News
Matthews takes up role as Sevitt CEO
Mike Matthews, the former chief executive of Setanta, has reprised his role as CEO of business solutions provider Sevitt, almost after year after leaving the Irish insurer.
Zurich, CNA and Liberty International join NCC cyber group
Information assurance firm NCC Group has launched a forum to work towards establishing a minimum security standard for the uptake of cyber insurance.
Insurers reap benefits of Vietnam's growing middle class
Vietnam's insurance market has experienced strong double-digit premium growth in recent years and demand for insurance products is forecasted to continue, according to a recemt AM Best report.
CPS to decide on Autofocus fraud charges next month
The Crown Prosecution Service is to decide next month whether it will bring a fraud case against the seven former Autofocus employees who Accident Exchange will apply to commit to prison for contempt of court.
Marr heads First Central fraud team
Former Insurance Fraud Bureau director Glen Marr is to head a new 29-strong cross-business counter-fraud team for insurer First Central.
Indian chairman of Bar Council demands insurance scheme
The newly elected chairman of the Bar Council of India, Manan Kumar Mishra, has demanded an insurance scheme for lawyers.
Indian court says firm must pay claims in cheque bounce case
India's Supreme court has upheld an insurance company's obligation to pay third-party claims, even if the insured's premium has gone unpaid.
Mayer leaves Aviva as part of management restructure
Igal Mayer has left Aviva as part of a mangement restructure to 'simplify' and 'focus' the business, after little more than a year in his role.
Insurers criticised for using undefined term to reject drain claims
Drainage insurance expert Drain Claim has called on home insurers to explain the term 'serviceable' used to reject claims.
Bharti Axa aims to grow with focus on coastal cyclone-prone areas
Indian insurers must raise awareness of the need for insurance in cyclone-prone coastal areas, according to Amarnath Ananthanarayanan, chief executive and managing director of Bharti Axa General Insurance.
Randall & Quilter suffers after tax loss following goodwill charge
A £13.5m goodwill impairment charge has resulted in bosses at Randall & Quilter announcing an after tax loss of £488 000 in 2011, following a 2010 profit of £6.4m.
Mapfre's Maltese assistance unit begins operations
Middlesea Assist, the new subsidiary of Mapre Assistencia, has started to operate in Malta.
Catlin given the go-ahead for Beijing office
Lloyd's reinsurer Catlin Group has been granted approval by the Chinese Insurance and Regulatory Commission to open a wholly owned representative office in Beijing.
Chinese state pushes to extend basic medical cover
The Chinese government is embarking on a plan of healthcare reform that aims to expand basic medical cover to at least 95% of Chinese citizens.
Mayer leaves Aviva in management shake-up
Aviva Europe chief executive Igal Mayer has left the insurer as part of a revamp of its management team.
Catlin to open Beijing office
International speciality property and casualty insurer and reinsurer Catlin has been granted approval by the China Insurance Regulatory Commission to open and operate a wholly owned representative office in Beijing.
Chubb's A++ financial strength rating affirmed
AM Best has affirmed the financial strength rating of A++ (Superior) and issuer credit rating of AA+ for the Chubb Group and its property/casualty members.
Firms still failing to focus on supply chain resiliency
Despite a number of wake-up calls from last year's catastrophe events, many organisations still lack complete visibility into their supply chains and remain vulnerable to the next disaster, according to a white paper published today by Marsh.
Market moves: Canopius and CGSC dominate appointments
This week the recruitment space belonged to Canopius and Cooper Gay Swett & Crawford. Canopius restructured its entire executive committee, alongside appointing an underwriter, while CGSC recruited a new chief commercial officer, head of operations and…
Brokers back potential DLG flotation citing interest in share options
NIG brokers have responded positively to the Direct Line Group split from RBS, some even raising the issue of potential share options if the group's mooted initial public offering bid is successful, the insurer has claimed.
Zurich campaign to abolish damages for fraudsters draws industry support
The potentially ground-breaking decision by Zurich fraud bosses to take their fight to refuse payment on the genuine element of a fraudulent third-party claim to the Supreme Court has drawn praise from industry peers.
Battle for broker schemes hots up as players bolster ranks of expertise
Specialist insurer Ecclesiastical has secured four new broker schemes, just weeks after pledging to refocus its efforts on intermediary deals, as insurers scramble to pick up lucrative broker schemes.
Price-comparison model questioned as Admiral casts off Italian Chiarezza
Admiral's sale of its Italian aggregator Chiarezza on Monday demonstrates a failure adequately to invest in overseas ventures, and further withdrawal from European aggregators is a possibility for the insurer, according to one analyst.
RSA merges Belfast and Europa General in £5m NI investment
RSA is to merge its existing Belfast and Europa General operations as part of a £5m investment in a new business model for the Northern Ireland market.