News
Coface premiums up 3.1% after strong Apac and Latam growth
Credit insurer Coface posted a 6.6% rise in net profit (excluding restructuring costs) to €129m in the first full year results since its re-brand.
Ince & Co appoints senior shipping consultant
Law firm Ince & Co has named Xu Guo as a consultant. Based at the firm’s Beijing office, Guo will provide shipping advice.
Coface profits boosted by emerging markets growth
Credit insurer Coface Group has seen its full year profits bolstered by emerging markets performance, with net profits up 6.6% to €129m.
Marsh unveils UK and Ireland large corporate unit
Marsh has created a single division to serve mid-size and large corporates across the UK and Ireland, along with multinational clients in the region.
Insurer Arrow visits up 38% in 2012
Intensive regulatory inspections of insurers increased 38% last year according to figures from law firm Reynolds Porter Chamberlain.
Thomas Miller boosts Asia Pacific office
Andrew Jones will become CEO of Thomas Miller (Asia Pacific), which manages mutuals, from the beginning of April.
Towergate inks white label deal for Lorega loss recovery products
Insurance intermediary Towergate has completed a five year deal to provide Lorega’s products to its clients.
China IPO approvals still awaiting timetable
The China Securities Regulatory Commission has yet to set a timetable for resuming IPO approvals, scotching rumours that it would start pushing through new candidates in April, an official from the securities watchdog told Xinhua news agency.
Marsh restructures UK & Ireland corporate practice
Marsh has amalgamated its national corporate and risk management practices with its UK & Ireland operation along with Marsh Risk Consulting in its newly created corporate division.
Aviva to post £3bn+ loss: reports
Aviva could be set to post a full year loss of more than £3bn, according to reports in the Sunday Times.
Amlin returns to gross profit after £141m Sandy claims
Amlin has posted a pre-tax profit of £262.2m for the year ending 31 December, swinging into profit after a £193m loss in 2011.
Hong Kong targets captives
The Hong Kong government is to implement a 50% profits tax reduction on captive insurers' offshore insurance business.
New India targets 55 000 more agents
New India Assurance wants to more than double its agency base in India and will open three more offices overseas.
BT granted ABS approval
BT is set to target the motor claims industry having been granted approval by the Solicitors Regulation Authority to operate an Alternative Business Structure.
Mass considering options following RTA ruling
The Motor Accident Solicitors Society will mull over its next steps following the rejection of its judicial review into the consultation on fixed fees in the Road Traffic Accident Portal.
Apil: ‘Dark day’ for innocent PI claimants
The Association of Personal Injury Lawyers said today was a “dark day” for innocent claimants, as the High Court rejected its legal challenge to the Ministry of Justice consultation on the Road Traffic Accident scheme.
ABI backs "common sense" RTA portal ruling
The Association of British Insurers has backed the High Court’s decision to reject a judicial review of the Road Traffic Accident personal injury scheme.
Court rejects Apil and Mass’ judicial review
The High Court has rejected the joint legal challenge launched against the Road Traffic Accident personal injury scheme consultation process, launched by the Association of Personal Injury Lawyers and the Motor Accident Solicitors’ Society in January.
PZU plans to cut 630 jobs as part of restructure
Polish insurer PZU expects to cut 630 jobs as part of its restructuring plans.
Hastings relaunches TV marketing campaign
Hastings Direct has created three new 30 second adverts based on a new strapline: “refreshingly straightforward insurance.”
Peter Haynes becomes MD of ANV syndicate
ANV Holdings BV, the Dutch headquartered specialty insurance business, has appointed Peter Haynes as the Managing Director for ANV Syndicate.
LV criticises RTA portal legal challenge
LV has criticised the two claimant lawyers’ representative bodies challenging the extension of the road traffic accident portal and the capping of legal fees.
IFB boosts fraud fight with new member
Car and van insurance provider Octagon Insurance has become the latest organisation to sign up as a member of the Insurance Fraud Bureau.
Laspo to leave law firms at risk of negligence claims
The Legal Aid, Sentencing and Punishment of Offenders Act, due to take effect on 1 April 2013, will leave law firms at risk of professional negligence claims, warned Elite Insurance.