Insurer
Parabis woes highlight importance of finding right ABS partner
The importance of insurers finding the right legal partner to enter into alternative business structure arrangements with has been highlighted by experts, after four such entities recently either changed partners or entered into run-off.
Increase in FSCS levy to be greatest for insurers
Insurers will see the largest increase in the Financial Services Compensation Scheme levy when compared to other financial sectors, with the industry set to pay an extra £32m according to the FSCS’s 2016/17 plan.
EC Insurance Group CEO Brown to retire in June
EC Insurance Group CEO Roger Brown is to retire in June after seven years with the business, Post can reveal.
Government challenged to instigate fraud taskforce recommendations
The insurance industry has praised the final report of the Insurance Fraud Taskforce with the mantle now passed to government to work on implementing the suggested reforms.
MGA Imperium launches farm division with QIC Europe capacity
Specialist managing general agent Imperium Insurance Management has launched a specialist farm division with capacity backing from Qatar Insurance Company Europe.
Impact of driverless cars to be discussed by industry group
Insurance and liability issues stemming from the development of driverless cars will be discussed by a group of 11 UK motor insurers led by the Association of British Insurers and Thatcham Research.
C-Suite - Insurer: A climate of hope
Following the floods, the COP21 agreement offers a glimmer of optimism over climate change
Fraud Taskforce report hailed by insurers
Insurers have welcomed the final report published by the Insurance Fraud Taskforce, particularly the recognition of the complexities of tackling insurance fraud.
RSA pushes wholesale presence in Lloyd's market
RSA is the latest insurer to push its wholesale business, with a move into the Lloyd’s building.
QBE's Cloney promoted to director general in Vietnam
Anthony Cloney, a QBE veteran, has been promoted to director general in Vietnam.
Zurich appoints Australia and New Zealand CEO
Zurich has appointed Rajbir Singh Nanra as its CEO for Australia and New Zealand.
Penny Black's Social World - 21 January 2016
All the latest online news.
Penny Black's Insurance Week - 21 January 2016
While many of the insurance news stories at the turn of the year concerned the misery of the floods there was also some good news to start 2016.
Market Moves - 21 January 2016
All the latest movers and shakers in the industry.
Fraud taskforce calls for SRA and government action in final report
The government has been challenged to deliver a regulatory strategy to clamp down on nuisance calls as part of the Insurance Fraud Taskforce’s final recommendations, which also call on the Solicitors Regulation Authority to get tougher on fraud.
Biba Manifesto 2016: Elderly customers agreement extended with ABI
The British Insurance Brokers' Association and the Association of British Insurers are continuing their 2012 agreement with government to improve transparency and access to insurance for elderly customers.
Legal Update: Everybody's talking
Reputation damage can have catastrophic effects – Helen Grimberg looks at how insurers can help.
Risk Management: What next for risk?
There remains regulatory pressure on insurers despite Solvency II models gaining approval.
Ex-Lloyd’s CEO Ward joins Direct Line board
Richard Ward, the former CEO of Lloyd's, has joined Direct Line Group's board as a non-executive director and senior independent director.
Consumer Focus: 2016: The year of the ‘switcher’?
The insurance industry saw huge changes in 2015, with changes in regulation and government tax rises. The effect on consumers will be seen over the next year – and they may not be happy
North of the Border: The end of shopping?
Two cases were struck out of the English courts – the judge ruling they should be raised in Scotland.
Conventional cyber policies giving patchy cover, IUA finds
Coverage of cyber risks in conventional classes of insurance can be variable, meaning cover is not provided for cyber losses in situations where it might be expected, according to a report from the International Underwriting Association.
New CEO and board members for marine cargo insurer NMU
Lloyd’s marine insurer NMU has made a number of changes to its executive board, including a new CEO.
Malaysian imprisoned in Singapore after cash for crash fraud
Tew Yee Jeng, from Malaysia, has been sentenced to 44 months in a Singapore jail after being involved in a cash for crash scam.