News
XL rebrands and targets Brazil office
XL Group has launched a new global brand and marketing campaign with a new logo and the tagline: “Make Your World Go”.
Staddon resurfaces at Devitt
Former British Insurance Brokers Association head of technical services Peter Staddon has joined Devitt as broker personal lines executive director.
Ferma 2011: Risk managers face change
Risk managers face an environment of uncertainty and continuing change, Peter den Dekker, the President of the Federation of European Risk Management Associations, has warned.
Aviva Ireland restructuring could lead to job cuts
Aviva talks to Unite about restructuring plans in Ireland, which could lead to between 300 and 500 job losses.
Cobra records £1.7m full year loss
Insurance broker Cobra has announced a pre-tax loss of £1.74m including a goodwill impairment charge of £1.5m for 2010/2011.
Zurich stops writing NZ earthquake cover
Zurich New Zealand will no longer write any new earthquake cover following the catastrophes in Canterbury and Christchurch in February.
Davies boss reveals change of PE backer
Davies CEO Charles Crawford today confirmed to Post that a buyout agreement has been reached which will see Electra Partners replace Lloyds Development Capital as the firm’s private equity backer.
'Fake death' fraudster sentenced to six years
A callous fraudster who made a £520 000 claim to Ace Europe after faking his own death while in Honduras has today been sentenced to six years imprisonment.
Insurers “competitive but cautious” at Q3 renewals, according to Marsh
Despite significant insurance losses in the first half of the year, insurers remain “competitive but cautious”, according to global broker Marsh.
Marsh report points to 'stable rate environment'
Insurers have remained competitive but cautious despite suffering significant catastrophe losses in the first half of the year, according to a Marsh study.
OFT consults on motor insurance case amendment
The Office of Fair Trading has opened a consultation on an amendment to commitments offered by a number of motor insurance companies designed to address competition law concerns about the potential exchange of pricing data between competitors.
German insurers face endurance test, says S&P
German insurers are being tested by challenging conditions in the financial markets, according to Standard and Poor’s.
European contract law poll result
Does the European insurance market need an optional contract law?
Insurance Insight weekly update live
Insurance Insight’s weekly update is live with an article on International geocoding; and a View from the Top on the importance of collaboration and partnership for the modern broker.
BIS 2011: Industry warned over reliance on internet for information
“It is a danger to rely on publicly available information” the insurance industry has been warned by Ashwin Mistry, chairman of Brokerbility.
Zurich closes MAAB acquisition
Zurich Financial Services Group has completed the acquisition of 100% of the share capital of Malaysian composite insurer Malaysian Assurance Alliance Berhad.
Swiss Re chief becomes head of Climate Wise
Swiss Re director John Coomber is to become the new chairman of Climate Wise on 1 October.
Irish VHI loses ECJ case
The European Court of Justice has found that Ireland infringed European law by exempting VHI from insurance rules.
GAB Robins graduates first to pass CILA qualification
Three GAB graduate trainees have become the first to pass the new CILA certificate qualification.
Portuguese Tranquilidade's maintains 'BBB-' rating
Portuguese insurer, Companhia de Seguros Tranquilidade SA's maintains 'BBB-' insurer financial strength rating on rating watch negative.
Climate Wise chairman named
John Coomber, member of the board of directors of global reinsurer Swiss Re, will become the new chairman of Climate on 1 October.
BIS 2011: Insurers challenged to improve e-commerce
The starting point of a good website is no longer enough, insurers have been warned.
Bupa lands UK Sport deal
Bupa has been named as the official health insurance partner of UK sport.
Insolvencies drop among big firms
Credit data provider Experian says the rate of insolvencies dropped to 0.08% in August, its lowest point since February, but up on last August’s 0.07%.