News
Reinsurers face hefty costs after ‘exceptional’ run of nat-cats
Reinsurers and insurers are facing hefty costs following an ‘exceptional’ run of natural catastrophes over the past 16 months, a Willis Re report has found.
CFC names claims manager
CFC Underwriting has appointed Tim Danbury claims manager at the MGA.
Chaucer takeover completed
Chaucer has confirmed its takeover by US-based The Hanover Insurance Group has been completed.
SMEs set to benefit from Coface policy by leading economic revival
SMEs will be given the opportunity to protect themselves against bad debt after Coface announced plans to enhance its Premier Trader credit insurance policy.
Post Europe July: Exclusive BPO, aggregator and renewable energy content now live
Post Europe July is now live with a look at business process outsourcing in Europe; a glimpse at how the aggregator concept might be received in Europe; and a View from the Top examining the future of renewable energy.
Exclusive BPO, aggregator and renewable energy content
Insurance Insight looks at business process outsourcing in Europe; a glimpse at how the aggregator concept might be received in Europe; and a View from the Top examining the future of renewable energy.
The Insurance Partnership appoints corporate risk expert to board of directors
The Insurance Partnership has appointed corporate risk expert Chris Brady to its board of directors.
Transport Commitee re-opens inquiry into motor insurance premiums
The Transport Committee is to re-open its inquiry into the cost of motor insurance premiums after further concerns about the increasing cost of premiums.
Rehab firm appoints case managers
Proclaim Care has appointed two case managers based in the South of England.
Staddon set for Biba departure
Peter Staddon, head of technical services at the British Insurance Brokers’ Association is set to depart at the end of the month, according to Insurance Age.
Lexis Nexis and SSP agree data partnership
Insurance technology firm SSP has selected Lexis Nexis ad its preferred UK data partner.
MYI forms joint venture in India
McLarens Young International has opened a full service loss adjusting network in India.
CBL revenue set to treble following EISL aquisition
The CEO of New Zealand’s largest provider of credit surety and financial risk expects to more than double the company’s premium income following the multi-million dollar takeover of European Insurances Services Limited.
Software firm warns against perils of inefficiency
Software specialists MSM Risk Management has warned that insurers could miss out on profits and make their risk engineering processes “cost centres rather than profit centres” due to inefficient processes.
CBL revenue set to treble following EISL aquisition
The CEO of New Zealand’s largest provider of credit surety and financial risk expects to more than double the company’s premium income following the multi-million dollar takeover of European Insurances Services Limited.
Lloyds Banking Group exec joins Towergate board
Senior Lloyds Banking group director Truett Tate has joined the board of Towergate as an independent non-executive director.
Multi-million pound meerkat giveaway
Compare the Market is bracing itself for a spike in sales as it prepares to unveil a new multi-million pound above-the-line advertising campaign that will give away a free meerkat toy with every sale of a car, home, van or pet policy.
Silverbeck Rymer prepares for "rapid growth" by appointing managing director
Bosses at Silverbeck Rymer have vowed to continue on the path of “rapid growth” after appointing the companies first ever managing director.
Novae-Omega merger falls through
Novae has announced to the London Stock Exchange that “it is unlikely a transaction can be structured in its interest” with fellow Lloyd’s insurer Omega.
AMII to step up fight for tax concessions
The Association of Medical Insurance Intermediaries has appointed executive committee member Lindsey Joseph from LEBC Corporate Healthcare Solutions as secretary/membership secretary.
Foil calls for fixed fees to be slashed
The Forum of Insurance Lawyers has urged the government to extend the road traffic accident claims portal to £25 000 and to reduce fixed fees in the regime.
Flagstone: US reinsurance rates rise 10%
North American reinsurance renewals have increased by an average of 10%, according to Flagstone Re.
European banks are ‘disadvantaged’ when recruiting high-performers
The different approaches taken by European and US regulators means that European banks are now at a competitive disadvantage when attempting to attract high-performing staff, research from Mercer has revealed.
Hire car insurance "baffles" consumers
British travellers are being "scared" into buying extra car insurance on hire cars because of widespread ignorance about excess cover, an online insurance company has found.