Insurer
Alarm and RSA 'welcome' CoA revised damages uplift judgment
Risk management body Alarm has welcomed the outcome of today's Court of Appeal decision to reverse the initial 10% damages uplift judgment for conditional fee arrangement funded claimants.
Claims 2012: ABI brands Riot Damages Act "inadequate"
Last year's riots in England demonstrated the need for radical reform of the Riot Damages Act, according to Aidan Kerr, head of property insurance at the Association of British Insurers.
Allianz appoints UK marine hull and liability head
Allianz Global Corporate & Specialty has appointed Chris Turberville as head of marine hull and liability UK.
AGCS names head of marine hull and liability
Allianz Global Corporate & Specialty has appointed Chris Turberville as head of marine hull and liability UK.
Revised uplift judgment sparks impassioned responses from ABI and APIL
The Court of Appeal decision to revise its initial judgment relating to a 10% uplift in general damages has drawn contrasting responses from two of the key stakeholders from the hearing.
Argenta recruits marine underwriter for Syndicate 2121
Argenta Syndicate, a subsidiary of Argenta Holdings, has appointed Vincent Leonardi to marine underwriter at Argenta Syndicate 2121.
Simple economic capital models could avert financial crisis
The insurance industry needs more dynamic economic capital models if it is to avoid suffering some of the problems exposed during the financial crisis four years ago.
Sheilas' Wheels unveils gender-neutral pricing strategy
Female-focused car insurer Sheilas' Wheels has outlined its plans to implement the European Gender Directive, which comes into force on 21 December.
Allianz Legal Protection extends BMW affinity deal to motorcycle brand
Allianz Legal Protection has become the legal expenses provider for BMW’s motorcycle brand BMW Motorrad, in an affinity arrangement through specialist motorcycle broker Devitt Insurance Services.
RK Harrison unveils professional indemnity cover for art sector
R K Harrison Insurance Services has developed a professional indemnity insurance policy for art market professionals.
Homeowners expose themselves to unpaid claims, report finds
Almost 60% of homeowners still expect their insurer to pay out for any weather-related damage to their home, no matter what its state of repair, Axa's winter claims research has revealed.
Groupama parent downgrade "irrelevant" to UK insurer
Groupama Insurances's chief executive has said that a revision of the security rating of its France-based parent Groupama Group has "no relevance" on the UK insurance operation.
Autonet welcomes new motor dealer to affiliate network
Van insurance broker Autonet has unveiled a new affiliate partner collaboration in a deal that will see Perrys Group join the firm's networking scheme.
DLG shares attract surge in interest
Stockbrokers have reported a surge in interest in Direct Line Group shares ahead of its flotation tomorrow.
Quindell acquires software provider Metaskil
Outsourcing firm Quindell has this morning confirmed the acquisition of Metaskil, a specialist solutions provider to the insurance industry.
Global insurance federation vows advocacy role
Thirty-one insurance associations representing 87% of the worldwide insurance business formally established the Global Federation of Insurance Associations today.
Manulife Maylaysia appoints new CEO
Manulife Insurance Berhad (Manulife Malaysia) has appointed George Chew as chief executive.
Torrance backs clarity over burglar confrontation
Chris Grayling, pictured, plans to change the law to ensure householders who "over-react" when confronted by burglars will not face prosecution.
Indian FDI progresses, but hurdles remain
Insurers hailing the Indian cabinet's approval of a bill raising the foreign direct investment limit in insurers to 49% may be celebrating prematurely, as opposition parties could still block the bill's passage through parliament.
Italy's GI sector weathers major changes
Legislative changes, industry consolidation and on-going economic difficulties are changing the landscape of Italy's general insurance market, according to AM Best.
FATCA approach provides certainty, says Guernsey Finance
Guernsey Finance has welcomed the announcement from the island's government that it is seeking to negotiate a partnership agreement with the US to implement the Foreign Account Tax Compliance Act.
Barclays acquires ING Direct UK
Dutch bank and insurer ING has sold its UK savings and mortgage business to Barclays, generating an expected loss after tax of €320m.
Gerlach joins Uniqa's Romanian board
The Romanian subsidiary of Uniqa, Uniqa Asigurari de Viataum, has appointed Wolf-Christoph Gerlach to the new position of chief operating officer.
Large power industry claims on upward annual curve, says Marsh
The number of claims above $25m (£15.6m) emanating from the global power industry continues to rise annually, according to a Marsh report published today.