News
CMC closed and two fraudsters behind bars following IFB investigation
A claims management company has been shut down and two fraudsters jailed after the Insurance Fraud Bureau and Metropolitan Police exposed a ‘crash for cash’ fraud ring worth potentially millions of pounds.
Crawford makes double hire on UK general property team
Loss adjuster Crawford & Company has recruited a new operations manager and field team manager on its UK general property team.
Middle East Insurance Forum: Diversified distribution essential for Middle East insurers
Insurers in the Middle East need to diversify their distribution networks in response to changing consumer behaviour, according to industry specialists at the Middle East Insurance Forum.
Markel hoping to close Alterra purchase in April
Markel president William Stovin has told Post the firm hopes to have fully acquired Alterra Capital by the start of Q2.
Report reveals identity of 'best and worst' claims teams of 2012
A report into which insurers possessed the best and worst performing claims teams last year has been published - with Catlin in the top spot and Zurich and RSA languishing at the bottom of the table.
Middle East Insurance Forum: Talent remains a challenge for growing GCC insurance industry
The Middle East can learn lessons from more mature insurance markets but needs to focus on strengthening its domestic talent pool, according to Enrico Bertagna.
Eastern European wind now more 'bankable'
As manufacturer and developer ambitions escalate, Eastern European wind energy projects are becoming increasingly ‘bankable’.
April appointment strengthens PMI broker market offering
April has named Duncan Craig as broker development manager as part of the health insurer’s plans to expand across the UK.
BISL and RSA among firms topping affinity partnership value table
Research into the effectiveness of personal lines affinity schemes has uncovered the identity of firms rated as offering the best partnership value.
Argo is back in profit in 2012 despite $47.9m superstorm Sandy hit
International specialty insurer and reinsurer Argo has reported post-tax income of $52.3m for the year ending 31 December, recovering from a loss of $81.9m in 2011.
Scor sees 48% growth in Asian treaty business at January renewals
During the January renewals, Scor Global P&C has reported a 9% increase in gross written premiums (to Euro 2.507bn) with an expected 1.3% improvement in technical profitability for total contracts renewed and a price rise of 1.9% net of general inflation.
Improved commercial property returns in 2013 forecast by L&G
Legal & General Property director of research Rob Martin this morning forecast improved UK commercial property returns in 2013, with a continued polarisation between the best and worst opportunities.
Argo swings to $52m net income for 2012
International specialty insurer and reinsurer Argo has reported post-tax income of $52.3m for the year ending 31 December, recovering from a loss of $81.9m in 2011.
Beazley CEO downplays M&A interest amid plans for repeat of 2012
Beazley chief executive Andrew Horton has played down the likelihood of acquisitive movement at the specialist insurer in 2013 and is instead aiming for a repeat of the previous year in terms of growth.
Ace enters Lloyd’s energy market
Ace has launched offshore and onshore energy cover from its Lloyd’s syndicate 2488.
Aviva axes Matthews in leadership reshuffle
Aviva has moved to restructure its top tier in a move that sees its executive director of developed markets Trevor Matthews depart.
Axis acquisition to drive international expansion at York
York Risk Services Group has acquired loss adjuster Axis as part of the company’s plans to expand international growth.
Hastings makes double NED appointment at group companies
Former Groupama international division managing director Pierre Lefèvre has been appointed as a non executive director to Hastings Insurance Group and Advantage Insurance Company.
Former UK GI CEO McMillan to become Aviva Europe boss as Trevor Matthews quits
David McMillan has been appointed CEO of Aviva Europe.
Beazley more than triples net profits
Beazley has reported soaring post-tax profits, seeing figures rise over three fold on last year’s totals.
Beazley board recommends new appointment
The Board at Beazley has recommended the appointment of Angela Crawford-Ingle as an independent non-executive director of Beazley.
Indonesia begins tsunami shelter construction
The Indonesian government has allocated 16 trillion rupiah ($1.6bn) to build shelters and support areas that are early affected by tsunami-related disasters.
Allianz appoints Hong Kong CEO
Mark Mitchell will take on the CEO role of Allianz Global Corporate and Specialty Hong Kong branch with responsibility for Greater China on 14 February.
ABI calls for political consensus at Labour flood summit
The Association of British Insurers said that rising rainfall levels are making it crucial the cross party political support can be achieved on flood cover.