News
Ecclesiastical profit falls more than a third
Insurer Ecclesiastical has announced profit for 2010 of £50.4m – down 36% on the same figure for 2009 (£79m).
Insurers shut Bahrain offices
A host of international insurers have closed their offices in Bahrain as civil unrest continues to sweep through the Gulf state.
Japan nuclear accident “worst in 25 years”
The nuclear accident at the Fukushima Dai-ichi power plant in Japan caused by last week’s earthquake is the “worst in 25 years”, catastrophe modelling firm RMS has claimed.
Exclusive tax and Solvency II content now available on Insurance Insight
Insurance Insight’s weekly update is now live with an article on how a crack down on tax evasion in the US is impacting European insurers and an in-depth look at the results from quantitative impact assessment 5 for Solvency II.
Exclusive tax and Solvency II content now available on Post Europe
Post Europe’s weekly update is now live with an article on how a crack down on tax evasion in the US is impacting European insurers and an in-depth look at the results from quantitative impact assessment 5 for Solvency II.
LMA calls for removal of referral fees
The Transport Select Committee has missed an opportunity to call for a ban on referral fees for motor claims, according to the Lloyd's Market Association.
Groupama survey highlights SME broker oversight
Brokers servicing the SME sector are missing a strong revenue generating opportunity, according to a new survey of over 4,000 commercial brokers by Groupama Insurances.
Government called to cut business red tape
Software company MSM has called on the government to cut red tape for businesses as part of its budget announcement next week.
Allianz Retail launches clear private car product with SSP
Allianz Retail’s clear private car product has launched with SSP in the latest stage of its deployment.
NIG names regional underwriting boss
NIG has appointed Stuart Webb as head of regional trading.
Towergate names new sales director
Towergate has appointed David Scutt as sales director for the South west region.
EC takes France to court for failings on industrial pollution
On the recommendation of environment commissioner Janez Potočnik, the European Commission is taking France to the European Court of Justice for failing to comply with European Union rules on industrial emissions.
EC takes France to court for failings on industrial pollution
On the recommendation of environment commissioner Janez Potočnik, the European Commission is taking France to the European Court of Justice for failing to comply with European Union rules on industrial emissions.
Hiscox targets aggressive growth in commercial with new appointments
Specialist insurer Hiscox has added to its UK professions and specialty commercial division with the appointments of Samantha Newman as head of emerging professional indemnity and charities, and Ann Meaden as senior development underwriter.
Global supply chains to suffer extensive disruption
Organisations need to prepare for the possibility of extended disruption to global supply chains resulting from the earthquake and tsunami in Japan, Marsh has warned.
Allianz and BMW Group expand European partnership
BMW Group Financial Services has agreed a deal to offer its customers Allianz' payment protection insurance and guaranteed asset protection insurance in Germany, Italy and France.
Allianz and BMW Group expand European partnership
BMW Group Financial Services has agreed a deal to offer its customers Allianz' payment protection insurance and guaranteed asset protection insurance in Germany, Italy and France.
Ex-Lloyds chief tipped for Aviva chairman role
Former Lloyds banking chief, Eric Daniels, is among the candidates to become the next chairman of Aviva, according to reports.
James Hallam makes double board appointment
James Hallam has appointed David Allori, group corporate director and David Noble, group development director to the board of directors.
Voyager launches Asian wedding product
Niche insurance provider Voyager has launched a new wedding insurance product designed for Asian-style weddings.
Chaucer reduces 2010 cat loss estimates
Chaucer has reduced its best estimate for claims arising from the 2010 New Zealand earthquake and Australian floods.
Jubilee outsources motor claims
Jubilee Insurance has outsourced its run-off motor claims to Beachcroft.
Law Assist announces partnership
Law Assist and Featherstone & Freeman Medico Legal Consultancy have entered into a new partnership agreement for the handling of clinical negligence claims.
Merlin splits surveying services division
Loss adjuster Merlin has split its surveying services division into a project management and consultancy services team and Merlin Xpress, an on site validation and scoping service.