Insurer
Court of Appeal delays decision on key date for 10% damages uplift
The Association of British Insurers' hopes of ensuring that the forthcoming 10% rise in general damages is tightly synchronised with the withdrawal of the recoverability of success fees and after-the-event premiums hang in the balance.
Crawford sets up flood claims help centre
Crawford & Company has set up a help centre in Morpeth to assist homeowners with flood claims, as the residents battle storm damage for a second time in four years.
Lloyd's backs IPO access for small companies
Lloyd's of London has welcomed lower barriers to entry to the London Stock Exchange for small companies.
Insurance Strategy 2012: Importance of brand to grow as economy picks up
The power of branding has been highlighted as a crucial tool for insurers in the struggle to compete n a volatile marketplace.
CNA appoints claims head for UK and continental Europe
CNA Europe has named Monique Van Der Linden as head of claims and vice president for Europe.
Home insurers to incur £10m flood bill
Panmure Gordon analyst Barrie Cornes has told Post that Aviva and RSA could see insurance losses of £10m to £15m from the latest round of UK flooding.
Lloyd's returns to profit with 'strongest' half-year result in five years
Lloyd's of London is back in the black after posting a profit of £1.53bn during the first half of 2012 compared with a loss of £697m in the same period last year.
Motor insurance fraudster sentenced
A magistrate has sentenced a London man who pleaded guilty to insurance application fraud and sending "malicious communications" to an insurer.
CNA names vice president for Europe
CNA Insurance has appointed Monique van der Linden, pictured, as head of claims and vice president for Europe.
Takaful's key markets diverging, says S&P
Takaful companies in south east Asia appear more healthy and sustainable than their counterparts in the Gulf, according to the latest report by Standard and Poor's.
Court of Appeal delays judgment on retrospective 10% uplift debate
The Court of Appeal has decided to delay judgment on an industry appeal against a decision to effectively bring forward a rise in damages by 10% from April next year.
Purple Partnership in tie up with LV
Independent broker network Purple Partnership has announced a deal with LV, which will now serve as a commercial key partner.
UK flood claims expected to rise further
Severe weather in the UK has been credited to Hurricane Nadine today as parts of the country suffer from heavy rain and strong winds.
Top five European news stories
The top five stories from insuranceinsight.com over the past seven days.
Fitch cuts Axa IFS outlook from stable to negative
Concerns about Axa's ability to improve profitability were cited for the move by Fitch Ratings to revise the outlook of the firm’s Insurer Financial Strength rating from stable to negative.
Bluefin delivers £11.5m dividend to Axa
Bluefin has paid its parent company an £11.5m dividend for the 2011 financial year on Ebitda of £17.8m (2010: £15.2m) and pre-tax profit of £11.6m (2010: £10m).
Tawa sells reinsurance businesses
UK insurer Tawa is to sell 100% of its shares in KX Reinsurance and its subsidiary OX Re to Catalina for a maximum of $30m.
Ping An files Belgian arbitration claim
China's second largest insurer, Ping An, has filed an international arbitration claim against Belgium in a bid to reclaim losses from an investment in Fortis.
AA calls for government action on flood protection
Recent government statements concerning the availability of affordable flood cover when the Statement of Principles expires in June have "not given much ground for confidence", according to AA Insurance director Simon Douglas.
Education key to lowering young drivers' premiums, says DLG
Direct Line's managing director of retail personal lines has called for a greater focus on education and responsibility before motor premiums can fall.
Dual adds Liberty and Barbican to capacity provider list
Liberty and Barbican are to join Arch, Hiscox and Mitsui Sumitomo Insurance as capacity providers for Dual International's global financial lines portfolio from 1 October 2012.
Flood warnings raised as weather worsens
Heavy rainfall has prompted the UK's Environment Agency to raise the number of flood warnings to 21.
Hastings raids RSA and Ace for fresh managerial talent
Hastings Insurance Services has completed the double swoop for former head of affinity operations at RSA Paul Whymark, pictured, and ex-Ace continental Europe claims director Jonathan Sutcliffe.
DLG names Aspen chairman and RBS corporate CEO as directors
Direct Line Group has appointed Glyn Jones and Mark Catton as a senior independent director and non-executive director, effective immediately.