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UK industry bodies slam CMA credit hire inaction
The Lloyd's Market Association (LMA) and the Association of British Insurers (ABI) have criticised the UK Competition Market Authority (CMA)'s report into private motor insurance for failing to tackle the unnecessary costs caused by credit hire
24 September 2014
Amtrak sues insurers for $500mn+ in Sandy losses
The US state-funded rail operator Amtrak has sued a number of its insurers for failing to fully pay an estimated $504mn in losses from Superstorm Sandy
24 September 2014
Regan joins QBE board
Pat Regan, who joined QBE as CFO in June, has been made an executive director on the Australian group's board, the insurer confirmed today (24 September)
24 September 2014
CMA swerves UK car replacement recommendation
The UK's Competition Market Authority (CMA) has declared that there is "no effective and proportionate" remedy to prevent insurers of at-fault drivers paying over the odds for replacement vehicles for non-fault claimants
24 September 2014
Pyrke appointed deputy SEO, Middle East at RFIB
RFIB has promoted Martin Pyrke to deputy senior executive officer (SEO), Middle East, the independent Lloyd's (re)insurance broker announced today (24 September)
24 September 2014
DCG Iris shares suspended ahead of wind-up
The UK Financial Conduct Authority has temporarily suspended trading of DCG Iris shares on the London Stock Exchange as the company prepares to voluntarily wind up at the start of October.
24 September 2014
PartnerRe co-launches African crop reinsurer Mamda Re
PartnerRe is forming a dedicated African crop reinsurance company with Moroccan insurer Mamda and French reinsurer MCR
24 September 2014
Global Reinsurance Forum backs public sector collaboration
Governments should play a bigger role in mitigating catastrophe risk by pooling it to reinsurers, industry lobby group the Global Reinsurance Forum (GRF) has warned.
23 September 2014
‘Dissent’ building among P&I clubs: Tysers
There has been "dissent among the ranks" of protection and indemnity (P&I) clubs within the International Group (IG) in 2013/14, according to a sector report from independent Lloyd's broker Tysers
23 September 2014
AM Best places Gulf Re on negative review
AM Best has placed the ratings of Gulf Re, the Dubai-based reinsurer backed by Arch Capital Group, under review with negative implications due to weak technical performance following four years of technical losses
23 September 2014
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