News
Broker fears truth in Aviva GI and life sale rumour
Brokers are worried that Aviva could be planning to split into general insurance and life, and sold off.
Ace Scotland boss Macfarlane looks at new staff and broker business
Ace's new Scotland boss, Andy Macfarlane, pictured, could add to the firm's 200-strong Glasgow office with Aberdeen being a possible location owing to the insurer's contacts in the oil and gas sector.
Policyholder action group slams 'basket case' Aviva
Philip Meadowcroft, co-founder of the Norwich Union Policyholders Action Group, has branded former Aviva chief executive Andrew Moss' £1.75m golden goodbye a "pay off for failure" and the insurer a "basket case".
Weightmans grows by a third on mergers
National law firm Weightmans has reported turnover up by a third (£19.1m) to £77.1m for the 2011/2012 financial year (2010/11: £58m).
Markel promotes Leach to senior contingency underwriter
Specialist insurer Markel International has promoted James Leach to the position of senior contingency underwriter in its speciality division.
All eyes on Polish regulator after EC clears Warta aquisition
The European Commission has cleared under EU merger regulations the acquisition of Polish insurance company Warta by Germany's Talanx International and Japan's Meiji Yasuda Life Insurance.
Allianz 'on track' for 2012 target after €2.3bn profit in Q1
Allianz Group achieved revenues of over €30bn in the first quarter of 2012, compared to €29.9bn in the first quarter of 2011, according to preliminary figures.
'Significant' loss will harden rates outside cat exposed regions in July renewals
Price increases in the July reinsurance renewal period could be restricted to loss-affected sectors unless there is a further significant insured loss for the industry, Fitch Ratings has said.
Sogaz opens in Serbia
Russian insurance firm Sogaz has opened its first foreign subsidiary in the Republic of Serbia.
Belarus targets regulatory overhaul of insurance market
A major overhaul of the Belarus insurance industry is being planned in an effort to close the gap between Belarus and its European neighbours, according to online news agency Xprimm.
Jubilee hires former Swiss Re boss for speciality role
Lloyd's insurer Jubilee has appointed David O'Sullivan as head of life in a bid to grow the speciality life business.
XN Financial gets FSA green light for UK
Florida firm XN Holdings has secured Financial Services Authority approval for its UK subsidiary XN Financial Services to write insurance in the UK.
One in 10 homeowners do not have right insurance, research finds
Nearly 3.5 million UK homeowners do not have adequate home contents and buildings insurance, according to Money Supermarket.
CII membership up 6%, surplus up 142%
The Chartered Insurance Institute has published its Annual Review for 2011, showing a 6% rise in membership and an operating surplus of £1.85m, more than double last year's £0.764m
Allianz reports €30bn revenue in Q1
Allianz Group achieved total revenues of over €30bn in the first quarter of 2012, based on preliminary figures, compared to €29.9bn the previous year.
Mobile operator Three hit by claims fraud
Rising fraudulent claims has forced UK mobile phone network Three to stop selling phone insurance, the FT reports.
Aviva CEO Moss married employee the day after shareholder rebellion
Ex-Aviva chief executive Andrew Moss reportedly got married to former employee Deirdre Galvin the day after the shareholders revolt at the Annual General Meeting.
Quindell signs £120m deal with UK broker
Acquisitive outsourcer Quindell Portfolio claims to have landed a £120m three-year motor claims and supply chain outsourcing deal with a large un-named UK intermediary.
XL net income jumps to $227.3m after Q1 loss last year
XL has posted an operating net income of $165.2m for the first quarter, a slight increase on last year’s $163m but it has turned around its net income from a $227.3m loss to a $176.6m profit.
Crawford & Company posts 50% net income drop in Q1 results
Crawford & Company has recorded a 50% reduction in its first quarter net income, which stands at $6.1m (£3.8m) compared to $12.1m (£7.5m) for the same period last year.
Anglo-Arab launches war and terrorism travel cover
Anglo-Arab Insurance Brokers launched the first online global travel plan to include war and terrorism cover as standard at the Arab Travel Markets Conference in Dubai on 30 April.
Ousted Aviva boss Moss set to pocket £1.75m in remuneration
Aviva has this afternoon revealed that Andrew Moss will walk away with up to £1.75m after stepping down from his role as group chief executive.
Sign up to live webinar - Commercial property: Managing natural disaster risk
Globally, 2011 was a record year for natural catastrophe losses, and flood risk remains high on the agenda.
Sign up to live webinar - Commercial property: Managing natural disaster risk
Globally, 2011 was a record year for natural catastrophe losses, and flood risk remains high on the agenda.