News
Warranty gap insurance catching on in Continental Europe
Increased awareness of warranty and indemnity insurance is spurring the growth of the market in European territories, according to CMS Cameron McKenna.
Biba and Marsh to join the flood debate at Efra evidence session
The British Insurance Brokers’ Association and Marsh have been invited to give evidence at tomorrow’s Environment, Food and Rural Affairs Committee meeting on flood insurance provision, after a previous evidence session was adjourned.
Regulatory convergence not necessarily 'better' for insurance industry
Attempts to harmonise global insurance regulations are “more aspirational than realistic”, according to DLA Piper’s Bill Marcoux.
Ferma urges Europe to provide legal basis for commission disclosure for all in IMD2
The Federation of European Risk Management Associations is calling on the European Parliament to ensure that all insurance buyers are entitled to a minimum European standard of disclosure in the revised Insurance Mediation Directive II
Consolidation "inevitable" in Saudi insurance market according to S&P report
Prospects appear to be improving for Saudi Arabia's insurance industry, according to a new report from Standard & Poor's.
Legal jobs petition targets Laspo reforms
Raising the small claims limit from £1000 to £5000 will cost 100 000 people their jobs according to a petition launched by solicitors.
FSCS broker levy 'war not over'
The British Insurance Brokers' Association has vowed to continue fighting the Financial Services Compensation Scheme's plans to impose an interim levy on insurance brokers.
Towergate shuts Birmingham broking branch
Towergate is to close its Birmingham office, with managing director Brian Kerry made redundant.
Canopius relaunches Bermuda business
Canopius has completed the integration of Omega’s Bermudian operation, rebranding the business as Canopius Reinsurance.
Top five Asian news stories
The top five Asian news stories from www.insuranceinsight.com over the past seven day.
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.
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.