News
GWP for mobile goods will be worth $14.6bn by 2016
The global market for extended warranties and insurance for mobile goods is expected to surge 46.3% from $10bn to $14.6bn by 2016.
Government slashes flood-defence funding further
The government has cut the budget for maintaining flood defences and clearing rivers from £68m to £39m, flooding Minister Richard Benyon revealed in a parliamentary written answer.
FCA unveils three chairmen for practitioner panels
The Financial Conduct Authority has appointed three chairmen to lead the independent panels which will dictate the new regulator’s policies and practice from the point of view of regulated firms.
Middle East enters 'new order' after Arab Spring
Political risk across 13 countries has eased in the post-Arab Spring world according to Aon’s annual political risk map.
Bluefin broker of choice for arts consultancy
Independent broker Bluefin has signed a deal to become the broker of choice of UK arts sector consultancy Arts Quarter.
Keycare signs deal with Chaucer Direct
Keycare has been appointed by Chaucer Direct to provide key replacement service for customers that are renewing or taking out a motor insurance policy.
Plum role for Chubb's Madders
Household insurer Plum Underwriting has swooped to appoint a new senior technical underwriter in the shape of Chubb's Niall Madders.
SRA publishes authorisation guidance in push for ABS streamlining
The Solicitors Regulation Authority is aiming to streamline the process for both alternative business structures and recognised bodies, having published new guidance about applying for authorisation.
Crash for cash family who sent local premiums soaring receive jail time
Seven members of a family who ran a multi-million- pound cash for crash scam that sent the motor premiums of residents who lived in the same village soaring have appeared at court.
Ease of doing business in Asia remains strong, says Aon
Aon has partnered with research firm Roubini Global Economics to capture political risk exposures and is bullish about the risks of doing business in Asia.
Drought continues in New Zealand
New Zealand has been suffering from an unusually dry summer with little rainfall.
RSA changes specialty lines head
Neil Lightbown has been appointed as RSA's global specialty lines director from 1 May when he will take over the responsibilities of Paul Donaldson who is set to retire in early 2014.
Italian insurers "not directly affected" by sovereign downgrade
Italian mutual Assicurazioni, its core subsidiary Reale Seguros and ITAS Mutua's ratings are not directly affected by the downgrade of Italy's ratings, Fitch has said.
IFB helps build 25 high-impact crash-for-cash cases
The Insurance Fraud Bureau helped build 25 high-impact crash-for-cash cases in collaboration with Duran Police’ Operation Nacho.
Lawyers question post-Jackson litigation potential
Lawyers have questioned whether the introduction of costs budgets for claims disputes in court might lead to further litigation in cases where insureds feel their claims history has been affected.
RSA names Lightbown as Donaldson successor ahead of retirement
Neil Lightbown has been appointed as RSA's global specialty lines director from 1 May when he will take over the responsibilities of Paul Donaldson who is set to retire in early 2014.
North West law firms considering closure in light of reforms
The impact of government reform geared towards driving down the cost of insurance premiums has resulted in a growing number of specialist personal injury law firms in the North West considering closing their businesses.
Foil expands ranks with first non-law firms
The Forum of Insurance Lawyers has boosted its presence in the claims sector by signing up its first wave of non-law firms as trade & industry partners.
David Neave joins Parabis board
The Co-operative's outgoing general insurance managing director David Neave has become Parabis' first non-executive board member since it gained an alternative business structure licence last August.
HSB Engineering Insurance strengthens underwriting team
HSB Engineering Insurance has appointed Roland Agard as partnership and account underwriting manager.
Baltic markets "not big enough to matter to PZU"
Polish insurer PZU’s plan to expand further into the Baltics is unlikely to add value to the group, according to Wood & Company analyst Mark Macrae.
AGCS grows Africa team
Allianz Global Corporate & Specialty has made several new hires as it looks to expand throughout the African continent.
Insurers struggle to match risk taking with appetite
Aligning risk taking with risk appetite has become a challenge for many insurers seeking to embed enterprise risk management practices, according to a survey conducted by Towers Watson.
Axa secures £150m capacity win
Axa Commercial Lines and Personal Intermediary will provide £150m capacity to Prestige Underwriting Services as part of a five-year deal.