News
3 December: Putting the boot in
On a day out in the countryside with his family, Mr Policyholder was delighted to come across a parking space in the notoriously busy car park of a local beauty spot.
Accident Exchange success as spot rate cases appeal granted
Accident Exchange is claiming success after claimants in four credit hire spot rates cases were granted permission to appeal.
Lloyd's insurers to see popstar Michael Jackson papers
Lloyd’s insurers for Michael Jackson’s ‘this is it’ London tour can study the popstar’s medical records.
OFT accepts insurer commitment to limit data exchange
The OFT has accepted formal commitments from six insurance companies and two IT software and service providers to limit the data they exchange between them.
'We provided good evidence,' says IFB on BCR fraud case
The Insurance Fraud Bureau is standing by its decision to provide information on the investigation into BCR Legal but City of London Police is “disappointed” the case fell through.
An audience with: Julian James, CII president
Next year sees the Chartered Insurance Institute celebrate the centenary of its being granted a Royal Charter. But far from sitting back and reflecting on past glories, the CII is determined to use its anniversary year to tackle the big issues set to…
Allianz targets profit with overhaul of property business
Allianz Deutschland AG is restructuring its German property insurance segment, with the aim of returning the business to growth and profit long term.
Bluefin's network appoints Ageas to home panel
Bluefin Broker Partnership Services (BBPS) has appointed Ageas to its panel of preferred home insurance providers.
Hurricane season to cost $5bn
It is estimated that the 2011 Atlantic hurricane season will cost in the region of U$5bn, according to Risk Management Solutions.
Ropner makes new hire
Ropner Insurance Services has appointed Katrina Ives to further develop its wholesale business in the UK.
QBE MD resigns following restructure plans
QBE’s managing director of distribution Terry Whittaker has resigned after a year in the role.
China poll result
Will China be the next supply chain disaster?
BCR claims win in IFB fraud investigation
Insurance intermediary BCR Legal has claimed victory after a fraud trial against 14 defendants, including doctors and solicitors, collapsed in disarray.
Cayman insurance law regulation changes almost complete
Enhanced regulations are being finalised relating to the Cayman Islands Insurance Law 2010, which was passed early last year.
Hyperion promotes APAC head to CEO of Dual International
International reinsurer Hyperion has promoted its head of Asia Pacific, Damien Coates, to chief executive officer of Dual International.
Towers Watson increases Fifth Quadrant shareholding to 51%
Professional services company, Towers Watson, has increased its shareholding in Fifth Quadrant, the independent South African actuarial consultancy, to 51%.
FSA appoints non-exec director for FSCS
The Financial Services Authority has appointed Paul Stockton as non-executive director to the Board of the Financial Services Compensation Scheme with effect from 1 December 2011.
Nationale Suisse rated at 'A-'
Schweizerische National-Versicherungs-Gesellschaft AG has achieved a financial strength rating of A- (Excellent) and issuer credit rating of "a-".
GAB Robins strengthens counter fraud team
GAB Robins has added to its counter fraud and investigation service with the appointment of Peter Graham.
Stackhouse Poland acquires Sutton Meears
Stackhouse Poland has celebrated the tenth anniversary of its management buy-in with the acquisition of Croydon-based broker Sutton Meears.
2 December: Cut and shut
Dealing with stolen motor vehicles is nothing new for insurers, so when Mr Policyholder phoned to report the theft of his classic motor vehicle, his insurer began the usual process.
LV launches new travel insurance product
LV has created a new premium travel insurance policy designed for the modern holidaymaker and covering travellers for a range of scenarios that are excluded from many travel insurance policies on the market.
Emerging markets look set to grow in 2012
Despite growth slowing in 2011 emerging markets will remain “reliable growth engines” in the global insurance markets in 2012, according to reinsurer Swiss Re.
Haircut on bonds could be absorbed by European insurers
A 50% haircut on Greek, Irish and Portuguese sovereign bonds could be absorbed into European insurers’ existing capital resources, according to Swiss Re’s senior economist.