Insurer
RSA Ireland adopts Xactware tool to increase supply chain transparency
RSA Insurance Ireland is to use Xactware's claims management and assignment network in a bid to enhance transparency throughout its home insurance supply chain.
JLT bolsters board with new executive hires
Jardine Lloyd Thompson has appointed Mike Reynolds as finance director and James Twining as group commercial director.
BGL recruits new Fusion contact centre manager
BGL Group's Fusion Contact Centre Services business has appointed Jane Alexander as contact centre manager.
QBE's 'A+' IFS rating affirmed
Australian insurer QBE has had its 'A' long-term issuer default rating and 'A+' insurer financial strength rating affirmed by Fitch.
Markel appoints PI underwriter from Brit
Markel International has appointed Les Telford as a senior underwriter for UK and international professional indemnity in the firm's professional liability division.
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.
Court of Appeal general damages clarification fails to appease Apil
The Court of Appeal has handed down a judgment confirming a 10% increase in general damages in most civil cases where judgment is given after 1 April 2013.
RAC to carry out risk management programme for NAAFI fleet
UK armed forces retail, catering and leisure services provider NAAFI has appointed RAC Risk Management to carry out a complete fleet risk management programme.
Mapfre Assistance signs deal for Italian rental firm's fleet
Mapfre Assistance has signed a deal to manage the fleet of Italian car hire firm Car Server.
Chinese insurers to benefit from broader investment scope
The relaxation of investment rules for Chinese insurers should allow them to match the duration of their assets and liabilities more accurately and benefit from improved earnings stability, Fitch believes.
FSA clampdown on packaged deals gains support from industry player
Lifestyle Services Group director Andy Morris has hailed the Financial Services Authority's crackdown on packaged bank accounts as "a positive step for the insurance industry".
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.
LV profit stable while GWP rises 6%
LV's general insurance business has reported 6% growth in gross written premium income to £747m (H1 2011: £704m) in the first half of the year.
Motor claims solutions provider signs technology deal with Groupama
Audatex UK has agreed to work in partnership with Groupama Insurances to implement a web-based technology platform designed to improve the company's motor claims processes.
Hiscox UK falters while group profit soars
Hiscox returned an interim pre-tax profit of £125.8m (H1 2011: loss £85.6m), following a more benign catastrophe season compared with the previous 12 months.
Markel promotes House in speciality division
Markel International has promoted Guy House to underwriter, covering property and open market in the firm's speciality division.
Indian government considers insurance reform
The Indian government is looking at financial reforms that will change the face of the insurance industry.
Pakistan takaful industry opens to general insurers
The Securities and Exchange Commission of Pakistan has issued revised takaful rules for 2012 allowing conventional insurance companies to open takaful window operations.
Childs to succeed Hiscox as chairman
Hiscox chief underwriting officer Robert Childs is to succeed Robert Hiscox as chairman of the Bermuda-headquartered insurer.
1350 jobs at risk as ERGO 'streamlines' sales
Munich Re-owned primary insurer ERGO said today it plans to cut up to 700 salaried sales posts as part of a "quality and efficiency plan" intended to streamline sales.
Trio jailed after attempting to defraud Havering Council
Three fraudsters who attempted to con Havering Council out of an estimated £100 000 have received combined custodial sentences totalling seven months.
FSA tightens grip on package deals offered by banks
The Financial Services Authority has published new rules today requiring banks and building societies to check whether customers are eligible to claim on insurance cover before selling them a packaged bank account.
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.
Ace boss heralds international pricing turnaround with 88.9% H1 COR
Ace has reported that income excluding net realised gains jumped to $1.44bn in the first half of 2012 (H1 2011: $932m).