News
Crawford to realise superstorm Sandy claims in Q4
Crawford & Company has anticipated that superstorm Sandy will generate "significant claims" expected to materialise in the fourth-quarter results.
Bloodstock specialist signals growth plans with four signings
Specialist bloodstock and private client intermediary Weatherbys Hamilton will appoint four new partners in 2013.
Soter appoints Humphreys to head of operations role
Incident manager Soter Professional Services has appointed Dan Humphreys as head of operations with immediate effect.
Too early for Sandy loss estimates, says Hiscox
Hiscox chief executive Bronek Masojada has refused to be drawn on loss estimates following the release of the insurer's results for the nine months ending 30 September.
Go Compare reacts to sale rumours
Aggregator Go Compare has played down rumours of a sale, stating "nothing has changed".
Scor catastrophe bond to protect against European perils
As part of a strategy to diversify its capital protection tools, Scor has launched a multi-million pound catastrophe bond to provide protection against European windstorms, US hurricanes and earthquakes.
Ship that ran aground during cyclone had valid insurance, owner says
The oil tanker Pratibha Cauvery, which ran aground during Cyclone Nilam, was seaworthy and had valid insurance cover, according to a marine manager at Pratibha Shipping Company.
Equinox Global appoints Sweden-based underwriter
Equinox Global has recruited Lars-Erik Granqvist as a senior underwriter.
Equinox Global snaps up Scandinavian senior underwriter
Trade credit specialist Equinox Global has swooped for a new senior underwriter in the form of Coface global deals executive Lars-Erik Granqvist.
Premex rolls out personal injury claims service
Premex Services has launched a dedicated brand to support professionals handling complex personal injury cases.
China Pacific Insurance gets nod for private share placement
China Pacific Insurance has received approval from the Chinese securities regulator to raise HK$10.4bn ($1.34bn) in an H-share private placement, according to a statement on the stock exchange.
HSBC India denies reports of suspended insurance sales
Hong Kong and Shanghai Banking Corp has denied that it has stopped selling insurance in India, following media reports that the company had suspended sales after allegations of mis-selling.
Sterling Insurance keeps stable rating
Fitch Ratings has confirmed the financial strength of Sterling Insurance and Sterling Life at BBB+ with a stable outlook.
PICC appoints legal firms for IPO preparations
Legal firms Slaughter and May, Sullivan & Cromwell and Davis Polk & Wardwell have picked up lead advisory roles as the state-owned People's Insurance Company of China gets closer to an initial public offering.
Quinn Insurance founder faces nine-week jail term
Sean Quinn, the founder of Quinn Insurance, has been handed a nine-week jail sentence for contempt of court.
HSB steps up recruitment drive with double regional hire
HSB Engineering Insurance has strengthened its regional business development teams with the appointments of Daniel Maskell in London and Adam Phillips in Birmingham.
Hiscox attributes £1.2bn GWP to errors and omissions rate rises
Hiscox has reported gross written premium of £1244.4m for the nine months to 30 September 2012, a 6.4% increase on £1169.5m for the same period in 2011.
Scor places catastrophe bond against Europe and US perils
Scor has launched a multi-million pound catastrophe bond to provide protection against US hurricanes and earthquakes and European windstorms as part of a strategy to diversify its capital protection tools.
Go Compare boss to consider sale
Go Compare boss Hayley Parsons has reportedly appointed advisors to look at selling the aggregator.
Zurich ends Thomas Cook HNW deal
A Zurich spokesman has confirmed that the recent re-launch of Zurich’s high net worth travel product was preceded by the cancelling of a tie-up with White Horse Insurance.
Twelve jobs at risk at the Chartered Insurance Institute
The Chartered Insurance Intitute has placed up to 12 people on redundancy consultation, Post understands.
Spain's Mapfre has 7.1% share of Latin America market
Mapfre continues to have the second largest market share in the Latin America insurance market, behind Bradesco Seguros, according to a survey published by the Insurance Sciences Institute of Fundación Mapfre.
Arista appoints underwriter in broker relationships initiative
Commercial lines underwriter Arista has appointed Mick Hunter as development underwriter in its St Albans office in a bid to boost relationships with brokers.
Eurobase continues hiring spree
Global software provider Eurobase Insurance Solutions has appointed David Towning as projects director and Caroline Bedford as senior business analyst.