News
ING’s European IPO draws nearer while profits fall
Dutch financial group ING continues to prepare for the public float of its European insurance business with plans to separate ING US from ING Insurance to speed up its initial public offering.
ING’s European IPO draws nearer while profits fall
Dutch financial group ING continues to prepare for the public float of its European insurance business with plans to separate ING US from ING Insurance to speed up its initial public offering.
Broker develops motor fraud reduction service
DNA Insurance Services has launched a motor trade tracker service designed to reduce insurance fraud, insurer claims exposure and uninsured vehicles.
Swiss Re net income soars to $786m in Q2 2013 despite nat cat hit in P&C
Swiss Re this morning reported net income of US$786m (Q2 2012: US$83m)in the second quarter of the year on premiums earned of $6.8bn (Q2 2012: US$6.1bn).
Aviva sees “steady progress” in H1 results
Aviva has reported total pre-tax profits of £1bn for the first six months of 2013 up 5% on last year’s figure of £959m, with expenses falling 9%.
Swiss Re P&C arm hit by nat cat losses in Q2 2013 as COR jumps to 100.7%
Swiss Re this morning reported net income of US$786m (Q2 2012: US$83m) in the second quarter of the year on premiums earned of $6.8bn (Q2 2012: US$6.1bn).
China earthquake was Asia's costliest disaster in July
According to Impact Forecasting, part of Aon Benfield, the July Gansu province earthquake in China caused $3.25bn of economic losses.
Monsoon rains cause havoc in the Philippines and Myanmar
Over 120 000 have been displaced in the Philippines and Myanmar following severe flooding from monsoon rains.
AIR Worldwide updates crop models for China and the US
AIR Worldwide has updated its multiple peril crop insurance models for the United States and China.
Ace appoints Russell as senior PI underwriter for UK and Ireland
Ace Group has appointed Geoff Russell as regional senior professional indemnity underwriter for the UK and Ireland.
AJG recruits construction trio
Arthur J Gallagher has recruited a trio of construction specialists with a collective total of 50 years’ experience for its projects team.
Hill Dickinson increases access to fraud intelligence
Hill Dickinson Fraud Unit has boosted its access to fraud intelligence by becoming a member of UK fraud prevention service CIFAS giving it access to the National Fraud Database.
Five complaints made after “Don’t get mugged” campaign
The Advertising Standards Authority has received five complaints relating to the Law Society’s “Don’t get mugged” advertising campaign.
Simplyhealth recruits David Free-Pearce to corporate team
David Free-Pearce has joined healthcare provider Simplyhealth as key account manager for its corporate account team.
Concordia wreck removal to cost $1.1bn says Munich Re
The loss creep for the stricken ship Costa Concordia continues with Munich Re revealing that removal costs for the wreck are likely to exceed $1.1bn.
Total Objects recruits business support pair
Software provider Total Objects has added two business support managers to its team to help bolster its business acquisition and maintenance processes.
LV launches new classic car cover
LV has unveiled a new classic car product designed for vehicles over 20 years old.
Planned reductions behind GWP dip at Novae during 'challenging period'
Novae Group has attributed planned reductions in its reinsurance segment for a dip in gross written premium for the first half of the year.
Mitsui Sumitomo expands senior underwriting team
Mitsui Sumitomo at Lloyd’s has added two experienced underwriters to Syndicate 3210 as part of a plan to diversify its products and distribution and capitalise on international opportunities.
Bupa sees UK insurance customer numbers drop 2.8%
Bupa has revealed that UK insurance customer numbers and revenues dropped in the first half of 2013.
GFIA supports Indian Insurance Amendment Bill
The Global Federation of Insurance Associations has written to the Indian Prime Minister Dr Manmohan Singh to offer its support for the proposed Indian Insurance Law Amendment Bill.
Lancashire reveals Cathedral deal
Bermudian insurer and reinsurer Lancashire Holdings has confirmed it is in negotiations to acquire Lloyd’s insurer Cathedral Capital for £266m.
Life insurance rate-cap removal in China could spur innovation, says Fitch
Ratings agency Fitch welcomes the removal of the 2.5% capo on guaranteed rates by the China Insurance Regulatory Commission.
Willis Re's Australia chairman in Bermuda move
Willis Re Australia chairman Michael Harden has been appointed chief executive of Willis Re Bermuda.