Insurer
AJG tipped as early favourite to complete Giles swoop
Arthur J Gallagher has emerged as an early frontrunner among a pack of brokers looking to secure Charterhouse's majority stake in Giles.
North of the border: Fallout from a prisoner’s leave
In Ann Thomson v The Scottish Ministers the claimant’s daughter was murdered by John Campbell, a prisoner on short leave.
Your Say: A step closer to international clarity
After a journey that started in 2001 and led to the stopgap International Financial Reporting Standards 4 in 2005, the end of the search for an international accounting standard may be drawing near.
Claimants View: Misinformation has public running scared
Motor insurers are not suckers for punishment – suckers do not make multimillion-pound profits.
Markerstudy makes Brightside bid after “non-aggressive” 9% stake
Gibraltar-based motor insurer Markerstudy has approached Brightside over a potential takeover, despite the insurer’s chief underwriting officer insisting an earlier purchase of a stake in the firm would be “non-aggressive”.
Online insurance offering addresses needs of ex-pats
In partnership with Professional Investment Consultants, Clements Worldwide has launched a web-based marketplace designed to provide Europe-based individuals and organisations operating outside of their home country with affordable cover.
View from the Top: Crazier than spaghetti junction
After all the protracted pandemonium for motor insurers, discipline is now needed, says Colin Batabyal, personal lines director, Covéa Insurance
Axa blocked in latest Autofocus retrial bid
Axa has experienced a legal setback in the latest of its battles with credit hire firm Accident Exchange, just a week before an Autofocus retrial is scheduled to come to court for the first time.
Axa whiplash report calls for compulsory MRI scans as evidence
The UK should introduce mandatory MRI scans and impose a time limit on the appearance of symptoms to curb the number of spurious whiplash claims, according to Axa.
Canopius acquires Equity's home and PA books and 25% Arista stake
Canopius has purchased Equity Insurance Group’s home and personal accident books as well as a 25% shareholding in Arista Insurance.
Tailored approach to European disaster management is essential
Insurance Europe has warned there is no “one-size-fits-all” solution to the insurance required for natural and man-made disasters in Europe.
Biba partners with UKGI on members’ helpline
The British Insurance Brokers’ Association is to work with compliance consultancy UKGI to provide compliance helpline facilities to its members.
Insurers' investment income 'dropping quickly'
Low interest rates are hitting insurers hard as bonds mature, and regulators are not keeping up with the new investment environment, said Michael Morrissey, president and CEO of the International Insurance Society.
David Wynn new partner at Clyde and Co
David Wynn has joined lawyers Clyde and Co as a partner at its Manchester firm.
Insurers look to diversify by entering private loans market
Low rates and new regulations are driving European insurers to diversify their asset allocation by investing in more illiquid asset classes, notably private loans, Moody's said in report published today.
Aquila Underwriting completes Leadenhall Street relocation
Aquila Underwriting has relocated to new offices at the heart of the London insurance market on Leadenhall Street.
Q2 cat losses "manageable" for insurers
Second-quarter catastrophe losses, including flooding in Germany and the rest of Europe, appear manageable for most European and US insurers, according to SNL Financial.
Mapfre Assistance offers travel assistance product to MOL oil companies
Mapfre Assistance has won a tender to provide travel assistance to the clients of the MOL oil company in Hungary and bordering countries.
Swiss Re confirms it is in merger talks for Admin Re
Swiss Re has confirmed it is in talks over the potential merger of its remaining Admin Re closed life business with Phoenix Group - less than a year after selling the US side of the operation.
Greenberg launches Spitzer defamation suit
Maurice “Hank” Greenberg has filed suit against former New York state governor and attorney general Eliot Spitzer, accusing the politician of a campaign of defamatory statements.
Failed Lemma could cost UK compensation scheme £25m
The UK's Financial Services Compensation Scheme is expecting to pay-out around £25m in claims related to failed Gibraltar-based insurer Lemma.
Former Hill director Quinn receives three-year ban
Former director of Hill Insurance Company, Elisabeth Quinn, has been banned from holding executive director positions with any firm licensed by Gibraltar’s Financial Services Commission for three years.
Skuld strengthens claims service with Hovelsrud appointment
Marine insurer Skuld has appointed Anders Hovelsrud as vice-president.
S&P downgrades Italian insurer Generali
European insurer Generali has been downgraded from A to A- by Standard and Poor's.