News
Hong Kong tops IPMI inflation at 12.7%
International private medical insurance premiums are rising at an average rate of 10.8% annually, according to a new report.
Zurich launches major UAE marketing campaign to raise GI profile
Zurich has launched a major new marketing campaign to support its suite of personal insurance products in the United Arab Emirates.
Knock-on effect of referral fee ban not an issue for Admiral CEO
Admiral chief executive Henry Engelhardt has brushed aside fears that future legislative changes relating to the ban on referral fees could take its toll on his firm's UK balance sheet.
TMNF has superior rating as key earning source for Tokio Marine
Tokio Marine and Nichido Fire (Japan) has had its financial strength rating affirmed at A++ (Superior) and issuer credit rating at aa+.
Helvetia increases shareholding in Nationale Suisse
The Helvetia Group has given notice to the Swiss Stock Exchange that Helvetia Beteiligungen AG has taken over a share package from Basler Kantonalbank in the Swiss National Insurance Company (Nationale Suisse) amounting to 7.69%.
Crawford boosts call centre services in Asia
Crawford & Company has entered into a joint venture with Call Centre Services to provide 24-hour access to an expanded call centre in a bid to respond to client needs in Asia-Pacific.
Collinson to acquire One Group
Collinson Insurance Group has agreed to acquire The One Group, pending a 30-day due diligence review.
Admiral to slow UK growth despite 9% rise in profit
Admiral's pre-tax profit rose to £171.8m in the first half of 2012 (H1 2011: £160.6m) having increased the number of vehicles insured by 11%, or 350 000, to 3.5 million.
'Phantom fraudsters' receive suspended sentences after IFED investigation
Two men who submitted bogus claims for whiplash to First Central Insurance following a road traffic collision in which they were not even involved have been handed suspended prison sentences.
Carole Nash CEO pleased to defy "tough" 2011 with slight turnover growth
Carole Nash chalked up a modest increase in pre-tax profits to £5.93m last year (FY 2010: £5.86m), as turnover grew by just over £1m to £25.02m.
Towergate posts 5% rise in operating earnings on H1 loss of £25m, as Network division suffers
Towergate Insurance has reported operating earnings of £80.6m (HI 2011: £76.7m) for the first half of the year to 30 June 2012, with a loss before tax narrowing slightly on the same period last year to £25.5m (£25.1m), as its four divisions revealed…
Market moves: Why I moved away - Adam Garrard, Willis
Willis' Adam Garrard recently relocated from London to Singapore to take up the post of chief executive for the broker's Asian operations. He talks to Post about why he made the move.
Market moves: New arrivals in the broking sector
Lorica Insurance Brokers, Chaucer and Markel led the way in the recruitment space this week, bringing in several fresh faces between them.
Law report: Statements made in Local Resolution Process ruled inadmissible in subsequent proceedings
Law reports contributed by national law firm Berrymans Lace Mawer.
Law report: Defendant fails to prove breach of duty in brain damage case
Law reports contributed by national law firm Berrymans Lace Mawer.
Law report: Concluded proceedings ruled uninsurable
Law reports contributed by national law firm Berrymans Lace Mawer.
Zurich Commercial to boost broker service with gimmick-free strategy
Zurich Commercial has unveiled a three-pronged internal strategy designed to boost broker service, without "gimmicks" or "false promises".
Cost of summer floods proves high as industry reports poor six-month results
This year's first-half results revealed a reverse in fortunes for Lloyd's and London market firms, while general insurers took a hit from the summer floods.
Russia's WTO entry offers hope to foreign insurers
Russia’s entry to the World Trade Organisation on 22 August is likely to have a significant impact on the insurance market, according to broker Willis.
Zurich Private Clients claims team passes CII exams
Zurich Private Clients' seven-strong claims team, pictured, have achieved a string of Chartered Insurance Institute qualifications.
Consultation into claims management regulation set to receive muted response
The consultation into how claims management companies are regulated is expected to be met with apathy from legal bosses, amid concerns that their views will be ignored, according to the Motor Accident Solicitors Society.
Insiders voice concern at Aviva's long-term growth prospects amid cuts
Aviva's confirmation that hundreds of roles at "middle management or below" are at risk of redundancy has raised concerns that its long-term cost-cutting strategy comes at the expense of a focus on organic growth.
Willis' newest office opens in China
Willis has opened its 22nd office, the firm's second office in China this year.
Brit integration leads to Birmingham office relocation for QBE
QBE has been forced to relocate its Birmingham operation to a larger office as a result of the ongoing integration of the Brit Insurance business.