News
Jelf kicks off London recruitment drive as leisure unit eyes £1m turnover
Jelf Insurance Brokers’ newly appointed business development director has been charged with building up the company’s London presence after it opened its first ever office in the capital last month.
News analysis: Escalating loss estimates in Thailand begin to trigger market fallout
It was the worst flooding Thailand had seen for 50 years and, during its four-month spell, more than 600 people died and 77 provinces were submerged in water.
Review of the year - Lloyd's & London Market: The costliest year ever?
The first half of 2011 saw an unprecedented number of catastrophic events, so how has Lloyd’s and the London market coped?
Market moves: ‘Tis the season for recruiting
As Christmas draws closer, the insurance industry has prepared for the New Year with a raft of appointments. In the broking market, there were moves for Aon and Willis, while Howden added three new faces to its team.
Claims club: Claims teams must gear up to provide Solvency II documentation and evidence
Claims handlers are not exempt from the Solvency II requirements, according to Lloyd’s boss Luke Savage. The finance, risk management and operations director warned attendees that claims teams would have to ensure their documentation, technical provision…
Claims club: Dominant directors to blame for low risk awareness
A corporate “glass ceiling” is preventing businesses from responding adequately to crises, due to the dominance and unwillingness of directors to listen to concerns on risk management.
Claims club: Industry warned over 'slow and amateurish' police riot response
The insurance industry has been told to brace itself for “slow and amateurish” responses from police authorities to riot-related claim submissions.
Law report: Education authority not vicariously liable for independent contractor
This law report has been contributed by national law firm berrymans Lace Mawer.
8 December: Long lingering goodbyes
A tenancy agreement between the landlord of a Spanish villa and his lessees turned sour following a falling out between the parties.
Investing in people will create value for insurers, says Marsh
Insurers can create value for their firm in the economic downturn by investing in talented personnel, according to Marsh UK’s CEO Martin South.
Mitsui stops funding police plant theft unit
Mitsui Sumitomo is said to have stopped funding the Plant Theft & Agricultural National Intelligent Unit.
Stolen Vehicle Unit to remain open
The Stolen Vehicle Unit has been granted a reprieve, and will remain open, a Metropolitan Police boss has confirmed.
Anderson named IRM chairman
Richard Anderson has been elected chairman of the Institute of Risk Management.
Crash fraudster jailed after being filmed 'working out'
A devious fraudster who attempted to claim £2.3m from the Motor Insurers’ Bureau after misleading medical professionals following a crash that claimed two lives has been jailed.
Willis Re report shows rise in motor premuims and fall in claims
UK motor insurance premiums have continued to rise in 2011, with some drivers facing price increases of up to 50 percent, according to an annual review conducted by Willis Re.
Ace predicts a ‘challenging’ 2012
2012 will be one of the most challenging years the insurance industry has faced, according to Ace president Richard Pryce.
Eiopa president calls for 'paradigm shift' in consumer protection
Eiopa president Gabriel Bernardino called for a “paradigm shift” to restore confidence in Europe’s financial services sector at the regulator’s first consumer strategy day.
Galbraith brands financial crisis terminology a "challenge" to the sector
British Insurance Brokers’ Association chief executive Eric Galbraith has today told parliament that the language used by the government and regulator about the financial crisis is a challenge facing the sector.
Motor insurers set to share application data in suspected frauds – Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories including how motor insurers plan to share suspected application fraud data as criminals try multiple applications to get cars on the Motor Insurance Database as cheaply as…
Castleacre launches high net worth index
Castleacre has produced an average price index of household insurance for High Net Worth individuals to help clients identify whether their own insurance premiums are in-line with current market trends.
PwC research points to dip in M&A activity
Financial services M&A activity underwent a “significant slowdown” in the third quarter of the year but is expected to pick up in the early part of 2012, according to research carried out by PwC.
Mitsui Sumitomo expands Dublin office with new hires
Mitsui Sumitomo at Lloyd’s has continued the expansion of its recently launched Dublin office with the appointments of Brian Moran and Gavin Mullen as senior underwriters.
Hungarian watchdog confirms a 2.7% fall in GWP in 3Q2011
The Hungarian Financial Supervision Authority has confirmed a 2.7% fall in gross written premiums for the Hungarian market in the third quarter.
Besso appoints Greene as NED
Lloyd’s broker Besso Insurance Group has named Stephen Greene as a non-executive director.