News
Ink appoints Vela founder Scott as commercial director
Ink Insurance has appointed Duncan Scott to serve as its new commercial director.
90% of London market claims processed electronically
The use of electronic claims files in the London company market is much more extensive than previously stated, according to the International Underwriting Association.
Hasting’s products achieve five-star rating
Hastings Direct’s standard and premier motor and bike insurance products and it’s People Choice car and bike insurance have achieved a five star rating from Defaqto for the second consecutive year.
London insurance market's progress with ECF understated, claims IUA
The use of electronic claims files in the London company market is much more extensive than previously stated, according to new analysis by the International Underwriting Association.
GWP up 30% at Rural
Rural Insurance has reported gross written premiums of £27.5m – a year-on-year increase of 30%.
NIG recruits from Travelers for commercial claims head
Commercial insurer NIG has recruited Travelers’ senior claims manager Rob Smart to serve as its new head of commercial claims.
Allianz: increased number of clinical trials raises underwriting issues for insurers
The rising number of clinical trials poses significant challenge for insurers, according to Allianz Global Corporate & Specialty.
MENA Insurance CEO Club appoints new member
Dr Michael Bitzer, CEO of UAE-based National Health Insurance Company – Daman has become the first new member inducted to the MENA Insurance CEO Club in 2013.
Oliva provides product protection via DNA
Lumley Jacobs is to supply forensic coding to protect Oliva Underwriting’s plant and SME customers. The product will be used to protect contractors plant, tools, and SME office equipment.
Covéa deal offers a mobile repair solution
Covéa Insurance has signed up to Auto Restore’s combined national mobile and fixed repair solution to provide its customers with a seamless journey from the point where they register the claim through to a choice of type of repair service, time and…
UK has large rise in recalls of Chinese-made products
Law firm Reynolds Porter Chamberlain has discovered that Chinese made products accounted for 78% of all UK non-food consumer goods recalls in 2012 up from 54% in 2011.
Asian Development Bank calls for government disaster risk financing initiatives
With only 5% of disaster losses insured in Asia, the Asian Development Bank wants Asian governments to offer risk financing instruments such as catastrophe bonds to help with disaster resilience.
Thai government reinsurance fund reassures companies
International and domestic companies that suffered damage during the devastating Thai flooding in 2011 have purchased 3,745 catastrophe insurance policies from the National Catastrophe Insurance Fund.
Investment fuels Chase Templeton’s growth plans
Private medical insurer specialist intermediaries Chase Templeton Group has secured investment from Palatine Private Equity.
Sterling launches software company
Sterling Insurance has launched Sterling Technologies, a software company aimed at financial services clients.
Ankara embassy attack indicates rising terrosim risk
An attack on the US Embassy in Ankara suggests that the capability of terrorist organisation the Revolutionary People's Liberation Party-Front or a PKK splinter group to attack state and diplomatic assets has increased, according to Exclusive Analysis.
IFED’s biggest investigation ends with guilty plea
The Insurance Fraud Enforcement Department’s biggest investigation, launched over a year ago, has concluded today with a fraudster pleading guilty to selling hundreds of non-existent car insurance policies to drivers across the UK.
ULR wins High Court legal expenses insurance appeal
Legal expenses insurance provider ULR Additions has won an appeal in a case brought against the company by London law firm Webster Dixon.
Aon annual revenue rises 2% to $11.5bn
Total revenue for 2012 increased 2% to $11.5bn (£7.3bn)due to a 4% increase in organic revenue, partially offset by a 2% unfavourable impact from foreign currency exchange rates.
Aon CEO Greg Case hails benefits of London redomicile as it unveils 2012 results
Aon's revenue in 2012 increased 2% to $11.5bn due to a 4% increase in organic revenue, the broker reported today.
Report reveals 35% rise in countries experiencing political violence
The has been a 35% rise in the number of countries experiencing escalating political violence, according to broker Marsh.
Insurers defeat fraudsters attempting to claim more than £117 000
Hill Dickinson Fraud Unit and The Co-operative Insurance have cracked down on a fraud ring that attempted to claim over £117 000.
CC receives wave of industry response to private motor insurance investigation
Opening responses to the Competition Commission’s investigation into the private motor sector have been received from a variety of interested parties.
Law Society backs access to justice overhaul
The Law Society has backed Government plans to introduce a regime for ‘class actions’ which it says will enhance access to justice for consumers who have suffered because of anti-competitive behaviour.