Insurer
SRA ditches plans for introducing minimum rating criteria for PI players
Body’s plan for new minimum terms fails to convince
MIB plans PPO research after mortality rates found to be higher than expected
Figures suggest reinsurers are becoming ‘marginally more comfortable’ with PPOs
Regulators to face enforcement decision-making review
The government has launched a review of the fairness, transparency, speed and efficiency of the institutional arrangements and processes the Financial Conduct Authority and the Prudential Regulation Authority use to make enforcement decisions.
FM Global to pay out $465m membership credit
Commercial property insurer FM Global is to pay out a collective premium credit of $465m (£275m) to its clients when they renew their policies between 30 June 2014 and 29 June 2015.
C-Suite - Insurer: Insurers must be all ears
Customers say they want to feel they are being listened to during the claims process – we must take heed
Fraud Focus: Sophisticated cyber crime coming
Insurers must take the window of opportunity to develop countermeasures
Interview: Craig Thornton: Enjoying the challenge
A year into his tenure as general insurance director for Lloyds Banking Group, Craig Thornton is relishing the opportunities that lie ahead in his first general insurance-specific role
In Series: Legacy Systems: profit from partnerships
Insurers must look at their use of technology if they are to reap the benefits offered by strategic partnerships
BIA Countdown: Achievement winner reflects: Q&A with Patrick Snowball
Since their inception, the British Insurance Awards have become the unrivalled badge of excellence for the insurance sector, raising standards across the industry through their showcasing of best of breed performance and innovation.
Solvency II: It’s the final countdown
With a definitive date of 1 January 2016, Solvency II is finally set to be implemented – and insurers must make sure they are prepared
Penny Black's Insurance Week - 8 May 2014
Penny was thrilled to run into Allied World’s Julian James this week, and by the sounds of it, she was lucky to get any time with the Swiss-based firm’s European president.
Career file - David Hall: leaving Aviva for QBE
Aviva corporate and specialty risk managing director David Hall is to leave the business.
Disaster losses of $262m impact AIG profit in Q1
AIG has attributed catastrophe losses within its property and casualty businesses as a major factor in a 27% drop in profit to $1.6bn (£945m) in the first quarter of 2014 compared to $2.2bn in Q1 2013.
Catlin replaces QBE as UK General commercial capacity provider
UK General has signed a three-year capacity arrangement with Catlin Group in a deal that will see QBE replaced as a capacity provider for the managing general agent.
Grayling to review penalties for uninsured drivers
Justice secretary Chris Grayling will today unveil tougher sentences for disqualified drivers who kill and injure, with a maximum of 10 years for those who kill and four years for those who seriously injure.
Lancashire appoints Gregory as UK CEO
Lancashire Holdings group chief underwriting officer Paul Gregory has been appointed chief executive of Lancashire Insurance Company (UK).
Hiscox grows GWP by 2.3% in Q1
Hiscox grew gross written premiums by 2.3% in local currency, with a small decrease in sterling to £501.6m (2013: £506.1m) in the first quarter of 2014, as it continued to shrink its reinsurance book.
White House to warn climate change is already here
The National Climate Assessment, a report compiled by 300 leading scientists and experts, is set to reveal the US is already suffering from the affects of climate change.
SRA to launch minimum terms consultation
The Solicitors Regulation Authority will launch a consultation next week on whether the minimum terms for solicitors' professional indemnity should be revised.
RSA appoints Coffey as MD of private client division
RSA has appointed Mark Coffey as managing director of its private client division.
Spencer launches broadside against insurers in first speech as Apil president
John Spencer warned insurers that the personal injury fraternity “will not roll over and give up” in a combative first speech as president of the Association of Personal Injury Lawyers.
Direct Line inks £1.2m deal for Trak M8 self-install telematics
AIM-listed telematics provider Trak M8 has completed a deal to provide all self-install telematics devices to Direct Line Group.
Telematics to improve motor profitability, claims Fitch report
Telematics devices are likely to improve the profitability of motor insurers by assisting in the better pricing of risks, according to Fitch Ratings.