Insurer
False invoice leads to 'moral hazard' accusation by insurers
This law report has been contributed by national law firm Berrymans Lace Mawer.
Law Commission rejects fraud law appeal
The Law Commission has rejected insurance industry proposals to review the law so people who commit third-party insurance fraud lose the right to recover genuine claims, after it was not deemed to have "sufficient support" by the Ministry of Justice.
Hiscox sets sights on £100m untapped emerging PI premium
Hiscox is on the lookout for opportunities to build its book by targeting untapped emerging professional indemnity risks in the SME space that it believes could be worth up to £100m.
View From The Top: Delivering SME excellence
In the short time since I became SME director at RSA, small to medium-sized businesses have seen some dramatic changes.
Lloyd’s set to continue fight for CER relief post-Solvency II
Lloyd's has vowed to fight for tax relief on claims equalisation reserves to be retained beyond the implementation of Solvency II, after its premise was challenged in the Budget.
Co-op and Axa enter RSA repair cost fray
Co-operative Insurance and Axa have followed Provident Insurance in disputing subrogated motor repair costs with RSA, Post has learnt.
Penny Black's Insurance Week - 31 March 2010
You can say what you like about them, mused Penny, but insurance people know a good corporate jolly when they see one.
Editor's Comment: Fairy godmothers and streets paved with gold?
Unfamiliar with the taste of success when it comes to lobbying for reform in the personal injury arena, insurers across the UK may still be waiting for the ‘Bobby Ewing in the shower’ moment.
Interview - Tom Cooper & Matt Munro: Spirit of Enterprise
Matt Munro and Tom Cooper appear to have theMidas touch, with start up Igo4 smashing its five-year plan. Jonathan Swift asks where they go from here.
PwC: Bribery Act latest “good news”
PwC has stressed the final guidance on the Bribery Act, released today, and acceptance of the need for a “proportionate and risk-based approach” to the issue, is good news for financial services companies.
Post magazine – 31 March 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
ABI disappointed with FOS decision
The Association of British Insurers has said it is “disappointed” at the Financial Ombudsman Service’s decision to increase its levy on firms.
Arista turns profit following 2009 loss
Underwriting specialist Arista has turned a profit of £683 000 for 2010 after recovering from a 2009 loss of £942 000.
Insurers urged to “take stock” of Supreme Court immunity ruling
Law firm Beachcroft has warned the insurance industry review its policy cover for expert witnesses following a Supreme Court ruling abolishing their general immunity.
Vienna Insurance Group sells Russian interests
Vienna Insurance Group has sold its minority interests in Russian insurers MSK Life, SG MSK and So Vita.
Beazley revises MENA outlook to negative
Insurer Beazley has revised its outlook on the Middle East and North Africa to negative following the civil unrest in the region.
Swiss Re agrees alliance with Pro
Reinsurer Swiss Re has agreed a strategic alliance with Tawa-owned insurance business Pro.
Vienna Insurance Group sells Russian interests
Vienna Insurance Group has sold its minority interests in Russian insurers MSK Life, SG MSK and So Vita.
Beazley revises MENA outlook to negative
Insurer Beazley has revised its outlook on the Middle East and North Africa to negative following the civil unrest in the region.
Industry applauds government green light on legal cost reform - Insurance News Now - 31 March 2011
Post news editor Mairi MacDonald outlines this week's major general insurance stories including the industry's response to Ken Clarke's announcement that success fee recoverability in no win, no fee cases is to end.
Thatcham agrees risk rating deal with Thailand GIA
Motor insurance research centre Thatcham has signed a two year contract with the Thailand General Insurance Association to provide vehicle premium risk rating and alternative parts accreditation to the Thai market.
Co-op posts 48% profit boost
Co-operative Insurance has announced profits of £31.1m for 2010, up 48% on 2009.
Hiscox Japan losses could reach $150m
Hiscox has estimated exposure of up to $150m (£93.4m) for the earthquake and tsunami which struck Japan last month.
Lloyd’s profits dip after catastrophes
Insurance market Lloyd’s has posted profits of £2.2bn for 2010 – down more than £1.5bn on the sum for 2009.