News
Groupama targets application fraud with data screening process
Groupama is rolling out a new fraud detection system for brokers that targets fraudulent activity at the point of quote.
Simply Health launches cash plan module
Healthcare specialist Simply Health has introduced a new private medical insurance excess module to its corporate cash plan.
Asian results help JLT offset difficult European trading period in 2011
Strong retail revenue growth and margins in Asia helped Jardine Lloyd Thompson offset difficult trading environments in Europe and deliver profit before tax of £147.6m for the full-year ending 31 December 2011.
European risk board urged to investigate environmental investment
In an open letter to Mario Draghi, president of the European Central Bank and chair of the European Systemic Risk Board, a coalition of experts, investors, NGOs and universities have urged the ESRB to investigate how the European Union's exposure to…
Dexia Bank Belgium rebrands as Belfius Bank & Insurance as it reveals 2011 losses
After reporting a net loss of €1,367m after tax for 2011, Dexia Bank Belgium has rebranded as Belfius Bank & Insurance.
RSA appoints Evans as group HR director
RSA has appointed Vanessa Evans as group HR director, responsible for HR strategy and teams worldwide.
PZU targets 5bn PLN in five years from health insurance
Polish insurer PZU is hoping that legislative reform will allow it to expand its Polish healthcare portfolio.
Narec joins with Spanish Idermar on offshore energy project
UK renewable energy finance and insurance company Narec Capital has been appointed by Idermar, developer of Europe's leading offshore wind meteorology platform technology, to advise on finance, insurance and UK market entry.
Axa to make £1.2bn revenue in new distribution strategy
Axa Commercial Lines has launched six new products in the first wave delivery of its multi-channel distribution strategy to help brokers compete and grow.
Marsh appoints Lay business development leader international
Broker Marsh has appointed Chris Lay to the newly created position of business development leader for its International division, which comprises all Marsh's operations outside North America.
RSA appoints replacement HR director Vanessa Evans
RSA bosses hope to have found the perfect fit in the appointment of former Lego global retail HR director Vanessa Evans as Orlagh Hunt's replacement in the role of group HR director at the insurer.
CEA rebrands as Insurance Europe
The CEA, the European insurance and reinsurance federation, is rebranding to become Insurance Europe.
Novae suffers £6m loss before tax in "torrid year" for general insurance
Specialist insurer Novae has reported an underlying loss before tax of £6m for the year to 31 December 2011 in a "torrid year for the non-life insurance industry" compared to £36.2m profit in 2010.
NEDs left in the dark about underwriting risks, claims Mazars study
Non-executive directors at some of the UK's biggest insurance firms are being left in the dark about underwriting risks associated with coverholder audit results.
Hardy chairman blames 'challenging years' for £50m losses
Hardy Underwriting Bermuda chairman David Mann has bemoaned the past two "challenging years" for a loss before tax of £42.1m against the previous year's £10m profit.
Ai Claims revenue hit by warmer winter weather
Ai Claims has posted a 21% drop in revenue to £47.5m (from £60.1m in December 2010) for the six months to 31 December 2011, citing warmer winter weather and shorter repair times.
Overseas revenue surge drives 13% pre-tax profit rise at JLT
Strong retail revenue growth and margins in Asia and Latin America helped offset difficult trading environments in Europe and Canada to deliver an overall 13% pre-tax profit rise for Jardine Lloyd Thompson for the full-year ending 31 December 2011.
Woodgate & Clark snaps up Fitzpatrick following Crawford departure
Graeme Fitzpatrick has joined loss adjusters Woodgate & Clark after leaving his position as managing director general insurance at Crawford.
Career development: Markerstudy gains ILM accolade
Markerstudy has been granted 'centre status' by the Institute of Leadership and Management.
Groupama and Brit hit snags as they try to shortlist potential buyers
Industry big-hitters linked to Direct Line Group chairman role
One year on, Christchurch still counting the cost
February marked the first anniversary of New Zealand’s most deadly natural disaster. One year on from the magnitude 6.3 quake that devastated downtown Christchurch on 22 February 2011 and claimed the lives of 185 people – and with the dust far from…
MEPs on the front foot as Prudential sparks fear of mass insurer exodus
Solvency II concerns in the spotlight after UK giant linked with Hong Kong move
My best 11: Jon Bates, APC Underwriting
APC Underwriting operations director Jon Bates selects his best XI for an insurance startup. Bates has snubbed the Premier League, with a team dominated by brokers and fellow underwriting agency players, including his boss as captain, with the surprise…
Market moves: Insurers dominate again
Zurich made two high-profile appointments this week, as the recruitment space was once again dominated by insurers.