Bermuda-headquartered specialty (re)insurer Axis has reached an agreement to buy Brussels and Amsterdam based (re)insurer Aviabel.
Aviabel is over 80 years old and controls €50m (£43m) of European insurance and reinsurance gross written premium covering airlines, airports, pilots, crews and aerospace manufacturers. Axis, which...
RSA made more than 900 redundancies last year and plans to make an additional £50m in cost savings.
Information gathered from blackbox telematics has been used successfully to reveal a dishonest customer claim involving a hire vehicle.
More jobs could be lost as a result of the government's whiplash reforms than were lost in the South Wales steel industry last year, Access to Justice told Post.
The expected discount rate reduction has shaved off £10m of profit from motor insurer ERS.