News
Willis Group moves to one IT platform
Willis Re has moved 500 of its international employees onto one single software platform for the first time.
MMA to implement Cameleon software
French mutual insurance firm MMA Group will implement Cameleon Software’s configure, price, quote technology in a bid to help modernise its information systems and improve business agility.
Willis implements Sequel software in UK and India
Willis Re, the reinsurance arm of global broker Willis, has implemented Sequel’s Eclipse broking software.
Liberty to axe Irish jobs
Liberty Insurance is to shed 285 jobs in Irish offices on both sides of the border.
AIR: entire neighbourhoods hit by Sandy surge
AIR Worldwide has issued a report on the damage patterns caused by superstorm Sandy in the coastal communities of Rhode Island and Connecticut.
Aria Assistance and GlobeMed launch MENA partnership
Aria Assistance, the independent UK insurance and assistance company, has signed a strategic partnership for the delivery of assistance services with Africa/Middle East regional healthcare administration services and assistance provider, GlobeMed.
Talanx profit up 83% in first nine months
Talanx posted an 83% increase in operating profit to €1.3bn in its first results since its initial public offering, assisted by high investment income.
Greek Motor Guarentee Fund levy increases may see insurers withdraw from market
Insurers doing a small amount of Greek motor third party liability may withdraw from the market after the government passed a law to make changed to the Greek Motor Guarantee Fund.
PICC seeks cornerstone investors ahead of IPO
Chinese state-owned insurer PICC Group is in talks with American International Group and others to become cornerstone investors for its planned Hong Kong listing, Reuters reported.
Kiln syndicate 510 forecast to make 2011 profit
R J Kiln & Co has released updated forecasts for the 2010 and 2011 years of account for its four non-aligned syndicates as at 30 September 2012.
Esure reshuffles board with three appointments
Esure Group Holdings has appointed group finance director Andrew Whitehouse to become the insurer’s first chief risk officer.
Quake models to bridge gap in growing market
Aon Benfield has launched new Algeria and Morocco earthquake models, aimed at providing a more reliable estimation of losses insured properties face in these countries.
Biba broaches independence issue with Scottish brokers
The British Insurance Brokers' Association is talking to its members about how Scotland's insurance sector would be affected if Scottish voters choose independence in 2014.
Autonet to implement Experian credit check software
Van insurance broker Autonet is in the closing stages of finalising a deal with Experian to introduce a new credit check software to aid premium pricing and an instalment payment plan for their customers.
Zurich says German write-down is "isolated case" as BOP falls 34%
Zurich Insurance Group posted business operating profit of $733m for the third quarter, down 34% on the prior year after financial adjustments in its German general insurance portfolio.
Aspen swoops for Fusion marine underwriter
Aspen Risk Management has appointed Paul Singh as marine underwriting manager.
French insurers urged to invest in SMEs to boost innovation
A report into France's declining industrial competitiveness proposes encouraging insurers to increase investments in small to medium sized enterprises.
Credit card insurer CPP rocked by record FSA fine for mis-selling scandal
Credit card insurer Card Protection Plan has been slapped with a £10.5m fine by the Financial Services Authority for the mis-selling of insurance products.
Zurich UK results dented by 'exceptionally large' commercial claim
Zurich UK general insurance chief executive Steve Lewis has blamed adverse weather conditions for a £15m slump in business operating profit, compared to the nine month stage last year.
Aggregators audit software providers after hackers exploit SSP vulnerability
Insurance software houses have warned that hackers are becoming increasingly sophisticated in breaking through security systems, forcing businesses to engage in a "never-ending fight" to stay ahead.
Career path: Insurance industry trainees part 1
In the first in a three-part series, Post follows the career path of fictional insurance industry trainees Will Woodman and Dawn Crowley.
Market moves: Chartis and Antares dominate recruitment space
The recruitment space was dominated by Chartis and Lloyd’s insurer Antares this week. Chartis welcomed four new staff to its team, while Antares recruited an energy underwriter and two aviation specialists.
Go Compare admits future sale 'entirely possible'
The timing of Go Compare's strategic review is "no coincidence" given that the aggregator's major shareholder has a flotation in its sights, according to commentators, who have also mooted a potential management buyout or private equity deal.
Direct Group eyes US expansion following sale to Ryan Specialty Group
Direct Group chief executive Derek Coles intends to take advantage of new opportunities to enter international territories following the completion of the firm's sale to Ryan Specialty Group.