United Kingdom (UK)
Direct Line confirms staff cuts
Direct Line Group could make up to 891 staff redundant as part a plan to claw back £110m gross annual costs by 2014, the firm's chief executive said today.
Bourgeois appointed Coface MD for UK and Ireland
Frédéric Bourgeois has been appointed managing director of Coface in the UK and Ireland as Xavier Denecker retires.
UK P&I Club restructures ahead of Solvency II
The UK P&I Club has reorganised its structure to establish UK Europe as the sole provider of direct insurance business to UK Club Members.
Bartlett opens Australian office
Lloyd's broker Bartlett & Company has opened and office in Sydney, Australia, to serve clients with businesses in the region.
Bupa posts 22% fall in US and European profit
Global health insurer Bupa posted a 5% increase in revenues to £4.1bn and a 3% increase in pre-tax profits to £255.3m for the first six months of 2012.
Ace looks to strengthen travel business with internal promotions
Ace Group has made three changes to the travel team serving EMEA as the firm continues to build business across the region.
Italian quakes and UK floods hit RSA's H1 result
RSA continues to expect overseas operations to be 70% of group premiums by 2015, following strong performances in its international segments in the first half.
Liberty Mutual launches risk management tool for policyholders
Liberty Mutual Insurance has launched a risk management website to provide best practice risk engineering guidance to commercial policyholders.
Guernsey may foot the bill for £2.6m payment scam
Guernsey's government may be unable to recover £2.6m after falling victim to a payment fraud, according to the island's deputy chief minister.
Brit improves H1 COR to 93.3%
Brit Group posted a combined ratio of 93.3% for the first sixth months of 2012, down from 104.8% for the first half of 2011, reflecting benign cat activity during the period.
Former Clyde partner launches new law firm
David Coupe, a former partner at Clyde & Co and Ince & Co, has launched EC3 Legal, a new City law firm focused on representing the intermediated insurance market.
RSA expects £35m hit from Italian quakes
RSA expects a net loss of £35m from the two earthquakes in Italy's Emilia-Romagna region in May, the general insurer said today.
UK MGA Association celebrates as RSA joins
Global insurer RSA has become the latest member of the Managing General Agents' Association, a non-profit organisation that represents UK MGAs.
UK faces ongoing flood risk after wettest April to June on record
Further flooding affected the UK during the weekend of 6 and 7 July following outbreaks of exceptionally heavy rainfall.
Aviva hiring spree to fill 220 Irish vacancies
Aviva plans to recruit 220 new staff to its Galway office.
CNA Europe recruits casualty underwriter from Chartis
CNA Insurance Company has appointed Justin Godman as casualty underwriting manager.
Hogan Lovells recruits insurance partner
Hogan Lovells has appointed Helen Chapman as a partner in the firm's insurance and reinsurance group.
Europ Assistance re-branded following MBO
The team behind the management buy-out of the UK, Ireland and international health solutions business of Europ Assistance has launched its new brand, Aria Assistance, following authorisation by the Financial Services Authority.
"Disappointment" for insurers in Fairclough v Summers case
The UK's Supreme Court handed down judgment today in a seven-year battle over an exaggerated insurance claim.
UK Law Commission publishes insurance law consultation
The Law Commission is seeking responses to is third and final consultation paper on insurance contract law, published today.
Argo appoints director of alternative risk capital
Argo Group has appointed Mark Gibson to the new role of director of alternative risk capital.
New policy offers 'affordable' medical tourism
A new health insurance product claims to allow UK citizens to take advantage of the high-quality healthcare enjoyed by their European neighbours at significantly lower cost than most private medical insurance policies.
Riverstone Group to acquire Brit Insurance Limited
Brit Group has agreed the sale of its FSA-regulated insurance company, Brit Insurance Limited, to Riverstone Group.
UK insurers face capital hike under RMS v11
UK insurers may see increases of up to 97% in their capital requirement for catastrophe exposures under Solvency II rules when making calculations under the new RMS model version 11, with French and German insurers facing similar though not quite so…