News
Ferma 2013: DLA Piper director Graham named as next Ferma president
The Federation of European Risk Management Associations has named DLA Piper risk management and insurance director Julia Graham as its next president.
Quindell ramps up plans for full listing with key NED hires
Quindell Portfolio has appointed Robert Bright and Vice Admiral Robert Cooling as independent non-executive directors following the retirement of NED of Jason Cale.
75 missing as typhoon Wutip approaches Vietnam
Two vessels have sunk with another missing as typhoon Wutip struck the South China Sea on Monday.
Chinese regulator backs Shanghai free trade zone
The China Insurance Regulatory Commission has backed a new free trade zone in Shanghai.
MetLife makes joint agreement in Vietnam; targets further expansion in Asia
MetLife has reached an agreement with a Vietnamese bank to launch a life insurer in the country, expected to become operational in 2014.
KPMG welcomes latest Solvency II guidelines
KPMG has welcomed a relaxation in reporting guidelines following the European Insurance and Occupational Pensions Authority releasing its final guidelines relating to the preparation of Solvency II today.
KPMG welcomes latest Solvency II guidelines
KPMG has welcomed a relaxation in reporting guidelines following the European Insurance and Occupational Pensions Authority releasing its final guidelines relating to the preparation of Solvency II today.
Quindell ups Nationwide Accident stake to 25.3%
Quindell has expanded its stake in the UK’s largest accident repair services provider, just days after announcing it had taken an initial holding.
New Broker Network brand unveiled
Broker Network and Countrywide have joined to become one brand which will operate under the Broker Network name.
LV Broker targets truck market
LV Broker has launched a truck product with increased cover and e-trading capability.
London company market income totals £24bn
Premium income written in the London company market reached nearly £18bn in 2012, according to a survey by the International Underwriting Association.
Recruitment agencies accused of mis-selling insurance
Recruitment agencies came under fire after the BBC claimed they are mis-selling personal accident insurance to temporary workers.
Zurich inks Accident Exchange settlement
Zurich has reached a settlement with credit hire firm Accident Exchange over more than 50 cases of disputed rates.
Helphire set to begin Autofocus settlement negotiations
Helphire Group will seek to make good its losses from the Autofocus debacle once it finishes examining documents for ‘several thousand’ cases.
Savage: Lloyd’s happy with cautious GWP growth
Lloyd’s director of finance and operations Luke Savage has declared himself satisfied with small increases in the gross written premiums recorded in the London market.
Go Skippy and Open GI strike five-year partnership
Insurance technology provider Go Skippy has signed a deal with Open GI to provide a range of technology such as M Commerce and Document Portal.
Road deaths fall 8% but serious injuries remain stable
A total of 195 723 people were killed or injured in road accidents reported to the police in 2012, down 4% on 2011, according to the Reported Road Casualties in Great Britain Annual Report.
China's telematics boom could take up to five years
The emergence of telematics in China will take three to five years, as the China Insurance Regulatory Commission begins to liberalize insurance terms and rates, according to technology research firm Celent.
Insurers could help tackle implications of global food security
The insurance industry could play a major role in ensuring global food security, as concerns over the food supply intensify in coming decades, according to Aon Benfield.
Nick Metcalf to lead new Liberty operation
Nick Metcalf has been named president and group managing director of Liberty Specialty Markets, a new operation created by integrating Liberty Mutual Insurance Group’s existing Lloyd’s Syndicate, Liberty Mutual Insurance Europe/LIU Europe, and its US…
Asta to manage new Axis Capital backed Lloyd’s syndicate
The Lloyd’s Franchise Board has granted approval in principle for Asta Managing Agency to establish and manage a new corporate syndicate backed by Axis Capital Holdings.
Lloyd’s first half profit drops on 2012 result
Lloyd’s has posted a £1.38bn profit for the first half of 2013 down on its 2012 result of £1.53bn.
Magnitude 7.7 quake hits Pakistan
A magnitude 7.7 earthquake struck southern Pakistan on Tuesday at 4:29pm local time, according to catastrophe modeling firm AIR Worldwide.
Lloyd’s AA rating upgrade far from certain as CEO speculation continues
Catlin COO Paul Jardine emerges as popular choice to succeed Richard Ward.