Insurer
In Series: Claims: A moral dilemma
The industry is split over the ethics of subrogation. Will Competition Commission intervention resolve the situation once and for all, or can insurers find their own solution through bilateral agreements?
Protect Your Bubble launches in Ireland
Specialist gadget insurer Protect Your Bubble launched today in the Republic of Ireland.
Protect Your Bubble head has “high hopes” as it launches in Ireland
Specialist gadget insurer Protect Your Bubble launched today in the Republic of Ireland, a market it said had “a high proliferation of gadgets and an unmet need for specialist insurance”.
Regulation needed to boost cyber take up in Europe says Horton
The introduction of European Union data breach notification legislation is needed to spur the uptake of cyber policies in Europe, according to Beazley’s chief executive Andrew Horton.
Insured impact from Gansu quake not likely to be significant
Catastrophe modelling firm AIR Worldwide has said it does not expect significant insured losses from the devastating earthquake in Gansu Province, China this week.
View from the Top: The key to effective symbiosis
There are two crucial groups good managing general agents have to satisfy: insurance customers and capacity providers.
View from the Top: Environmental protection
Clean tech firms could find themselves in a mess if they fail to secure adequate cover, says Paul Skinner, segment specialist underwriter, Chubb Insurance.
Beazley improves COR as investment returns plummet
Beazley trimmed its combined operating ratio to 89% in the first half of the year (H1 2012: 91%), however the firm’s investment returns were hit by market losses in fixed income holdings.
Insurers stop new policies after New Zealand earthquake
Some insurance companies are refusing policies to new customers in central New Zealand after Sunday's 6.5 earthquake.
United India Insurance to open 530 more branches
India's second largest insurer plans to open 530 more offices across India by the end of the year.
Ageas claims team undertakes motorcycle training
Groupama Insurances, soon to be Ageas Insurance Limited, has put its motorcycle claims team through a series of training sessions to help them understand the needs of motorcyclists when handling claims.
Insurers in the dark over how pensions deficit input will impact levies
Insurers are unlikely to find out how much of an impact a £200m pensions deficit left over from the Financial Services Authority will have on their individual levies, in spite of changes to plans that will see them contribute more.
Axa settles ahead of its first Accident Exchange retrial
Axa has agreed an estimated £30 000 settlement, ending the prospect of what would have been the first retrial for the insurer in its ongoing legal battles over Accident Exchange credit hire rates.
Elite launches motor business
Elite Insurance Company has launched a motor business and is aiming to achieve £20m GWP in its first year.
Lloyd's earns postive ratings outlook after coping with record cat activity
A.M. Best has revised Lloyd’s outlook to positive from stable and affirmed the financial strength rating of ‘A’ (excellent) and issuer credit ratings of ‘A+’.
Le Prevost promoted to the board of JLT Insurance Management
JLT Insurance Management (Guernsey) has appointed Shaun Le Prevost to the board of the company.
Ascot CUO Pepper named London’s most credible underwriter
Ascot chief underwriting officer Mark Pepper has been named as the most credible underwriter in the London market in a study by Gracechurch Consulting.
ABI letter to Law Society calls for PI campaign to be withdrawn
The Association of British Insurers director general Otto Thoresen has expressed his “anger and disappointment” in a letter sent to the Law Society, calling for a recent personal injury advertising campaign to be withdrawn.
Insurance industry to provide 22 000 extra jobs by 2020, states PWC report
Insurance industry jobs could account for approximately 47% of 47 500 additional jobs created across the whole UK financial services sector by 2020, according to report conducted by PWC.
Irish regulator decides against hitting Quinn with €5m fine
Collapsed Irish firm Quinn Insurance has avoided paying out fines of up to €5m (£4.3m) after the Central Bank of Ireland decided that it was not in the public interest.
Aviva Investors appoints Standard Life's Munro a CEO
Aviva has appointed Standard Life’s Euan Munro as chief executive of Aviva Investors.
Quinn fine 'not in the public interest', claims Irish regulator
The Central Bank of Ireland has reached a settlement with Quinn Insurance, in which a potential €5m (£4.3m) fine has been waived, as it is not deemed in the public interest.
LAS accredited for environmental business management
Claims management firm LAS Claims has achieved ISO140001 accreditation for business environmental management from the LQRA UK Accreditation Service.