News
Zurich chief urges action not 'rhetoric' on commerical lines
Zurich’s UK chief executive officer Steve Lewis has urged insurers to ensure their actions reflect their words when it comes to commercial lines rates.
APU warns against 'flash-for-crash' scam
The Asset Protection Unit is warning against a new motor insurance scam coined “flash-for-crash” where fraudsters flash their lights to give other drivers the right of way and then crash into them on purpose.
Google and insurers to speak at Data & Analytics Asia
Insurance Insight is delighted to confirm speakers from Google, Prudential, RSA, HSBC, Zurich and many more companies are attending the Insurance Data & Analytics Asia event in Hong Kong on 26 September.
Motor offence reforms 'not tough enough' claim AA members
The vast majority of drivers surveyed by the AA believe motor offence reforms that bring the fixed penalty for driving without insurance up from £200 to £300 are not stringent enough.
Chinese broker under investigation for huge fraud
It is understood Chen Yi, general manager at Shanghai Fanxin Insurance, has left China for Canada as the broker is investigated for fraud.
PIA re-brand sparks double MD hire
The decision to re-brand Professional Insurance Agents as Business Insurance 247 has seen the firm promote two new managing directors.
Applied systems targets product innovation following Insurecom deal
Applied Systems hopes to bring a range of new products to the UK insurance market following its acquisition of UK-based software business Insurecom.
PostCast - Issue 2 - 15/22 August
The team discuss the news, features and interviews from the 15/22 August edition of Post Magazine. Hosted by Post editor Stephanie Denton.
Aon and QBE extend solicitors' PI reach following XL market cutback
Aon Risk Solutions has extended its exclusive arrangement with QBE Europe for solicitors’ professional indemnity to include one to three partner firms.
Power Place reinforces broker commitments with double hire
Power Place has added two regional broker account managers to its business development team in the form of Steve Lacey and Daniel Sandbrook.
Aspen appoints Richard Smart as underwriter
Aspen International Insurance has appointed Richard Smart as professional liability underwriter, based in London.
Brokers urged to snap up A-level students unsure on university
Insurance brokers have been advised to channel into a growing number of capable A-level students who are reticent to attend university by offering them a job straight from school.
BLM acquires cyber expert partner
Insurance law firm Berrymans Lace Mawer has appointed Nick Gibbons as a partner in its technology, media and telecommunications practice.
Wesleyan strengthens dental market presence with Practice Plan take-over
Wesleyan Assurance Society has acquired the Practice Plan Group from private equity firm Dunedin.
Brodies makes Matheson partner of insurance and risk division
Professional negligence specialist Alisdair Matheson has been assumed as a partner within the insurance and risk division of Brodies.
Zurich sees UK premiums fall £20m in H1
Zurich's UK general insurance business posted gross written premiums of £826m for the first half of 2013, a 2.4% decrease from the £846m reported in the first half of 2012.
Touchstone unveils online broker service with Websure
London managing general agent Touchstone Underwriting is to launch an online service for specialist brokers, in collaboration with Websure.
AIA strikes deal to become Spurs' cup shirt sponsor
Pan-Asian insurance company AIA Group has entered into an agreement to become English Premier League football club Tottenham Hotspur’s cup shirt sponsor for the forthcoming season.
Hill Dickinson recruits Keoghs’ Gatzouris for fraud unit
Hill Dickinson has appointed Keoghs fraud specialist Stratos Gatzouris to its fraud unit management team.
New senior fleet underwriter for Xbroker
Moorhouse subsidiary Xbroker has appointed David Grimsey as senior fleet underwriter.
Sterling appoints Scotland regional manager
Gerard Hamilton has been appointed Scotland regional development manager at Sterling Insurance.
AIA sponsors Tottenham Hotspur for Cup competitions
AIA has agreed to sponsor London-based Premiership football team Tottenham Hotspur for the Europa League, FA Cup and League Cup competitions.
Zurich's GI profits and premiums grow in Asia-Pacific
In general insurance, business operating profit at Zurich's Asia-Pacific's operations increased from $101m in the first half of 2012 to $141m in the first half of 2013.
Zurich's results hit by floods in Europe
Zurich has reported a business operating profit of $2.3bn for the first half of the year (till 30 June), down 9% over the same period in 2012, and a net income attributable to shareholders of $1.9bn, down 17%.