News
O’Donnell replaces Robinson as Ace financial lines head
Timothy O'Donnell has been appointed executive vice president of financial lines for Ace's international insurance operations.
IUA working party demands details on regulatory cooperation
More information is needed on how the UK's two new insurance regulators are going to cooperate and ensure fair treatment for companies, a new International Underwriting Association market group has stated.
Miller hires Asia treaty reinsurance specialist
Broker Miller has recruited south east Asia treaty reinsurance specialist Chin Kim Sun from Aon Benfield.
CCV wins chartered status
Cullum Capital Ventures has attained the status of chartered broker.
Amlin to integrate French unit
Amlin France, known as Anglo-French Underwriters before its 2008 acquisition by Amlin Group, will be integrated into Netherlands-based Amlin Corporate Insurance as part of the insurer's European growth strategy.
Geyer steps down as Vienna Insurance president
Günter Geyer is resigning after 11 years as chief executive of Vienna Insurance Group, having presided over the most profitable period in the group's history.
Fraud department combating 'cash for crash' culture following north west arrests
Police chiefs at the City of London's Insurance Fraud Enforcement Department believe they are changing the culture of fraud following a string of arrests in Liverpool and Manchester last week.
Taiwan insurance industry exposure to PIIGS revealed
Taiwan's insurance firms launched total investments of NT$13.9bn (£295m) in Portugal, Italy, Ireland, Greece and Spain in the first four months of the year.
Chartis exits "challenging" public sector
Chartis has claimed it is withdrawing from a longstanding arrangement underwriting UK public sector risks on behalf of an AJ Gallagher subsidiary because of a failure to secure "adequate and sustainable terms".
Direct Line Group to pay shareholders £500m dividend
Direct Line Group directors have declared an interim dividend in an aggregate amount of £500m.
A third of general insurers to re-price products in run-up to Solvency II
Increasing numbers of insurers plan to re-price and reorganise their product mix in response to the introduction of Solvency II regulations, according to a Deloitte Survey.
In conversation with Davies: Crawford and Coombes on life with Electra
At the tail end of September 2011, the claims solutions provider Davies refinanced, with the existing management and Electra Partners agreeing a buyout that saw Lloyds Development Capital exit the business.
Barbon names new chief executive
Barbon Insurance Group has appointed Mike Ramsey as chief executive officer.
Personal injury cases being auctioned off to the highest bidder
Law firm Spencers Solicitors said it has "lifted the lid" on the "questionable and dehumanising" insurer practice of injured persons auctions.
Insurers to revamp and re-price products for Solvency II
An increasing number of insurers plan to re-price and reorganise their product mix in response to Solvency II, a Deloitte report has found.
Amlin brings in QBE man Boreham to strengthen casualty offering
Amlin has appointed former QBE boss Martin Boreham as leading class underwriter at the firm's international casualty operation.
Sprinklers could have prevented Peterboat Close fire disruption
A large fire broke out at a chemical processing plant in south east London in the early hours of this morning.
XL allows collateral trusts in place of letters of credit
XL Group is now accepting collateral trusts in lieu of letters of credit used as collateral for corporate deductible and captive insurance programmes in the UK.
QBE underwrites RMP's public sector business
QBE Europe will underwrite the public sector business of AJ Gallagher subsidiary Risk Management Partners from 1 July.
Cobra extends takeover deadline
Cobra has extended the takeover deadline to 7 June as it continues to liaise with Alto Intermediary.
Tawa aquires Oberösterreichische Versicherung's run-off portfolio
Tawa's German subsidiary, Hamburger Internationale Rückversicherung AG, has taken over a reinsurance portfolio in run-off from Austrian insurer Oberösterreichische Versicherung AG.
Axa admits to Ted Baker policy wording 'ambiguity'
Axa has admitted that there was "some ambiguity" in the wording of clothing retailer Ted Baker's commercial combined policy, despite rejecting the company's claim for theft by an employee.
Axa fails in bid to re-enter Taiwan market
Taiwan's insurance regulator has refused to allow Axa to re-enter the market owing to concerns about the French insurer's commitment.
Arista boosts profit to £1.3m in 2011
Commercial lines managing general agent Arista Insurance posted an EBITDA profit of £1.334m during 2011, up from £683,000 in 2010.