News
Axa's Carruthers 'semi-retirement' move confirmed
Max Carruthers will depart his role as Axa commercial lines and personal intermediary chief operating officer by the end of 2013, the insurer has confirmed.
Hong Kong welcomes young UK reinsurance professionals
The Future Insurance Leaders in Hong Kong group, in partnership with the Insurance Institute of Hong Kong, hosted the 'The U35 Reinsurance Group' from the UK for a knowledge sharing forum and networking event on 23 September in central Hong Kong.
Insurers' data confirms GI underwriting profit down in Hong Kong last year
In Hong Kong, the overall underwriting profit of general insurance business decreased from HK$2.6bn in 2011 to HK$2bn in 2012, mainly due to adverse claims experience according to the Office of the Commissioner of Insurance.
Obama cancels Asia trip
Following the shutdown of the US government, President Obama has been forced to cancel his trip to Asia.
APC snaps up Vision Underwriting renewal rights
Underwriting agency APC has acquired the renewal rights to the Vision Underwriting book of commercial business.
EU delays Solvency II application date to 2016
The European Union has announced a final delay to the application date to Solvency II to January 2016, pushing back the legislation by two years.
EU pushes Solvency II start to 2016
The European Union has announced a final delay to the Solvency II application date to January 2016, pushing back the legislation by two years.
ING Insurance to rebrand as NN following IPO
ING Insurance will re-brand as NN after completing its initial public offering.
350% increase in UK M&A deal values
The value of UK insurance merger and acquisition deals rose by more than 350% to €1.5bn (£1.2bn) in the first half of 2013 from €344.6m in 2012, PWC has reported.
Axa’s Carruthers to leave by 2014
Axa’s Max Carruthers, commercial lines and personal intermediary chief operating officer, is due to leave the insurer in the next two months, according to a report.
Cigna marks First Assist re-brand with double product launch
First Assist Insurance Services is to be renamed Cigna Insurance Services almost two years after the acquisition of the CIS business.
Ex HSBC chief economist to address Biba Scotland
Former HSBC economist Dennis Turner is to give the closing presentation at the British Insurance Broker's Association Scottish conference, set to be held near Stirling on 20 November.
Ferma 2013: Ferma members agree to competence certification
The Federation of European Risk Management Associations and the presidents of its member associations have agreed in principle to create a European certificate of professional competence for risk managers.
Ferma 2013: Ferma members agree to certification project
The Federation of European Risk Management Associations and the presidents of its member associations have agreed in principle to create a European certificate of professional competence for risk managers.
Allianz unveils BMI-backed UK consultant booking service
Allianz Worldwide Care has launched a new service to allow UK members to directly book an initial appointment with a consultant.
Allianz partners with BMI on consultant booking service
Allianz Worldwide Care has launched a new service to allow UK members to directly book an initial appointment with a consultant.
Innovation Group confirms £75m Aviva subsidence contract
Innovation Group has confirmed a seven year deal to handle all residential subsidence claims for Aviva.
Experian acquires 41st Parameter
Information services firm Experian has sign a deal to acquire 41st Parameter, which has patented an identification technology device and web fraud detection.
Outgoing Lloyd’s CEO vows to make Aon’s sidecar deal deliver on promises
Merits of Aon’s ‘parasitic’ arrangement with Berkshire Hathaway questioned.
New development underwriter for Dual
David Armstrong has been appointed South East regional development underwriter for Dual.
Canadian brokers tip Tulloch for success as Aviva UK GI CEO
Rival insurers hope to take advantage following shake-up.
Ferma 2013: Insurance industry must become forward facing
The insurance industry must stop looking backwards when faced with new risks, according to XL Group chief executive Mike McGavick.
Aggregator ads banned for being misleading and sparking fear
A private health insurance comparison website has been banned from using a web-based advert by the Advertising Standards Agency after the site was found to be misrepresenting a report into hospital mortality rates and appealing to fear to sell policies.
FCA coy over telling firms to boost female headcount in the boardroom
Regulator ‘not looking specifically’ at issue but confusion surrounds CRD IV.