News
Brazilian reinsurance regulations still need improving says IFIRMA
The International Federation of Risk and Insurance Management Associations has welcomed the flexibility of the Brazilian government in responding to the world-wide concern about its new reinsurance regulations, but believes more needs to be done to limit…
Willis International names CEO
Willis Group has appointed David Margrett CEO of Willis International.
Mitsui confirms expansion into Ireland with Chubb defections
Mitsui Sumitomo at Lloyd’s has confirmed it is to establish branches in Dublin and Belfast as part of its expansion plans.
Crash-for-cash trio set for sentencing
Three members of a crash-for-cash gang are awaiting sentencing after being found guilty of conspiracy to defraud.
Financial regulation consultation closes
HM Treasury’s consultation paper A new approach to regulation: building a stronger system, has closed.
ABI: Solicitors PI revamp a “missed opportunity”
The Association of British Insurers has criticised the Solicitors Regulation Authority’s plans to overhaul the assigned risks pool.
SRA announces plans to scrap ARP
The Solicitors Regulation Authority will abandon the Assigned Risks Pool from October 2013.
KPMG appointed as share receiver to Anglo in Quinn sale
Kieran Wallace of KPMG has been appointed as share receiver to Anglo Irish Bank and will take control of the Quinn family’s equity interest in Quinn Group.
Chubb Ireland hit by senior defections with Mitsui tipped to benefit
Chubb has confirmed four key employees are leaving its operations in Ireland.
Markel launches 'direct' arm aimed at low premium clients
Markel UK, the retail division of specialist insurer Markel International, has launched Markel Direct as it seeks to bolster its multi-distribution operating model.
ABI issues regulatory overlap warning
The Association of British Insurers has warned that the new financial regulatory authorities could lead to dual regulation for its members.
App creator vows to reduce breakdown recovery costs by 60%
A new Iphone app has been created which its designer claims can reduce breakdown recovery costs by up to 60%.
Marine piracy at all time high, with Somalia leading hot spot in Q1 2011
Piracy at sea hit an all-time high in the first three months of 2011, with 142 attacks worldwide, the International Chamber of Commerce International Maritime Bureau’s global piracy report revealed today.
LV unveils motorists Iphone app
Insurer LV has launched an Iphone app allowing motorists to file accident reports remotely.
Liberty Anglo announced as preferred bidder for Quinn - Manchester to close
A joint venture of Liberty Mutual and Anglo Irish Bank has been announced as the preferred bidder for the general insurance business of Quinn Insurance.
Guernsey set to see growth in captives
The number of captives domiciled in Guernsey is expected to increase significantly as the implications of compliance with Solvency II become better understood according to Aon.
Chubb Ireland hit by senior defections with Mitsui tipped to benefit
Chubb has confirmed four key employees are leaving its operations in Ireland.
Liberty Anglo announced as preferred bidder for Quinn - Manchester to close
A joint venture of Liberty Mutual and Anglo Irish Bank has been announced as the preferred bidder for the general insurance business of Quinn Insurance.
Guernsey set to see growth in captives
The number of captives domiciled in Guernsey is expected to increase significantly as the implications of compliance with Solvency II become better understood according to Aon.
Sacked Quinn boss eyes return
A former Quinn Insurance manager is trying to get his job back following his sacking after allegedly accepting a bribe of a bottle of wine, according to the Irish Independent.
Rush for next appointment increases corporate manslaughter threat
Businesses placing undue pressure on their staff are exposing themselves to risk of significant fines from a corporate manslaughter prosecution, according to a legal expert.
Sterling marks the royal wedding with free insurance
To celebrate the royal wedding on April 29, Sterling Insurance will be providing free wedding insurance protection which will include cancellation cover of up to £20,000 and re-arrangement cover of £15,000. In addition, cake and flowers are covered for…
Amtrust provides Composite with new binding authority arrangement
Composite Legal Expenses is to combine elements of its before-the-event, after-the-event and assistance capacity requirements and consolidate them with Amtrust Europe.
Is insurer collaboration on non-fault claims the answer to referral fees debate?
Motor insurers who handle non-fault claims collectively can remove frictional costs including referral fees from the claims process, according to experts.