News
Spaven's broker role expands at AIG to South East Asia
AIG has expanded Scott Spaven's Singapore head of broker client management role to include South East Asia.
Zurich's global Q3 profits fall 6%
Zurich's global profits in Q3 2014 fell 6% compared to Q3 2013, however the insurer's overall profits are up so far this year.
Parsons promoted at AIG Hong Kong
Stephen Parsons, AIG's head of claims and operations for Hong Kong, has been promoted to deputy CEO.
Aviva names Birmingham and Luton as top crash-for-cash towns
Aviva has seen a 21% increase in organised fraud as it reveals Birmingham and Luton are the top two postal districts for crash-for-cash claims.
Cheesegrater cordoned off after steel bolts break
Two steel bolts have broken on London’s Cheesegrater building, home to Aon and Amlin, among other insurance businesses.
Lloyd's appoints Mark Cooper as first Dubai country manager
Lloyd's has appointed Mark Cooper to lead the market's new operation in the Dubai International Financial Centre effective February 2015.
Insurers sign up to cyber summit agreement with government
Twelve insurers have signed a joined pledge to more actively highlight cyber threats to UK businesses and work more closely with government to improve cyber security risk management.
Towergate's McAusland to run Tasker Insurance Norfolk office
Tasker Insurance Group has opened a Norfolk office to be led by former Towergate Risk Solutions managing director Alex McAusland.
Terry one of three directors to boost Quindell shareholding
Quindell chairman Rob Terry has increased his stake in the company to 10.69% after purchasing a further one million shares.
Video: Axa commercial intermediary MD Jon Walker
Three months into his role as Axa’s managing director for commercial intermediary, Jon Walker speaks with Francesca Nyman about the challenges of SME business, what brokers want, and his personal goals.
RSA appoints Pastwa as Scandinavian CFO
RSA has appointed Stig Pastwa as chief financial officer for its Scandinavian business effective 1 May 2015.
Mapfre sees year-to-date revenues inch up to €19.8bn
Spanish insurer Mapfre has recorded revenues of €19.8bn in the first nine months of 2014, a 1.6% increase on its 2013 result.
Insurance industry distances itself from disgraced former Swinton execs
Axa has denied that former Swinton director Nick Bowyer has ever been an employee of its appointed representative Drivology after he was censured by the Financial Conduct Authority.
No plans for Ageas Retail redundancies ‘at the moment’ says Watson
Ageas UK CEO Andy Watson has said the insurer has no current plans for redundancies in Ageas Retail as the insurer seeks to make cost savings across its intermediary business, though he conceded it remains too early to be certain.
BLM brings Greenwoods marine team on board
Law firm BLM has appointed a new team to specialise in marine-related insurance claims.
Hardy looks to Hiscox for energy and marine division head
Hiscox's Carl Day has been appointed energy, marine and aviation head at Hardy.
Lancashire sees 9M COR deteriorate but dividend still beats analyst expectations
Specialty insurer Lancashire saw its combined ratio deteriorate to to 74.5% for the first nine months of 2014, compared with 69.7% in the first three quarters of 2013.
Argenta bolsters Syndicate 2121 with double hire
Argenta Syndicate Management has appointed two UK property and liability underwriters to Syndicate 2121.
ABI household premium tracker depicts stable home insurance market
The price of home insurance has remained stable over the last year despite rises in some average claim costs, according to the Association of British Insurers Average Quarterly Household Insurance Premium Tracker launched today.
Former Swinton CEO Halpin fined and banned from senior roles after adds-ons mis-selling
The Financial Conduct Authority has fined three former senior executives of Swinton Group £928,000.
Admiral signs data warehouse deal with Teradata to support transformation programme
Insurer Admiral has signed a deal with big data analytics and marketing applications specialist Teradata to support its business transformation programme.
Flood defence spending ‘insufficient’ says Audit Office
Spending on flood defences is insufficient to meet needs for maintenance according to a report from the National Audit Office.
Hyperion and RK Harrison in exclusive merger talks
Hyperion has entered into exclusive talks to acquire RK Harrison over a potential merger, creating a broker described as “the pre-eminent international and UK retail distribution network”.
Esure motor Q3 motor GWP down 9% after rate battles
Esure has reported a year-on-year 8.8% decrease in motor gross written premiums for Q3 as the insurer seeks to secure increased rates from policyholders.