News
Barrie & Hibbert to provide Solvency II support to Suravenir
Barrie & Hibbert is to provide the Economic Scenario Generator (ESG) of French life and pensions provider Suravenir in preparation for Solvency II compliance.
Legal sector critical of FSA paper
The legal sector has reacted critically to the Financial Services Authority’s paper on the future of regulation for insurers.
Axa enters joint venture in Algiers
Axa has signed two shareholders’ agreements in Algiers to set up two life and non-life insurance companies in partnership with the Banque Extérieure d’Algérie and the Fonds National d’Investissement (the Algerian National Investment Fund).
Economic crisis in Greece to affect insurers' balance sheets
The economic crisis in debt-ridden Greece could adversely affect global insurers’ balance sheets, a financial and corporate consultancy firm has warned.
UK to "pilot" new regime if SII deadline delayed
UK insurers risk becoming the guinea pigs of new capital rules surrounding insurance companies if they press ahead with plans to implement the new framework in time for the current 1 January 2013 deadline.
Economic crisis in Greece to affect insurers' balance sheets
The economic crisis in debt-ridden Greece could adversely affect global insurers’ balance sheets, a financial and corporate consultancy firm has warned.
UK to "pilot" new regime if SII deadline delayed
UK insurers risk becoming the guinea pigs of new capital rules surrounding insurance companies if they press ahead with plans to implement the new framework in time for the current 1 January 2013 deadline.
PRA reveals approach to insurer regulation
The Bank of England and the Financial Services Authority have published a joint paper that sets out sets out the current thinking on how the future Prudential Regulation Authority will approach the supervision of insurers.
Eurotunnel confident of Aon settlement after claim withdrawn
Eurostar and SNCF, its majority shareholder, have withdrawn the claim they have been pursuing against Eurotunnel’s insurers for the past two years.
Chaucer adds to political violence team
Chaucer Syndicate 1084 has confirmed the appointment of Henry Buchanan as an underwriter within its marine division’s political violence and terrorism team.
Eurotunnel confident of Aon settlement after claim withdrawn
Eurostar and SNCF, its majority shareholder, have withdrawn the claim they have been pursuing against Eurotunnel’s insurers for the past two years.
Brightside increases premium finance capacity
Brightside has increased its premium finance capacity following an extension of its revolving line of credit with Clydesdale Bank.
Eiopa announces key appointments to stakeholder groups
The European Insurance and Occupational Pensions Authority (Eiopa) has confirmed the newly elected chairs and vice-chairs of its two stakeholder groups established in March.
Insure The Box to tackle fraud through Ice
Telematics specialist Insure The Box is to use the ICE claims system to support its plans for future growth.
Eiopa announces key appointments to stakeholder groups
The European Insurance and Occupational Pensions Authority (Eiopa) has confirmed the newly elected chairs and vice-chairs of its two stakeholder groups established in March.
Severe weather costs Zurich $295m
Zurich has estimated claims caused by the severe weather-related events that hit the US in April and May to be approximately $295m for both Zurich North America and Farmers Re.
Biba welcomes new warning letters for uninsured drivers
The British Insurance Brokers’ Association has welcomed the new warning letters that will be sent from today to registered keepers identified as having an uninsured vehicle under the new Continuous Insurance Enforcement Law.
Towergate AIUA recruits four from Rural
Towergate AIUA, the specialist agricultural underwriting agency based in Harrogate, has today confirmed the recruitment of four senior managers from Rural Insurance Group.
Valuers and insurers breathe a sigh of relief
Valuers and insurers will breathe a huge sigh of relief after the Court of Appeal limited the duty of care which a valuer owes to a buy-to-let investor, according to Browne Jacobson.
Exclusive broking content now available on Post Europe
Post Europe’s weekly update is now live with an article on disclosure rules in the Italian broker market and a View from the Top on developments in the captive market in Europe.
Towergate names Manchester claims boss
Towergate Professional Indemnity in Manchester as appointed a new claims manager.
Motor insurance underwriting losses more than £2bn
Underwriting losses in the motor insurance industry exceeded more than £2bn last year, according to figures released this week.
Exclusive broking content now available
The Insurance Insight weekly update is now live with an article on disclosure rules in the Italian broker market and a View from the Top on developments in the captive market in Europe.
Willis names Spanish MD
Fernando Fedriani has been named managing director of Willis Facultative Spain.