04 July 2011
The UK’s new financial services regulator will be tougher and bolder and will intervene earlier to prevent dodgy financial practices and products being sold to consumers…
04 July 2011
JLT Group PLC is continuing its expansion into Latin America, buying a majority shareholding in Chile’s fourth-largest broker…
04 July 2011
Axa UK will no longer accept payments from personal injury lawyers for policyholders’ details, as the country’s Information Commission launches an investigation into whether the so-called…
04 July 2011
UK life insurers and advisers are facing a much more aggressive regulator that is setting an agenda to “fix the industry”, according to local risk profiling expert Paul Resnik…
04 July 2011
The Japanese insurance industry has so far paid out more than ¥1 trillion ($11.5 billion) in settling claims from the earthquake and tsunami that occurred on March 11…
04 July 2011
Risk Management Solutions says a new typhoon model for China and Hong Kong provides significant advances in quantifying flood risk…
27 June 2011
Participants at the International Insurance Society’s annual seminar in Toronto last week see competitive pricing and adequate profitability as the top global issue facing both the life and general…
27 June 2011
British insurance executives believe the industry’s greatest strength is its ability to help customers when they need it, but say its greatest weakness is a poor reputation…
27 June 2011
The UK insurance industry has been given an insight into its future regulation with the release of a paper on how new regulatory body, the Prudential Regulation Authority, will approach…
27 June 2011
Aon Benfield has estimated this year’s record-breaking tornado season and severe weather in the US have caused $US15.5 billion ($14.8 billion) of insured losses, three times the average rate…
27 June 2011
US officials believe the insurance industry needs to re-enter the Federal Government’s troubled National Flood Insurance Program to ensure its continuance…
27 June 2011
The UK Government has released its new Justice Bill, which contains measures to scale back “no win, no fee” legal arrangements which have contributed to rising motor insurance costs…
27 June 2011
Underwriting losses for the US property and casualty industry continued to mount in the first quarter of 2011, new statistics show…
27 June 2011
Aviva has announced the sale of RAC, the second largest roadside assistance provider in the UK, to global asset manager the Carlyle Group for £1 billion ($1.5 billion) in a bid to strengthen its…
27 June 2011
India’s Insurance Regulatory Development Authority is proposing to make greater use of the country’s 80,000 banks as part of sweeping changes to increase insurance penetration across the country…
20 June 2011
The British Insurance Brokers’ Association has petitioned the UK Government with the signatures of nearly 7000 of its members to accelerate its review of the UK’s Financial Services Compensation…
20 June 2011
A new “golden age” for insurance beckons as growing middle classes in developing nations seek to protect their wealth, according to Willis Group Chairman and CEO Joe Plumeri…
20 June 2011
Aviva has relaunched its fleet telematics products in the UK, allowing companies to use their existing in-car technology and avoid having to invest in additional equipment…
20 June 2011
A new survey into commercial lines insurance pricing in the US indicates the market is showing some signs of an upswing…
20 June 2011
The Chartered Insurance Institute wants the UK Government to focus on culture as well as compliance when regulating its financial services sector…