Insurer
Interview: Kevin Wood - creating a silver lining
Taking over the reins at the Chartered Institute of Loss Adjusters just as Merlin went into administration, Kevin Wood is determined to continue the trade body's promising work.
Aviva's Spencer admits Lloyd's re-entry still possible
Aviva’s new chief executive of general insurance in the UK & Ireland hopes to stay in his new role for at least three to four years in a bid to bring some continuity to the business he joined 17 years ago.
S&P affirms Axa Ireland rating
Standard & Poor's has affirmed its 'BBB+' long-term counterparty credit and insurer financial strength ratings for Axa Ireland.
Editor's comment: Causing tremors in the industry
You don’t have to look far for evidence that a ‘blame culture’ is spreading in our society, but there are surely few examples as alarming as the manslaughter convictions of six Italian scientists who failed to predict that a deadly earthquake would…
Metal thefts from churches fall 60%
Ecclesiastical has claimed a victory in the battle against metal theft after recording a 60% drop in the number of insurance claims for the theft of lead and other valuable metals.
Chinese insurers given green light to invest in 45 new countries
China's Insurance Regulatory Commission has widened overseas investment options for its domestic insurance sector.
Spencer aims for consistency at Aviva
Robin Spencer, Aviva's recently appointed chief executive of general insurance in the UK & Ireland, has outlined his desire to bring stability and growth to the business.
DLG to axe 100 IT roles as part of annual cost savings plan
Direct Line Group has confirmed that approximately 100 jobs will be lost across its IT function, as the firm's £100m annual cost savings drive begins to take effect.
ABI hits back at Apil "sniping" at industry efforts on historic policy tracing
The Association of British Insurers has accused the Association of Personal Injury Lawyers of "sniping from the side-lines" in the insurance industry's efforts to help trace historic employers' liability policies.
Foil boss brands ERR Bill amendment criticism "absurd"
Apil president Karl Tonks’ proclamation that the government amendment to the Enterprise and Regulatory Reform Bill has set back health and safety laws in Britain by 100 years has been branded “absurd” by the Forum of Insurance Lawyers.
Cameron McKenna backs FSA Solvency II timetable change
City law firm Cameron McKenna has commended the Financial Services Authority for adapting its implementation timeline for Solvency II.
French motor market to shift following annuity policy change
The re-evaluation of motor annuities by the French government will create long-term challenges for French motor insurers, according to Willis Re, the reinsurance arm of broker Willis Group.
Flagstone Re announces Validus EGM date
Luxembourg-domiciled Flagstone has announced a shareholder vote on an acquisition by Validus.
Personal injury specialist rebrands as Pudsey Legal after being given ABS status
Leeds-based personal injury specialist Kayes Solicitors has revealed that as of 1 November it will become one of the first alternative business structures in Yorkshire.
NFU launches "multimillion pound" paperless drive
NFU Mutual is seeking to streamline claims management by eliminating paper systems.
E-Underwriting signs up to web platform
Gallagher-owned E-Underwriting has signed up to Keelan Westall's web-based Dynamic platform for residential property risks.
Guernsey hails growth in insurance licences
The Guernsey Financial Services Commission has licensed 107 new international insurers in the past 12 months, according to figures from the Guernsey financial services regulator.
Western sanctions threaten to halt Iran's shipping industry
Western sanctions are jeopardising Iran's vital shipping industry, and the country's biggest cargo carrier will face serious problems if the pressure continues, according to the head of the Islamic Republic of Iran Shipping Lines.
UK regulator allows more time for Solvency II implementation
The Financial Services Authority has given insurers more time to get ready for Solvency II, anticipating that disagreements over the final rules could delay its introduction by two years.
ProSight hires ex-Travelers boss Cusition as syndicate underwriter
ProSight Specialty Underwriters has appointed Paul Cusition, former global head of professional indemnity at ANV, as active underwriter of Syndicate 1110 at Lloyd’s.
United India appoints Kharat as chairman and MD
United India Insurance Company has appointed Milind Kharat as chairman and managing director.
Young female driver premiums fall ahead of ECJ directive
The average motor premium for young drivers has fallen slightly, while the gap between motor premiums for young male and female drivers is narrowing, according to the AA.
Giles names Dickson as MD for the south of England
The latest in a long line of recent managerial recruitments has seen Giles appoint Paul Dickson as regional managing director for the south of England.
Household premiums rise following summer washout
Average insurance quotes for home buildings and contents cover have risen following heavy rain and flooding in the summer, according to the AA's latest insurance premium index.