News
Jelf partners with the REC
Broker Jelf has become the exclusive insurance partner of the Recruitment & Employment Confederation.
Groupama achieves profitable H1 as tangible divestment begins
Groupama has recorded a 20% rise in profits before tax in H1 2011 to £22.2m.
Air Worldwide develops catastrophe model offering
Air Worldwide has expanded its offerings for commercial insurers with the ability to determine losses from natural catastrophes to buildings under construction.
Aviva returns to telematics with private car smartphone app
Aviva has re-entered the telematics private car market after four years with a new smartphone behavioural driving app which could save motorists up to 20% on their motor insurance.
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.
Salient Solutions founder joins Capita's insurance arm as non-executive director
Capita has appointed Clare Ryder as non-executive director of the partnerships arm in the firm's insurance services business.
Two-year solicitors' PI cover designed to ease ARP fears
Indemnity Risk Solutions is offering solicitors professional indemnity insurance policies that last two indemnity periods, as opposed to the one-year policies or two-year deals with numerous caveats available elsewhere in the market.
Chinese motor insurers fail to make profit for fifth year
Chinese motor insurers did not make a profit in 2011 as claims hit ¥11.2bn, according to data from the Industry Association of China.
Indian insurers set to agree $50m of cover for Iranian oil ships
Indian insurance companies look likely to agree to $50m cover per voyage with Iranian crude oil on risk for collision and spills.
United India posts 21% rise in net profits
United India Insurance Co has posted 21% growth in net profit at Rs192 crore for the quarter ended 30 June 2012 (2011: Rs 159 crore).
Zenith goes live on Compare the Market and Money Supermarket
Zenith Insurance has launched its direct private car brand on Compare the Market and Money Supermarket.
South Wales expansion sees Brightside create 48 tech jobs
Brightside has been given the green light to create a software development operation in South Wales, having been granted a business finance package of almost £500 000 by the Welsh government.
Bupa posts 22% fall in US and European profit
Global health insurer Bupa posted a 5% increase in revenues to £4.1bn and a 3% increase in pre-tax profits to £255.3m for the first six months of 2012.
Towergate makes double acquisition
Towergate Insurance has acquired the non-life insurance business of Dean & Milward and Greaves Adams.
DLG claims transformation manager joins First Central fraud team
First Central has appointed former Direct Line Group claims transformation manager Chris Hallett to the role of operations manager at the firm's recently formed counter-fraud services team.
PowerGuard to provide insurance for Chinese solar firm
PowerGuard Specialty Insurance Services will provide a range of long-term insurance and warranty-related cover for ReneSola, a Chinese manufacturer of solar wafers and modules.
ING considers European IPO
Dutch insurance group ING is contemplating an initial public offering for its European insurance businesses, the firm's chairman said this week.
Merlin makes 200 redundancies
Merlin Claims is to make 200 people redundant after going into administration this week.
RJ Kiln's Syndicate 510 on course for 2011 profit
Tokio Marine-owned Lloyd's syndicate R J Kiln & Co Limited has updated forecasts for the 2010 and 2011 years of account for its four non-aligned syndicates.
HSBC reviewing stake in Bao Viet Holdings
HSBC is "reviewing its strategic options" with respect to the firm's Vietnamese insurance business.
SRA to introduce rating disclosure change
The Solicitors Regulation Authority has agreed to a 'minor change' to the Qualifying Insurer's Agreement whereby insurers will have to disclose their credit ratings.
Lockton woos another ex-Lucas Fettes broker to Manchester operation
Clare Mackay is the latest Lucas Fettes broker to join Lockton's recently formed Lloyd's and London market unit in Manchester.
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.