News
Eiopa launches equivalence consultation
The European Insurance and Occupational Pensions Authority has launched a consultation on the potential equivalence of the Bermudan, Japanese and Swiss supervisory systems with Solvency II.
Eiopa launches equivalence consultation
The European Insurance and Occupational Pensions Authority has launched a consultation on the potential equivalence of the Bermudan, Japanese and Swiss supervisory systems with Solvency II.
Bank of America to "exit" Premium Credit
Bank of America will "exit its UK and Ireland credit card retail businesses" including Premium Credit.
Sagicor reports worst first quarter in half year results
Sagicor at Lloyd’s experienced the “worst first quarter” for natural catastrophes in recorded history after experiencing net loss attributable to shareholders of US$2m in the sixth month period.
Support set up for riot compensation claims
The government has set up a website and phone support for householders and businesses seeking compensation for riot damage.
Central Bank publishes new corporate governance code for captives
The Central Bank of Ireland has published its corporate governance code for captive insurance and reinsurance undertakings.
Central Bank publishes new corporate governance code for captives
The Central Bank of Ireland has published its corporate governance code for captive insurance and reinsurance undertakings.
Independent panel to investigate riots
The government is set to establish an independent panel to give victims of the riots a chance to "have their voice heard", Deputy Prime Minister Nick Clegg has announced.
Lloyd’s leads the way in medical tourism insurance
Lloyd’s has launched an insurance product that provides complications insurance for plastic surgeons globally to help protect patients who travel abroad for treatment.
Irish Central Bank launches PPI mis-selling investigation
The Irish Independent has reported that the Central Bank has launched a probe because of fears that consumers may have been mis-sold payment protection insurance on loans.
European PE firm makes third financial services acquisition
European private equity firm, Cinven, is to acquire Guardian Financial Services, the UK provider of life and pension products, from Aegon for an enterprise value of £275m.
Untapped pet premiums total almost £2.5bn
The pet insurance sector could offer providers close to £2.5bn in untapped premiums, according to a Defaqto report which found that around 69% of cats and 48% of dogs in the UK are uninsured.
Telematics could be the answer to managing UK’s “grey fleet”
Employees across the UK are leaving themselves exposed by failing to understand their responsibility when using own cars on company business.
Tropical storm Gert set to brush by Bermuda
Tropical storm Gert is expected to skirt Bermuda before turning back out to sea, away from the US east coast, according to AIR Worldwide.
Marsh offers small solicitor firms 'exclusive' PI deals
Marsh claims to have two exclusive insurer deals for small and mid-sized firms of solicitors to help tackle what it describes as a “challenging renewal season for solicitors’ professional indemnity (PI) insurance”.
Auction insurance offered as hammer comes down
Commercial property insurance broker Cadogan Keelan Westall is to attend Network Auctions’ National Auction Room in Hatfield so it can put items bought under the hammer on cover as soon as they have been purchased.
Airmic launches riots claims resource
Commercial insurance buyers group Airmic has compiled a list of expert resources for firms making riot-damage claims and says it will update with new advice as it arrives.
Bond Pearce hires catastrophic injury expert David Brown
Catastrophic injury claims defender David Brown has joined corporate law firm Bond Pearce as a senior associate specialising in casualty risks.
RMS unveils toolkit with building valuation
Risk Management Solutions has unveiled the latest version of its Data Quality Toolkit, which enables re/insurers to assess, manage, and improve the quality of their exposure data.
Solicitor insurers exploited ARP loophole
Insurers have used a loophole to under report premiums from solicitors’ professional indemnity insurance to cut payments to the Assigned Risk Pool, the Solicitors Regulation Authority has said.
Gallagher names Des O'Connor affinity boss
The UK arm of broker Arthur J Gallagher has promoted Des O'Connor to director of strategic development for affinity business.
Half of insurers have no complaints chief
Almost half of large UK insurers have failed to name a head of complaints – just two weeks before the Financial Services Authority deadline comes into effect.
Aviva Direct's caravan partner Victor Millwell to expand
Caravan specialist Victor Millwell expects to rapidly expand following Aviva Direct’s decision to use it as preferred provider of its motorhome insurance for customers seeking new or renewal quotes.
Towergate promotes head of legal and secretariat
Towergate Insurance has promoted Sam Clark to head of legal and secretariat.