News
German motor market to turn a profit in 2014
Premium increases in the German motor market are expected to trigger a sub-100% net combined operating ratio for the first time in seven years, according to a report by Fitch Ratings.
Insure and Go travel team join Hood Group
Hood Group has hired a team from travel insurer Insure and Go to manage its newly launched travel insurance proposition.
UK General and Lifesure team up for caravan scheme
Leeds-based managing general agent UK General has partnered with Lifesure Group on a scheme for high-end caravan owners expected to generate a minimum of £250 000 gross written premiums in its first year.
Transactor reports 18% turnover rise
Insurance software provider Transactor Global Solutions recorded an 18% increase in turnover for the year ended 31 March 2014 with combined group turnover expected to be over £9.5m (2013: £7.7m).
Families receive MH370 compensation payouts
Families of passengers on missing Malaysia Airlines flight MH370 have begun receiving compensation payouts of $50 000 (£29 454).
Vodafone to acquire Italian telematics firm Cobra
Vodafone has launched a voluntary offer to acquire Italian telematics firm Cobra Automotive Technologies at €1.49 (£1.18) per share valuing the company at €145m.
QBE creates emerging markets division
QBE's new division will include its Latin America and Asia-Pacific arms and be led by the insurer's Asia-Pacific CEO David Fried.
Marsh appoints non-exective director
International broker Marsh has appointed the CEO of the UK's Met Office John Hirst as non-executive director.
Met seizes 100 000th uninsured car in London
The Metropolitan Police Service has seized its 100 000th uninsured vehicle in London.
Barclay unveils regional and product expansion at Rural Insurance
Rural Insurance managing director Ian Barclay has outlined expansion plans that will see the UK General business establish a foothold in East Anglia, Wales and the South West of England.
Rural Insurance eyes 'number two' spot after year of growth
UK General business Rural Insurance boosted its gross written premium by 11% to £32m and improved Ebitda by 5% to £2m for the financial year ending 31 March 2014.
Biba research spurs Defra Flood Re roundtable
Research from the British Insurance Brokers' Association has highlighted concerns that buying and placing flood cover will become increasingly difficult once Flood Re comes into force.
Dual names Oldcorn as COO for Europe
Dual asset underwriting managing director Phillip Oldcorn has been promoted to the newly created role of chief operating officer for Europe at the Hyperion underwriting arm.
Ageas rolling out commercial and subsidence claims reviews in 2015
Ageas is set to follow the completion of a household claims review with an investigation into its commercial and subsidence panels next year, Post can reveal.
Liberty Insurance appointed lead underwriter for Hughes
Liberty Mutual's Irish subsidiary has agreed to become the lead underwriter of Hughes Insurance following its acquisition of the Northern Ireland broker announced yesterday.
Eiopa consults on Solvency II guidelines
The European Insurance and Occupational Pensions Authority is seeking responses to a consultation on the first set of guidelines for Solvency II legislation.
Ageas finalises household claims reshuffle
Ageas has completed a restructure of its household claims suppliers, appointing 21 members to its new panel.
Axa strikes data access deal with Callcredit
Axa has partnered with Callcredit Information Group giving the insurer better access to credit checking and behavioural data tools.
Aviva mobile phones hit by third-party cyber attack
Hundreds of Aviva staff were hit by a cyber attack on the insurer's mobile phone technology supplier last month.
Compton leaves KPMG to join Mapfre in China
KPMG's head of insurance consulting for Mainland China Tony Compton is leaving the consultancy to join Spanish insurer Mapfre's Chinese operations.
Hong Kong ferry crashes in Macau
A TurboJet ferry traveling from Hong Kong to Macau crashed into a breakwater in Macau harbour on Friday morning injuring 70 people.
England fans excluded from World Cup elimination insurance
Chinese insurer Ancheng Insurance is offering World Cup insurance for fans to compensate for the disappointment of being eliminated from the tournament.
Manchester City partners with Indonesian insurer
English Premiership football champions Manchester City are partnering with Indonesian insurer Jiwasraya.
Legal & General shuts Belfast office
Legal & General has confirmed the closure of its Belfast office with the claims and customer service work carried out at the branch moved to Birmingham and Ipswich.