Irish insurer Setanta Insurance has launched a campaign to heighten awareness of the dangers of driving whilst under the influence of drugs. The campaign will create a series of four-minute films designed to highlight the horrific consequences of drug driving. Recent studies suggest as many as 20% have taken drugs, with the unsurprising statistic that [...]
Crawford & Company has announced that Brian Clark has been appointed to the post of chief operating officer for the Continental Europe, Middle East & Africa (CEMEA) region. He joined the firm two years ago, later becoming senior commercial manager for Europe, Middle East & Africa and Asia Pacific. Earlier in his career Clark worked [...]
Glacier Group has announced the appointment of Todd Hart as chief executive officer, with immediate effect. He was formerly a non-executive director on Glacier’s board, representing founding shareholder HBK Capital Management. Hart replaces Robbie Klaus, who has left the position of CEO but will remain with the firm as a consultant. Chairman Will Rose has [...]
New research from AXA shows that more than three in five (64%) of Britons plan to rely on the state membership as the membership of occupational pension schemes declines. The United Kingdom sits at the bottom of the G7 league for state pension provisions, and AXA has called for the structure of state and occupational [...]
AXA insurance has enjoyed a good night at the Auto Body Professionals (ABP) Club annual ‘Night of Knights’ awards ceremony, at which the firm was voted Insurer of Choice for its vehicle claims management. Efficiency has been greatly enhanced for AXA, repairers and customers by enacting a number of measures to improve interactions with the [...]
Aviva’s Child Health Solutions unit has launched a campaign to provide every school in the UK with an opportunity to receive school sports equipment. Triple Olympian and former Javelin world record holder, Steve Backley OBE, is promoting the initiative, which gives parent purchasing a Child Health Solutions policy £15 worth of vouchers. The child’s school [...]
The Association of British Insurers (ABI) has called on the Financial Services Authority (FSA) to “act quickly” to ensure the full benefits of the Retail Distribution Review (RDR) are secured. The regulator has plans to replace commission with adviser charging, and also intends to raise the professional standards of financial advisers. However, the ABI has [...]
Home insurance firms are set to lose £4 billion a year by 2035 on repairing flood water damage unless the industry takes the lead in creating a flood prevention strategy. Insurance companies should work with the Environment Agency and local authorities on putting flood prevention measures in place and making homes flood proof, Co-operative Financial [...]
The Committee of European Insurers and Occupational Pension Supervisors (CEIOPS) has announced it will run an EU-wide stress test “for large and important insurance groups”, in December 2009. The body says it will develop the exercise in close cooperation with industry representatives and aims to deliver its findings to EU ministers during the first quarter [...]
The European Court of Justice (ECJ) has ruled that Swiss Re is liable for €2 million in VAT on a portfolio transfer made from its German subsidiary to its Swiss-based operations, in 2002. The case, which was defended by German tax authorities, will have consequences for the sale of reinsurance contracts in the EU, the [...]
Royal Bank of Scotland’s (RBS) insurance businesses will almost certainly be sold off as the Government proceeds with plans to create three new High Street retail banking chains from the part nationalised RBS and Lloyds Banking Group, and the wholly state owned Northern Rock. Ministers are putting the final touches to the proposals which could [...]
