Commercial
Ace boss Greenberg hails "growing presence" in Asia and Europe
Ace has reported a 76% increase in net income to $2.71bn (£1.72bn) in 2012 compared to the previous year (2011: $1.54bn).
Challenges and opportunities abound in 2013
Against the backdrop of a challenging economic climate and continued uncertainty over both the timescales for implementation of European regulation and varied national approaches to the adoption of it, European insurers face a number of critical…
Like the drugs trade, Cybercrime is not just a US issue
Last year, according to the Norton Cybercrime Report, global cybercrime cost an estimated $388bn. That's $100bn more than the cost of the global black market for marijuana, cocaine and heroin combined. And just like the world's drugs trade, cybercrime is…
EMEA commercial market to remain stable in 2013
The insurance market across Europe, the Middle East and Africa is expected to remain broadly stable in 2013, according to Marsh's Insurance Market Report 2013.
AIG acquires HSBC's French GI arm and extends Turkish footprint
AIG has entered a 10-year bancassurance agreement with HSBC Group to become the exclusive provider of non-life insurance products to the bank's customers in Turkey and France.
NIG updates e-trading platform with launch of 'The Hub'
Commercial insurer NIG has launched a full-cycle e-trading platform for commercial brokers, following recent investment in technology.
Aspen launches ‘plain English’ goods-in-trade policy
Aspen Risk Management has launched a worldwide goods-in-transit policy, which it claims has been written in ‘plain English’.
Towergate ties-up trio of acquisitions
Towergate has taken its total number of acquisitions so far in 2013 to three.
View from the top: This eternal quest is fruitless
Commoditisation has become something of a holy grail in the insurance market over the past decade. The shift from competition based on product and service feature differentiation, as well as perceived value, to one of undifferentiated price comparison…
Market moves: Busy week for insurers sees sector take on seven new recruits
Following a week of broker domination in recruitment, insurers have battled back in a big way with no fewer than seven headline hires at companies ranging from agricultural insurer Rural to Lloyd's syndicate Aegis London.
Revenues rise 42% at Hyperion
Hyperion has seen total group revenues reach £111m for the year ending 30 September 2012, up 42% from last year's equivalent of £78m.
Groupama extends range of small fleet product
Groupama Insurances has extended the range of its Optima Small Fleet product, making it available for well-managed small fleets of up to 25 vehicles.
DWF merges with Fishburns
Business law firm DWF and professional indemnity practice Fishburns will merge on 1 February.
Acturis launches free reporting dashboard for brokers
Insurance technology provider offers software that analyses the causes of business performance problems.
AIG on-risk for helicopter crash as Crawford investigates
Crawford & Company will handle claims arising from the fatal helicopter crash in south west London this morning.
Cooper Gay completes Lightyear deal
Cooper Gay Swett & Crawford has confirmed that its investment agreement with Lightyear Capital has completed.
Costa Concordia one year on: Sea change
A year after the Costa Concordia disaster the insurance market is still picking up the pieces, but what will be the long-term impact?
RSA unveils commercial crime protection policy
RSA has launched a commercial crime protection policy which provides insurance for businesses against fraud, dishonesty or malicious acts.
Rural ramps up underwriting team with ex-Aviva hire
Former Aviva commercial underwriter Simon Dixon has joined Rural Insurance's underwriting team as the first of four development underwriters the firm plans to recruit this year.
Zurich stresses importance of supply chain management
Organisations need to better understand the increasing complexity of their supply chain and evaluate the related risk exposures, according to Zurich.
Ace hires Achmea's P&C manager
Ace Group has hired Benoît Chasseguet as marine manager for Continental Europe, including the Central and Eastern European region.
Ex-Chubb manager Wozniak joins Bluefin
Jon Wozniak has joined Bluefin Solutions as business development director.
Ex-Aon MD Martin to lead Willis UK
David Martin, former managing director of Aon's UK corporate business, has been appointed chairman and chief executive of Willis' UK retail business.
Keelan Westall founder recruits former employee for new venture
A former Keelan Westall team leader has rejoined her ex-boss Alan Westall at his Property Insurance Initiatives venture.