Insurer
Talbot appoints new board member
Peter Bilsby has been named head of underwriting management and head of reinsurance purchasing at Talbot, an insurance subsidiary of Validus, and appointed to the board.
‘Toxic sofa’ victims to receive £20m pay out
The High Court has ordered three furniture retailers to pay £20m to customers who received serious burns from sofas manufactured in China in what is thought to be the largest group litigation in UK legal history.
Co-operative Insurance calls for ELIB
David Neave, director of general insurance at Co-operative Financial Services, has called on the insurance industry to fund an Employers’ Liability Insurance Bureau.
Aerospace insurance costs continues steady descent
Reduction in exposure to risks throughout the aerospace sector means insurance costs are falling and further reductions are likely this year, according to Aon's Aerospace Insurance Market Outlook 2010.
Generali appoints chairman and chief exec
Generali, the largest Italian insurer, has named Cesare Geronzi, the outgoing chairman of its largest shareholder, Mediobanca, as its new chairman and Giovanni Perissinotto as its sole chief executive.
Generali appoints chairman and chief exec
Generali, the largest Italian insurer, has named Cesare Geronzi, the outgoing chairman of its largest shareholder, Mediobanca, as its new chairman and Giovanni Perissinotto as its sole chief executive.
Two thirds of businesses "concerned" over prospect of hung parliament
Nearly two thirds of businesses (65%) are “concerned” or “very concerned” about the potential impact of a hung parliament, according to the British Chambers of Commerce’s latest monthly business survey.
FSA reassured over Quinn as administrator plans 20% UK rate hikes
The Irish Government has written to the Financial Services Authority to assure it that any funding needs which emerge at Quinn Insurance’s business there will be met.
FSA reassured over Quinn as administrator plans 20% UK rate hikes
The Irish Government has written to the Financial Services Authority to assure it that any funding needs which emerge at Quinn Insurance’s business there will be met.
Allianz' legal helpline reveals employers' ash concerns
Allianz Legal Protection’s 24hour legal helpline has fielded a number of calls from employers with questions relating to the treatment of employees caught up in the Icelandic Volcano eruption.
SPB finalises share arrangement
White label insurance specialist Citymain has concluded the sale and purchase of part of its shareholding to the SPB Group, an administrator and provider of affinity insurance programmes to the French banking and finance, IT and mobile sectors.
Travelers Q1 profit hit by cat claims
US property insurer’s first-quarter profit dropped 2.3% as the cost of its catastrophe claims increased more than fivefold.
SPB finalises share arrangement
White label insurance specialist Citymain has concluded the sale and purchase of part of its shareholding to the SPB Group, an administrator and provider of affinity insurance programmes to the French banking and finance, IT and mobile sectors.
Quinn to elect staff reps in light of redundancies
Quinn Insurance has said it will work with employees to formally elect employee representatives for each of its sites to ensure staff views are incorporated into their assessment and decision-making process.
Motor rate rises come to an unexpected halt, claims the AA
The sharp car insurance premium increases of 2009 came to an unexpected halt over the first quarter of 2010, according to the latest benchmark AA British Insurance Premium Index.
Zurich puts quake bill at $200m
Zurich announced today that based on preliminary estimates, it expects aggregate claims payments related to the earthquake in Chile of approximately $200m before tax.
Quinn Insurance administrator prepares staff for cuts
The administrator of Quinn Insurance has indicated that it will have to cut jobs to keep the business viable.
Zurich puts quake bill at $200m
Zurich announced today that based on preliminary estimates, it expects aggregate claims payments related to the earthquake in Chile of approximately $200m before tax.
Quinn Insurance administrator prepares staff for cuts
The administrator of Quinn Insurance has indicated that it will have to cut jobs to keep the business viable.
Insurance websites dodge VAT after court hearing
HMRC has lost a hearing in the Appeal Court today to rule insurance intermediary services as liable to VAT, in a case involving website Insurancewide.
New investment head for Zurich
Zurich has appointed Urban Angehrn to the position of head of investment strategy implementation. He replaces Cecilia Reyes, who has been appointed chief investment officer and member of the group executive committee.
Kwik Fit Insurance set to recruit 70 people
Insurance intermediary Kwik Fit, is looking for 70 people to take up careers at its Uddingston call centre.
New investment head for Zurich
Zurich has appointed Urban Angehrn to the position of head of investment strategy implementation. He replaces Cecilia Reyes, who has been appointed chief investment officer and member of the group executive committee.