News
IFIC's Gracey departs for US counter-fraud firm
Bobby Gracey has left his role as chief executive of forensics investigators International Fire Investigators and Consultants after 12 months to join a US-based fraud management firm.
Insurers urged to address compliance issues ahead of incoming Act
DAC Beachcroft has warned insurers to prioritise a review of compliance details, after The Law Commission confirmed that the Consumer Insurance Act 2012 will come into effect on 6 April.
Gibraltar government recruits former Ace chief
Michael Ashton, formerly chief executive of Ace global markets, has been hired as senior executive of Gibraltar's Ministry of Financial Services' finance centre department.
Sandy leaves Allianz operating profit outlook unchanged
Allianz has estimated that Hurricane Sandy, which hit the north eastern coast of the United States in late October 2012, has had an estimated total impact of $590m.
Aspen promotes Meyer to Bermuda CUO
Aspen has promoted its London-based marine and terrorism reinsurance head to the role of chief underwriting officer at the firm's Bermuda subsidiary.
Allianz vows to honour HMV extended warranty policies
Allianz has confirmed that it will honour insurance claims made under the extended warranty policies taken out by HMV customers, as the music giant falls into administration.
Dual eyes improved capital returns following managerial shake-up
Hyperion underwriting arm Dual has unveiled a string of managerial appointments today designed to strengthen the company's risk and governance functions.
Top five European stories
The top five European stories from www.insuranceinsight.com over the past seven days.
Equinox Global appoints Germany business head
Equinox Global has named credit insurer Euler Hermes' Hong Kong chief executive Henning Siess as head of Germany.
Insurance broker banned for misappropriating money
The Financial Services Authority has banned Harbinder Panesar from working in the financial services industry and fined him £212 237.
Equinox Global plans German expansion
Equinox Global has appointed Henning Siess as head of Germany, ahead of the planned opening of a new German office this year.
Rural ramps up underwriting team with ex-Aviva hire
Former Aviva commercial underwriter Simon Dixon has joined Rural Insurance's underwriting team as the first of four development underwriters the firm plans to recruit this year.
Consumers see insurance as essential not discretionary spend
When it comes to reducing expenses, European consumers are cutting back on discretionary areas such as dining out, holidays and clothing, but still see insurance as essential.
Zurich stresses importance of supply chain management
Organisations need to better understand the increasing complexity of their supply chain and evaluate the related risk exposures, according to Zurich.
RSA goes live with Xchanging settlement system
RSA has activated a new platform for internal net settlement developed by Xchanging and Deutsche Bank.
DLG inks Capgemini IT deal to leave RBS systems
Direct Line Group has signed a five-year deal with Capgemini for an independent IT system that will move the insurer from Royal Bank of Scotland Group tools.
Quindell reports £47m Ebitda
Quindell Portfolio's revenue is expected to reach £165m for the full year 2012 with adjusted Ebitda of approximately £47m, subject to audit.
Allianz puts Sandy loss at $590m
Allianz has estimated its hit from last year's Superstorm Sandy at €455m ($590m).
Hong Kong damages verdict due over 'mistaken' hospital treatment
Insurers in Hong Kong are waiting for a court ruling on damages claimed by two patients from the Hospital Authority after being paralysed following alleged mistaken medical procedures at hospitals.
Prudential eyes growing Asian middle class
Prudential's chairman has spelled out the huge growth potential in Asia.
China to increase foreign investment tenfold
China wants to encourage more overseas institutional investors into its capital markets.
Former Ace COO becomes Gibraltar's new insurance chief
The Government of Gibraltar has hired the former chief operating officer of Ace Global markets to lead insurance business development on the island.
Generali chief eyes €600m cost savings by 2015
Generali chief executive Mario Greco unveiled a programme of changes today aimed at reducing costs and increasing cash flow at the Italian insurer.
Ex-Provident chairman appointed Aviva NED
Aviva has appointed Sir Adrian Montague as non-executive director.