News
Innovation Group reports revenue increase for latest six months
The Innovation Group, a provider of software and business process outsourcing to the insurance, fleet, automotive and property industries, has reported its interim results for the six-month period ending 31 March.
Wilson and Gourlay promoted at MSIG
Alan Wilson, Asia regional CEO of MSIG, and Michael Gourlay, vice president of business development, Asia have both been promoted.
Walker to join QBE as Hong Kong CEO in July
Mark Walker has left Allied World where he was CEO of its recently acquired Hong Kong division and will join QBE as its new Hong Kong CEO in mid-July after a period of gardening leave.
Insurance Institute of Southampton appoints solicitor as president
Trethowans Solicitors partner Kelvin Farmaner has been appointed as president of the Insurance Institute of Southampton.
Covéa to shift away from broker-only distribution model
Covéa is planning to make a change to its distribution channels and move away from its existing broker-only model, Post understands.
Postman jailed after music festival performance exposes fraudulent claim
A postman who attempted to defraud Esure out of hundreds of thousands of pounds in compensation after exaggerating the effects of a workplace accident has been jailed.
Aviva policyholder demands answers from chairman on French arbitrage life contracts
The French life assurance holder who wants Aviva to honour his fixed-price arbitrage contract has sent an open letter to the insurer's chairman urging him to address four questions he claims were "avoided" at Aviva's annual general meeting in April.
Jon Dye ‘very happy' with Allianz's Q1 results
Allianz CEO Jon Dye has said he is "very happy with what we have achieved" after the firm reported an increase in group gross written premiums and an "excellent" combined ratio for the first quarter of 2015.
Birmingham top choice for SME hub, Axa report states
Nine out of 10 SME directors claim the creation of an SME hub outside of London would be “beneficial” to the UK economy, according to an Axa report.
Axa offers free ridesharing cover to Bla Bla Car members
Axa has partnered with ridesharing group Bla Bla Car to offer free insurance cover to its members in the UK and France.
Allianz posts increased GWP and lower COR for Q1 2015
Allianz has reported a jump in gross written premiums and a reduced combined operating ratio for the first quarter of 2015, in figures published today.
Howden recruits five from JLT in Singapore
Howden International has recruited five senior brokers from rival JLT in Singapore.
Keey denies diverting Towergate acquisition opportunity
Christopher Keey, a former independent consultant to Arthur J Gallagher, has denied involvement in diverting an opportunity to acquire Towergate away from Gallagher and also rejected being any part of an orchestrated team move to the broker.
Ex-Gallagher CFO Mugge claims he had no restrictive covenants
Former Arthur J Gallagher International chief financial officer Mark Mugge has denied that he was subject to any post-termination restrictive covenants with his ex-employer.
Gallagher had ‘no appetite' for Towergate purchase, Ross claims
Arthur J Gallagher did not have the appetite or financial capacity to acquire Towergate due to a $30m (£19m) cap on acquistions, according to a High Court defence document signed by incoming Towergate CEO David Ross.
AIG replaced as Boots schemes travel provider by IIS
High-street chemist Boots has replaced AIG as the schemes provider for its travel insurance suite with Travel Insurance Facilities subsidiary Infinity Insurance Solutions.
Ross claims he felt unsafe at home after Gallagher surveillance
Incoming Towergate CEO David Ross has filed a counterclaim against former employer Arthur J Gallagher International alleging the broker misused his private information after having him followed by a surveillance company.
Quiz of the week - 15 May
Do you know your Biba from your BIA?
Hill Dickinson puts 30 insurance staff on redundancy risk
Law firm Hill Dickinson has placed 30 of its insurance staff on risk of redundancy, subject to a 30 day consultation period.
Healix International snaps up Capita Global Assistance
Healix International is to acquire medical and travel assistance company Capita Global Assistance.
Skuld's 2014 bottom line result drops 53%
Norwegian marine insurer Skuld has reported a bottom line result of $13.5m (£8.5m) for the 2014 financial year; a decrease on its 2013 result of $29m.
Generali loses motor market share in Italy and France
Italian insurer Generali saw a 4.6% property and casualty profit decline in the first quarter after it counted the cost of storms in Italy, Germany and Austria.
Guest promoted at XL Catlin in Singapore
David Guest, formerly underwriting manager, crisis management at XL has been promoted at newly formed XL Catlin.
Western Australia signs up to compulsory third party motor insurance
From 1 July 2016 motorists in Western Australia will be required to purchase third party (no-fault) insurance.