Articles by Chinwe Akomah
America and Asia battle series of earthquakes
Several earthquakes hit California, the Florida Keys, Japan and China over the Bank Holiday weekend.
DLG revamps claims management system
Direct Line Group has taken another step towards revamping its claims business by launching the next phase in its end-to-end claims management system.
IAG maintains silence on UK business sale
Insurance Australia Group has stressed that writing off its remaining goodwill and intangible assets in the UK business is not necessarily a sign that it will sell that division.
Lorega chairman Harvey sails off into the sunset after 25 years
The chairman and director of the Lorega, Malcolm Harvey, pictured, has retired.
IT experts target six MGAs with new ‘shrink wrapped’ underwriting service
Insurance IT specialist Salmon has launched a new end-to-end underwriting service for managing general agent start-ups in a bid to make writing risk less “labour intensive”.
Transactor to go live with new broker telematics offering
Insurance software specialist Transactor has teamed up with broker Carrot Car Insurance to produce a new personal lines telematics offering.
Laptops and televisions top the bill for most fraudulently claimed items
Bogus claims for lost, stolen or damaged iPhones have risen by 100 fold over the past two years, according to VFM Services.
Ecclesiastical introduces rate rises after £14m underwriting loss
Church insurer Ecclesiastical plans to put up motor and household rates by up to 15% after posting a half year underwriting loss of £14.4m, which was more than double the £6m it was last year.
Transactor ramps up claims management software
Insurance software provider Transactor Global Solutions has unveiled a number of new features to its claims management software having completed a review and rewrite of the product.
IAG sheds $300m assets ahead of potential UK business sale
Insurance Australia Group has written off AUD$297m (£196.6m) remaining goodwill and intangible assets associated with the UK business just months before it decides whether to sell its loss-making divisions.
Groupama to underwrite 10 000 free home insurance policies
Groupama is underwriting 10 000 home insurance policies for residents of a south east England housing association.
BGL employee engagement smashes targets
BGL Group’s most recent staff survey is said to have exceeded the target set for employee engagement, with 88% stating they felt part of a team.
Saga bolsters home insurance product to cover students
Specialist insurer Saga has unveiled a new add-on product whereby policyholder parents can extend their home insurance to cover their children’s assets, saving almost £100.
Flagstone Re finalises £32m sale of Lloyd's business
Flagstone Reinsurance has completed the sale of its Lloyd’s segment to a wholly-owned subsidiary of ANV Holdings BV for approximately £31.7m ($49.7m) in cash.
Insurance insolvency rates fall by 86%
Just five insurance firms were insolvent in July this year compared to 452 in business services, according to new research.
Chaucer appoints new cargo class underwriter
Specialist Lloyd’s insurer Chaucer has appointed Geoff Wilkinson, pictured, to cargo class underwriter in the marine division of Chaucer Syndicate 1084.
Questgates hires ex-Merlin staff for regional roles
Loss adjuster Questgates has recruited two members of Merlin’s Scottish based team in order to expand its presence in the country, including the establishment of a new regional office.
Open GI boosts protection against credit card fraud
IT solutions provider Open GI has enhanced its card payment solution, CreditLine Plus, to incorporate additional fraud prevention measures to validate card details and verify the cardholder’s billing address.
Aon Benfield and Ambiental join forces on flood mapping
Aon Benfield has teamed up with Ambiental to enhance the firm’s flood model development capabilities.
Travelers snaps up Chartis boss for legal role
Travelers has appointed John Abramson to head of legal and compliance for its European businesses.
Sutton Winson recruits ex-Towergate account director
Insurance broker Sutton Winson has appointed Steve Barber, pictured, to commercial client account executive, based in Burgess Hill.
Welsh police crackdown on metal theft
Police in Gwent have arrested 862 people in connection with metal theft offences in the past 16 months- as the ongoing countrywide effort to crack down on the crime gathers pace.
Regional broker buys could boost Oval headcount by 200
Oval's plan to acquire insurance brokers in the next two years could add up to 200 more people to its 24-strong regional office network.
QBE records 26% increase in insurance profit in H1 2012
QBE Insurance Group made an insurance profit of $965m for the first half of the year ended June 2012, an increase of $203m on 2011.