Insurer
Whiplash fraud “minimal” in Hong Kong says Kwiksure
Suspected whiplash frauds remain minimal in number in Hong Kong according to data from Asian broker Kwiksure.
GIC Re launches hazard map after flooding “wake up call”
Devastating floods in the Indian state of Utterakhand has prompted Indian reinsurer GIC Re to unveil a new hazard map.
Government will step-in if Flood Re “runs out”
The insurance industry will not be responsible for recapitalising Flood Re in the event that it “runs out of money” following a one-in-200 year event, the Association of British Insurers has confirmed.
Indian insurance sector set for premium spike
Direct insurance premiums will climb 11% over the next four years according to Indian Chamber of Commerce president Rajiv Mundhra.
North West law firms feeling Laspo pinch, states report
More than 70% of the North West’s personal injury law firms claim that civil litigation reforms introduced in April are having a negative impact on their businesses, accrosing to a survey carried out by Liverpool-based firm O’Connors.
Parabis Scotland hires McNaught as Edinburgh-based partner
Parabis Scotland has appointed defendant insurance lawyer Cameron McNaught as a partner in its newly-opened Edinburgh office.
Direct Line Group reaches settlement over Bethany Probert compensation claim
Direct Line Group has confirmed that it has reached a settlement in the high profile Bethany Probert case.
Air Asia to offer insurance products in India
Malaysian airline Air Asia is looking to expand its insurance products into India.
Industry alerted to upcoming changes to claims portal
The Ministry of Justice's claims portal may need to be replaced by another system depending on how further legislative changes around small claims play out.
Balva revealed as third biggest PI insurer
Balva was named as the third biggest professional indemnity insurer in the UK market this year in the Law Society’s Insurers’ Guide 2013-2014.
Sumatran earthquake unlikely to see significant insured losses
AIR Worldwide is not expecting significant insured losses following Tuesday’s magnitude 6.1 earthquake in Sumatra.
Estonian motor market to account for two-thirds of GI market by 2017
Estonia will see growth in its motor insurance market after a rise in car sales, according to a report into the sector.
Post Audio Supplement - 4 July 2013
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Incisive Media journalists recognised at industry awards
Journalists from Post and sister title Insurance Age won two categories and received three highly commended awards at the British Insurance Brokers' Association's 2013 journalist of the year awards.
CII launches apprenticeships manifesto
The Chartered Insurance Institute has launched a manifesto on the future of apprenticeships in insurance and financial services, calling for greater stability, clarity and a move-away from the “one-size-fits-all” mind-set.
THB boss Hawkes takes up NED role at IIRSM
THB UK and Cardinus Risk Management chief executive Andy Hawkes has been made a non-executive director of the International Institute of Risk and Safety Management.
Marsh issues warning over Brazil and Turkey unrest
Policyholders should be aware that market conditions could change rapidly if violence escalates in Brazil or Turkey, broker Marsh has warned.
Zurich, Direct Line Group, Cunningham Lindsey and Allianz among winners at 2013 British Insurance Awards
Reg Brown, chairman of the Managing General Agents Association, was honoured at the British Insurance Awards last night, receiving the Achievement Award.
Axa launches apprenticeship scheme
Axa Commercial Lines and Personal Intermediary has launched a national apprenticeship scheme to run across its regional branch network.
Efra report calls for further funding for flood defences
The government has been urged to further increase spending on flood defences by £20m per year for the next 25 years in order to keep pace with escalating risks caused by severe weather patterns.
Lloyd’s CEO Ward stepping down by 2014
Lloyd’s chief executive Richard Ward is to depart his role at the London market before the end of this year.
Seeking differentiation: Hong Kong's competitive market
Hong Kong is one of the most competitive insurance areas in Asia, but despite the strong market forces in play, the majority of insurers are failing to differentiate their products from their rivals writes Nicky Burridge.
FCA focused on insurance sector with phone fine, says lawyer
The fine handed out by The Financial Conduct Authority to Policy Administration Services, illustrates the regulator’s interest in the insurance industry, a legal specialist has said.
Dual appoints Doyle as global CEO
Dual, the underwriting arm of Hyperion Insurance Group, has appointed Shane Doyle (pictured) as CEO and group chief underwriting officer of its global operations.