News
Confused launches 'Motor Mate' app in bid to boost telematics sales
Bosses at Confused hope to drive up interest in telematics technology among young motorists, following the launch of a smartphone app which rewards good driving with cash back prizes.
Claims management companies come in for regulatory consultation
Verbal contract agreements between claims management companies and consumers could become a thing of the past, following the launch of a consultation process by the Claims Management Regulator.
Brokers told to up game in face of HNW competition
Intermediaries operating in the high net worth arena have been warned they must concentrate on improving their bespoke offering to clients if they are to win out over growing competition in the high-end home insurance market.
Suncorp GI profit up 26% despite cat loss
Suncorp has reported a significant year-on-year growth in net profit after tax of $724m (£478.7m)for the year to 30 June 2012 compared to $453m in 2011.
Parabis Group obtains ABS licence
Parabis Group has become the first private equity-backed firm to be granted an alternative business structure licence by the Solicitors Regulation Authority.
Aon boss sponsored by Nexus to ride in notoriously dangerous bike event
Aon associate director John Coleman is revving himself up ahead of the Manx Grand Prix this weekend, after bosses at Nexus Underwriting Management agreed to sponsor him to take part.
Hyperion boosts BP Marsh cash position
The partial realisation of its investment in Hyperion has improved BP Marsh & Partners’ cash position according to a trading update issued today by the venture capital provider.
Hyperion boosts BP Marsh cash position
The partial realisation of its investment in Hyperion has improved BP Marsh & Partners’ cash position according to a trading update issued today by the venture capital provider.
Rural founder to retire from business
The founder of agricultural insurer Rural Insurance, Lance Harvey, is to retire from the business after 17 years.
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.
Swinton opens first commercial office in Scotland
Swinton has its first foothold in the Scottish commercial insurance market with the acquisition of Kirkintilloch Insurance Services.
Junction hires ex AA ecommerce boss Queen
Junction has appointed the former head of ecommerce at The AA Jamie Queen to the role of associate director on the BGL Group’s affinity arm.
Aviva recruits former Bupa fraud boss amid uncertainty over senior jobs
Aviva has appointed Anne Green to the newly created role of head of fraud for underwriting, pricing and product.
Finance professionals' hours stretch longer than ever before
The average financial professional feels they cover 30% more work than one person should, a survey has found
Historical hurricane costs upwards of $10bn in 2012, claim cat experts
Experts have stated that 28 out of almost 180 hurricanes that have occurred in the United States since 1990 would have caused $10bn (£6.3bn) or more in insured losses had they happened today.
UK General boosts commercial team with ex-Towergate hire
UK General has hired a former Towergate director Andrew Tailby as head of business development in the commercial division.
Zurich wins golf scheme
Zurich Insurance has won a long-term contract to underwrite a Glasgow-based golf scheme covering 600 UK golf clubs.
Chinese car insurance market faces further losses
Insurers operating in China's compulsory motor insurance market face further significant underwriting losses in the next two years due to rising claims, tightly regulated pricing and the potential for further competition.
Canopius completes Omega acquisition
Canopius Group has completed its acquisition of Omega Insurance Holdings.
Liberty Mutual receives CIRC approval to open Shandong branch
Liberty Mutual Insurance Group has been granted approval to establish a branch in Shandong province by the China Insurance Regulatory Commission.
Allianz considers renewable funds
German insurer Allianz believed to be planning the launch of closed-end investment funds focusing on renewable energy in the future.
UK seizes one-millionth uninsured vehicles
UK police have seized one million vehicles since 2005 when they were given powers to stop vehicles identified as being driven without insurance.
XL makes dual reinsurance promotion
XL’s reinsurance operations has appointed Mark Berry and Paul Simons to senior vice president and managing director, international property & specialty and senior vice president, head of US property treaty, respectively.