News
Brit profits hit by IPO costs
The costs of floating on the London Stock Exchange have seen Brit’s profits tumble 18% in the first half of 2014.
Admiral UK motor profits up 8% on boosted reserve releases
Admiral’s UK motor business has seen profits increase 8% following £73m of reserve releases in the first half of 2014.
AIG promotes Kian Tiong Lim in Taiwan
AIG has appointed Kian Tiong Lim, head of consumer Taiwan, as country manager of AIG Taiwan.
Entries open for Claims Awards Asia 2014
The Claims Awards Asia are back to recognise the hard work of the claims community in Asia over the last year.
RMS unveils Asia exposure databases for five countries
Risk modeling firm RMS has unveiled a list of exposure concentrations for the Philippines, South Korea, Taiwan, Thailand and Vietnam.
ABI to give statement on reports Legal & General to exit
The Association of British Insurers is expected to give a statement today on reports L&G is to leave the association.
Admiral weighing up bid for UK's leading telematics player Insure the Box
Admiral is evaluating a bid for telematics firm Insure The Box just months after announcing a £200m cash raise, Post understands.
£8m added to home premiums by preventable claims
Just over half of all home insurance claims follow preventable incidents, according to Money Supermarket, adding a total of £8m to home insurance bills.
Aon UK to focus on local expertise following regional restructure
Aon Risk Solutions has outlined plans to change its national structure across the UK in a move that will see the Aon UK business consolidate into four key regional areas.
Windstorm Tini loss estimate climbs to £224m
A windstorm which rampaged across the UK and Ireland in mid-February is now estimated to have cost the insurance industry €281m (£224m).
Generali Asia hires Teh and Seach
Generali Asia has appointed Gary Teh as chief operating officer and Hayden Seach as head of global corporate and commercial.
W.R. Berkley Insurance Australia rebrands
Property and casualty insurer W.R. Berkley Insurance Australia is rebranding as Berkley Insurance Australia.
China Re planning $2bn Hong Kong IPO
According to a report, China Re, the largest state backed reinsurer in China, is planning to raise up to $2bn through an IPO in Hong Kong.
Bollington recruits former rugby star Jee
Former Sale and Manchester rugby star Phil Jee has joined Bollington to serve as a corporate account manager.
Arag to provide legal expenses cover for Insure the Box policyholders
Legal expenses insurer Arag has formed a partnership with telematics specialist Insure the Box that will see it provide legal cover for around 250 000 of the insurer’s policyholders.
First Central appoints Howard as first company COO
Motor insurer First Central has added to its UK senior management team with the appointment of Kevin Howard as the company’s first ever chief operating officer.
Henderson quadruples risk management unit with CRS buy
Henderson Insurance Brokers has swooped for Staffordshire-based Corporate Risk Systems, substantially bolstering its risk management and training practice.
D L Dale looks to QBE for underwriting hire
QBE's Tim Butcher is to join D L Dale & Others Syndicate 2525 as senior class underwriter from 1 December.
Endsleigh launches modular product to meet evolving student needs
Endsleigh has launched a new product designed to cater for the evolving needs of students as they transition from students to young professional.
Zenith hails improved efficiency after deploying SAS analytics tool
Markerstudy-owned Zenith Insurance has hailed its improved reporting and analytical capabilities following the deployment of technology from business analytics firm SAS.
Ipswich-based start-up Liability & General partners with James Hallam
James Hallam has sealed a partnership agreement with Liability & General, a business founded by former Oval and Giles executives Dave Mangan and Rob Allinson.
Cost of countryside crime up 5% in 2013
Levels of rural crime increased last year according to figures from NFU Mutual, which estimated the total cost rising 5% to £44.5m.
Leeds broker pays Gallagher over contract breach allegations
Hale Kavanagh Insurance Brokers has paid compensation to Arthur J Gallagher following allegations of contract breaches over the past 12 months.
Cypriot insurers still suffering following bank bail-outs
The Cypriot insurance market has failed to rebound following the financial crisis despite the bail-out of both of the country’s major banks, according to a report published by Axco Insurance Information Services.