Insurer
Ace Russia achieves 'BBB+' IFS rating
The Russian subsidiary of Ace Insurance Company has had its Insurer Financial Strength and national IFS ratings upgraded by Fitch.
Post Intelligence Benchmarking: High Net Worth Personal Lines Insight Report 2011
Based on comprehensive input from 212 British Isles HNW P/L broking professionals, the High Net Worth Personal Lines Insight Report 2011 details the front-line service performance of the broker market's ten most-used HNW P/L insurers and MGAs.
Skuld enters into Transmarine partnership
Norwegian marine insurer Skuld has formed a partnership with Transmarine, part of the Michael and Else and Company MGA operation specialising in marine trade disruption and consequential loss insurance.
LV recruits for Bristol office
LV is recruiting 50 new staff for its Bristol office this quarter in a bid to expand its customer services division.
Fitch Ratings gives referral fee ban its seal of approval
Fitch Ratings has approved measures to ban UK motor insurers from receiving any type of referral fees, saying represents a more meaningful step towards combating the rise in fraudulent claims.
Post Intelligence Benchmarking: Financial & Professional Lines Insight Report 2011
Based on comprehensive input from over a 150 unique brokers of professional & financial risks, the Financial and Professional Insurers Insight Report 2011 delivers actionable insights on the 16 most used financial professional insurers.
Medical and legal professions bite back at report response
Medical and legal experts have hit back at industry criticism following the Transport Select Committee’s cost of motor insurance report, claiming that comments made in the aftermath of the report question the “integrity” of doctors.
Reliance on third parties for data Solvency II challenge
Reliance on third parties for data, sophisticated risk modelling requirements and obtaining sufficiently detailed fund data were top of a list of challenges identified by European insurers in order for them to meet Solvency II requirements.
Post Intelligence Benchmarking: Marine & Transport Insight Report 2011
Based on comprehensive input from 104 British Isles Marine & Transport broking professionals, the Marine & Transport Insurers Insight Report 2011 details the front-line service performance of the broker market's 13 most-used M&T insurers.
Post Intelligence Benchmarking: Business Insurers Insight Report 2012
With commercial pressures and tough business conditions putting the squeeze on insurance companies, the importance of the brand and customer service levels has never been more vital. The British Insurers Insight Report 2012 details the front-line service…
Groupama for sale after ‘grand cru’ year
Groupama’s UK chief executive officer François-Xavier Boisseau, pictured, has told staff in the insurer and its broker subsidiaries that the company is for sale after “unsolicited approaches”.
ABI “baffled” by call for transparency of referral fees
Responding to the Transport Committee report on the cost of motor insurance, the Association of British Insurers said referral fees should be banned altogether.
ING to sell Asian insurance business separately
ING Groep NV has dropped plans to create an Asian-European insurer and is considering selling its Asian business separately as European markets have worsened.
FSA recruit to help Capita clients prepare for twin peak regulation
A former Financial Services Authority boss is to use his knowledge of regulatory reform to help clients of Capita Commercial Insurance Services prepare for change.
Aon Risk Solutions poaches Willis UK boss
Aon Risk Solutions has today confirmed the capture of former Willis UK and Ireland chief operating officer Chris Lee-Smith.
Groupama to sell UK operations
French insurer Groupama has confirmed it will sell its UK operations.
Windsor recruits Price Forbes' binding authority team
Lloyd’s broker Windsor has today revealed further expansion of its North American division following the recruitment of a team of binding authority specialists from Price Forbes.
Uniqa Austria board reduces to four as Holzhauser leaves
The UNIQA Austria board will be reduced to four members after sales director Werner Holzhauser left the company by mutual agreement.
QBE expects 40% drop in profits after tax
Australia-based general insurer QBE expects its profits after tax for 2011 to be down 40% to 50% on the previous year.
Insurers reveal Thai flood losses
Bermuda-based Arch Capital Group has said it expects the company’s 2011 fourth quarter results to be negatively impacted by the severe flooding in Thailand.
NIG boosts SME push with EIS contract win
Bosses at NIG have vowed to support “ambitious” growth for 2012 after winning the contract to underwrite the multi-million pound gross written premium core business of Event Insurance Services.
GPs reveal steep rise in patients with 'bogus' injuries
Medical professionals are witnessing a sharp rise in the number of patients attempting to make fraudulent claims, with 60% of GPs surveyed by LV reporting an increase unscrupulous activity relating to car accident injuries.
Bin Shabib and Associates joins Insuralex
Law firm Bin Shabib and Associates LLP has been elected to membership of global insurance lawyers group, Insuralex.
Mass “cautiously” welcomes transport committee report
The Motor Accident Solicitors Society said it cautiously welcomes the Transport Select Committee’s follow-up report on the cost of motor insurance published today, but warned that there is still a long way to go in “dispelling the myths” about whiplash…