Regulation
London market must explain contract certainty
The London Insurance market risks losing custom if it fails to explain to the rest of the world the huge impact contract certainty will have on its practices, says Reynolds Porter Chamberlain, the City law firm.
QBE changes name of underwriting entity
QBE European Operations has changed the name of QBE International Insurance to QBE Insurance (Europe) (QIE).QBE International Insurance makes up the company market arm of QBE European Operations, including brands such as Ensign and MPB.
Lloyd's signs four year contract for managed IT services
Lloyd’s has re-signed a managed services contract worth £10.5 million with European IT services provider, Steria. Steria will continue to provide applications management, data centre hosting and infrastructure management to the market – which has the…
Markel International España opens for business
Markel International, the international property and casualty insurer, has announced the opening of its Spanish branch, Markel International España. The office was opened to an audience of 120 Spanish professional liability brokers last week in Madrid.
NU in healthcare buy
Norwich Union Healthcare has completed the acquisition of Private Health Care, one of the largest independent providers of occupational health solutions in the UK.
Global Aerospace appoints new legal head
Aviation insurance giant Global Aerospace has appointed Stephen Walsh to take up the position of Group General Counsel in succession to Ken Walder.
Give us some uniformity!
Inside View
APRA releases new IFRS paper
The Australian Prudential Regulation Authority (APRA) has released the second of two discussion pape...
It's time to head east
Europe Supplement 2005
Why Slovenia is my choice for a great next five years
Europe Supplement 2005
Xchanging and RI3K announce checking deal
Xchanging and RI3K have announced an initiative to allow early checking of contracts on-line. The ea...
Capita expands health division
The UK’s largest corporate occupational health provider will be created from 1 October when the integration of BMI Health Services with Capita Health Solutions is completed, it was claimed.
Fitch: key challenges in Russian insurance sector
Fitch Ratings says the Russian insurance sector continues to be challenged by low market capitalisation, inability to meet solvency requirements, and variable level of consistency in the statutory financial reporting. The sector also suffers from a lack…
ABI responds to government changes
The Association of British Insurers has welcomed today’s government announcement that it plans to clamp down on uninsured drivers. The ABI said the move could significantly reduce the level of uninsured driving and improve road safety.
Chaos predicted under new VAT rules
New VAT rules will have detrimental financial impact on the UK’s insurance and outsourcing sectors, unless EU rules are changed, a leading firm has warned.
BIBA welcomes FSA industry review
The British Insurance Brokers' Association has today welcomed the review of the general insurance regime, as announced by Clive Briault, Managing Director, Retail Markets, FSA, at last week's Chartered Insurance Institute Annual Conference.
Fitch affirms QBE’s ratings after acquisition
Fitch Ratings today affirmed the Long-term rating 'A' rating of QBE Insurance Group. At the same time, the Insurer Financial Strength ratings of QBE's main underwriting subsidiaries were also affirmed at 'A+'. The Outlook for all the ratings is Stable…
AEGIS London completes first payments under new programme
Associated Electric and Gas Insurance Services London, the UK-based subsidiary of AEGIS, has completed the first round of payments due to its members under its recently announced Premium Credit Programme.
ABI calls for delay over VAT for insurers
The Association of British Insurers is urging the tax authorities and Treasury to mitigate the impact of new VAT rules on outsourced insurance services by delaying their implementation and using their discretion not to penalise the customers of insurers.
Heeding the call
Teleworking
What the papers said this week
Metro Britons are more likely to be burgled on a Wednesday than any other day, researchers say. Fri...
Claims trends from the front line
Claims experts working at the front line will outline how they see claims trends developing in the n...
Appointment at Davies Liability
Graham Kelly has been appointed joint managing director of Davies Liability. Mr Kelly will be respon...