News
Axa to use BAE systems fraud detector
Global insurer Axa has signed up to use BAE Systems claims fraud prevention service which it says will increase its efficiency and prevent honest customers from paying for fraudulent claims.
QBE pledges to grow following Glasgow move
Business insurer QBE has signalled Scottish expansion plans by moving its Glasgow office to larger premises and to move closer to the central business district.
XL appoints Harris from Chartis as International P&C CEO
The insurance segment of XL Group has appointed Jason Harris as chief executive of its International property and casualty insurance business.
Markel enters German market through joint Anglo venture
Markel International has signed a joint venture agreement with Anglo Underwriting and moved into Germany.
Markel enters Germany with Anglo buy
Markel International has taken a 50% stake in Munich-based Anglo Underwriting with an option to acquire the remaining 50% by 2017.
Coversure opens in Swansea
Coversure has opened its third Welsh franchise, this time in Swansea, with former broker and Admiral worker Jason Lawrence (left in picture) heading up the operation.
NHS contractors must have insurance
Baroness Finlay of Llandaff, professor of palliative care at Cardiff University, has warned the government must force private health contractors to have insurance against negligence claims.
Governments should act like companies, says Geneva Association
Governments of risk-prone countries must make progress in understanding the risks their countries are exposed to and learn to manage them properly, according to the Geneva Association.
Fairfax takes 25% Thai Re stake
Financial services company Fairfax is to acquire approximately 25% of the issued and outstanding shares of Thai Re in a deal worth approximately $70m.
Crawford to handle Oxford St flood claims
Loss adjuster Crawford & Company has confirmed it is handling claims arising from a burst water main on Oxford Street in London.
Straw’s motor bill awaits second reading
Jack Straw’s Motor Insurance Regulation Bill is set to have its second reading in the House of Commons today.
Marketform CEO steps down
Marketform director and chief executive Simon Turner has stepped down from his joint role at the specialist Lloyd’s insurer in order to concentrate on the health of his wife.
Ageas reveals policy changes ahead of Olympics
Ageas has outlined new terms in its shopkeeper policy ahead of this summer’s Olympic Games.
Indian COR poll
When will the Indian non-life market reach a combined operating ratio of 100%
Lockton Dubai is granted Lloyd's broker status
Lockton Middle East and North Africa has received Lloyd's broker registration.
Mapfre appoints three chairmen across the business
Rafael Casas, Javier Fernández-Cid and Pedro de Macedo have been appointed chairmen by the boards of directors of Mapfre America, Mapfre Internation and Mapfre Re respectively.
Ace heads to Kiev
Global (re)insurer Ace has opened an office in the Ukrainian capital Kiev in order to foster relations with the local market and capitalise on the region’s growing economy.
Barbican makes fresh Omega bid
Barbican sent a letter to rival Omega this week outlining a “merger of equals”.
Arle completes CSG sale and acquires new partner
Arle Capital Partners has sold Capital Safety Group for an enterprise value of $1.12bn (£72m) in a deal which will see former CSG chief executive Anders Pettersson join Arle as a partner.
Talanx and KBC reach €770m agreement on Warta
KBC group has reached an agreement with Talanx International AG for the sale of 100% of the shares of KBC's Polish insurance subsidiary TUiR Warta for a total consideration of €770m.
Haymarket expands marine security in face of piracy threat
Haymarket Risk Management is expanding its maritime security division in response to the growing threat of piracy.
Lockton Dubai gains Lloyd’s broker status
Lockton Dubai has received Lloyd’s broker registration.
Axa SA and Ace believed to be vying for HSBC
Axa SA and Ace are believed to be in the final running for HSBC Holdings’s non-life insurance operations.
CNA Europe extends health products to include BI
CNA Insurance Company has has added property and business interruption coverage to its suite of products for the advanced medical technology sector.