News
ABI letter to Law Society calls for PI campaign to be withdrawn
The Association of British Insurers director general Otto Thoresen has expressed his “anger and disappointment” in a letter sent to the Law Society, calling for a recent personal injury advertising campaign to be withdrawn.
Xuber gets highest channel accreditation from Aia
Insurance software business Xuber has achieved Aia Software’s highest channel accredition, “ITP for” status.
Marsh unveils new chairman
Jane Barker will become Marsh chairman on 1 August.
Insurance industry to provide 22 000 extra jobs by 2020, states PWC report
Insurance industry jobs could account for approximately 47% of 47 500 additional jobs created across the whole UK financial services sector by 2020, according to report conducted by PWC.
Irish regulator decides against hitting Quinn with €5m fine
Collapsed Irish firm Quinn Insurance has avoided paying out fines of up to €5m (£4.3m) after the Central Bank of Ireland decided that it was not in the public interest.
Aviva Investors appoints Standard Life's Munro a CEO
Aviva has appointed Standard Life’s Euan Munro as chief executive of Aviva Investors.
Quinn fine 'not in the public interest', claims Irish regulator
The Central Bank of Ireland has reached a settlement with Quinn Insurance, in which a potential €5m (£4.3m) fine has been waived, as it is not deemed in the public interest.
LAS accredited for environmental business management
Claims management firm LAS Claims has achieved ISO140001 accreditation for business environmental management from the LQRA UK Accreditation Service.
Ace makes leadership changes in Asia-Pacific
Damien Sullivan is to be promoted from the president of Ace's Asia-Pacific region to chairman from 1 September.
Earthquake in New Zealand causes minor damage
A 6.5 magnitude earthquake struck New Zealand on Monday morning shaking buildings including the Parliament building in Wellington.
Strong earthquake hits China's Gansu province
A magnitude 6.6 earthquake has struck near the town of Dingxi in Gansu province on Monday morning killing at least 75 people with over 400 injured.
Allianz to replace RSA in Ford insurance partnership
Allianz has closed a deal with Ford to become its UK partner for its branded motor insurance.
£25m annual savings touted after bus crash ruling
A Court of Appeal ruling is expected to save the motor insurance industry from bearing the brunt of bus operators’ overheads in the event of a claim, according to an insurance law firm.
Adjuster panel review to deliver 'greater choice', claims Aviva
Aviva is confident its decision to reduce the roles of Cunningham Lindsey and Crawford on its loss adjuster panels will “deliver greater flexibility and choice“ to brokers.
Homeserve hires BT's CFO
Homeserve Membership has appointed Helen Miles as chief financial officer.
FCA bans and fines broker £140 000
The Financial Conduct Authority has imposed a £140 000 fine on Paul Cable, of Bromley, Kent, and banned the broker from working in the financial services industry in the future.
Treatment of G-SIIs must reflect differences between banking and insurance
The up-coming regulation around global systemically important insurers must reflect the fundamental differences between banking and insurance, Deloitte has said.
G-SII determination to impact credit rates
Insurers included on the Financial Stability Board's list of global systemically important insurers could see a modest improvement in their credit profiles due to the higher risk and capital management standards imposed on them, Fitch Ratings said.
Axa appoints RSA’s Owen Shelley to Midlands role
Axa has named Owen Shelley as its senior mid-corp development underwriter.
Double compensation rule thwarts Silverstein's bid for WTC payout
World Trade Centre developer Larry Silverstein has failed in his bid to recover billions of dollars from the airlines whose planes were used in the 11 September 2001 terrorist attacks.
LV launches broker portal
LV Broker has launched an online portal for brokers.
Allianz denies it represents a systemic risk
Allianz has accepted the Financial Stability Board’s decision to name it as a global systemically important insurer but has denied it poses a systemic risk.
Allianz denies it represents a systemic risk
Allianz has accepted the Financial Stability Board’s decision to name it as a global systemically important insurer but has denied it poses a systemic risk.
Insurance Europe questions methodology used to create list of G-SIIs
Insurance Europe has questioned the methodology used to create the list of insurers identified as potentially posing systemic risk to the financial system saying it has not been sufficiently tailored to the insurance business model.