News
Guy Carpenter appoints de Haas to lead Benelux region
Guy Carpenter has appointed Roelant de Haas as Benelux region chief executive, effective 1 September.
ABI seeking better clarity for customers on renewals
The Association of British Insurers is asking the Financial Conduct Authority to regulate on a minimum standard of information for companies to give customers when renewing their motor or home insurance policy.
Brokers and insurers hit with 3.2% FCA levy hikes
Both general insurers and brokers will have their fees to the Financial Conduct Authority hiked for the next financial year.
Elite points to profits of £7m and £115m GWP in past year
Elite Insurance has unofficially calculated profits before interest and tax of £7m and gross written premium upwards of £115m for the 12 months to 31 March 2014.
Co-founder Carslake leaves Towergate-owned Arista
Arista founder Lyn Carslake has left his role as deputy chief executive at the managing general agent.
Gallagher promotes Oval’s Penketh to North West MD
Oval’s North West managing director Steve Penketh will expand his role to all of Arthur J Gallagher’s UK retail operations in the region following the departure of Paula Williams.
Modi government revives long-awaited FDI hike
India’s new government has revived plans to increase the foreign direct investment ceiling to 49% from 26% but has proposed a number of safeguards, according to local media reports.
Qatar Re recruits New Re’s Rappaz for group liability boss
Qatar Re has swooped for New Re’s head of casualty underwriting Stephan Rappaz.
Admiral to post tumbling H1 turnover
Admiral will post slipping turnover figures for H1 next month, in spite of increased numbers of customers both in the UK and group wide.
Ecclesiastical hires Saunders for regional role
Ecclesiastical has hired Adrian Saunders as corporate business and regional director for London.
Typhoon Neoguri downgraded to moderate
Typhoon Neoguri has been downgraded to moderate after making its closest approach to Japan's southern Okinawa islands last night.
Helios grows underwriting capacity with Dumasco buy
Helios Underwriting has acquired Lloyd's limited liability member Dumasco for £2.5m.
Average UK motor premiums down £17 according to price index
Continuing pressure on car insurance prices for younger drivers has pushed the average cost of a comprehensive motor policy in the UK down by £17 to £579 during the second quarter of 2014, according to the car insurance price index from Confused.com and…
Only 6% of insurance execs believe Solvency II costs are ‘reasonable’
A survey conducted by Grant Thornton has revealed that only 6% of insurance industry executives described the costs associated with Solvency II are "reasonable".
Insurers and government consider risk cover for growing asset-sharing sector
Concerns raised over claims management companies approaching the industry
Brokers expected to prove worth after cut to minimum level of solicitors’ PI
ABI criticises SRA’s ‘misguided idea’ that reduction will lower premiums
Insiders expect Towergate exodus to help firm integrate Fusion business
Broker believed to be hit with FCA S166 order following client money failings
Insurers maintain opposition to young driver curfews despite public backing
Sources suggest long-delayed green paper on young driver safety could be revived
Banning pre‑med whiplash settlements is not cost-effective, insurers tell TSC
Insurers refute Mass claim that pre-med settlements invite fraud
Ghost broker who targeted Yorkshire's Asian community jailed
A ghost broker who sold invalid car insurance policies to more than 100 Yorkshire-based motorists was today jailed for fraud.
Beijing insurance research organisation launched
Two Chinese insurance industry bodies have set up the Beijing Insurance Research Institute to support the reform of China's insurance sector.
FSCS GI provision payments increase by £10m
The Financial Services Compensation Scheme paid out £90m in the general insurance provision class during 2013/14 - a £10m increase on the previous year, according to its annual report.
Premiums to account for 5% of China’s GDP by 2020
The growth of the Chinese insurance industry is set to continue apace, with the China Insurance Regulatory Commission forecasting that premiums will account for 5% of gross domestic product by 2020.
Ferma agrees risk manager certification scheme
The general assembly of the Federation of European Risk Management Associations has agreed a framework to create European certification for risk managers.