News
Lemma claims could cost FSCS £25m
The UK Financial Services Compensation Scheme expects to pay-out around £25m in claims related to failed Gibraltar-based insurer Lemma.
The County Group eyes £50m in premiums after JSW deal
The County Group has acquired commercial broker JSW Insurance Services, amid plans to control £50m of written premiums inside the next four years.
Chinese insurers urged to become more customer-centric
Tony Compton, head of insurance consulting, mainland China at KPMG has urged Chinese insurers to center their respective business operations around the customer.
Argo International hires Brit's Jackson as head of compliance
Lloyd’s insurer Argo International has appointed Mike Jackson as head of compliance.
Which report calls for transparency on aggregators
An investigation by consumer group Which found like-for-like car insurance quotes vary “widely” between the different comparison sites.
Skuld strenghtens claims service
Marine insurance provider Skuld has appointed Anders Hovelsrud as vice president of claims services.
Helvetia renews Vontobel tie-up
Swiss insurer Helvetia Insurance and Swiss bank Vontobel have extended their partnership at least until the end of 2018.
Quindell strikes deal with Renault UK
Quindell has signed a contract to provide Renault UK with accident management services across Great Britain.
PPI CMCs come under scrutiny
The Ministry of Justice is holding a summit today to discuss the “predatory” conduct of claims management companies offering payment protection insurance claims management.
IRDA to let banks become insurance brokers
The Insurance Regulatory and Development Authority in India may allow banks to become as insurance brokers, the Times of India reported.
AIA opens office in Myanmar
Asia’s third biggest insurer AIA Group has confirmed it will open a representative office in Myanmar, in a bid to target demand in fast-growing South Asian economies.
SMEs under austerity pressure
Spending cuts are pushing SMEs in some of Britain’s largest cities to the brink, according to data from Zurich.
38 RSA jobs at risk in Horsham
RSA employees working at the commercial mid-market operation in Horsham, West Sussex, have been told they are at risk of redundancy as the insurer reshapes its commercial business.
Cooter eyes third strategic hire to support Covéa growth ambitions
Covéa commercial lines director Simon Cooter is preparing to unveil a third "key" appointment, as plans to double the size of the firm's commercial book gather momentum.
Aviva loans £32m for fire and rescue service project
Aviva Commercial Finance has lent over £32m for what will be the insurer’s first fire and rescue service project.
SSP appoints marketing director to drive brand reputation
Pam Wilde has taken up the position of marketing director at insurance technology provider SSP.
Zurich cuts stake in New China Life
Zurich has reduced its stake in New China Life Insurance Company to 9.4%.
Heavy rains cause flooding and mudslides in China
Days of heavy rain across the mountainous Yunnan and Sichuan provinces of southwestern China have caused widespread flooding and triggered landslides.
Moneysupermarket blames Google for slow insurance growth
Price comparison site Moneysupermarket has said changes to Google’s search systems have hit the company’s growth in Q2, with insurance business suffering.
Swiss Re confirms Admin Re merger talks
Swiss Re has confirmed it is in talks over the potential merger of its remaining Admin Re closed life business with Phoenix Group - less than a year after selling the US side of the operation.
DAC Beachcroft recruits former Swiss Re counsel
Law firm DAC Beachcroft has appointed prudential regulation specialist Adrian Williams as a partner in its corporate insurance team.
UK insurers criticised for “squandering” big data opportunity
Concerns over regulatory requirements and data security are preventing insurers from using technology to improve customer relationships and grow their businesses, an IBM survey found.
Post Audio Supplement - 11 July 2013
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Willis Networks picks up a dozen new members
Twelve companies have joined Willis Group Holdings' networks taking its total network membership to 140.