Trading has decided to refer the market for privately funded healthcare services in the UK for further investigation by the Competition Commission.
NI to bring pleural plaques legislation
New legislation is to be introduced in Northern Ireland next week allowing pleural plaques sufferers to claim compensation.
FUW signs up to Broker Network
Bosses at the Farmers Union of Wales Insurance Services have today revealed the group has signed up to become a member of Broker Network.
ABI wants Solvency II to aid investment
The ABI has warned that the Eurozone crisis would not hold up Solvency II, but the new rules for how insurers hold capital should recognise the need for investment in long term projects needed for economic growth.
Payment protection insurance thrives in Europe
Payment protection insurance is an expanding market in much of Europe, despite issues in the UK market, according to a report.
GAB Robins ready for Bawbag damage
George Bentley, client services director of loss adjuster GAB Robins, has doubled the number of adjusters available on call to handle severe weather this week and is proposing to open its offices for longer hours, if needed.
Global reinsurance capital declined by 4% in the first nine months
Global reinsurer capital declined 4% from $470bn at 31 December 2010, to $450bn at 30 September 2011, according to an Aon Benfield report.
Test Achats prompts gender consultation
The government has issued a consultation document on how insurers can use gender as a risk factor in the light of the European Court of Justice Test Achats ruling in March.
Skuld sees 13% premium growth at Q3
Norwegian maritime insurer Skuld continued to grow in the third quarter, with a 13% increase in premium income year on year.
European financial services M&A activity down by 25%
There has been a significant slowdown in European financial services M&A activity during the Q3 of 2011.
CCV names new boss for Moscrops
CCV-owned Lancashire based broker Moscrops has appointed Andrew Champion to take over as managing director following the retirement of Tim Chadwick.
Young women could see 11% rise in car premiums due to gender ruling
A study quantifying the economic impact on European consumers of the EU's gender ruling will hit young women hardest, with an 11% rise in car insurance premiums.
Ai Claims hires COO from Homeserve
Blackpool-based accident management business Ai Claims Solutions has hired Simon Pook as the company’s first ever chief operating officer.
Motor reform threatens Chinese non-life market
Commercial motor pricing reform and a worsening underwriting deficit of compulsory third liability are threats to the stable outlook of the Chinese non-life market, according to a recent report.
Talanx licenses Towers Watson software for global risk management
Talanx has purchased Towers Watson's financial modelling and reserving software to harmonise its regulatory capital reporting.
Optimas sells Premium Choice
Mark Woods and Richard Dornan, pictured, co-founders of Birmingham niche broker Premium Choice, have bought back the company they sold four years ago to venture capitalist Optimas.
Car thieves target defrosting vehicles, ABI warns
Motorists leaving their cars to defrost and warm up this winter risk being left out in the cold as thieves target vehicles left unattended, the Association of British Insurers has warned.
Loss adjusters ready for Scotland storms
Loss adjuster Cunningham Lindsey is on standby to deal with the storms forecast to hit Northern England this afternoon.
Regulation still thwarts China expansion
Property and casualty insurers still consider China’s tight regulatory environment as the top concern, a report from PWC has found.
Calls for stricter ID checks to clamp down on plant theft
The Metropolitan Police has issued a plea to the insurance industry to introduce harsher ID checks before issuing policy cover in a bid to prevent finance and hire vehicle fraud.
Lloyd’s underwriters “looking at Conrad Murray conviction"
Lloyd’s underwriters are examining the impact Dr Conrad Murray’s manslaughter conviction for Michael Jackson’s death will have on their legal battle with AEG Live.
QBE appoints property underwriter for Dubai
QBE has appointed Vladan Radakovic as a property underwriter in QBE’s Dubai office.