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Insurance
Insurers need to focus on improving the efficacy of current products before effective innovation of new products can be obtained says Chris McGloin, president of Airmic, the UK risk and insurance management association. 24 March 2014
Insurance
Germany’s third biggest insurer Talanx reported strong financial results for 2013, but it expects 2014 profits to fall due to larger claims. 24 March 2014
Insurance
Lloyd’s of London has backed a proposed initiative to foster a common ice regime in the Arctic that would support the Polar Code and improve safety standards. 24 March 2014
Insurance
Insurer ACE has appointed a business development manager for Birmingham and the East Midlands, as it continues to expand its servicing capabilities throughout the UK. 24 March 2014
Insurance
The unrealistic and unnecessarily ambitious timetables set around the implementation of some global regulatory regimes with profound consequences for insurers risk hindering the industry’s ability to support the ambitious economic growth targets agreed last month by G20 finance ministers. 21 March 2014
Insurance
The financial services industry in the UK must improve policies and procedures designed to prevent bribery, according to the British Standards Institution (BSI), commenting following the fine issued to broker Besso by the Financial Conduct Authority (FCA). 21 March 2014
Insurance
In response to growing levels of business travel, AIG has launched a product that covers the policyholder for everything from lost baggage to incidents of terrorism. 21 March 2014
News
JLT Towers Re has appointed Bart Zanelli, formerly of Guy Carpenter GC Securities, as head of advisory for North America. 21 March 2014
Insurance
Talbot Underwriting’s Syndicate 1183 posted a record profit in its 2013 results while its chief executive promised a year of international expansion for business, which is a subsidiary of Validus Holdings. 21 March 2014
News
Munich Re has said it expects its profits to decline this year due to growing competition in reinsurance, changes in demand from insurers and the ongoing low interest rate environment. 20 March 2014
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