News
More pets surviving cancer thanks to pet insurance, Aquarium says
Insurance software provider Aquarium has highlighted pet insurance as contributing to more pets surviving cancer.
Allianz UK profits climb 5.6% for 2013
Allianz has revealed UK operating profits climbing 5.6% to £170.5m in its full year 2013 results.
Mazars strengthens insurance team with two appointments
Advisory firm Mazars has announced two appointments within its insurance practice including Stephen Moore as a director.
Ascot signs five-year claims deal with Xuber
Ascot Underwriting has signed a five-year deal with Xuber, Xchanging’s insurance software business, for the provision of claims.
Hiscox announces Direct Asia acquisition
Hiscox has acquired Singapore-headquartered Whittington Group’s online business DirectAsia, subject to regulatory approval.
Insurance industry apprenticeship scheme kick-started
The insurance industry’s bid to double the number of apprentices was officially launched by high-profile figures from the sector at an event hosted by the Chartered Insurance Institute this morning.
Henry heads Marsh's Scottish business following Central takeover
takes helm of Marsh in Scotland following Central takeover
Amlin posts 23% profit rise for 2013
Lloyd’s carrier Amlin reported an increase in profit before tax of 23.3% to £325.7m for the full 2013 year.
Arthur J Gallagher creates Asia hub
Arthur J Gallagher has appointed Dick Heath as head of its newly created regional hub Arthur J Gallagher Asia.
RSA upgraded to A by S&P as strategic actions are undertaken
RSA has welcomed the decision by Standard and Poor’s to upgrade its rating to ‘A’ with a stable outlook following a rights issue and wider strategic actions undertaken by the insurer.
Zurich appoints Holce head of motor claims, Asia-Pacific
Peter Holce has moved from Aviva in the UK to work for Zurich's Asia-Pacific claims team based in Kuala Lumpur.
Malaysia Insurance Institute to help Cambodia in training
The Malaysian Insurance Institute and the Insurance Association of Cambodia have signed a memorandum of understanding to help enhance insurance knowledge and skills development for the insurance profession in Cambodia.
Indian opposition to consider increase in foreign investment cap
As Indian political elections loom, the opposition party has pledged to consider raising the foreign investment cap in insurance from 26% to 49%.
ELTO success rate hits 77%
The volume of search enquiries on the Employers’ Liability Tracing Office database more than doubled in 2013 compared to 2012, preliminary data released by ELTO showed.
Powerplace recruits from Zurich for business development booster
Powerplace has recruited from Zurich to bolster its business development team.
NIG launches mini fleet on e-trading platform
Commercial insurer NIG has launched mini fleet onto its full-cycle e-trading platform - The Hub.
Fitch keeps RSA on negative watch
Fitch has said it will keep RSA's 'A' insurer financial strength on rating watch negative amid capital raising measures by the firm.
First quarter weather claims could be highest for 20 years says Deloitte
The storms and heavy rain in the first two months of this year may result in the highest number of first-quarter claims since the storms of 1990, according to Deloitte insurance partner James Rakow.
Contract law not main obstacle to single insurance market
Contract law is only one obstacle to cross-border insurance within the EU, among many more important ones, according Insurance Europe.
Lancashire must convince investors of merits of Cathedral takeover
Bermudian insurer Lancashire must work hard to persuade investors of the merits of its Cathedral acquisition, following a lower than expected dividend pay-out to investors, according to Westhouse Securities.
Ambant tackles client monies trapped in brokers' loss funds
Ambant has launched a loss fund service, which aims to tackle millions of pounds sitting unproductively in unreconciled, lost, forgotten or inaccessible loss funds held by brokers and third party claims administrators.
AJG broadens footprint in Latin America with shareholding in JAO
Arthur J Gallagher has deepened its investment in the Latin American insurance market by purchasing a majority shareholding in Peruvian reinsurance specialist JAO & Partners, in partnership with Mexican broker Grupo CP.
Crawford bolsters UK business development unit
Adjusting giant Crawford & Company has boosted the numbers of it UK business development and key account management team, with the recruitment of four new team members and four promotions.
Most flooded homes now accessible says GAB
The majority of homes flooded since Christmas are now accessible to adjusters according to GAB Robins.