News
Biba and ABI agree Toba template
The British Insurance Brokers’ Association agreed a standard template with the Association of British Insurers for Terms of Business Arrangements.
Garwyn issues key considerations ahead of the EL/PL protocol
Specialist liability adjuster Garwyn Group has issued a guidance list of key considerations for insurers, brokers, self-insured business and public bodies as they prepare for the launch of the PL/EL RTA protocol and portal.
Allianz lands Barclays commercial deal
Barclays has selected Allianz as the provider of commercial SME products for its UK customers.
Towers Watson adds two brokers to crisis management team
Towers Watson has added two brokers to its crisis management broking and consultancy operation.
Co-op considers sale of non-life insurance business
The Co-operative Bank is believed to be considering the sale of its non-life insurance business to address a billion pound deficit.
RSA beats peers to eighth place in Sunday Times best employer list
RSA has become the highest ranking insurer in the Sunday Times Top 25 Big Companies to Work For in 2013, coming eighth overall, compared to sixth in 2012.
Towers Watson recruits crisis management pair from Aon
Towers Watson has expanded its consultancy and broking offerings in crisis management with two recruits from broking giant Aon.
Coface premiums up 3.1% after strong Apac and Latam growth
Credit insurer Coface posted a 6.6% rise in net profit (excluding restructuring costs) to €129m in the first full year results since its re-brand.
Ince & Co appoints senior shipping consultant
Law firm Ince & Co has named Xu Guo as a consultant. Based at the firm’s Beijing office, Guo will provide shipping advice.
Coface profits boosted by emerging markets growth
Credit insurer Coface Group has seen its full year profits bolstered by emerging markets performance, with net profits up 6.6% to €129m.
Marsh unveils UK and Ireland large corporate unit
Marsh has created a single division to serve mid-size and large corporates across the UK and Ireland, along with multinational clients in the region.
Insurer Arrow visits up 38% in 2012
Intensive regulatory inspections of insurers increased 38% last year according to figures from law firm Reynolds Porter Chamberlain.
Thomas Miller boosts Asia Pacific office
Andrew Jones will become CEO of Thomas Miller (Asia Pacific), which manages mutuals, from the beginning of April.
Towergate inks white label deal for Lorega loss recovery products
Insurance intermediary Towergate has completed a five year deal to provide Lorega’s products to its clients.
China IPO approvals still awaiting timetable
The China Securities Regulatory Commission has yet to set a timetable for resuming IPO approvals, scotching rumours that it would start pushing through new candidates in April, an official from the securities watchdog told Xinhua news agency.
Marsh restructures UK & Ireland corporate practice
Marsh has amalgamated its national corporate and risk management practices with its UK & Ireland operation along with Marsh Risk Consulting in its newly created corporate division.
Aviva to post £3bn+ loss: reports
Aviva could be set to post a full year loss of more than £3bn, according to reports in the Sunday Times.
Amlin returns to gross profit after £141m Sandy claims
Amlin has posted a pre-tax profit of £262.2m for the year ending 31 December, swinging into profit after a £193m loss in 2011.
Hong Kong targets captives
The Hong Kong government is to implement a 50% profits tax reduction on captive insurers' offshore insurance business.
New India targets 55 000 more agents
New India Assurance wants to more than double its agency base in India and will open three more offices overseas.
BT granted ABS approval
BT is set to target the motor claims industry having been granted approval by the Solicitors Regulation Authority to operate an Alternative Business Structure.
Mass considering options following RTA ruling
The Motor Accident Solicitors Society will mull over its next steps following the rejection of its judicial review into the consultation on fixed fees in the Road Traffic Accident Portal.
Apil: ‘Dark day’ for innocent PI claimants
The Association of Personal Injury Lawyers said today was a “dark day” for innocent claimants, as the High Court rejected its legal challenge to the Ministry of Justice consultation on the Road Traffic Accident scheme.
ABI backs "common sense" RTA portal ruling
The Association of British Insurers has backed the High Court’s decision to reject a judicial review of the Road Traffic Accident personal injury scheme.