News
Allianz reports €30bn revenue in Q1
Allianz Group achieved total revenues of over €30bn in the first quarter of 2012, based on preliminary figures, compared to €29.9bn the previous year.
Mobile operator Three hit by claims fraud
Rising fraudulent claims has forced UK mobile phone network Three to stop selling phone insurance, the FT reports.
Aviva CEO Moss married employee the day after shareholder rebellion
Ex-Aviva chief executive Andrew Moss reportedly got married to former employee Deirdre Galvin the day after the shareholders revolt at the Annual General Meeting.
Quindell signs £120m deal with UK broker
Acquisitive outsourcer Quindell Portfolio claims to have landed a £120m three-year motor claims and supply chain outsourcing deal with a large un-named UK intermediary.
XL net income jumps to $227.3m after Q1 loss last year
XL has posted an operating net income of $165.2m for the first quarter, a slight increase on last year’s $163m but it has turned around its net income from a $227.3m loss to a $176.6m profit.
Crawford & Company posts 50% net income drop in Q1 results
Crawford & Company has recorded a 50% reduction in its first quarter net income, which stands at $6.1m (£3.8m) compared to $12.1m (£7.5m) for the same period last year.
Anglo-Arab launches war and terrorism travel cover
Anglo-Arab Insurance Brokers launched the first online global travel plan to include war and terrorism cover as standard at the Arab Travel Markets Conference in Dubai on 30 April.
Ousted Aviva boss Moss set to pocket £1.75m in remuneration
Aviva has this afternoon revealed that Andrew Moss will walk away with up to £1.75m after stepping down from his role as group chief executive.
Sign up to live webinar - Commercial property: Managing natural disaster risk
Globally, 2011 was a record year for natural catastrophe losses, and flood risk remains high on the agenda.
Sign up to live webinar - Commercial property: Managing natural disaster risk
Globally, 2011 was a record year for natural catastrophe losses, and flood risk remains high on the agenda.
Biba launches Find a Broker app
The British Insurance Brokers’ Association has launched a Find a Biba Broker mobile application for iPhones and iPads to help customers locate Biba members and promote general insurance brokers.
Aviva set to reap rewards of AJG swoop for IDL
Arthur J Gallagher International has today snapped up niche over-50s personal lines specialist Insure 4 Retirement from previous owner Equity. The deal boosts the premium per year being put through subsidiary OIM Underwriting by well over £100m in a…
FSA fines Mitsui Sumitomo for corporate governance failings
The Financial Services Authority has fined Mitsui Sumitomo Insurance Company £3,345,000 for serious corporate governance failings, and imposed a ban and fine of £119,303 on its former executive chairman, Yohichi Kumagai.
Aviva shareholder meeting played important part in Moss departure
The Aviva shareholder meeting was a "significant development" in chief executive Andrew Moss' decision to step down, a source close to the insurer has said.
IFB bolsters fight against fraud with four appointments
The Insurance Fraud Bureau has appointed four new members of staff.
Eurobase and Mphasis form strategic partnership
Eurobase Insurance Solutions, has formed a strategic partnership with applications and business process outsourcing company Mphasis to deliver a new shared solution to the market.
HSBC admits a further £290m in PPI costs
Bank HSBC has revealed it has set aside a further $468m (£290m) for payment protection insurance misselling claims in its Q1 accounts (Q1 2011: $440m).
Shareholders dismiss Regan as Aviva CEO heir apparent
Aviva shareholders have called for an external candidate to become the new chief executive, casting doubt over current chief financial officer Patrick Regan taking over the reins.
China publishes draft proposals on agricultural insurance
China has issued draft proposals for regulating agricultural insurance to solicit public opinion on the measures designed to promote the sound development of the farming sector, according to a circular published by the Legislative Affairs Office of the…
Aviva's Moss resigns following pay vote furore
Beleaguered Aviva boss Andrew Moss has bowed to pressure for his resignation following the embarrassment of last week’s shareholder revolt over executive remuneration.
Aviva share price dissent was 'harsh', analysts say
Analysts have taken pity on Aviva, stating that criticism of its financial performance was "harsh".
Top 10 news stories
The top 10 most popular articles published on insuranceinsight.com over the past seven days.
Tysers and Aquila group sees profits soar
The parent company of Lloyd's broker Tysers and underwriting agency Aquila - Hawkes Bay Holdings - has announced revenues up 6% to £37.6m (2010: £35.5m) and a pre-tax profit that almost doubled to £5.18m (2010: £2.67m).
Mitsui hit with £3.5m FSA fine
The Financial Services Authority has fined Mitsui Sumitomo Insurance Company (Europe) £3.5m for serious corporate governance failings, and imposed a ban and fine of £119 303 on its former executive chairman, Yohichi Kumagai.