News
Markel raids QBE for professional and financial risks MD
James Hastings has been appointed managing director of Markel’s professional and financial risks division.
HIB reaps rewards of Acturis IT tie up
Independent firm Henderson Insurance Brokers has reported business benefits including higher volumes of e-traded business and improved internal efficiencies, after going live on the Acturis system.
Chartis Hong Kong rebrands
Chartis Hong Kong has rebranded to AIG Hong Kong in line with other rebrands across the global insurer.
PPI mis-selling creates ‘thousands’ of new jobs
At least 20 000 jobs have been created to deal with processing mis-sold payment protection insurance, according to research by employment group Manpower.
AIG shareholders win class-action status in lawsuit against the government
An American judge granted class-action status to two groups of AIG shareholders in a $25bn (£16.7bn) lawsuit by former chief executive Maurice “Hank” Greenberg over alleged losses arising from the bailout the insurer received from the US government,…
Two-thirds Canopius’ GWP growth from Omega book
Canopius executive chairman Michael Watson has told Post that two thirds of the £76m improvement in gross written premium to £692m for 2012 was contributed by the integration of newly acquired Omega.
Munich Re expects €3bn profit in 2013
Reinsurer Munich Re is expecting profits of €3bn for 2013 compared to €3.2bn in 2012.
Claims Conference Asia 2013
On 7 March, claims professionals from across the world met in Hong Kong at Insurance Insight's inaugural Claims Conference Asia to hear industry experts talk about the hot topics of the year.
Drought frequency has doubled in two decades, says Munich Re
According to Munich Re, droughts have become far more common in recent years.
Bangladesh encourages foreign investment
Bangladesh is to allow unlimited foreign investment in shares of insurance companies.
Law Society: insurers’ propaganda will deny access to justice
The Law Society has warned the government that its proposals to increase the small claims limit in personal injury cases will deny access to justice to thousands of genuine accident victims.
RAC launches telematics box
RAC has launched RAC Advance, a low-cost telematics box featuring crash detection technology.
Mass warns of unintended consequences of MoJ whiplash proposals
The Motor Accident Solicitors Society has urged the Ministry of Justice to reconsider its proposals to raise the small claims limit and introduce “cumbersome” medical panels and reporting amid fears of unintended negative consequences.
Canopius swings to 2012 profit despite “double” Sandy hit
Canopius has recorded pre-tax profits of £50m for 2012, in spite of having to deal with the losses of both its own business, and newly-owned subsidiary Omega.
Loop Insurance hires Whitham as entertainment boss
Bridge Insurance Brokers is eyeing a period of expansion within is recently launched creative industry division Loop Insurance.
AIG launches apprenticeship programme
AIG Europe has joined forces with the National Apprenticeship Service to create job opportunities for up to 25 apprentices in 2013.
Navigators gets gold Investors in People award
Pleasure boat insurer Navigators and General has seen its gold award from Investors in People renewed after first being issued in 2010.
Mapfre expects revenues to top €26bn in 2013
Spanish insurer Mapfre plans to pay a record dividend of €0.11 per share after posting revenues of €25,301.2m for the 2012 financial year.
Open GI enhances insurer relations manager team
Open GI has promoted Tavis Childs to the role of insurer relations manager.
Chase Templeton nets Fish MD for CEO role
Medical insurance intermediary Chase Templeton has recruited the managing director of disability broker Fish Insurance to serve as its new chief executive.
1st Central unveils new CEO
1st Central has promoted Andy James to the role of chief executive officer of the UK business.
Britannia Rescue secures Nationwide road rescue contract
LV component Britannia Rescue has been appointed by Nationwide Building Society to provide breakdown cover to customers of its newly launched fee paying current account ‘Flex Plus’.
GCC eyes common motor insurance policy
A single motor insurance policy could be enforced across the Gulf before the end of 2013 after gaining support from a key insurance body.
RSA director Sime to quit this summer
RSA sales and strategic relationships director Chris Sime has signalled his intention to leave the firm where he has spent the past 25 years.