News
Aviva trains sights on specialty lines
Aviva's new chief underwriting officer Axel Schmidt has revealed a wide-ranging plan to broaden its risk appetite by concentrating on areas it is currently under strength in, including local authority insurance.
Research puts Allianz top
Research conducted by Towergate Risk Solutions has put Allianz as the top performing key insurer servicing its broking operations.
KPMG pair at First City
KPMG's David Costley-Wood and Michael Walker have been appointed as administrators for First City Insurance Group and its subsidiary First City Partnership.
Ex-Capita director back
The former director of Capita Insurance Distribution Ian Meyer has confirmed plans to re-enter the market with a new personal lines start-up.
FSA in limbo as coalition puts Bank of England in charge
The coalition government has granted macro-prudential regulation of financial services to the Bank of England to rectify the "defective" tripartite system, according to the Treasury.
Ex-Brokerbility chiefback with new team
Former Brokerbility chief executive Stuart Randall has teamed up with senior staff from Evergreen and Axa for his return to the insurance market, Post has learnt.
Direct Group expands further with EVS deal
Insurance services provider Direct Group, backed by Lloyds Development Capital, has completed the acquisition of Evander Validation Services for an undisclosed sum.
RTA PI claims portal endures "bumpy ride"
The new portal for administering road traffic accident personal injury claims has had a "bumpy ride", despite the high number of electronic claims notification forms created since the live date of 30 April.
RBSI may put off full review until 2011
Royal Bank of Scotland Insurance is considering extending the contracts of its loss adjusting panel until July 2011 rather than launching a full review this summer.
Allianz First Direct deal
Allianz Corporate Partner has secured a three-year deal with First Direct, part of HSBC Group, to provide mobile phone insurance for First Direct's 70 000 account holders as of 1 June.
Giles takes over Hampden
Giles Insurance Brokers has acquired the retail broking division of James Hampden Insurance Brokers.
Aviva director leaves
Aviva has confirmed that Brigid Murphy, director of regional brokers for the UK general insurance business, will leave in June.
Quinn administrator biding time over redundancies
The true level of take-up for the offer of voluntary redundancy among Quinn Insurance staff may not be known until the second week of June.
Irish regulator warns of post-crisis surpervisory scepticism
The Financial Regulator, Matthew Elderfield, has warned Irish insurers that he will be more interventionist, rather than wait for a market failure to manifest itself and then cautiously weigh up the costs and benefits of a response.
Chartis, QBE and Dual back £1bn GWP private equity start up
The British Private Equity and Venture Capital Association has today launched BVCA Insurance Services to help members and their investee companies with their insurance needs.
UK actuary bodies confirm merger
Members of the Faculty of Actuaries in Scotland and the Institute of Actuaries have voted in favour of resolutions to merge the two organisations to form the Institute and Faculty of Actuaries.
Lloyd's: Deepwater and Chilean earthquake bill could top $2bn
Lloyd’s announced today that it estimates its net claims before tax from the earthquake in Chile to be in the order of US$1.4bn.
Irish regulator warns of post-crisis surpervisory scepticism
The Financial Regulator, Matthew Elderfield, has warned Irish insurers that he will be more interventionist, rather than wait for a market failure to manifest itself and then cautiously weigh up the costs and benefits of a response.
Lloyd's: Deepwater and Chilean earthquake bill could top $2bn
Lloyd’s announced today that it estimates its net claims before tax from the earthquake in Chile to be in the order of US$1.4bn.
Met office predicts active hurricane season
Early indications show it could be an active year for the North Atlantic tropical storm season, according to The Met Office’s initial forecast for the season, expected within the next month.
CEA welcomes EU/US Japan Post Insurance talks
The European insurance and reinsurance federation, CEA, has welcomed joint EU and US effort to address the Japanese government’s preferential treatment of Japan Post Insurance.
Apil “bitterly disappointed” at Queen’s Speech damages omission
The Association of Personal Injury Lawyers has expressed its disappointment at the coalition government’s decision to leave the draft Civil Law Reform Bill out of the Queen’s Speech.
Eversheds comments on Queen's speech
Jeremy Irving, partner at international law firm Eversheds, comments on the implications of the financial reform bill for the insurance market.