News
Ecclesiastical records sub-100% COR despite GWP reduction
Ecclesiastical has achieved a 95.6% UK combined operating ratio for the first half of the year(H1 2012: 109.9%).
N&G cover wins British Rowing endorsement
Rowing cover provided by Navigators and General through Elite Rowing Insurance has been backed by the governing body for the sport of rowing, allowing the insurer to offer cover to British Rowing’s 550 clubs.
VIG completes integration of former QBE Macedonia
The former QBE Macedonia firm has completed its integration into the Vienna Insurance Group and was renamed as Akcionersko Društvo za Osiguruvanje i Reosiguruvanje Makedonija Skopje.
Marsh networks boss looking north for new members
Marsh’s networks leader Martyn Denney has vowed to boost membership in the north of England and in Scotland.
Health Shield launches consumer cash plan
Health Shield has launched Connect, a direct health cash plan targeting individuals across the UK.
Ex-Aviva PI team members launch MGA
Members of the former Aviva SME professional indemnity underwriting team today launched Pinpoint Underwriting, an MGA specialising in PI for small to medium sized businesses.
Prisoners paid to gather insurance details
Prisoners are being paid to gather insurance details and other other personal details as part of market research for insurance companies, the BBC has reported.
FP Marine in China aquaculture move
PICC and Dalian Zhangzi Island Fishery Group initiated a wind index marine aquaculture insurance which is the first policy of its kind.
Ascent launches SME general liability extension
Managing general agent Ascent Underwriting, which specialises in emerging risks, has launched a general liability coverage extension to further enhance the cover provided to small and mid-market business clients.
Plumeri joins investment firm KKR
Former Willis Group chief executive and chairman Joseph Plumeri has been appointed senior advisor at Kohlberg Kravis Roberts & Co LP.
SGI Law acquires Challinors’ PI portfolio
Liverpool-based SGI Legal has acquired the personal injury caseload of Midlands-based firm Challinors.
Three men plead guilty to ‘crash for cash’ £150k fraud
Three friends from Liverpool have admitted deliberately causing a crash between a coach and a car on a Manchester motorway in a bid to make a fraudulent claim for personal injuries.
Chinese broker boss found in Fiji
Chen Yi, the head of Shanghai Fanxin Insurance Agency, has been found in Fiji and has been extradited to China after it is alleged she had fled the country.
QBE European GWP up 15% to $3.1bn after Brit acquisition
QBE Europe has reported a 15% rise in gross written premium to $3.1bn (£1.98bn) for the first half of 2013 (H1 2012: $2.7bn) but a 40% fall in insurance profit to $105m (H1 2012: $175m).
CII launches equality strategy
The Chartered Insurance Institute board has approved a new equality strategy as part of its commitment to creating a diversity-aware and inclusive professional body for people working in financial services.
Dual appoints AIG's Crowe senior financial institutions underwriter
Dual, the underwriting arm of Hyperion Insurance Group, has appointed Damian Crowe as a senior underwriter.
Brit developing 'tactics' to counter Aon/Berkshire Hathaway type deals
Brit Insurance chief executive Mark Cloutier claims his firm has a “defensive strategy” in place to counter the impact of an increase in high-profile broker line slips.
Insurance Insight Asia editor talks Philippines flooding to BBC
With businesses in the Philippines are still dealing with the aftermath of Tropical Storm Trami, Insurance Insight Asia editor Andrew Tjaardstra spoke to the BBC's Rico Hizon about what is happening and the cost of such natural disasters.
Insurance Insight Asia editor talks to BBC on Philippines flooding
With businesses in the Philippines are still dealing with the aftermath of Tropical Storm Trami, Insurance Insight Asia editor Andrew Tjaardstra spoke to the BBC's Rico Hizon about what is happening and the cost of such natural disasters.
Double appointment for JLT Nottingham
JLT Specialty has made two appointments to its team in Nottingham.
RSA extends outsourcing agreement wih Accenture
RSA has signed an extension with Accenture for its application outsourcing agreement for another five years to the end of 2020.
Woman pleads guilty to 12 counts of fraud totalling £50k
A woman who submitted 12 identical claims to 11 insurers for cash, electronic and designer items in an attempt to gain £50 000 from bogus insurance claims has pleaded guilty.
NAB calls for investigation into written-off vehicles
The National Association of Bodyshops is urging the Competition Commission to undertake further investigations into vehicles that have been written-off following claims that their number has increased.
US woes hit QBE's profits
First half profits at insurer QBE were down 37% to $477m as earnings were hit by the US and poor investment returns.