News
Quindell wins five-year deal with RAC
Quindell has said a new five-year contract that sees RAC implementing its end-to-end technology platform has the potential to be its largest revenue generator to date.
Ascent recognises costs of cyber breach notification
Ascent Underwriting, the cyber risks managing general agent, is ring-fencing the costs of cyber breach notification separately from its main insurance policy limit.
Towergate launches armed forces discount
UK armed forces members and veterans are to be offered discounted insurance products under a new partnership between Towergate and the Defence Discount Service.
Keycare recruits four after new contract wins
Key recovery and replacement specialist Keycare has bolstered its numbers following new commissions with Tesco Bank’s motor insurance business, as well as Go Skippy and Chaucer Direct.
Composite insurers likely to split in Malaysia
The Financial Services Act and Islamic Financial Services Act are likely to force composites, including takaful insurers, to split their units in the middle of the year.
Chinese fuel tanker shipped crude from Iran in March
Despite EU and US sanctions and lack of insurance cover, a Chinese tanker transported fuel from Iran last month.
Prime Professions deal “obvious fit” says Willis
Willis’ chairman of financial and executive risks has hailed the acquisition of professional indemnity broker Prime Professions.
Top 5 Asian news stories
The top five news stories from www.insuranceinsight.com over the past seven days.
Energy pool could allow Indian refiners to keep processing Iranian oil
India’s government is rumoured to be establishing a multi-million-dollar insurance pool to support local insurers giving coverage to refiners processing Iranian crude oil.
Top 5 European news stories
The top 5 stories from www.insuranceinsight.com over the past seven days.
Turkey and Poland to lead European bancassurance growth
The emerging markets of Asia-Pacific, Latin America, Turkey and Poland are projected to see significant bancassurance growth over the next four years, according to a report by data provider Timetric.
EU-US dialogue project agrees five-year plan
The Steering Committee of the EU-U.S. Insurance Dialogue Project has agreed on a high level work plan from 2013 to 2017.
Torus given green light to launch Lloyd's managing agency
Torus has received approval from the Financial Services Authority and Lloyd’s to launch its own Lloyd’s managing agency, to be known as Torus Underwriting Management.
Skuld launches marine trade disruption policy
Norwegian insurer Skuld has launched a marine trade disruption policy, offering protection for loss of income due to vessel delays beyond the operator’s control.
Eurozone insurers must be alert to possible interest rate rises says E&Y
The collective pain for the financial services sector in the Eurozone is almost over, although the recent Cypriot debt-crisis is a reminder of the fragility of the economic recovery, according to Ernst & Young.
Skuld launches offshore marine disruption product
Marine insurance provider Skuld has launched an offshore marine trade disruption product through its Skuld Syndicate 1897 and partnership with Transmarine.
UK motor hits 102% COR for 2012: E&Y
The UK motor insurance industry fell just short of breaking even over the course of 2012, but figures from Ernst and Young suggest that profitability may have already peaked.
Biba appoints equestrian schemes provider
South Essex Insurance Brokers has been appointed by the British Insurance Brokers’ Association as its members’ exclusive provider of equestrian insurance.
Generali takes full control of GPH
Generali Group has completed the purchase from PPF Group of the first tranche of shares in its Central and Eastern Europe joint venture Generali PPF Holding.
How are social media and mobile going to impact insurance distribution?
In today’s increasing digital market, the proliferation of new channels, products, services, and alternative players, is forcing Insurers to revisit their distribution strategies in order to understand the role of digital opportunities in closing the gap…
Bollington hires two account managers in Scotland
Bollington has secured further expansion within its Scottish operation with the appointments of two experienced account managers based in the region.
Helvetia appoints new head of investor relations
Switzerland’s Helvetia Group has appointed Susanne-Christina Tengler as its head of investor relations.
Insurers facing flurry of credit crunch professional negligence claims
City law firm RPC has warned insurers to brace themselves against a flood of 11th hour professional negligence claims relating to the build-up to the financial crisis.
Co-op appoints Deutsche Bank for GI sale
The Co-Operative has recruited Deutsche Bank to lead the sale of its general insurance operation with a price tag of more than £650m, according to reports.