News
Sterling appoints Scotland regional manager
Gerard Hamilton has been appointed Scotland regional development manager at Sterling Insurance.
AIA sponsors Tottenham Hotspur for Cup competitions
AIA has agreed to sponsor London-based Premiership football team Tottenham Hotspur for the Europa League, FA Cup and League Cup competitions.
Zurich's GI profits and premiums grow in Asia-Pacific
In general insurance, business operating profit at Zurich's Asia-Pacific's operations increased from $101m in the first half of 2012 to $141m in the first half of 2013.
Zurich's results hit by floods in Europe
Zurich has reported a business operating profit of $2.3bn for the first half of the year (till 30 June), down 9% over the same period in 2012, and a net income attributable to shareholders of $1.9bn, down 17%.
PMI players to roll out extended cover as NHS standards slip
Private medical insurers have vowed to take advantage of declining confidence in the National Health Service by extending their cover, offering higher payouts and providing more innovation.
Strong growth for Singapore's life sector
Singapore's life sector grew very strongly in the first half of 2013.
THB strengthens Portuguese team with Ricardo Borges’ return
Former THB employee Ricardo Borges is returning to the company to take up a director role based in the European Division’s Amsterdam office.
FSB launches consultation on resolution regimes for insurers
The Financial Stability Board today launched a public consultation on the application of the Key Attributes of effective resolution regimes for non bank institutions.
Axa concedes ahead of third Autofocus retrial
Axa has reached a settlement with credit hire firm Accident Exchange on a retrial on credit hire rates just hours before it was due to appear in court in Manchester.
Higos hires UK General's schemes sales manager
Higos Insurance Services has bolstered its its team with the appointment of Ralph Hann as schemes manager.
Insurecom acquired by Applied Systems
UK-based insurance software provider Insurecom has been acquired by Applied Systems for an undisclosed fee.
SME flood cover in doubt as Biba battles for its inclusion in Flood Re
Industry-backed affordable flood insurance was never intended to cover small businesses, according to the Association of British Insurers.
Willis weeks away from major deals with London market insurers
Plans by Willis to launch a scheme similar in structure to the deal that saw Aon team up with Berkshire Hathaway come amid criticism of such arrangements.
Talanx achieves 10% increase in GWP in H1
German insurance giant Talanx Group achieved a 10% increase in gross written premiums in the first half of 2013 to €15bn.
Motor sector cites rates and reforms as COR soars
Motor insurers have bemoaned the impact of rock-bottom rates on their first-half figures, prompting some industry leaders to rule out further rate reductions in the second half of the year.
FCA denies review was sparked by broker’s remuneration issues
The Financial Conduct Authority has distanced itself from claims its thematic review into brokers’ conflicts of interest was triggered by an investigation into a broker that revealed issues with its remuneration practices.
Chaucer swoops for Travelers marine specialist
Lloyd’s specialist insurer Chaucer has recruited Travelers’ senior UK marine underwriter.
Market fears unrated insurers could take advantage as XL cuts solicitors’ PI book
XL’s withdrawal from the solicitors’ professional indemnity market for smaller firms has sparked fears that some companies could be pushed further into the arms of unrated carriers.
Groupama sells Soc Gen stake
Groupama has sold its remaining 1.86% stake in Societe General for €517.8m (£445.2m).
Bluefin names former Biba boss Galbraith as non-exec
Axa-owned broker Bluefin has recruited the former chief executive of the British Insurance Brokers’ Association as a non-executive director.
Fraudsters should dodge jail says Howard League
The UK’s oldest penal reform charity has today claimed that prison should be reserved for the most serious crimes, with property offences such as theft and burglary excluded.
Chinese life insurers 'need to improve risk management'
According to a survey by Towers Watson more work is needed by Chinese life insurers to improve risk management.
Offices close across Hong Kong as typhoon watch 8 is raised
The Hong Kong Observatory raised typhoon watch 8 in the early hours of Wednesday morning as Typhoon Utor headed across the South China Sea. However, as of 2pm the storm Hong Kong time the signal was downgraded to T3 meaning people would be heading back…
South makes Asia senior team promotions at Marsh
Martin South, chief executive officer of Marsh Asia-Pacific, has promoted several key staff in positions across Asia.