News
Insurance Europe urges IASB to amend draft accounting standard
Insurance Europe has welcomed the revised proposals by the International Accounting Standards Board to account for insurance contracts (IFRS 4 Phase II) but has asked for further amendments to the current proposals to achieve a workable accounting…
Ace appoints Moghrabi regional president for Continental Europe
Ace Group has appointed two senior executives in Continental Europe.
Bluefin appoints new head of trade credit
Bluefin has appointed Stuart Grice as head of trade credit, with immediate effect.
Ace appoints Moghrabi regional president and Reiss regional COO for Continental Europe
Ace Group has appointed two senior executives in Continental Europe as it completes a number of internal promotions within its regional management team.
Airmic unveils warranties guide to boost buyers’ confidence
Airmic, the Association of Insurance Risk Managers in Industry and Commerce, has published a warranties guide to help boost buyers’ confidence that big claims will be paid.
MGA ‘fast-track’ platform launched
Castel Underwriting, a platform to fast-track the creation of MGAs, has been launched.
Ping An's profits more than double in Q3
Insurance and banking group Ping An saw a 115% increase in profits in the third quarter of 2013.
New South Wales bushfires to cost insurers AUS$145m
The Insurance Council of Australia has estimated AUS$145m of damage from the New South Wales fires which ripped through the Blue Mountains over the last two weeks.
Over 40 people die in Indian floods
48 people have been reported dead in floods in the Indian states of Andhra Pradesh and Orissa within the last week.
Aon increases profit and revenue in Q3
Aon has reported organic revenue growth of 3% with total revenue of $2.8bn (£1.7bn) in quarter three of 2013.
Des Hudson slams ABI for lack of cooperation on fraud fight
Law Society’s chairman Des Hudson has criticised the Association of British Insurers for its “lack of cooperation” in the fight against fraud.
Seraina Maag to head AIG's EMEA business
AIG has appointed Seraina Maag as president and chief executive of its Europe, Middle East, and Africa region business.
Aon records profit and revenue growth in Q3
Aon has reported organic revenue growth of 3% with total revenue of $2.8bn (£1.7bn) in quarter three of 2013.
AIG appoints Seraina Maag to head EMEA business
AIG has appointed Seraina Maag as president and chief executive of its Europe, Middle East, and Africa region business.
LV Broker home product available on the Source
LV Broker’s ABC home insurance product is now available on the Source, a platform used by mortgage advisers and IFAs to access general insurance products.
Gallagher purchases California-based broker
Arthur J Gallagher has completed a deal for GS Levine, a San Diego based insurance broker established in 1987.
APPG chair Evans praises SRA on referal fee fight
The Solicitors Regulation Authority has been acclaimed by Jonathan Evans MP, chair of the all party parliamentary group on insurance and financial services, for taking action against firms flouting the referral fees ban.
Ageas backs road improvement calls
Ageas has thrown its weight behind a campaign for safety investment on Britain’s roads.
IAG moves quickly over bushfires
IAG has settled over half of 600 total loss claims from the devastating bushfires in New South Wales.
Actuaries report highlights GI challenges facing independent Scotland
An independent Scotland will spark regulatory concerns for consumers as well as opportunities for firms north of the border to establish a fledging general insurance market.
Chaucer expands outside marine in Singapore
Lloyd's specialist Chaucer is to offer property, accident and health, engineering, casualty and motor treaty accounts from Singapore.
PI firms “too quick to sell off their WIP”
Personal injury firms looking to exit the market are failing to maximise the value of their work-in-progress, according to Citadel Law.
Bluedrop first to run Ebroker for Power Place
Southampton-based broker Bluedrop is the first to run a SME e-trading software offering from Power Place and Open GI.
Bradford-based broker agrees refinance deal with Yorkshire Bank
Bosses at Beaumonts Insurance Brokers are hopeful a refinance deal agreed with Yorkshire Bank will allow the business to continue with its acquisitive growth plans.