Insurer
Rehab providers urged to tackle 'therapy drift'
Rehabilitation providers must become more commercial and proportionate in their dealings with injured claimants to prevent "therapy drift" and inflated costs for insurance purchasers.
No grace period on IPT
London market insurers and brokers have been told they will not be given the same grace period as when faced with the last hike in insurance premium tax.
Confused leads the insurance pack in social media usage
Confused has topped an index of the most 'followed' insurance brands on social media websites.
MoJ: personal injury text pests to be investigated
The Ministry of Justice is understood to be investigating the rising tide of organisations sending unsolicited text messages to consumers promoting personal injury services.
Amlin raids Catlin for lead specie underwriter
Amlin has appointed James Farquhar from Catlin with a brief to build up the account together with Class Underwriter, Rod Little.
QBE to combine London market teams
QBE is to merge its direct and reinsurance personal accident teams to create a single London market unit with a combined GWP of £45m, operating out of Lloyd’s.
Three in four weddings uninsured
Only one in four weddings taking place this summer will be insured, despite around £20 000 splashed-out on the average ceremony.
European risks not "significantly" increased claims Ceiops
Risks have shifted in the EU/EAA area, although the recent developments concerning sovereign risk in the Euro area means they have not significantly increased compared to 2009.
European risks not "significantly" increased claims Ceiops
Risks have shifted in the EU/EAA area, although the recent developments concerning sovereign risk in the Euro area means they have not significantly increased compared to 2009.
Standard & Poor’s downgrade Groupama to A-
Rating agency Standard & Poor's has downgraded French insurer Groupama from A to A- due to deteriorating earnings prospects with a stable outlook.
Board director Pain to step down at FSA
The Financial Services Authority has announced that Jon Pain, managing director of supervision and an FSA board member, has become the latest senior member to announce his intention to leave the organisation in 2011.
Environment Agency appeals to business to support flood defences
The Environment Agency is calling for communities and businesses to contribute more towards the funding of future flood defences.
Ace raids QBE to complete regional management team
Ace has appointed Jon Houghton to the role of regional manager Corporate Risks, Southern Region.
Aon forms Aon Global Risk Consulting Bermuda
Aon Global Risk Consulting has launched a captive consulting practice, Aon Global Risk Consulting Bermuda, which is part of Aon Insurance Managers (Bermuda). Aon executive Laura Taylor is to lead the practice.
Neal bill opponents respond to “inaccurate and misleading” Berkley statements
A coalition of trade experts, consumer advocates, insurance industry leaders and state officials have protested “inaccurate and misleading” statements made by William Berkley, of WR Berkley, most recently, regarding an online video opposing controversial…
Consumers urged to check details of their motor policies
Research by Defaqto has shown that only 23% of motor insurance policies offer a courtesy car as standard if your car is written off or stolen.
Risk managers call for penalties for late payment of claims
Insurers should expect to pay damages to their clients when they are slow to pay claims, according to the Association of Insurance and Risk Managers.
London market “more competitive” following budget
The International Underwriting Association’s chairman Stephen Riley has welcomed recent changes to corporation tax in June’s emergency budget.
US Congress passes financial reforms
On Friday, after a marathon 20-hour debate, the US Congress passed an amended version of the Dodd-Frank Bill which includes measures to prevent more AIG-style bailouts and a federal insurance regulator.
Ecclesiastical gains five-star rating
Ecclesiastical has achieved a Defaqto five star rating for the fifth tier of its wedding insurance.
Mondial appoints MD
Mondial Assistance UK has appointed Serge Corel as its managing director.
Brokers predicting profitability fall
UK insurance brokers are expecting a drop in profitability over the next three months, research by PricewaterhouseCoopers and the Confederation of British Industry has shown.
Execs would not be surpised if Eurozone shrinks, report claims
Rising sovereign debt in the developed world is one of the main concerns for the world’s business leaders and financial executives, according to 440 senior executives who participated in a survey commissioned by RBC Capital Markets.
CNA expands technology underwriting team
CNA Europe has made two appointments to its European technology practice.