Insurer
Towers Watson criticises motor insurance report
Towers Watson has criticised the House of Commons’ transport select committee report into the cost of motor insurance for falling short of endorsing the recommendations in Lord Justice Jackson’s review of civil litigation costs.
Kane acquires HSBC business for $27.5m
Risk and insurance management services Kane has signed an agreement to acquire the insurance management operations of HSBC.
MIB to launch CIE TV campaign
The Motor Insurers’ Bureau is set to launch a television campaign “in the coming months” to raise awareness of the new Continuous Insurance Enforcement scheme.
Tsnunami hits Japan following earthquake
An 8.9 magnitude earthquake has struck north-east Japan triggering a devastating tsunami.
Committee calls for PI action
The House of Commons cross party transport committee has called on the insurance industry to take action against the rise in personal injury claims.
Dedicated insurance police force mooted
The Association of British Insurers general insurance council will debate the setting up of a dedicated police unit aimed at tackling insurance fraud at its next meeting on Thursday 17 March, Post has learnt.
ABI: transport committee motor insurance report is a "missed opportunity"
The Association of British Insurers has accused the transport select committee of "choosing to ignore” vital evidence provided by the insurance industry into the cost of motor premiums.
Professional lines boss departs Aspen
Aspen has parted company with head of professional lines Nick Evans, Post Online understands.
Wesleyan reports private clients growth
Birmingham-based mutual Wesleyan has reported record new business for its Private Clients Insurance service following its re-launch last year, the company has revealed.
Confused and Swiftcover team up
Comparison website Confused has teamed up with partner Swiftcover to provide an exclusive offer for its customers.
FSA publishes regulation responses
The Financial Services Authority and Financial Reporting Council have published a feedback statement summarising the responses to the joint discussion paper on enhancing the auditor’s contribution to prudential regulation.
AM Best assigns ratings to GBG Insurance
AM Best Europe has assigned a financial strength rating of B+ (good) and issuer credit rating of “bbb-” to GBG Insurance Guernsey (GBG).
AM Best assigns ratings to GBG Insurance
AM Best Europe has assigned a financial strength rating of B+ (good) and issuer credit rating of “bbb-” to GBG Insurance Guernsey (GBG).
Claims operation launches to assist the London market
A new company offering claims management services to assist the London market has been launched.
PPI bill set to become “colossal”
Jonathan Evans, chair of the All Party Parliamentary Group on Insurance Financial Services, has warned that the final figure for payment protection insurance mis-selling compensation could end up as high as £4bn.
Munich Re hit by £931m cat losses in 2011
Natural catastrophes in Australia and New Zealand have already cost Munich Re AUS$1.5bn (£931.1m) in 2011.
Munich Re hit by £931m cat losses in 2011
Natural catastrophes in Australia and New Zealand have already cost Munich Re AUS$1.5bn (£931.1m) in 2011.
RBSI claims director joins Weightmans
Weightmans boosted its insurance offering with the appointment of Kate Lotts to the newly created role of head of policy development (insurance).
Canopius accuses industry of "folly"
Canopius chairman Michael Watson has accused the insurance and markets of “folly” as rates continue falling despite 2010 being “one of the six” most costly years for insured catastrophe losses.
XL Group reveals possible $85m NZ quake loss
XL Group has revealed preliminary net loss estimates of $70-85m for the earthquake that struck Christchurch, New Zealand on 22 February.
Catlin estimates $125m quake loss
Catlin Group has estimated that the 22 February 2011 earthquake near Christchurch, New Zealand caused its losses of $125m.
Professional indemnity - legal services shake up: a plethora of problems for solcitors?
With the legal services industry set for a structural shake-up, Mike Willis and Lindsay Bowskill consider the impact on its insurers.
Postbox: Are the dog days over?
Forty to 50 years ago, the London insurance market claimed it would offer cover for any legitimate risk and, as a young broker, I never imagined I would one day be frustrated by the failure to quote for a simple risk.
Disease claims - mesothelioma: minimising costs while maximising speed
Mesothelioma claims are not set to peak until at least 2015. David Wynn details what insurers should be doing now to minimise their cost burden, while maximising speed of settlement.