News
Airline body slams lack of co-ordination over volcanic groundings
The International Air Transport Association has criticised European governments for what it claims is a "lack of leadership in handling airspace restrictions in light of the Icelandic volcano eruption". It urged a re-think of the decision-making process.
Reinsurance market could turn this year – Lockton Re
Lockton market update report notes that the reinsurance market may be on the brink of a new shift in cycles despite strong 2009 reinsurer results.
Axa reacts as watchdog blocks deal
The Australian Competition and Consumer Commission has today decided to oppose National Australia Bank's proposed acquisition of Axa Asia Pacific Holdings, and not to oppose AMP's proposed acquisition.
Axa reacts as watchdog blocks deal
The Australian Competition and Consumer Commission has today decided to oppose National Australia Bank's proposed acquisition of Axa Asia Pacific Holdings, and not to oppose AMP's proposed acquisition.
Buffett loses $1bn after Goldman charge
The value of Warren Buffett’s options to buy Goldman Sachs shares fell by over $1bn after the SEC sued the investment banking giant on Friday, according to sister publication IFAonline.
Car insurance costs rise in Q1
The price of car insurance rose by 4.3% during the first quarter of 2010, research by Confused and EMB has shown.
Insurancejobs.co.uk web seminar on staff retention - two o'clock today
Insurancejobs.co.uk is hosting a special, free to attend live and interactive web seminar today.
Catlin swoops for Angel business
Catlin has acquired the professional indemnity and directors’ & officers’ liability book of business underwritten by Angel Underwriting.
US Congress extends National Flood Insurance Program
President Barack Obama has signed into law legislation that extends the National Flood Insurance Program (NFIP) through to 31 May.
Equity wins Honda affinity deal
Honda UK has appointed Equity Direct Broking to administer its car and motorcycle insurance schemes. In addition to quote and buy websites for both products, an accident repair service is administered through the Honda approved repair network.
Broker Network names new director
Broker Network has appointed Paul Roberts as customer services director, for its network division.
China Pacific 2009 profit soars
China Pacific Insurance, China’s third-biggest insurer, said profit almost tripled last year after a rally in the domestic stock market lifted investment returns.
Munich Re takaful arm in talks with DIFC
Munich Re Retakaful is reported to be holding talks with the Dubai International Financial Centre to enter the UAE.
Biba 2010: The Claims Perspective
The Biba conference is well known as a gathering place for UK insurers to court brokers. But what of those associated with claims? Post asked the bosses of a number of these firms what their hopes are for this year¹s event, continuing with Darren Coombes…
Biba 2010: the London Market View
With this year¹s Biba conference being held in the capital, Post thought it appropriate to ask a number of companies traditionally more associated with the London market why they are exhibiting and what they hope to get out of the event. This week we…
Quinn UK re-opening D-day tomorrow as individuals cited for woes
It has been claimed that the Financial Regulator is investigating improper conduct by individuals as well as at the failure of systems and internal controls which led to Quinn Insurance's solvency problems.
Start up lines up Deutsche Bank and Macquarie for UK float
Long Bay Re, a newly established Class 3 reinsurer registered under Bermuda law, has announced its intention to float on AIM.
Quinn UK re-opening D-day tomorrow as individuals cited for woes
It has been claimed that the Financial Regulator is investigating improper conduct by individuals as well as at the failure of systems and internal controls which led to Quinn Insurance's solvency problems.
Goldman Sachs charged with fraud by the SEC
Goldman Sachs Group was charged with fraud on Friday by the US regulator in the structuring and marketing of a debt product tied to subprime mortgages.
Quinn employee representative committee arrange meeting for Monday
The Quinn Insurance employee representation committee is meeting at Crowne Plaza Hotel Blanchardstown Dublin on19 April at 7.00pm.
Ace Bermuda appoints new exec VP
Ace Bermuda, the Bermudian subsidiary of Ace, has said that Judy Gonsalves has been appointed executive vice president.
Oil giant set to challenge Buncefield liability judgement
Total has applied to the Supreme Court for leave to appeal a recent judgment that found the company 100% liable for claims resulting from the 2005 Buncefield depot explosion.
Zurich seeks to help brokers navigate MoJ claims review
Zurich has launched a guide for brokers that aims to help them prepare for the implementation of the Ministry of Justice road traffic accident personal injury claims protocol.
Lockton backs mobility vehicle cover review
Lockton has backed government proposals to introduce compulsory third-party insurance for mobility vehicle users.