Commercial
Poole-based broker Alan & Thomas snaps up aviation specialist
Alan & Thomas Insurance Group has acquired specialist aviation, SME and personal insurance broker Emery Little.
Mitsui posts £12m profit
Mitsui Sumitomo holding company MSI Corporate Capital has reported a pre-tax profit of £11.99m, up from a £17.77m loss restated.
XL aims for 'nimble' business with restructure of International casualty unit
XL Group has restructured its International Primary Casualty business into four teams to be more nimble.
GWP of global non-life insurance to reach $2,500bn by 2017
The global non-life insurance industry saw moderate growth during 2006-2011 and the growth momentum is expected to continue, reaching an estimated $2,500bn in 2017 with a CAGR of 4.2% over the next five years, according to Lucintel.
Lloyd's Lonmar sells MediCare to April
Lloyd's broker Lonmar Global Risk has agreed terms for the sale of its MediCare International subsidiary to French firm April.
Uniqa exits Germany as Continentale aquires Mannheimer
The Continentale insurance group has signed an agreement to acquire 92% of the shares of Mannheimer AG Holding from Austrian firm Uniqa.
Insurance Insight – top 10 stories
The top 10 most popular articles published on insuranceinsight.eu over the past seven days.
BAFSA report calls for government rethink on high-rise sprinklers
The British Automatic Fire Sprinkler Association has hit back at a government report describing the installation of sprinklers in high-rise flats as "not practical" by producing a 'safer high-rise living' guide to support its call for change.
Red 24 to brief CNA clients on kidnap risk
US commercial insurer CNA has appointed crisis response firm Red 24 to provide advice and response for kidnap, ransom and extortion.
Insurer hails first ABI metal theft meeting a success
The Association of British Insurers and its members have held the first metal theft working group in a bid to find solutions to the escalating crime.
A century after the Titanic sank, human error remains marine insurers’ biggest foe
The Titanic disaster left over 1500 dead and the industry facing a record payout.
QBE move for Brit secures broker backing as deal doubles regional GWP
Acquiring Brit UK's renewal rights is Australian insurer QBE's biggest UK deal in more than 10 years, and signifies its commitment to becoming a major player in the regional broker market insuring SMEs.
Bonuses take a bash but salaries for the top industry jobs continue to rise
Total salaries for insurance chief executives increased across the board, according to insurers’ annual reports for the year ending 2011, despite a drop in total remuneration.
In series Competitive edge: A ring of steel to combat fraud
Insurers must have systems in place to prevent fraud, but many have taken this to a higher level and are gaining a competitive edge over their peers.
Glad to be a loss adjuster: Interview with Crawford CEO Greg Gladwell
To give Crawford & Company an advantage over its competition, chief executive Greg Gladwell is harking back to the glory days of loss adjusting, playing up its heritage and his own insurer pedigree
Brands and rebranding: What's in a name?
Many insurance firms overhaul their brands, but what impact does it have on their business?
Hyperion defends move to sell majority stake in CFC Underwriting
Hyperion chief executive David Howden has denied speculation that the sale of the firm’s majority stake in CFC Underwriting could signal a greater focus on the broking arm of its business.
Editor's comment: Fleeing the family nest
This week’s deal developments read like two coming-of-age literary fables written to reward hard work and endeavour, while also serving as cautionary tales against potential fallout from familial difficulties in modern times.
Insurance Insight – top 10 stories
The top 10 most popular articles published on insuranceinsight.eu over the past seven days.
Indian regulator asked to help fix 'suicidal competition'
Indian Finance Minister Pranab Mukherjee has directed the Insurance Regulatory and Development Authority to suitably address the 'suicidal competition' among insurers as undercutting each other by offering policies at low premiums for a bigger market…
Insurers and brokers challenged to join Prince's Trust charity bike ride
The Prince's Trust is calling on insurance companies to help tackle youth unemployment by taking part in the charity's fundraising bike ride, Palace to Palace.
Market moves: Insurers lead Easter recruitment charge
As the industry heads into the Easter break, insurers are, once again, leading the way in the recruitment space.
In Series Competitive Edge: Size isn't everything in underwriting
In the cut-throat property market, the agility of smaller insurers can give them an edge over their larger rivals when underwriting.
Your say: uncovering dishonest drivers
It is no secret that a large quantity of drivers who have not recently claimed, and whose circumstances have not changed, are nonetheless paying increased insurance premiums.