News
Global non-life premiums up 2.6%: Swiss Re
Non-life Insurance premiums increased globally by 2.6% to $2bn in 2012 according to a study from Swiss Re, which said emerging markets growth will be key to sustaining momentum.
Aqua relaunches HNW home wordings
Aqua Underwriting has moved to revitalises its high net worth home wordings to enhance cover, expanding the range of risks protected.
Mesothelioma scheme could cost £451m in first decade
A fund of last resort compensating mesothelioma sufferers who cannot trace their employers' liability insurers could cost £451m in the first ten years alone, according to the Department of Work and Pensions.
Fitch raises Lloyd’s outlook to positive
Lloyd’s has seen its Fitch ratings affirmed with an improved outlook, climbing to positive from stable after the rating agency noted reduced earnings volatility.
China's insurance premiums climb almost 10%
China's insurance premiums climbed 9.4% to $126.2bn in the first five months of 2013 compared to the same period last year.
Shipping collaboration generating insurance opportunities
Wider collaboration between shipping companies could provide opportunities for insurers after the formation of an operational alliance that will see three firms share capacity on Trans-Atlantic, Trans-Pacific and Asia-European shipping lanes.
Direct Line Group reveals 2000 jobs at risk as it steps up cost saving plan
Direct Line Group has announced a major redundancy programme as it attempts to improve its operational efficiency as part of the implementation of its business transformation plan.
Golf clubs face ‘worrying times’ following injury liability settlement
Niddry course avoids Supreme Court with golf injury settlement.
Insurers urged to develop telematics as young driver green paper delayed
Insurers frustrated as Department for Transport announces hold-up.
Xchanging boss plays down fears firm is on precipice of personnel exodus
Pell eager to outline company’s plans after losing Lloyd’s claims monopoly.
Tax-avoidance crackdown could see PI insurers hit with third-party claims
HMRC tax workaround enquiries focusing on individuals as well as corporations.
Aviva moves more UK roles to India after cutting 200 jobs in Manchester
Firm considering adding 100 offshore general insurance roles by end of next year.
Malaysian Insurance Institute in training revolution
The Malaysian Insurance Institute has 19 major projects in the pipeline to help expand its training.
Zurich promotes Davies to marine underwriting head
Zurich has appointed Mike Davies as its global head of marine underwriting effective of 1 July.
Marsh calls for increased vigilance following Bangladesh factory collapse
Retailers and suppliers need to fully identify and understand their operational and supply chain risk exposures according to a report by Marsh.
Bollington hires commercial account manager
Bollington has recruited Anita Jones as a commercial account manager, with a specific focus on motor salvage operators and vehicle dismantlers.
Fitch raises Lloyd’s outlook to positive
Lloyd’s has seen its Fitch ratings affirmed with an improved outlook, climbing to positive from stable after the rating agency noted reduced earnings volatility.
Ferma elects four to board
The Federation of European Risk Management Associations has named four board members at its general assembly.
Zurich promotes Davies to lead global marine underwriting
Zurich has appointed Mike Davies as global head of marine underwriting.
RSA appoints global network boss Hart from QBE
Former RSA manager Chris Hart is returning to the insurer as global network manager.
Groupama sees thousands of flood claims as France declared natural disaster zone
Groupama has received around 16 500 flood claims following devastating floods in southwest France.
Saulter to start as Davies Group CEO in July
Dan Saulter will take up his role as chief executive of Davies Group on 1 July.
Re-worked 'Flood Re' expected to be laid out in imminent Water Bill
Details of the Association of British Insurers’ long-awaited flood risk solution are expected to come into focus this week following a government spending review and the introduction of the Water Bill.
Insurance firms warned about 'failing' social media strategy
Insurance companies have been found to be lagging behind other businesses in terms of customer expectation of communication via mobile technology and social media.