News
United India Insurance to open 530 more branches
India's second largest insurer plans to open 530 more offices across India by the end of the year.
QBE's property, casualty and motor CUO Bathia departs
Ash Bathia, chief underwriting officer of QBE’s property, casualty & motor division is leaving the company.
Lloyd’s brokers sign up for VIPR Bordereaux product
Two Lloyd’s brokers have partnered with VIPR to use its software and systems.
Ageas claims team undertakes motorcycle training
Groupama Insurances, soon to be Ageas Insurance Limited, has put its motorcycle claims team through a series of training sessions to help them understand the needs of motorcyclists when handling claims.
Insurers in the dark over how pensions deficit input will impact levies
Insurers are unlikely to find out how much of an impact a £200m pensions deficit left over from the Financial Services Authority will have on their individual levies, in spite of changes to plans that will see them contribute more.
Axa settles ahead of its first Accident Exchange retrial
Axa has agreed an estimated £30 000 settlement, ending the prospect of what would have been the first retrial for the insurer in its ongoing legal battles over Accident Exchange credit hire rates.
Italian aggregators double policy sales in H1
Policies brokered by Italian aggregators in the first sixth months of 2013 were up 58% over the same period of 2012, according to research by CP Consulting.
Italian aggregators achieve steady growth in H1
Policies brokered by Italian aggregators in the first sixth months of 2013 were up 58% over the same period of 2012, according to research by CP Consulting.
Elite launches motor business
Elite Insurance Company has launched a motor business and is aiming to achieve £20m GWP in its first year.
Lloyd's earns postive ratings outlook after coping with record cat activity
A.M. Best has revised Lloyd’s outlook to positive from stable and affirmed the financial strength rating of ‘A’ (excellent) and issuer credit ratings of ‘A+’.
Le Prevost promoted to the board of JLT Insurance Management
JLT Insurance Management (Guernsey) has appointed Shaun Le Prevost to the board of the company.
Ascot CUO Pepper named London’s most credible underwriter
Ascot chief underwriting officer Mark Pepper has been named as the most credible underwriter in the London market in a study by Gracechurch Consulting.
Motor specialist Sky Insurance goes live on Transactor
Motor specialist Sky Insurance has gone live on a Transactor software solution following a 10 month project.
ABI letter to Law Society calls for PI campaign to be withdrawn
The Association of British Insurers director general Otto Thoresen has expressed his “anger and disappointment” in a letter sent to the Law Society, calling for a recent personal injury advertising campaign to be withdrawn.
Xuber gets highest channel accreditation from Aia
Insurance software business Xuber has achieved Aia Software’s highest channel accredition, “ITP for” status.
Marsh unveils new chairman
Jane Barker will become Marsh chairman on 1 August.
Insurance industry to provide 22 000 extra jobs by 2020, states PWC report
Insurance industry jobs could account for approximately 47% of 47 500 additional jobs created across the whole UK financial services sector by 2020, according to report conducted by PWC.
Irish regulator decides against hitting Quinn with €5m fine
Collapsed Irish firm Quinn Insurance has avoided paying out fines of up to €5m (£4.3m) after the Central Bank of Ireland decided that it was not in the public interest.
Aviva Investors appoints Standard Life's Munro a CEO
Aviva has appointed Standard Life’s Euan Munro as chief executive of Aviva Investors.
Quinn fine 'not in the public interest', claims Irish regulator
The Central Bank of Ireland has reached a settlement with Quinn Insurance, in which a potential €5m (£4.3m) fine has been waived, as it is not deemed in the public interest.
LAS accredited for environmental business management
Claims management firm LAS Claims has achieved ISO140001 accreditation for business environmental management from the LQRA UK Accreditation Service.
Ace makes leadership changes in Asia-Pacific
Damien Sullivan is to be promoted from the president of Ace's Asia-Pacific region to chairman from 1 September.
Earthquake in New Zealand causes minor damage
A 6.5 magnitude earthquake struck New Zealand on Monday morning shaking buildings including the Parliament building in Wellington.
Strong earthquake hits China's Gansu province
A magnitude 6.6 earthquake has struck near the town of Dingxi in Gansu province on Monday morning killing at least 75 people with over 400 injured.