Insurer
M&A companies face 90% chance of being sued
There is a 90% chance that a company targeted for acquisition will be sued by its shareholders, yet few businesses document M&A protocols and do not plan to develop them over the next year.
Insurers starting to embrace change but still a way to go, says PwC
PwC's global insurance leader outlined what successful insurers of the future could look like, and discussed the forces re-shaping the insurance sector, when he spoke at the 2012 International Insurance Society Seminar in Rio de Janeiro today.
FSA kept budget spending down, annual report reveals
The Financial Services Authority deliberately underspent on its annual budget as it was “very conscious of the need to control costs, particularly given the difficult environment that firms are operating in”.
Three in four people encouraged to claim compensation
The Association of British Insurers said that a survey has shown that three in four people have received an unsolicited text or phone call from a claims management company offering the chance to claim compensation.
Streamlined Aviva approach to free up regional underwriting opportunities
Aviva will invest in its corporate specialty business capability while freeing up underwriters to concentrate on targeting mid-market opportunities, in line with the firm’s regional strategy.
Lloyd’s chief calls for Eurozone fiscal unity
Lloyd's of London chief executive Richard Ward has stressed the importance of fiscal unity throughout the Eurozone after Greece voted to remain in the euro.
Fitch affirms Rossiya ratings after restoration of motor licence
Fitch Ratings has affirmed OJSC Rossiya Insurance Company's insurer financial strength at 'B-' and national IFS rating at 'BB-' and removed them from rating watch negative.
MEPs urge eCall to be mandatory by 2015
All new cars must be fitted with eCall devices by 2015 to alert the rescue services automatically to road crashes through the public 112 emergency call system, say MEPs in a resolution adopted jointly by the Internal Market and Transport Committees.
Insurance industry almost as innovative as technology and entertainment sectors
Insurance ranks high in business model innovation just behind technology, communications and entertainment, according to a PwC survey.
Aviva regional strategy leads to UK cutbacks
Aviva staff across the UK are expected to be rocked by job cuts following news of the second wave of the firm's regional strategy.
BGL hires former financial crime boss for counter-fraud role
BGL has appointed Martin Croucher, pictured, as senior counter-fraud manager.
ADNIC expands in Abu Dhabi
Abu Dhabi National Insurance Company has opened its latest branch in Abu Dhabi. Located on Salam Street, it is fully operational from today and will cater for all customers’ needs in the Emirate and Western region.
Talanx may rethink July IPO owing to market volatility
German insurance group Talanx is thought to be considering postponing its initial public offering slated for July, as market volatility continues following Greece's election, Reuters reported.
Local insurers return to Thailand flood market
Local insurers in Thailand are increasing their appetite for flood risk and reducing their dependence on the government's Catastrophe Insurance Promotion Fund, according to the fund's chairman Payungsak Chartsuthipol.
FM Global launches free nat cat toolkit
Commercial property insurer FM Global has launched an online resource for natural hazard planning to help businesses prepare for and protect against the growing risk of catastrophes.
Claims management firm RiIG wins PPI contract
Resources in Insurance Group has signed a £750 000 deal with a financial institution to handle Payment Protection Insurance claims.
Zeidler joins Capita to focus on strategic growth
Capita's insurance services business has appointed Phil Zeidler as divisional corporate development director.
Cloutier: Double Brit deal better for shareholders
The sale of Brit Insurance to run-off specialist Riverstone, two months after QBE acquired its renewal rights, sets up Brit Group to focus on developing its specialist and reinsurance operation and marks the "last major piece of restructuring", according…
Ferma plans formal certificate for European risk managers
The Federation of European Risk Management Associations is taking the first steps towards a pan-European certificate of professional competence for risk managers.
New policy offers 'affordable' medical tourism
A new health insurance product claims to allow UK citizens to take advantage of the high-quality healthcare enjoyed by their European neighbours at significantly lower cost than most private medical insurance policies.
European insurers remain well capitalised, says Eiopa
The majority of European insurers are well capitalised in terms of current Solvency regulations, although Solvency capital ratios are starting to decrease slightly, according to the European Insurance and Occupational Pensions Authority.
Don't delay: 2012 Insurance Fraud Awards deadline approaching
With 2500 new fraudulent claims detected each week, and many more going undetected, the fight against fraud is still a top priority for the insurance industry.
Data deployment key to improving claims performance and cutting fraud
Smart technology and data deployment can improve claims performance and cut £2bn worth of fraud, according to the Insurance Claims Management report from Clear Path Analysis.
Equity offers new mini-fleet product
Equity Red Star has launched a solution for family run businesses and small enterprises operating fleets with two to 10 cars and/or commercial vehicles.