United Kingdom (UK)
UK leads Europe for PI cover
The UK has the largest market for professional indemnity insurance in Europe according to research by Finaccord.
Government reveals details of insurance growth plan
The government has released the details of its insurance growth action plan, following months of talks with a variety of industry bodies.
Investigation underway into Scotland helicopter crash
At least nine people are known to have died after a police helicopter crashed into the roof of The Clutha pub in Glasgow, Scotland on Friday night.
Former Lloyd’s exec Langley to head UK Financial Services Investment Organisation
Sue Langley, a former executive director of both Lloyd’s and Hiscox, has been named as the head of UK Trade and Investment’s Financial Services Investment Organisation.
Allianz unveils BMI-backed UK consultant booking service
Allianz Worldwide Care has launched a new service to allow UK members to directly book an initial appointment with a consultant.
Ferma 2013: 'Twin peaks' regulation questioned by ex-EC Solvency II head
The former head of Solvency II at the European Commission has called into question the creation of the UK’s ‘twin peaks’ regulatory system for matters relating to the insurance industry.
UKIP unveils visa insurance policy
UKIP plans visa insurance to curb 'health tourism' The UK Independence Party has called for migrants from outside the EU to be required to provide evidence of medical insurance before entering the UK.
Spain and Italy most interested in telematics
A majority of drivers in the six largest motor insurance markets in Europe have indicated they are willing to embrace telematics-based products, according to research by Towers Watson.
R&Q posts stable H1 results despite falling investment returns
Randall & Quilter posted total group income of £26.2m for the first half of 2013 (H1 2012: £25.3m) as it continued its transition from run-off specialist to participant in the active market.
Liberty Mutual Insurance expands commercial casualty team
Liberty Mutual Insurance has expanded commercial casualty team with two new appointments.
MAST develops marine framework for unexploded ordnance
Marine security company, Maritime Asset Security and Training, has partnered the construction industry research and information association to develop a risk management framework for unexploded ordnance in the near-shore and offshore environment.
FCA puts competition at the heart of new regime
Ensuring that there is effective competition in financial services markets is the most significant change to the Financial Conduct Authority’s new regulatory regime, chief executive Martin Wheatley said today.
Markel's UK retail head to lead European retail claims
Markel International has promoted Mike Richardson to the position of European retail claims manager.
Direct Group to create 200 jobs following office relocation
Direct Group will create 200 new jobs in Doncaster following the opening of a new purpose-built head office in the town.
Hiscox extends overseas home insurance cover
Global insurer Hiscox has extended the coverage available for UK private clients with overseas homes.
Coface downgrades Eurozone GDP after Germany concerns
Economists at cred insurer Coface, are downgrading their GDP growth forecast for the Eurozone, reflecting concern about Germany, the largest EU economy.
Gibraltar "not complacent” about insurer collapses
The regulation of Gibraltar’s insurance sector is “strong and robust” according to Mike Ashton, senior executive in the government's finance department.
Airmic 2013: British risk managers urged to engage with Ferma
Airmic members should work more closely with the Federation of European Risk Managers, board member Julia Graham said today.
Covéa reshuffles UK commercial lines team
Covéa Insurance- the UK underwriting business of French mutual insurer Covéa- has reshuffled its commercial lines team.
Allianz rebrands Your Cover in bid for greater UK recognition
German insurance giant Allianz has launched a brand building campaign in a bid to make Allianz a household name in the UK.
Insurance can support economic development in MENA region says Zurich
Insurance can promote economic development, create jobs and boost trade across the Middle East and North Africa region, a new report by Zurich has claimed.
Barbican's PI arm appoints underwriting manager
Professional Indemnity Protect part of Barbican Group Holdings, has appointed Denise Mercer as underwriting manager.
Solvency II deal is "on the table" says MEP
The European Union is close to reaching a consensus on the oft delayed Solvency II regulations, according to a member of the European Parliament.
P&I Club anticipates "most expensive year" for International Group pool
The London P&I Club’s result for the 2012/2013 financial year was a surplus across all classes of $9.4m, increasing the free reserve to $154m.