News
Crawford to cut up to $28m from expense base in additional restructure
Crawford and Company is seeking to reduce its dependence on severe weather claims by embarking on an additional restructuring plan designed to remove $25m (£16.6m) to $28m from the company’s expense base.
Russian plane crash unlikely to impact aviation or travel rates
Aviation rates are expected to withstand the aftermath of the downed Russian airliner in Sinai, market experts have claimed, while the cost of travel insurance to Egypt is also unlikely to rise.
Zurich appoints Japan CEO
Zurich has appointed Maschika Nishiura as CEO and representative for Japan.
China's Anbang buys first US insurer
China's Anbang Insurance Group has bought US life insurer Fidelity & Guaranty Life for $1.57bn (£1.04bn).
Aspen recruits from XL Catlin for Lloyd's Singapore platform
Aspen Insurance will become the latest syndicate to join the Lloyd's Asia platform.
Pressure building as Solvency II enactment enters final countdown
As the Solvency II countdown enters its final stages industry observers are warning some insurers will struggle to be ready by the 1 January start date and that there could be more pain on the horizon.
Chase Templeton acquires Kent-based broker Consilium
Chase Templeton has completed its largest ever acquisition through the asset purchase of Kent-based healthcare broker Consilium Employee Benefits.
Zurich to cut up to 440 UK jobs
Zurich has confirmed proposals to cut up to 440 jobs in its UK general insurance business as part of a programme to reduce costs in the organisation and simplify its operating structure.
O'Roarke backs successor Treloar to build on growth at LV
LV managing director of general insurance John O’Roarke is confident his successor and former Direct Line colleague Steve Treloar is well placed to maintain the firm's strong growth and "distinct culture".
Dye predicts 2016 private motor turnaround as Allianz UK profits slide
Allianz UK has seen a slight deterioration in its combined operating ratio and a £14.4m drop in profits for the third quarter of 2015 despite a 2.7% increase in gross written premiums over the past 12 months.
L&G renews GI partnership with Principality Building Society
Legal & General has extended its existing partnership with Principality Building Society to continue selling its general insurance products through Wales' largest building society.
Bluefin looks to Howden for finance operations head
Bluefin has recruited Carl Porter from Howden Insurance Brokers to head finance operations as well as making interim chief financial officer Amber Wilkinson permanent.
Aviva personal lines MD Treloar to take over from O'Roarke at LV
LV has appointed Aviva personal lines managing director Steve Treloar as John O’Roarke’s successor as MD for general insurance.
Local markets to benefit as Lloyd's targets more shariah compliant underwriters
Moves by the London market to embrace the provision of Islamic insurance products will provide a boon to local markets and customers, according to the CEO of the Dubai Islamic Economy Development Centre.
Quindell to change its name to Watchstone Group
Technology solutions provider Quindell is seeking shareholder approval to change its name to Watchstone Group.
Masojada eyes further growth as group GWP rises 12.9%
Hiscox CEO Bronek Masojada has identified “plenty of opportunities for growth” off the back of a 12.9% increase in gross written premiums to £1.54bn for the first nine months of 2015 (9M 2014: £1.36bn).
Smartphones equal to black boxes if data quality is high, Wunelli says
Smartphone telematics data can be of an equal quality to black box data so long as companies are aware which data is not good enough to be used, according to telematics provider Wunelli.
Preparation urged as storm predicted to batter north-west UK
Insurers are urging homeowners to prepare for a storm front threatening the UK that could unleash winds of up to 70mph and 17ft waves on Sunday evening (8 November) and early Monday (9 November).
Mahoney replaces Turnbull as RFIB CEO
RFIB Holdings executive chairman Dennis Mahoney is to replace Jonathan Turnbull as CEO at the company.
Ex-cons avoid return to jail after attempting to defraud Admiral and Ageas
Two men who met and became friends in prison yesterday (5 November) received suspended prison sentences at the Old Bailey after staging a ‘cash for crash’ accident in order to claim over £16,000 from Admiral and Ageas.
Expertise From A-Z: The E-Trade debate
Our expert panel discusses e-trade and social media.
New head of casualty claims at Allianz
Allianz Claims has appointed Lee Watts as head of casualty claims, moving over from his role as QBE’s claims investigation service manager.
Allianz Group posts 7.5% drop in Q3 operating profit year on year
Allianz Group has reported third quarter operating profits of €2.45bn (£1.75bn), a 7.5% decrease on last year's figure of €2.65bn.
Quiz of the week - 6 November 2015
How much news from the world of insurance have you remembered from this week?