News
Long-serving staff hardest hit by Aviva’s latest round of job cuts
Aviva staff face renewed uncertainty following the insurer’s decision to axe 2000 jobs globally, eight months after 800 jobs were put at risk.
Simon Machell on six months gardening leave
Simon Machell, formerly CEO of higher growth markets at Aviva, is on six months gardening leave after leaving the insurer.
Axa targets 15% growth in Thailand
Axa is targeting to continue its run of good premium growth in Thailand, but 15% will be half of 2012's growth figure.
China Taiping's restructure moves forward
The Ministry of Finance and the Chinese Insurance Regulatory Commission have given China Taiping Insurance Holdings' parent TPG Group approval to begin a restructure of its insurance businesses.
RIMS offers help for Chinese market
The global risk management society RIMS has released a report on implementing an insurance program in China.
Europe's credit risk remains high as US and Asia fall
Credit risk is still high in Europe but the outlook is favourable in emerging Asia and in North America, according to Coface.
Swiss Re aims to show impact of quake risk on Latam communities
The Swiss Re Foundation and the GEM Foundation have unveiled a three-year collaborative project to create the first picture of seismic risk in Latin America to incorporate social and economic factors.
New model can highlight political violence exposure, says Towers Watson
Professional services firm Towers Watson has unveiled its new Sunstone model, designed to give firms a better understanding of their terrorism exposure.
Post Claims Club: Online experts blast insurers for poor social media performances
Insurers are “petrified” of engaging with their customers through social media, according to Jonathan Callcut, chief sales officer at cloud-based social commerce firm Reevo.
Post Claims Club: Claims forms need a rethink to obtain honest answers
Insurers’ claims forms encourage dishonest answers from policyholders, according to Consumer Intelligence chief executive Ian Hughes.
Post Claims Club: London market should follow other sectors’ lead in implementing standards
The London market could benefit from the introduction of a road traffic accident portal-like electronic system with fixed timelines and costs consequences for delays in decision making, according to Martin Thomas, chief claims officer at Aon Risk…
Equity names Xchanging’s Yorke as its first COO
Equity Insurance Group has continued to restructure its leadership following yesterday’s confirmation that the Aquiline purchase had completed.
Acord hires chief standards VP from Zurich
The Association for Cooperative Operations Research and Development has hired Monique Hesseling for the role of vice president and chief standards officer.
2013 British Insurance Awards shortlist announcement at noon today
Today at noon Incisive Media insurance division editor-in-chief Jonathan Swift will unveil the nominees for the 2013 British Insurance Awards.
Barnett & Barnett rebrand delayed by Equity sale
A rebranding exercise at Barnett & Barnett and NBJ was delayed by the sale of Equity Insurance Group to US private equity house Aquiline, according to managing director Neil Campling.
Guernsey and Hong Kong sign double taxation agreement
Guernsey has signed a double taxation arrangement with Hong Kong, taking the number of jurisdictions it has full DTAs in place with to seven.
Private equity houses tipped as frontrunners in Giles sale
Giles backer Charterhouse will find a welcoming audience in private equity markets as it seeks to sell its stake in the broker.
Video chat firm targets insurers with facial recognition software
The company behind a new online facial recognition technology has claimed insurers that sign up to use the software will make significant savings by reducing fraud and winning back market share from aggregators.
Xchanging names former Charles Taylor London Market boss as chief reinsurance adjuster
Technology provider Xchanging has promoted its head of delegated lead to a new position as chief adjuster for reinsurance in its claims services business.
Tripoli bomb exposes weak state security
The bombing of the French Embassy in the Libyan capital of Tripoli earlier today tells of the country’s faltering security, IHS said.
Brokerbility inks law firm partnerships
Broking group Brokerbility has complete partnership deals with law firms Berrymans Lace Mawer and DAC Beachcroft that will see members provided with services.
Former Catlin boss Freshwater to take on CFO role at Zurich
Zurich has appointed Neil Freshwater to the role of chief financial officer for its general insurance and shared services business in the UK.
Career file: Carl Beardmore
BMS CEO resigns from role as business concentrates on strategic development.
Market Moves: Ace, Bluefin, LV and Charles Taylor Insurance make new hires
It was honours even between the insurer and the broking sectors this week, with Ace once again leading the way for insurers with a couple of key hires.