News
Eiopa advises policymakers to scrap counter-cyclical premium in LGT report
The European Insurance and Occupational Pensions Authority has published the findings of the Long-Term Guarantee Assessment it conducted as part of political discussions on finalisation of the Omnibus II Directive.
XL Group appoints casualty underwriting manager Europe, reinsurance
XL Group has hired Valérie Devaux–Piquer as casualty underwriting manager, Europe, reinsurance to replace Dieter Kohl, who retires this summer.
Insurance infographic: The Impact of the 2011 Energy Act on property lettings
In this insurance infographic, Zurich focuses on the Energy Act 2011 which contains provisions to make it unlawful from April 2018 to rent property that does not hit minimum energy efficiency standards.
The Co-operative plans stock market listing
Shares in the Co-operative Bank will be available on the stock market for the first time as part of a plan to strengthen its capital position to the tine of £1.5bn.
Ecclesiastical unveils new technical manager
Specialist insurer Ecclesiastical has appointed Craig McLaughlin as casualty technical manager.
Cooper Gay hires global M&A head
Cooper Gay Swett and Crawford have hired Oliver Homer as global head of mergers and acquisitions, effective 17th June 2013.
Dataforce names Validus' Dering as business development director
Outsourcing provider Dataforce has appointed David Dering as business development director to lead the growth of the company’s motor claims business.
Government urged to take action on young drivers
A range of industries are calling on the government to take decisive action to stop the tragic loss of young lives on Britain’s roads.
CGSC hires KBW vice president Homer as global M&A director
Cooper Gay Swett and Crawford has appointed Oliver Homer as global head of mergers and acquisitions.
3D film whiplash injury named in LV report of top rejected claims
A woman who attempted to claim £1000 for a cancelled holiday, having told her insurer she had suffered whiplash injuries after being startled by a 3D film, has been named among LV’s top 10 failed claims.
Early monsoon rain causes airport damage in Delhi
Powerful monsoon rain including a record amount at Delhi's Indira Gandhi Airport meaning passengers had to wade through water.
QBE targets Malaysia with marine insurance product
QBE Asia and P&I specialist British Marine have launched a marine product up to $500m liability.
Indian regulator wants more affordable insurance
The chairman of the Insurance Regulatory Development Authority TS Vijayan wants more affordable insurance to help low-income families buy insurance.
Berkshire Hathaway Specialty Insurance begins trading
Warren Buffett’s latest venture has started trading, with its sights firmly on the US excess and surplus market.
Insurance claim handler sentenced for fraud
An insurance claims handler who conned almost £7000 from her employer to fund shopping trips has been sentenced.
MA Assist targets SNOL with property claims validation tools
MA Assist claims its new online system will transform the efficient handling of the ‘second notification of loss’ stage in property claims management.
Insure the Box hackers sentenced after Ifed investigation
Two men who hacked into Insure the Box’s payment systems and secured £187 000 worth of car insurance for just £30 have been sentenced at Liverpool Crown Court.
Collective redress rules are a "let down for consumers" says BEUC
The European Commission’s guidelines on collective redress mechanisms in European member states do not go far enough, according to The European Consumer Organisation BEUC.
Tucker to leave BoE to study in the US
Bank of England’s deputy governor Paul Tucker is to leave his job ahead of his contracted term to spend “a period of time in academia” in the United States.
Allianz expects €350m European flood hit
Allianz expects a net loss from the flooding in Central Europe to be approximately €350m, the German insurance giant said today.
LV Broker unveils EDI specialist motor product
LV Broker has launched a full-cycle electronic data interchange specialist vehicle product under the firm’s highway brand.
US offers $2.5m safety grant to Bangladesh
The US government has offered a grant of $2.5m to Bangladesh to help improve fire and safety standards and the protection of workers at factories.
Quindell prepares for full stock exchange listing
Quindell said it will be holding three "teach-ins" starting next Tuesday at its offices in Hampshire and London, in a bid to "provide a deeper understanding of the business".
Post Claims Awards - Ageas, AIG, Allianz, LV, Hiscox and RSA among the winners
LV and Ageas both won individual and team awards at last night's Post Claims Awards at the Grosvenor House Hotel.