News
Axa names Agrical as lead farming and agricultural adjuster
Axa has appointed specialist loss adjuster Agrical as its lead chartered adjuster for farming and agricultural claims.
Telematics helps The Co-Op recover 92% of stolen vehicles
Telematics devices have facilitated the speedy recovery of stolen vehicles, according to Wunelli.
Mutuals “in prime position” with reinsurers says Willis Re
Mutual insurers can capitalise on the changing buying habits in reinsurance markets according to Willis.
Mutuals can capitalise on changing reinsurance framework
Savvy mutual insurers stand to benefit from changes in the traditional reinsurance market, according to Willis Re.
Expertise must underpin legal process warns law firm
Deficient IT processes operated by “under-qualified fee-earners” are accountable for missing serious injuries in up to 10% of low-value personal injury cases, a law firm has suggested.
Ex-Airmic chair Taylor joins Ascot board
Ascot Underwriting has appointed Paul Taylor as an independent non-executive director and chair of it’s risk committee.
Ten prepares to bolster membership following profitable Q1
Ten Insurance has chalked up first quarter gross written premium growth of £5.9m, representing an average rise of 23.4% for the opening three months of the year.
Axa: lack of flood deal could ruin housing market
Hundreds of thousands of homes will be “unsellable” unless the government secures a deal on flood insurance, Paul Evans, chief executive at Axa UK, told The Independent on Sunday.
Brokerbility member gains chartered status
Broker Cooke and Mason has become latest Brokerbility member to achieve chartered status.
Insurers to cut down on direct marketing in Hong Kong
Following the introduction of the Personal Data (Privacy) Ordinance rule on 1 April, one Hong Kong insurance CEO believes insurers will cut down on direct marketing.
Bird flu spreads; cases rise to 60; 13 dead
The number of cases of bird flu continues to rise in China, but there is still no evidence of human to human transmission.
Thai premiums to grow strongly
The Thai General Insurance Association is predicting a robust second half for premiums in 2013.
Pacific Prime wins top broking award
Hong Kong based broker Pacific Prime has won the award for Bupa International’s top global distributor.
India's government wants monthly insurer reports
Monthly reports in India to show progress, hurdles and new measures at insurers.
XL hires construction underwriter from Zurich in Singapore
XL has appointed David Poh as construction underwriting manager, Asia.
Balva banned from writing UK business
The Solicitors Regulation Authority is writing to legal firms holding professional indemnity policies with Latvian insurer Balva after it was barred from writing new business in the UK.
Balva banned from writing UK business
The Solicitors Regulation Authority is writing to legal firms holding professional indemnity policies with Latvian insurer Balva after it was barred from writing new business in the UK.
Bluefin’s Sugden to take director chair at Sydney Packett
Bluefin’s managing director for business development Marshall Sugden is to join Sydney Packett & Sons, Post’s sister-title Insurance Age has revealed.
CDL recruits former Carole Nash IT boss
Insurance software house CDL has named former Carole Nash IT head Stuart Richie as its first compliance manager.
Biba hails improved insurance access for older customers
New figures show a steep rise in the use of signposting services used to refer customers when an insurer or broker can’t offer motor or travel cover due to the age of a customer.
FCA selects Premium Credit as instalments payments provider
Premium Credit has been awarded a three-year contract to provide the official solution for Financial Conduct Authority authorised firms to spread the costs of their regulatory fees across monthly instalments.
Insurance fraud up 7% in 2012
Insurance fraud increased by seven per cent last year, with 12 in every 10 000 applications and claims in 2012 found to be fraudulent, according to Experian.
Lack of confidence in financial institutions noted by EU watchdogs in joint report
The Joint Committee of the European Supervisory Authorities today published its first report on Risks and Vulnerabilities in the European Union’s Financial System.
Miller appoints O'Neil in Singapore client role
Specialist broker Miller Insurance has appointed Nick O'Neil in a new business development and client servicing role in Singapore in its Asian facultative reinsurance business.