News
Court rejects Apil and Mass’ judicial review
The High Court has rejected the joint legal challenge launched against the Road Traffic Accident personal injury scheme consultation process, launched by the Association of Personal Injury Lawyers and the Motor Accident Solicitors’ Society in January.
PZU plans to cut 630 jobs as part of restructure
Polish insurer PZU expects to cut 630 jobs as part of its restructuring plans.
Hastings relaunches TV marketing campaign
Hastings Direct has created three new 30 second adverts based on a new strapline: “refreshingly straightforward insurance.”
Peter Haynes becomes MD of ANV syndicate
ANV Holdings BV, the Dutch headquartered specialty insurance business, has appointed Peter Haynes as the Managing Director for ANV Syndicate.
LV criticises RTA portal legal challenge
LV has criticised the two claimant lawyers’ representative bodies challenging the extension of the road traffic accident portal and the capping of legal fees.
IFB boosts fraud fight with new member
Car and van insurance provider Octagon Insurance has become the latest organisation to sign up as a member of the Insurance Fraud Bureau.
Laspo to leave law firms at risk of negligence claims
The Legal Aid, Sentencing and Punishment of Offenders Act, due to take effect on 1 April 2013, will leave law firms at risk of professional negligence claims, warned Elite Insurance.
Cunningham COO among senior trio exit
Loss adjuster Cunningham Lindsey has confirmed that three of its most senior executives have left the company.
Ace targets Swiss growth with A&H hire
Ace Group has appointed Ana de Montvert as business development manager for its Swiss accident & health business, as the company expands its consumer insurance proposition in the country.
Willis UK given chartered broker CII status
Broking giant Willis has been awarded chartered insurance broker status for its UK business by the Chartered Insurance Institute.
Keoghs warns over potential hike in RTA claims
Defendant law firm Keoghs and has warned of a possible rise in claims capturing following the government’s announcement to apply the new fixed recoverable costs to all road traffic accident cases notified in the portal after the end of April.
Lancashire leads pack with "thumping" 2012 result
Lancashire’s 2012 results place it “firmly at the front of its peers in terms of underwriting delivery and return of capital”.
Willis makes European captive hire
Willis has appointed Lesley Harding as chief executive officer of the Willis Global Captive Practice in Europe.
CGSC reveals US management changes
Shaun Hooper has succeeded Neal Abernathy as president and chief executive of Cooper Gay Swett & Crawford's wholesale, reinsurance broking and underwriting operations in North America.
Chesnara appoints non-executive director
Mike Evans has been named as a non-executive director of Chesnara with affect from 4 March 2013.
Willis appoints new European captive head
Lesley Harding has been named chief executive officer of Willis' global captive practice in Europe, effective 1 March.
Finance Ministry approves bancassurance in India
The 2013/14 Indian Budget has confirmed banks will be able to sell insurance in India and has also given insurers the ability to open up quickly in smaller towns.
ING gains $1.24bn from sale of Asian businesses
ING has completed the sale of its Hong Kong, Macau and Thailand insurance businesses to Pacific Century Group for $2.14bn (€1.64bn).
DLG results “good progress” for 2014 commercial underwriting profit
A £2.2m operating profit for commercial lines has satisfied Direct Line Group’s management that the segment is closing in on a targeted underwriting profit in 2014.
ABI welcomes Scrap Metal Dealers’ Act
The Association of British Insurers has welcomed the Scrap Metal Dealers’ Act as it received royal assent today.
Generali presents new travel insurance app
Genertel, the italian online unit of Generali Group, and mobile operator TIM Italia, have presented a new app at the Mobile World Congress, Telecompaper reported.
DLG posts improved international COR after reserve releases
Direct Line Group saw a return to underwriting profit for the 2012 financial year as it posted a combined operating ratio of 99.2%.
Allianz Worldwide Care posts 27% GWP growth
International health insurer Allianz Worldwide Care posted a 27% increase in gross written premiums for the 2012 financial year.
Latvia's Eurozone ambitions
If Latvia has its way it will become the 18th member of the Eurozone by the end of 2014. But as the country's institutions prepare to trade lats for euros, what are the implications for its insurance market?