Insurer
Ace appoints ex-Chubb casualty manager
Chubb's former European casualty manager Mark Roberts has joined Ace as casualty manager for the UK & Ireland as part of the insurer's bid to build its liability insurance capabilities.
Ascent launches cyber-risk notification ring fencing
Amlin-backed cyber risks managing general agent is to ring fence data breach notification costs from main policy limits in a bid to protect small and mid-market clients.
Quindell wins five-year deal with RAC
Quindell has said a new five-year contract that sees RAC implementing its end-to-end technology platform has the potential to be its largest revenue generator to date.
Ascent recognises costs of cyber breach notification
Ascent Underwriting, the cyber risks managing general agent, is ring-fencing the costs of cyber breach notification separately from its main insurance policy limit.
Keycare recruits four after new contract wins
Key recovery and replacement specialist Keycare has bolstered its numbers following new commissions with Tesco Bank’s motor insurance business, as well as Go Skippy and Chaucer Direct.
Composite insurers likely to split in Malaysia
The Financial Services Act and Islamic Financial Services Act are likely to force composites, including takaful insurers, to split their units in the middle of the year.
Chinese fuel tanker shipped crude from Iran in March
Despite EU and US sanctions and lack of insurance cover, a Chinese tanker transported fuel from Iran last month.
Energy pool could allow Indian refiners to keep processing Iranian oil
India’s government is rumoured to be establishing a multi-million-dollar insurance pool to support local insurers giving coverage to refiners processing Iranian crude oil.
Top 5 European news stories
The top 5 stories from www.insuranceinsight.com over the past seven days.
EU-US dialogue project agrees five-year plan
The Steering Committee of the EU-U.S. Insurance Dialogue Project has agreed on a high level work plan from 2013 to 2017.
Torus given green light to launch Lloyd's managing agency
Torus has received approval from the Financial Services Authority and Lloyd’s to launch its own Lloyd’s managing agency, to be known as Torus Underwriting Management.
Your Say: Will Citroen be the first of many?
Car manufacturer, Citroën, has recently announced its plans to fit a telematics device as standard in its C1 Connexion special edition model.
Eurozone insurers must be alert to possible interest rate rises says E&Y
The collective pain for the financial services sector in the Eurozone is almost over, although the recent Cypriot debt-crisis is a reminder of the fragility of the economic recovery, according to Ernst & Young.
Skuld launches offshore marine disruption product
Marine insurance provider Skuld has launched an offshore marine trade disruption product through its Skuld Syndicate 1897 and partnership with Transmarine.
UK motor hits 102% COR for 2012: E&Y
The UK motor insurance industry fell just short of breaking even over the course of 2012, but figures from Ernst and Young suggest that profitability may have already peaked.
How are social media and mobile going to impact insurance distribution?
In today’s increasing digital market, the proliferation of new channels, products, services, and alternative players, is forcing Insurers to revisit their distribution strategies in order to understand the role of digital opportunities in closing the gap…
Bollington hires two account managers in Scotland
Bollington has secured further expansion within its Scottish operation with the appointments of two experienced account managers based in the region.
Helvetia appoints new head of investor relations
Switzerland’s Helvetia Group has appointed Susanne-Christina Tengler as its head of investor relations.
Insurers facing flurry of credit crunch professional negligence claims
City law firm RPC has warned insurers to brace themselves against a flood of 11th hour professional negligence claims relating to the build-up to the financial crisis.
Co-op appoints Deutsche Bank for GI sale
The Co-Operative has recruited Deutsche Bank to lead the sale of its general insurance operation with a price tag of more than £650m, according to reports.
Telematics and insurance: What opportunities exist in a burgeoning market?
The telematics market of 2013 looks vastly different to that of years gone by.
Market losses support improvements to flood and windstorm database
Catastrophe insurance data provider Perils has updated the property sums insured exposed to UK flood as part of an update to its Europe Industry Exposure Database.
Cyber attack readiness on the rise says QBE
Over two-thirds of UK businesses have plans in place for combating cyber crime and data breaches according to QBE.
Global insurer body calls for more foreign investment in India
The Global Federation of Insurance Associations is encouraging the Indian government to take steps to open up the insurance market further.