News
Confused names first CMO
Aggregator Confused has appointed former Directgov communications director Mike Hoban as its first-ever chief marketing officer.
Prudential confirms talks to renegotiate AIA deal
Prudential said it was trying to negotiate a cut in the $35.5bn it has agreed to pay for AIG's Asian unit, AIA, amid fears its shareholders might block the deal as too expensive.
Asian insurers need to become customer driven, Whittington says
General insurers in Asia need a closer relationship with their customers, and the direct distribution model is a critical success tool in achieving this objective, according to Charles Burgess, managing director of Whittington Asia Pacific.
US government predicts up to 23 Atlantic storms
National Oceanic and Atmospheric Administration (NOAA) predicts “one of the most active [hurricane] seasons on record.”
AIR: Deepwater spill could affect hurricane season
A report from the modeling firm says that effects of the spill on hurricane season are likely to be minimal but there is a chance the oil could act to prevent or encourage hurricane formation.
European windstorm estimate downgraded
Perils AG has today disclosed its second loss estimate for Windstorm Xynthia, which occurred at the end of February 2010.
NIG raids Zurich for new key accounts head
NIG has appointed Chris Woollam as head of key accounts.
MMA names Chelmsford team
MMA has named the team that will lead its new regional office in Chelmsford, part of the insurer’s commercial lines expansion announced in March.
European windstorm estimate downgraded
Perils AG has today disclosed its second loss estimate for Windstorm Xynthia, which occurred at the end of February 2010.
NIG raids Zurich for new key accounts head
NIG has appointed Chris Woollam as head of key accounts.
Irish government to offload health insurer
The Irish Government has revealed it is to sell state-owned medical insurer VHI after injecting capital into the state owned firm.
Ageas reduces Southern European exposure with EUR 4.8bn sell off
Ageas has reported that between 10 May and 21 May it has sold additional Southern European government bonds for a total amount of EUR 4.8bn (at historical/amortized cost).
Irish government to offload health insurer
The Irish Government has revealed it is to sell state-owned medical insurer VHI after injecting capital into the state owned firm.
Ageas reduces Southern European exposure with EUR 4.8bn sell off
Ageas has reported that between 10 May and 21 May it has sold additional Southern European government bonds for a total amount of EUR 4.8bn (at historical/amortized cost).
QBE opens Canada Lloyd’s office
QBE has opened an office in Toronto to service its Lloyd’s business for the Canadian commercial insurance market.
Swiss Re successfully places $150m natural catastrophe risk for Allianz
Swiss Re Capital Markets has structured and placed $150m of insurance linked securities issued by Blue Fin covering US hurricane and earthquake risk.
Aviva hires M&A director from Morgan Stanley
Aviva has appointed Jason Windsor as group strategy director, responsible for leading the strategy and M&A teams at Aviva.
Insurance Fraud Awards 2010 - call for entries
Entries for the Insurance Fraud Awards 2010 are now open. Now in their second year, these prestigious awards recognise the general insurance industry’s efforts to combat and prevent fraud and encourage the spread of best practice and excellence across…
Aviva hires M&A director from Morgan Stanley
Aviva has appointed Jason Windsor as group strategy director, responsible for leading the strategy and M&A teams at Aviva.
Liberty Mutual and General Re settle dispute
Liberty Mutual has resolved a dispute in which it accused the General Re, the reinsurance unit of Berkshire Hathaway of fraud, according to a court filing.
UK General to outsource claims
UK General Insurance has signed a new outsourcing agreement with Direct Group. Under the agreement, Direct Group will take responsibility for processing non-complex commercial and motor claims.
Lockton adds to CSR team
Insurance broker Lockton has appointed charity insurance specialist Richard Prenter to its corporate risk solutions team.
Halo partners with Ceta to launch car hire insurance product
Halo Insurance has partnered with Ceta Insurance to access its 4500 IFA and broker membership base as it continues their roll-out of a car hire insurance product to independent intermediaries.
Lloyd's Market Association names new chairman
Barnabas Hurst-Bannister, chairman of Travelers Syndicate Management, has been elected chairman of the Lloyd’s Market Association, which represents the interests of the Lloyd’s underwriting community.