Insurer
IAIS plans global capital standard by 2016
Plans to develop a global risk-based capital standard for insurers by 2016 were unveiled by the International Association of Insurance Supervisors yesterday.
IAIS targets global risk-based capital standard by 2016
The International Association of Insurance Supervisors plans to develop a risk based global insurance capital standard by 2016.
Raffard appointed at MetLife as head of regional strategy
Serge Raffard has left McKinsey in Asia to become regional head of strategy and business development for MetLife's Asian operation.
Post magazine - 10 October 2013
This week's issue of Post is now available to subscribers.
Ex-Mapfre travel claims boss Smith takes on Avanti role
Avanti Insurance has appointed Mapfre’s former head of travel claims Julie Smith to the role of business development director.
Machell accepts consultancy and Tesco roles
Aviva's former head of emerging markets Simon Machell (pictured) has joined Dutch consultancy firm CPI's Asian arm in Singapore to become chairman of its advisory board.
Michael Tripp joins Mazars as GI partner
Former Ecclesiastical chief executive Michael Tripp has set his sights on developing accountancy firm Mazars’ actuarial business as an alternative offering to Towers Watson.
27 arrested in nationwide fraud insurance raids
Dawn raids across the country resulted in 27 people being arrested as part of police efforts to combat the sale of fake insurance policies or ‘ghost broking’.
Markel buys Abbey Protection for £116.5m
Specialist insurer Markel has acquired Abbey Protection for £116.5m; a price representing 9.3 times the insurer’s EBITDA.
Further Quindell deals in the pipeline as Terry plots full listing
Quindell plans to sign several more deals of a similar scale to its agreement with Direct Line Group, but does not see such things as a prerequisite for a full listing on the FTSE 250 stock exchange, according to chief executive Rob Terry.
Aviva refreshes board with non-executive appointment
Aviva has appointed Patricia Cross as an independent non-executive director to its board, effective from 1 December 2013.
C-Suite: Slow down and think long term
Major price swings in the motor sector in the wake of legal reform are damaging to consumer confidence.
Industry backs extension of squatting ban despite lack of claims in 2013
Property landlords liable for damage and personal injury as a result of squatters.
Concerns grow for solicitors’ PI market as top brokers look to unrated carriers
At least 175 law firms enter EIP as impact of Berliner exit continues.
Pressure mounts on government to close referral fee ban loophole
Apil boss reminds insurers of responsibility not to profit from schemes.
Flood Re boost among insurance implications of government reshuffle
New financial secretary Sajid Javid looks set to retain insurance liaison role.
Editor's comment: All change in government
Insurers know only too well that a reshuffle of staff is an opportunity to “bring on fresh talent” but this week the personnel changes were in government rather than in the industry.
Quindell signs £150m deal with DLG
Outsourcing specialist Quindell Portfolio has agreed three year service contract with Direct Line Group.
The blossoming Asian D&O market
The market for directors and officers’ insurance in Asia is booming as local companies become increasingly aware of the litigation risks they face writes Nicky Burridge.
ICO rogue PI probe to be completed in eight months
The Information Commissioner Office’s investigation into the clients of rogue private investigators is expected to require eight months and up to £20 000 to complete.
Court of Appeal upholds legality of basis clauses
The court of appeal has confirmed the legality of basis of contract clauses in a case involving Liberty Syndicate.
SPB to unveil Portsmouth office
Affinity insurance provider SPB UK will open a new head office at Enterprise House in Portsmouth this November.
Hastings receives Goldman Sachs investment
Goldman Sachs Merchant Banking Division will acquire 50% of the voting share in Hastings, in a move that implies a net enterprise value of approximately £700m.
Q&A: Richard Ward: Passing the Lloyd’s baton
Reflecting on his time at the helm, outgoing Lloyd’s chief executive Richard Ward talks about the upcoming challenges for his successor and the legacy he is leaving behind.