News
ABI director hits out at pleural plaques ruling
The ABI director of general insurance and health has been quick to register his disappointment following today’s Supreme Court ruling that the Scottish Parliament acted within its powers in making pleural plaques compensatable.
Hardy sets December 2010 start date for Singapore operation
Hardy Underwriting Bermuda has announced the opening of its new Singapore office.
RBSI bolsters its claims counter fraud operation
Bob Spencer has joined the claims team at RBS Insurance as head of counter fraud and Michael Brown as head of the counter fraud intelligence function.
France and Germany lagging behind on Solvency II
French and German insurers are behind UK counterparts when it comes to Solvency II, according to Fitch.
CMCs verging on “criminal”
Giving evidence to the Transport committee in its probe into the cost of motor insurance, Jack Straw, former home secretary and justice secretary, said that claims management firms and credit hire companies are “parasites in the system”.
Referral fee ban will not go beyond PI
Jonathan Djanogly MP, parliamentary under-secretary of state for justice, confirmed that the legislation for the banning of referral fees will be confined to personal injury.
Telematics reports driving every second
Insurance telematics firm MyDrive Solutions has launched its first product to market called Dynamic to enable car insurers to use driving behavioural data to assess the risk presented by individual drivers.
Nine arrested in Yorkshire following alleged crash for cash scam
Insurance Fraud Bureau investigations into crash for cash scams continue to gather momentum following the arrest of nine suspected fraudsters in West Yorkshire yesterday.
Law Society claims consumers are unlikely to benefit from reform
Consumers are unlikely to witness a reduction in their premiums despite reforms on no-win, no-fee arrangements, according to the Law Society.
Topham lands Quote Me Happy role
Former Green Flag director Henry Topham has been named as retail and trading director of Aviva’s recently launched Quote Me Happy brand.
Brit Insurance being monitored after Douetil quits
Following the announcement chief executive Dane Douetil is stepping down from Brit Insurance Holdings, with effect from 27 October, Fitch Ratings has confirmed it will be monitoring the situation closely.
TSC risks missing the point about motor insurance pricing
The Association of British insurers has responded to the results of a Young Marmalade survey which revealed that 96% of young drivers feel priced off the road by high insurance premiums.
Brit Insurance being monitored after Douetil quits
Following the announcement chief executive Dane Douetil is stepping down from Brit Insurance Holdings, with effect from 27 October, Fitch Ratings has confirmed it will be monitoring the situation closely.
European insurance market facing critical moment
The European non-life insurance sector is approaching critical moments, with economic, regulatory and market forces set to severely test the industry as a whole, according to a report from AM Best.
UKDN wins Allianz drainage deal
Bosses at the UK Drainage Network are celebrating a “significant” contract victory after being awarded a three year sole-supplier deal by Allianz to provide validation, investigation and repair services for all domestic drainage claims.
Atradius nominates Tesch as chief market officer
Credit insurer Atradius has nominated Andreas Tesch, chief market officer, pending approval of De Nederlandsche Bank.
PMI discount for Hong Kong based customers
Now Health International is offering prospective customers who are resident in Hong Kong the opportunity to reduce their private medical insurance premium by 15% by restricting the type of room they have access to when seeking hospital treatment.
James Gerry to chair GB Underwriting
Privately-owned managing general underwriter GB Underwriting has recruited the CEO of JLT-owned Thistle, James Gerry, to be its chairman.
Guernsey delegation to promote island in Far East
A delegation from Guernsey will be raising the profile of the island’s finance industry in the Singapore and Hong Kong markets at the start of November.
Deacon names two in marketing drive
Deacon has appointed David Hitchins to the new role of marketing manager and Adrian Potter as new business sales manager.
96% of young drivers priced off the road
A survey by Young Marmalade ahead of today’s Transport Select Committee hearing with Jack Straw, found that 96% of young drivers feel they have been priced off the road by high insurance premiums.
Ex-KPMG insurance leader joins RSA as NED
RSA has appointed Alastair Barbour to its board as a non-executive director as of today.
Willis strengthens property investment team
Willis Group company Willis Limited has appointed two associates to its property investors division.
Davies follows up PE buyout with Kearney appointment
Davies has today announced the appointment of former ASL board director Suzanne Kearney as head of the newly combines liability and construction & engineering business at the claims management firm.