News
Aspen recruits from XL Catlin for Lloyd's Singapore platform
Aspen Insurance will become the latest syndicate to join the Lloyd's Asia platform.
Pressure building as Solvency II enactment enters final countdown
As the Solvency II countdown enters its final stages industry observers are warning some insurers will struggle to be ready by the 1 January start date and that there could be more pain on the horizon.
Chase Templeton acquires Kent-based broker Consilium
Chase Templeton has completed its largest ever acquisition through the asset purchase of Kent-based healthcare broker Consilium Employee Benefits.
Zurich to cut up to 440 UK jobs
Zurich has confirmed proposals to cut up to 440 jobs in its UK general insurance business as part of a programme to reduce costs in the organisation and simplify its operating structure.
O'Roarke backs successor Treloar to build on growth at LV
LV managing director of general insurance John O’Roarke is confident his successor and former Direct Line colleague Steve Treloar is well placed to maintain the firm's strong growth and "distinct culture".
Dye predicts 2016 private motor turnaround as Allianz UK profits slide
Allianz UK has seen a slight deterioration in its combined operating ratio and a £14.4m drop in profits for the third quarter of 2015 despite a 2.7% increase in gross written premiums over the past 12 months.
L&G renews GI partnership with Principality Building Society
Legal & General has extended its existing partnership with Principality Building Society to continue selling its general insurance products through Wales' largest building society.
Bluefin looks to Howden for finance operations head
Bluefin has recruited Carl Porter from Howden Insurance Brokers to head finance operations as well as making interim chief financial officer Amber Wilkinson permanent.
Aviva personal lines MD Treloar to take over from O'Roarke at LV
LV has appointed Aviva personal lines managing director Steve Treloar as John O’Roarke’s successor as MD for general insurance.
Local markets to benefit as Lloyd's targets more shariah compliant underwriters
Moves by the London market to embrace the provision of Islamic insurance products will provide a boon to local markets and customers, according to the CEO of the Dubai Islamic Economy Development Centre.
Quindell to change its name to Watchstone Group
Technology solutions provider Quindell is seeking shareholder approval to change its name to Watchstone Group.
Masojada eyes further growth as group GWP rises 12.9%
Hiscox CEO Bronek Masojada has identified “plenty of opportunities for growth” off the back of a 12.9% increase in gross written premiums to £1.54bn for the first nine months of 2015 (9M 2014: £1.36bn).
Smartphones equal to black boxes if data quality is high, Wunelli says
Smartphone telematics data can be of an equal quality to black box data so long as companies are aware which data is not good enough to be used, according to telematics provider Wunelli.
Preparation urged as storm predicted to batter north-west UK
Insurers are urging homeowners to prepare for a storm front threatening the UK that could unleash winds of up to 70mph and 17ft waves on Sunday evening (8 November) and early Monday (9 November).
Mahoney replaces Turnbull as RFIB CEO
RFIB Holdings executive chairman Dennis Mahoney is to replace Jonathan Turnbull as CEO at the company.
Ex-cons avoid return to jail after attempting to defraud Admiral and Ageas
Two men who met and became friends in prison yesterday (5 November) received suspended prison sentences at the Old Bailey after staging a ‘cash for crash’ accident in order to claim over £16,000 from Admiral and Ageas.
Expertise From A-Z: The E-Trade debate
Our expert panel discusses e-trade and social media.
New head of casualty claims at Allianz
Allianz Claims has appointed Lee Watts as head of casualty claims, moving over from his role as QBE’s claims investigation service manager.
Allianz Group posts 7.5% drop in Q3 operating profit year on year
Allianz Group has reported third quarter operating profits of €2.45bn (£1.75bn), a 7.5% decrease on last year's figure of €2.65bn.
Quiz of the week - 6 November 2015
How much news from the world of insurance have you remembered from this week?
Simon Jeffreys named non-exec chair at Aon Risk Solutions
Aon Risk Solutions, Aon's global risk management business, has appointed Simon Jeffreys as non-executive chairman, replacing Bruce Carnegie-Brown.
Foil calls for mesothelioma portal to be introduced
The Forum of Insurance Lawyers has called for the launch of a new portal to handle mesothelioma claims which would offer fixed costs to the victim's lawyer if a defendant or insurer admits liability within 30 days.
Munich Re hit by €175m Tianjin loss
Munich Re said it expects a net exposure of €175m (£125m) for the explosion in the Chinese port of Tianjin.
Xchanging pens three year deal with Lloyd's Asia platform
From 1 January 2016 Xchanging will provide technology to the Lloyd's Asia platform in Singapore.