Insurer
Speculation mounts that RBS personal lines business will go out to tender
A wave of activity in the affinity space has led to speculation over the future of Royal Bank of Scotland's arrangement with UK Insurance as a provider of personal insurance for its banking customers.
Editor's comment: Portal problems persist
The government's determination to stick to its self-imposed April 2013 deadline for vertical and horizontal extension of the electronic portal for personal injury claims has unsurprisingly prompted claimant and defendant groups to retreat to their…
Apil: Mesothelioma scheme is 'missed opportunity'
The Association of Personal Injury Lawyers has spoken of its disappointment that the government's proposal for a support scheme for mesothelioma victims "stops short" of providing full compensation.
Eiopa launches registered insurer database
The European Insurance and Occupational Pensions Authority has published a database of registered financial institutions in a bid to improve public awareness.
Scor hails renewals success with 24% premium increase
French insurer Scor Global P&C delivered a strong 24% premium increase at constant exchange rates to €462m during the June-July renewals.
Axa and Accident Exchange head to court over Autofocus evidence
Three Autofocus test cases involving Axa are to be heard in the Court of Appeal in a three-day hearing in October.
FSCS funding model consultation paper draws early concerns
The Financial Services Authority's proposed changes to the funding of the Financial Services Compensation Scheme have come under fire from the British Insurance Brokers' Association, amid concerns that the creation of a 'retail pool' will affect members.
DWP launches insurer-funded support scheme for mesothelioma victims
Newly diagnosed victims of mesothelioma who are unable to claim compensation because they cannot trace a liable employer or employers’ liability insurer will receive help from today through an insurer-funded support scheme.
Hiscox combines media, entertainment and events operations
Specialist insurer Hiscox has merged its global media, entertainment and events operations in response to the changing nature of the sector.
Lancashire reports hike in profit to $102.6m
Lancashire has reported a 35.5% increase in gross written premium to $514.8m in the first half of the year, compared with $379.8m in the same period in 2011, reporting growth across three of its four main classes of business.
Macmillan Sheikh unveils unoccupied properties scheme
Specialist broker and underwriting agent Macmillan Sheikh has launched a scheme for unoccupied commercial and residential properties.
Insured losses from Vicente estimated to be $100m to $300m
Economic losses from typhoon Vicente, which struck Hong Kong on 23 July, are expected to be $600m to $1.5bn, catastrophe modelling firm Eqecat said.
Former Clyde partner launches new law firm
David Coupe, a former partner at Clyde & Co and Ince & Co, has launched EC3 Legal, a new City law firm focused on representing the intermediated insurance market.
Cobra shareholders accept Alto offer
Alto Intermediary's recommended cash offer to acquire Cobra has received more than 98% acceptance from the broker's shareholders.
Home insurance premiums set to rise
Property insurers must ensure they have adequate reserves to cover future claims arising from volatile weather patterns, AA Insurance has warned.
Clyde & Co partner goes live with new City law firm
David Coupe, pictured, former partner at Clyde & Co and Ince & Co, has launched a new City law firm focused on representing the intermediated insurance market.
Insured losses 'low' as Typhoon Vincente sweeps through China
Up to 37 people are dead and 700 homes were flooded after Beijing was devastated by the heaviest rainfall to hit the city since 1951.
Motor premiums rise and fall as competition hots up
Average car insurance premiums for directly sold policies have risen by 8.5% over the past 12 months, while the average premium on policies sold on aggregators has fallen by 3.3% in the same period.
Teeside broker Henderson completes Arlington acquisition
Henderson Insurance Brokers Teeside has acquired north east firm Arlington, an independent financial advisors with a portfolio in excess of £100m.
Single accounting framework is an 'ideal' that would take 'years'
The benefits of a single set of accounting standards have long been debated, but a recent report has revealed a surge in insurer support. Francesca Nyman considers the feasibility of this goal.
Solicitors targeted following Prime Professions product launch
Prime Professions has teamed up with Axis Specialty to launch a new insurance product for solicitors.
EC approves acquisition of Groupama's Gan by Allianz France
The European Commission has cleared under the EU Merger Regulation Allianz's proposed acquisition of a non-life insurance portfolio of Groupama-owned Gan Eurocourtage.
Former broker fined £471 846 for misappropriating premiums
The Financial Services Authority has banned and fined a former commercial insurance broker who used clients' insurance premiums to fund his business.