News
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.
Bart appointed Crawford's CEO for Asia-Pacific
Andrew Bart, Crawford's Pacific CEO, has been promoted to CEO Asia-Pacific.
Axa Philippines expands into P&C with acquisition
Axa Philippines has bought Charter Ping An from GT Capital as it extends into property and casualty insurance.
Fraudulent claimants ordered to pay £3000 to innocent driver
Claimants seeking personal injury damages have been found fundamentally dishonest and ordered to pay £3000 in exemplary damages to a driver who collided with them.
Allianz confirmed as Sharm el-Sheikh plane crash reinsurer
Allianz Global Corporate and Specialty has confirmed it is the lead reinsurer for the downed Russian airliner in Sharm el-Sheikh, Egypt.
New CEO announced for London Market Group
Benedict Reid will take over as CEO at the London Market Group from the end of November.
Motor pricing driven by return to pre-Laspo environment, Lewis contends
RSA UK and Western Europe CEO Steve Lewis is not expecting to see a wholesale shift in the market landscape before year-end with a challenging motor pricing environment reflecting pre-Legal Aid, Sentencing and Punishment of Offenders Act 2012 trends.
Insurance Europe report details widely ranging continental claims payouts
The cost of motor insurance claims varies widely across Europe, according to a report released by Insurance Europe, the European insurance and reinsurance federation.
Generali sees premium income climb to €54bn
Italian insurer Generali has reported a 5.1% increase in gross written premiums for the first nine months of 2015, taking the figure to €54bn (£38bn).
Insurers diversify as struggle with shallow talent pool continues
The skills shortage in UK general insurance has worsened - with figures from the Chartered Insurance Institute showing four out of five companies are struggling to get the expertise they need.