News
Mapfre acquires 20% of Indonesian insurer
Mapfre has acquired a 20% stake in Indonesian insurer Asuransi Bina Dana Arta, known as ABDA.
Bushfires sweep New South Wales
The bushfire season has started early in Australia with over 100 fires burning across New South Wales, the worst fires seen in a decade.
Unsecured Drive Assist creditors to share £600k
Drive Assist liquidator Zolfo Cooper has informed Post that latest estimates suggest unsecured creditors of the credit hire firm must split around £600 000.
Takaful specialist joins Miller in Malaysia
Razi Sulaiman, a treaty reinsurance and takaful specialist, has joined Miller in Malaysia.
Drive Assist calls in the liquidators
Zolfo Cooper has been named liquidators for credit hire firm Drive Assist almost two years after the business first entered administration.
Exaggerated claims responsible for increased investigations
Policyholders suspected of adding items onto genuine household claims were behind the biggest volume of claims investigated in the first half of 2013, according to the VFM Fraud Index.
George Prescott joins Q-Re board
Former Ecclesiastical deputy chief executive George Prescott is to join the board of Q-Re as an independent non-executive member.
George Prescott joins Qatar reinsurer’s board
Former Ecclesiastical deputy chief executive George Prescott is to join the board of Q-Re as an independent non-executive member.
Hiscox appoints Thomas to drive schemes and partnerships
Hiscox has strengthened its schemes and partnerships team with the appointment of new national partnerships manager, Charles Thomas.
Bluefin hires associate director from Ellis Bates
Bluefin insurance has appointed Mike Shaw as associate director to support its regional strategy.
Beazley launches political violence cover for UK businesses
Beazley has expanded its Lloyd’s developed political violence cover, making it available for UK businesses across the world.
BrokersLink transforms for growth and welcomes seven new members
Broker group BrokersLink has announced it is ending its not-for-profit status as it forms its own company. The international broking group has also added seven new members.
LMA Academy wins full CII accreditation
The LMA Academy, the professional training and development programme managed and run by the Lloyd’s Market Association has been awarded accreditation by the Chartered Insurance Institute.
Uniqa and core entities upgraded by S&P
Austrian Uniqa Insurance And Its Core Entities Upgraded On Improved Capital Adequacy; Ratings Off Watch; Outlook Stable
Hastings raises £416.5m of new debt financing
Hastings Insurance Group has placed £416.5m senior secured bonds on the Irish stock exchange.
Brokers Link sheds not-for-profit status
Independent broker network BrokersLink has unveiled plans to change its constitution from a not-for-profit association to a for-profit global broking company in a bid to accelerate growth.
Questgates boosts corporate claims teams
Loss adjuster Questgates has made several new hires to bolster its Corporate Claims Solutions teams in Birmingham and Bolton.
49 die in Laos plane crash
49 people, including seven from France, have been killed in southern Laos when a plane crashed into the Mekong river yesterday (16 October).
Swiss Re buys stake in FWD
Swiss Re is set to buy 12.3% of FWD from the Pacific Century Group which owns FWD and is owned by Hong Kong billionaire Richard Li.
Adrian Flux strikes in-car camera deal
Specialist car insurance broker Adrian Flux has partnered with in-car camera manufacturer Nextbase.
Total Objects unveils new deputy chairman
Software insurance and broking firm Total Objects has appointed Kevin Collins as its new deputy chairman.
Gibraltar-based insurers emerging from 'price war' unscathed
Motor insurers domiciled in Gibraltar wrote £2.6bn worth of premiums last year, accounting for approximately 16% of total UK motor premium.
RSA regional director Shepherd joins Allianz Commercial
Allianz Commercial has appointed former RSA regional director Mark Shepherd to the firm’s London branch where he will take on the position of regional underwriting manager.
Digital Animal reveals US deal and promises more UK action
Online marketing firm Digital Animal has partnered with US software company Vertafore and says similar deals are planned for the UK.