Articles by Chinwe Akomah
APC launches professional indemnity offering
Commercial insurance underwriting agency APC has moved into the professional indemnity market, launching its first product to protect mortgage and finance intermediaries.
JLT sells 20% stake in South African unit to investment management company
JLT has sold a 20% stake in its JLT South Africa subsidiary to Thebe Investment Corporation for £164 842 as part of a strategic long-term agreement between the businesses.
Tenth of Brits cancel insurance to save money
One in 10 Britons have cancelled insurance policies in the past 12 months to save money.
Sidley Austin advises Munich Re on £300m longevity risk deal
Law firm Sidley Austin has advised Munich Re on its assumption through reinsurance of £300m of longevity risk from Pension Insurance Corporation.
Canopius promotes Bradley to UK retail COO
Canopius has promoted Richard Bradley, pictured, to chief operating officer for its UK retail business unit.
Novae calls time on engineering and motor reinsurance
Novae is to replace 12 of the 17 Zurich-based reinsurance underwriters who exited the business earlier this year, conceding that the Swiss operation was "overstaffed".
Novae investors relieved as reinsurance team is rebuilt
Novae's swift move to rebuild its reinsurance underwriting team in Zurich following the resignation of chief executive Gunter Saacke, chief underwriting officer Will Schuerch and a number of underwriters suggests that the company remains committed to…
DLG's £40m summer flood loss offset by reserve releases
Direct Line Group has reported home weather claims costs of £40m, conceding that losses were worse than expected but offset by "signficant" releases from reserves held against prior year claims across the portfolio.
LAS forms UK major loss team
LAS Claims is to create a UK-wide major loss team to spearhead business growth and enhance the range of services offered to insurer clients.
JLT and Aviva team up on professional indemnity service
JLT Specialty has launched a two to three partner professional indemnity insurance service through an exclusive new arrangement with Aviva.
Randall & Quilter to launch Lloyd's Syndicate 1991
Randall & Quilter Investment Holding's managing agent RQMA has been given approval "in principle" by the Lloyd’s Franchise Board to form Syndicate 1991.
Junction to use brand loyalty to improve quote accuracy
Affinity provider Junction is rolling out a new project that will use customer data held by its partner brands to provide more accurate insurance quotes.
Buckley Scott raids Groupama and Cunningham Lindsey for new hires
Loss adjuster Buckley Scott has made a string of appointments at its London and regional offices.
Stobart Group to launch insurance broking arm
Logistics company Stobart Group is to launch an insurance broking arm following the success of its legal services business.
Russia and Romania travel insurance markets thrive in economic crisis
Travel insurance in Russia, Romania and Turkey boomed between 2008 and 2012, despite the Eurozone crisis, while the UK and Ireland saw foreign travel decline, new research has revealed.
Financial advisor caught cheating in CII exam
A financial advisor will not be allowed to sit any Chartered Insurance Institute exams for two years after he was caught cheating in May.
Mitsui employee Yoshie Ueno scoops judo bronze at London Olympics
Mitsui Sumitomo Insurance employee and sporting champion Yoshie Ueno won bronze medal in the women's under 63kg judo competition yesterday at the London 2012 Olympics.
€1.7bn Quinn Insurance administration costs is 'shocking', says High Court president
Justice Nicholas Kearnes has described the €1.65bn administration costs for Quinn Insurance as "truly shocking".
RSA recruits Cofunds boss for distribution role
RSA has confirmed that Cofunds head of commercial Russell Lancaster will join as distribution director for the UK commercial business in early September.
Xchanging operating profit hits £14m, but results fall below expectations
Insurance solutions provider Xchanging posted a statutory operating profit of £14m for the first six months of 2012, representing an increase of £10.8m on last year.
MIB boss slams Arsenal striker for driving without insurance
The Motor Insurers' Bureau has warned drivers without insurance that there is nowhere to hide after Arsenal footballer Nicklas Bendtner was found guilty of the offence.
Insurance Europe pledges support for EU occupational systems study
Insurance Europe is backing plans by the European Insurance and Occupational Pensions Authority to carry out a thorough quantitative impact study on the review of the EU Institutions for Occupational Retirement Provision Directive.
Xchanging wins Tokio Millennium Re deal
Business process and technology services provider Xchanging has secured a contract to provide additional infrastructure services to global reinsurer Tokio Millennium Re (UK).
RSA Ireland teams up with Xactware on home insurance
RSA Insurance Ireland has adopted Xactware's claims management and assignment network, Xactanalysis, for its home insurance supply chain.