Insurer
Quinn loan saga continues
The wife of bankrupt businessman Seán Quinn claims she does not have to repay a €3m bank loan, according to the Irish Times.
Allianz Engineering steps up surveyor recruitment
Allianz Engineering has increased its engineer surveyor workforce with an additional 21 surveyors entering the field in the past quarter, bringing the total to 34 for the year.
Homeserve hires non-executive director
Homeserve has appointed Ben Mingay to the board as a non-executive director from 1 January 2012.
Direct Line in Germany implements new business continuity infrastructure
German insurer, Direct Line Versicherung AG, has implemented Datacore's business continuity and disaster recovery architecture.
Groupama hit with S&P downgrade to BBB-
Groupama has suffered a ratings downgrade at the hands of Standard & Poor's despite the France-based insurer announcing a range of key strategic actions designed to halt the recent slide.
ABI calls for “focused approach” to publishing ombudsman decisions
The Association of British Insurers has questioned the Financial Ombudsman’s Service policy of publishing all its decisions.
IUA publishes new London Market TOBA
The International Underwriting Association for insurers and brokers has published a new Terms of Business Agreement (TOBA) for use in the London Market.
Seymour-Jackson quits RAC MD role
Ex-Aviva director Angela Seymour-Jackson has left her role as managing director of RAC to “pursue other interests”.
Generali's German subsidiaries downgraded
Generali Group's three German non-core subsidiaries have been downgraded by Fitch, following the downgrade of their parent company.
Canopius names Group CEO
Canopius has appointed Inga Beale as group chief executive officer with effect from 3 January 2012.
RSA appoints new UK head of litigation
Will Bloomer has been appointed as UK Head of Litigation at RSA.
Exposure to eurozone economies impacts Aviva credit rating
AM Best has responded to ongoing negative developments arising from the eurozone sovereign debt crisis by taking rating actions against Aviva and a number of other European insurers.
Insurance certificates removed from road tax application process
Motorists will no longer be obligated to produce a certificate of insurance in order to purchase road tax amid new government plans geared towards clamping down on forged documents.
Lloyd’s publishes revised three year plan
Lloyd’s has outlined its strategic priorities for 2012-2014.
Perils updates windstorm exposure data for 11 European countries
Perils, the independent organisation that provide industry-wide catastrophe insurance data, has updated the windstorm exposure data for 11 European countries.
2011 nat-cat insured losses reach $108bn
Total insured losses for the global insurance industry from natural catastrophes and man-made disasters reached $108bn (€83bn)in 2011 according to Swiss Re.
Haverford makes new bid for Omega
Haverford informed the London Stock Exchange this morning that it had submitted a fresh bid for the Lloyd’s insurer.
Power Place director departs
Power Place’s sales and marketing director Darren Rowe has been put on gardening leave.
MGAA appoints three directors
The Managing General Agents Association has co-opted three new directors onto its board in preparation for an increase in lobbying and member activities during 2012.
Willis Re comments on cat modelling guide
Willis Re has commented on the Association of British Insurers guidelines published last week around industry good practice for catastrophe modelling under Solvency II.
2011: highest cat related economic losses in history
2011 will be the year with the highest catastrophe related economic losses in history at $350bn according to preliminary estimates from Swiss Re’s Sigma team.
Penny Black’s insurance week
Penny was in her element when she attended the four-year anniversary of Ecclesiastical’s art and heritage team.
Your say: Nothing left to fight for
Following the recent credit hire case of Darren Bent, and the alleged fraudulent activity of Autofocus, isn’t it time for all insurers to fully embrace the general terms of agreement protocol?
Your say: Over audits
I read with interest the article regarding claims audits - Forensic claims analyst issues warning as insurers fail to focus on audits.