News
Merged trade bodies to fight for
A campaign to secure a more cost-effective regulatory environment for thousands of brokers will form the basis of the “historic” merger between the British Insurance Brokers’ Association and the Institute of Insurance Brokers.
Market moves: Insurers move for senior staff
For the second week running insurers were the major movers and shakers, with Ecclesiastical recruiting a managing director for Ireland, Aviva adding to its executive team, and NIG expanding its presence in London. In broking, Willis continued to make…
Law report: Solicitor’s failure to follow client instructions lands it with wasted costs charge
This law report has been controbuted by national law firm Berryman's Lace Mawer.
Law report: Security guard claim dismissal good news for employers
This law report has been contributed by national law firm Berrymans Lace Mawer.
"Leaner and meaner" Oval to focus on wiping debt
Oval is aiming to wipe its net debt by 2014 but it is not ruling out making new hires and “selective acquisitions” in the meantime.
PI to be compulsory for professional body members in Italy
Professional indemnity insurance is to be made compulsory for all members of recognised professional bodies in Italy following new legislation.
Geneva Association petitions G20 on systemic risk designation
Insurance think tank, The Geneva Association, today issued an open letter to the members of the G20, asking them to take into account the specificities of the insurance industry when devising policies on systemic risk.
XL’s operating net income drops to $169m
XL group has announced its third quarter 2011 results which show an operating net income drop to $169m from $567m in 2010.
Marsh insurance unit increases profit by 24%
Marsh & McLennan Companies’ today announced its risk and insurance services unit made an operating profit of $925m for the first nine months of 2010 – an increase of 24% on the previous year.
Building referral fee costs hit industry for ‘tens of millions of pounds’ – Insurance News Now
Post senior reporter Amy Ellis outlines this week's major general insurance stories including claims that referral fee costs that have escalated over the last two years to the point where they are now costing the industry tens of millions of pounds a…
Geneva Association sends open letter to G-20 leaders
Leading international insurance think tank, The Geneva Association, has today issued an open letter to the Finance Ministers and Central Bank Governors of the G-20.
BCI survey unearths 'deep-rooted' supply chain failure
Deep-rooted sources of supply chain failure in 62 countries across the globe have been identified following a recent survey carried out by the Business Continuity Institute.
Chubb appoints UK & Ireland accident & health manager
Chubb Insurance has appointed Steve Ranzetta, currently Chubb London accident & health manager, to the role of Chubb UK & Ireland accident & health manager, effective immediately.
Island targets top spot as captive insurance domicile
Efforts to promote the Isle of Man as the captive insurance domicile of choice have been stepped up a notch following the island’s captive association attendance at the FERMA Conference.
Island targets top spot as captive insurance domicile
Efforts to promote the Isle of Man as the captive insurance domicile of choice have been stepped up a notch following the island’s captive association attendance at the FERMA Conference.
Allianz celebrates legal partnership
Allianz Legal Protection has celebrated its 25th anniversary and has placed more than £1m business with specialist solicitors Roberts Jackson through the first year of partnership.
Towergate buys Caravanquoter
Towergate Insurance had acquired caravan and motorhome insurance comparison site Caravanquoter.
Nexus forms new regional financial lines MGA
Nexus Underwriting Management has today announced the acquisition of the Novae Syndicates regional financial lines portfolio after pledging to establish a new managing general agency in the new year to underwrite the account.
Post Blog: Brit and Windsor join RBSI in PE rumour mill
Private equity interest in the UK insurance sector has prompted a week of wild speculation, including an alleged £4bn bid for the insurance operation of part-nationalised bank RBS from PE house CVC.
AIG reveals $972m payment to US Treasury after MetLife deal
AIG has announced that it had paid the United States Department of the Treasury $972m to reduce the liquidation preference on one of the special purpose vehicles created as part of the government's assistance to AIG.
GPs call on government to implement new guidelines on tackling whiplash culture
A group of GPs and insurers have called on the government to implement new guidelines on diagnosing whiplash associated disorder in an attempt to tackle what has become a whiplash culture in the UK.
Howden Broking launches energy division
Howden Broking today unveiled the launch of its energy division with the news that sector specialist Alan Brooks will be heading up the new department.
Open GI becomes payment service provider in ROI
Open GI has become a payment service provider in the Republic of Ireland with its new service, Credit Line Plus.
Cost Advocates warns against MoJ fixed costs proposals
Costs law company Cost Advocates is advising caution on the Ministry of Justice’s proposal to set fixed costs limits on disputes in County Courts.