Insurer
Over half of construction workers mistaken about employer insurance
Nearly 60% of UK construction site workers believe their employers must have insurance in place to pay their salaries and medical benefits if they are off work, despite such policies not being mandatory in the UK.
Meso claims don't justify special treatment, say defendant lawers
Defendant lawyers have criticised the Justice Select Committee's recommendation that the government launch a further consultation into the treatment of mesothelioma claims under the Legal Aid, Sentencing and Punishment of Offenders Act 2012.
Blog: Tick follows Tock, follows Tick...
In June 1947, the British appointed lawyer Sir Cyril Radcliffe to lead a commission which would establish the boundary between India, and a nascent Pakistan.
Lancashire Group goes live on Sequel Impact
Lancashire Group has bought and gone live on Sequel's risk exposure and aggregation product Impact.
Assurant Intermediary teams up with LV Broker on home product
LV Broker has launched its ABC home insurance offering on the Assurant Intermediary product platform as part of a partnership arrangement with the firm.
Ethics moves into the mainstream
David Thomson, CII Director of Policy & Public Affairs, predicts a larger role for ethics within the industry as the regulator focuses on cultural reform
Axa reports 33% earnings increase for UK business
Axa UK and Ireland recorded a 33% increase in underlying earnings for the first half of 2014 to £118m from £89m the year prior.
DLG sees profit drop from high weather claims
Direct Line Group has attributed a 13.1% drop in operating profit for the first half of 2014 to higher weather claims and lower prior-year reserve releases.
Youi expands into New Zealand
South Africa-owned car and home insurer Youi has entered the New Zealand market.
ABI slams 'excessive' claimant lawyer costs following meso report
The Association of British Insurers has said claimant lawyers have “difficult questions to answer” about why they do not support lower legal costs following the publication of the Justice Select committee’s report on mesothelioma claims.
Justice Committee condemns Government meso claims review
The Justice Select Committee has called on the UK Government to undertake a fresh consultation into the way mesothelioma claims are handled under the Legal Aid, Sentencing and Punishment of Offenders Act 2012.
Europe: EMEA credit insurers take claims increases in their stride
With trade credit insurance claims on the up, Post asks what is behind this trend - and should insurers be worried?
Euler Hermes net income up 4.1% for H1
Trade credit insurer Euler Hermes has recorded net income up 4.1% for the first six months of 2014.
Markerstudy recruits Sandy Dunn for group role
BDML Connect founder Sandy Dunn is to join Markerstudy as group markets development director.
ERS reports profit for first time since 2009
Insurer ERS has recorded a half year profit for the first time since 2009 improving its 2013 Q2 result by £25m.
Weather claims eat into Lloyds GI COR as income slips by £54m
Lloyds Banking Group’s general insurance business has attributed increased weather claims in the opening two months of the year to a decline in the unit’s combined operating ratio to 80% in the first half of 2014 (H1 2013: 69%).
Axa Assistance to provide motor breakdown cover for consumer site
Consumer insurance website Surewise.com has partnered with Axa Assistance to provide its motor breakdown offering.
Endurance terminates Aspen acquisition offer
Endurance Specialty Holdings has terminated its offer to acquire Aspen Insurance Holdings.
Green promoted to FCA GI director
The Financial Conduct Authority has promoted Simon Green to director of general insurance and protection.
XL's Sharp moves to Asia as food scandals rock global brands
Ben Sharp, a product recall underwriter at insurer XL, has relocated to Singapore from London as appetite for the product increases.
Independent oversight body formed in Australia
In Australia a new independent body has been created that will oversee the revised General Insurance Code of Practice.
RSA hands Motability reins to South director Gibbs
RSA has named its regions South boss Rob Gibbs as its new director for RSA Motability as part of a commercial lines reshuffle.
Government's 2015 driverless car target 'ambitious' says Thatcham
News that the UK Government has pledged £10m to help fund public road trials of driverless cars has been welcomed by the insurance industry’s motor research centre Thatcham.
Competition watchdog weighs credit hire cap U-turn
The Competition and Markets Authority is considering back-tracking on proposals to enforce a cap on the cost of replacement vehicles to non-fault motor insurance claimants.