News
Esure reports steady results as it unveils ABS plans
Esure profits have grown 0.4% for the first half of 2014 with chairman Peter Wood praising the group's disciplined underwriting in difficult market conditions.
Explosions in China and Taiwan kill scores
75 people died in a chemical plant explosion in Kunshan (Jiangsu province, China) and a gas pipe explosion killed 27 people in Taiwan.
Earthquake in China kills over 500; causes extensive damage
A magnitude 6.1 earthquake in Yunnan, a province in South China, killed at least 589 people and injured more than 1 800.
Miller replaces Clarke as SSP's head of Asia-Pacific
UK-based technology firm SSP has appointed Paul Miller as general manager, Asia-Pacific after Michael Clarke left the firm.
Enterprise and CHO clash over CMA complaint
Enterprise and the Credit Hire Organisation have crossed swords after CHO chairman Steve Evans wrote to the Competition and Markets Authority to demand an investigation into direct hire practices.
Sale of DLG's international units not set in stone, claims Geddes
Direct Line Group chief executive Paul Geddes has denied the sale of the insurer's Italian and German operations is a foregone conclusion, despite talks on offloading the international divisions gathering momentum.
Over half of construction workers mistaken about employer insurance
Nearly 60% of UK construction site workers believe their employers must have insurance in place to pay their salaries and medical benefits if they are off work, despite such policies not being mandatory in the UK.
Meso claims don't justify special treatment, say defendant lawers
Defendant lawyers have criticised the Justice Select Committee's recommendation that the government launch a further consultation into the treatment of mesothelioma claims under the Legal Aid, Sentencing and Punishment of Offenders Act 2012.
Lancashire Group goes live on Sequel Impact
Lancashire Group has bought and gone live on Sequel's risk exposure and aggregation product Impact.
Assurant Intermediary teams up with LV Broker on home product
LV Broker has launched its ABC home insurance offering on the Assurant Intermediary product platform as part of a partnership arrangement with the firm.
Novae hires Alderton to lead new unit
Novae Group has appointed William Alderton as unit head of its newly formed international property binder unit.
Axa reports 33% earnings increase for UK business
Axa UK and Ireland recorded a 33% increase in underlying earnings for the first half of 2014 to £118m from £89m the year prior.
DLG sees profit drop from high weather claims
Direct Line Group has attributed a 13.1% drop in operating profit for the first half of 2014 to higher weather claims and lower prior-year reserve releases.
SSP offers telematics mobile app in Australia and New Zealand
Technology house SSP is to offer a smartphone telematics app via technology from Wunelli.
Youi expands into New Zealand
South Africa-owned car and home insurer Youi has entered the New Zealand market.
ABI slams 'excessive' claimant lawyer costs following meso report
The Association of British Insurers has said claimant lawyers have “difficult questions to answer” about why they do not support lower legal costs following the publication of the Justice Select committee’s report on mesothelioma claims.
Justice Committee condemns Government meso claims review
The Justice Select Committee has called on the UK Government to undertake a fresh consultation into the way mesothelioma claims are handled under the Legal Aid, Sentencing and Punishment of Offenders Act 2012.
Crawford appointed to Eastbourne Pier fire
Adjusting giant Crawford has been appointed to investigate the fire that wracked Eastbourne Pier yesterday.
Euler Hermes net income up 4.1% for H1
Trade credit insurer Euler Hermes has recorded net income up 4.1% for the first six months of 2014.
Markerstudy recruits Sandy Dunn for group role
BDML Connect founder Sandy Dunn is to join Markerstudy as group markets development director.
ERS reports profit for first time since 2009
Insurer ERS has recorded a half year profit for the first time since 2009 improving its 2013 Q2 result by £25m.
Weather claims eat into Lloyds GI COR as income slips by £54m
Lloyds Banking Group’s general insurance business has attributed increased weather claims in the opening two months of the year to a decline in the unit’s combined operating ratio to 80% in the first half of 2014 (H1 2013: 69%).
Axa Assistance to provide motor breakdown cover for consumer site
Consumer insurance website Surewise.com has partnered with Axa Assistance to provide its motor breakdown offering.
Endurance terminates Aspen acquisition offer
Endurance Specialty Holdings has terminated its offer to acquire Aspen Insurance Holdings.