News
Kwik-Fit backs Insurance Fraud Register
A quarter of insurers do not think the industry is collaborating enough to tackle fraud, according to Kwik-Fit Financial Services.
Giles appoints corporate risks branch director
Independent insurance broker Giles has appointed John Leckie as branch director for its corporate risks business.
Generali profit up 37.3% for first nine months despite cat losses
Italian insurer Generali posted 37.3% growth in net profit to €1,133m in the first nine months of 2012, driven by progress in production and strong growth in the life operating result.
Crawford & Co staff homeless after Sandy
Up to 660 Crawford & Company employees have been affected by superstorm Sandy, including nine people whose homes were destroyed.
German joint venture and expansion in Asia help Markel Int return to underwriting profit
Markel International has reported gross written premiums up 4% to $705m for the nine months ended 30 September 2012.
Allianz UK delivers stable performance
Allianz UK saw gross written premiums grow by 1.9% to £473.2m (€593m) in the third quarter, but operating profits in the business division took a £2m dip to £40m (€50m).
Beazley reports 9% climb in GWP
Beazley has reported a 9% increase in gross written premiums in an interim management statement marking its year to date results.
Aggregators hit as SSP suspends service
Software provider SSP temporarily suspended its service yesterday on Money Supermarket, Go Compare, Confused, Compare the Market and Google Compare.
ABI boss Dalton slams 'questionable' Apil whiplash report
Statistics published in an annual whiplash report have been branded "questionable" and "self-serving" by the Association of British Insurers.
ING to axe 1350 insurance staff
Dutch finance giant ING is to cut 2350 jobs, over half of which will come from insurance operations.
Myanmar corruption could be obstacle for insurers
Corruption is one of the many stumbling blocks facing insurers entering Myanmar's fledgling insurance market, industry insiders have told Reuters.
Apil president calls for insurers to back his anti-fraud plan
Association of Personal Injury Lawyers president Karl Tonks has challenged the insurance industry to work with Apil to tackle "genuine fraudsters", following the publication of the association's annual report on whiplash.
Allianz CEO urges insurers to embrace Russian market
The rapid development of compulsory insurance in Russia provides a huge opportunity for foreign insurers, according to Hakan Danielsson, chief executive of IC Allianz Russia.
First Central unveils motor breakdown product
First Central has launched a new breakdown cover product to help motorists with day-to-day problems.
State run Indian GI insurers seek common TPA arrangement for health
State-run Indian general insurance companies are setting up a common third-party administrator to settle medical insurance claims, to trim unwieldy claims ratios and boost profitability.
Fire losses make up 50% of Indian GI claims
Fire losses accounted for over half of the claims lodged with Indian general insurance companies in 2011-12.
GAB Robins reports profit rise in 2011
GAB Robins' pre-tax profit increased to £2.14m for the full year 2011, from £1.56m in 2010.
Jubilee parent completes Direct Group deal
Ryan Specialty Group is completing the acquisition of Direct Group today.
RSA hails "unique geographic footprint" after 15% growth in emerging markets
Emerging markets led growth for RSA in the first three quarters of 2012 as challenging conditions continued to affect performance in its core European market.
Towergate dismisses Paymentshield speculation
Towergate has denied speculation that the firm is planning to sell its mortgage payment and insurance business Paymentshield.
Chubb HNW offering receives facelift
Chubb is revamping its high net worth underwriting and account handling teams in a bid to make its offering more relevant to brokers.
Benign nat cats help Swiss Re to $2.2bn net income in Q3
Swiss Re reported net income of $2.2bn in the third quarter of 2012, driven by strong performance from P&C reinsurance and a one-off gain from the sale of the Admin Re US business.
Swiss Re sees Q3 profits soar
Reinsurance giant Swiss Re has reported an improvement of just over 60% in group profits for the third quarter.
Two aviation underwriters join Antares
Lloyd's insurer Antares has appointed Simon Hennessy and Russell Mason as aviation underwriters.