Claims
Merlin director Russell Crewe joins Direct Group
Former Merlin director Russell Crewe has joined Yorkshire-based insurance solutions provider Direct Group seven months after LAS Claims stated he would be joining its team in 2013.
Thai officials confident of securing reinsurance for £1bn flood fund to meet demand
The Thai Office of the Insurance Commission is to seek extra reinsurance from international players to meet demand for the state-owned natural catastrophe fund.
Chinese financial institutions need to improve risk management
Competition in the industry and a more complex financial environment now outweigh regulatory factors as key considerations for risk management at large financial institutions in China, according to a survey.
QBE Europe teams up with Autoglass
QBE Europe has signed a deal with Autoglass for its core glass services.
QBE teams up with Autoglass for repair and replacement
QBE Europe has appointed Autoglass as preferred supplier for its core glass services.
Groupama achieves record 20% rise in profits for H1
Groupama has recorded a 20% rise in profits before tax for the first six months of 2012 to £22.2m.
Italy's drought crop damage close to $1bn
Italian farmers have suffered nearly €1bn ($1.23bn) in crop damage from drought, according to farm industry organisation Confagricoltura.
Top five Asian news stories
The top five Asian stories from www.insuranceinsight.com over the past seven days.
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.
Drop in profit for Bahrain Kuwait Insurance Co after increased motor claims
Bahrain Kuwait Insurance Company has posted net profit of BD1.5m ($3.9m) for the quarter ended 30 June 2012 (2011: BD 2.6m).
Haikui causes $230m of insured damage in China
Damage from Typhoon Haikui, which hit China last week, has been assessed at ¥1.046bn ($230m).
Inter Resolve teams up with Aquarium Software on claims management
London-based insurance mediation business Inter Resolve has signed up insurance claims management solutions firm Aquarium Software to help improve its claims handling processes.
SAMA 'extremely helpful' for foreign investors in Saudi, says Charles Taylor
The Saudi Arabian Monetary Association was "very positive" and "extremely helpful" when approached about a foreign adjuster looking to invest in the kingdom, according to Joe McMahon, chairman of Charles Taylor Adjusting.
Cash settlements: Morally wrong?
The morality of cash payments to tradesmen came to the fore again last month, but what does it mean for the insurance industry? MA Assist's Paul Hayman talks to Post.
Merlin makes 200 redundancies
Merlin Claims is to make 200 people redundant after going into administration this week.
Indian PMI insurer Apollo Munich Health aims for profit in 2013
Indian health insurer Apollo Munich Health Insurance has recorded gross written premiums of Rs 475.9 crore and aims to turn a profit next year.
Cyber Risk Insurance Forum sets focus in inaugural meeting
The Cyber Risk Insurance Forum, established to develop a security framework for companies taking out cyber insurance, has held its inaugural meeting, expanding its membership and developing two lines of focus for its on-going campaign.
Swiss Re's Q2 results hit by sale of Admin Re at a loss
Swiss Re has reported net profit of $83m for the second quarter of 2012 as the result of the sale of the Admin Re US business at a loss of $1bn.
Philippine Stock Exchange closes as country sees 11 days of monsoonal rains
The Philippines has seen 11 consecutive days of monsoonal rains, exacerbated by passing tropical cyclones, which has led to flooding in the capital of Manila and surrounding provinces of the island of Luzon.
Charles Taylor acquires Saudi loss adjusting business
Charles Taylor has made a strategic move to grow its loss adjusting business across the Middle East by acquiring a majority stake in Noble Inspection and Loss Adjustment Company, a licensed loss adjuster based in Saudi Arabia.
Charles Taylor buys majority stake in Saudi Arabian loss adjuster
Charles Taylor has acquired a majority stake in the Noble Inspection and Loss Adjustment Company in a bid to develop its Middle East footprint.
Merlin Claims goes into administration
Merlin Claims has gone into administration today just two months after denying that it was in trouble.
Wunelli launches driving simulator app
Telematics insurance business Wunelli has launched a smartphone safe driving simulator app which allows young motorists to test their driving skills and determine whether they can save on car insurance.
XL underwriting returns to profit
XL's property and casualty business has reported a rise in gross written premium in the first six months of the year to $4.08bn compared with $3.86bn in the same period in 2011.