News
Axa makes senior claims appointment in Asia
Axa has appointed Leo Costes as regional claims practice leader for Asia.
Ping An's profits rise 28.3%
China's largest insurer Ping An has reported a 28.3% rise in its first-half profit.
AIG unveils space risks protection
AIG has unveiled a new product to protect satellite owners and operators for the launch and the first 10-years of the satellite’s in-orbit operation.
Willis signs up to Xchanging’s outsourcing service
Willis has become the first broker to sign up to Xchanging’s outsourcing service for the collection of defence fees.
140 000 uninsured cars seized annually
The Motor Insurers’ Bureau has revealed approximately 140 000 uninsured cars are seized by police each year.
Cyber insurance market remains untapped
A Timetric report has identified scope for expansion in the UK cyber liability insurance market – an area that currently represents 0.01% of the non-life market.
First Assist teams up with Cobra on IP products
First Assist Legal Protection has partnered with Cobra Special Risks to develop its intellectual property protection product range.
First Assist partners with Cobra on IP products
First Assist Legal Protection has partnered with Cobra Special Risks to develop its intellectual property protection product range.
Vienna Insurance Group sees pre-tax profits slashed by floods
Austria’s biggest insurer has seen pre-tax profits drop by almost 32% following severe flooding in Central and Eastern Europe.
Admiral’s ABSs will not contribute 'materially' to group’s profits
Admiral’s joint legal ventures with Lyons Davidson and Cordner Lewis will not “make a material contribution in the foreseeable future”, according to the insurer’s chief financial officer Kevin Chidwick.
Enoizi named chief executive of Pool Re
Julian Enoizi is to become chief executive of UK government-backed terrorism mutual Pool Re.
Goldman Sachs in Hastings stake talks
A Goldman Sachs-owned private equity fund is in exclusive talks over a minority shareholding in Hastings, according to reports.
Enoizi appointed chief executive of Pool Re
Julian Enoizi is to become chief executive of UK government-backed terrorism mutual Pool Re.
Aviva’s Clayden appointed to lead QBE European claims
Dominc Clayden, Aviva general insurance claims director, has been appointed claims director at QBE.
R&Q acquires Woodcroft Insurance
Randall & Quilter Investment Holdings has acquired the entire issued share capital of Guernsey domiciled captive insurer Woodcroft Insurance Company.
Aviva’s Dominic Clayden to join QBE
Dominic Clayden, Aviva general insurance claims director, has been appointed claims director at QBE.
Citizens Advice wants end to cold calling
Citizens Advice has called for cold calling by financial services firms to be banned after new research revealed 32 million British adults have received unwanted contact about claiming for mis-sold payment protection insurance.
Ten partners with Alps
Independent commercial broker network Ten Insurance Services, has appointed Auto Legal Protection Services as its preferred partner to provide a range of legal protection products and services to its members.
Co-op's up-for-sale GI business sees improved COR
The Co-operative's general insurance arm has posted impressive results despite poor performance for the rest of the insurance division.
Admiral's shrinking UK motor share behind 7% fall in H1 turnover
Motor insurer Admiral saw turnover fall 7% to £1.089m in the first half of 2013, down from £1.169m in the first six months of 2012.
Zurich chairman steps down following Wauthier death
Zurich Insurance Group chairman Josef Ackermann has resigned from his post claiming that he felt pressure to step down following the death of chief financial officer Pierre Wauthier.
Zurich chairman steps down following Wauthier death
Zurich Insurance Group chairman Josef Ackermann has resigned from his post claiming that he felt pressure to step down following the death of chief financial officer Pierre Wauthier.
R&Q acquires Woodcroft Insurance
Randall & Quilter Investment Holdings has acquired the entire issued share capital of Guernsey domiciled captive insurer Woodcroft Insurance Company.
R&Q signals future MGA division growth
Randall & Quilter chief financial officer Tom Booth has not ruled out the company adding new accounts to its managing general agents division, and said it is progressing several run-off transactions including insurance companies.