News
News analysis: Forensic claims analyst issues warning as insurers fail to focus on audits
A specialist forensic claims analyst has warned that insurers need to take claims auditing “far more seriously” in the wake of the High Court case brought against Endsleigh.
Loss Adjuster Listings 2011
The loss adjusting industry has experienced a resurgence in turnover according to Post's Loss Adjuster Listings 2011.
1 December: Taking the piste
An estimated 10 million people visit The Principality of Andorra each year, drawn by the winter sports, summer climate and duty-free goods.
Cigna finalises acquisition of First Assist
Cigna has finalised the acquisition of First Assist Insurance Services following regulatory approval from the UK’s Financial Services Authority in late October.
Former Aon UK boss Mahoney takes chair role and invests in analytics firm
Former Aon UK boss and past winner of the British Insurance Awards Achivement gong Dennis Mahoney has been appointed chairman of Sciemus, the analytics and modelling company.
Sciemus recruits former Aon Group chairman
Modelling company, Sciemus, has appointed insurance industry veteran Dennis Mahoney as its new chairman.
Arag chooses Barrie & Hibbert for Solvency II internal model
German insurer, Arag, has selected financial services firm Barrie & Hibbert for its internal model for market risk and for quantifying strategic asset allocation opportunities in a Solvency II environment.
L&G director resigns
Underwriting boss Malcolm Cooper has left Legal & General “to pursue other opportunities”.
Hudson resurfaces at Mitsui
Former Travelers Europe president Martin Hudson has been named as director of underwriting at Mitsui Sumitomo.
Willis appoints South Africa CEO
Willis Asia Pacific, Middle East and Africa president Scott Pickering has been named as CEO of the broker’s South African division.
Broker Adrian Flux to sell Allianz motor cover
Allianz Retail’s Clear private car product is now available via specialist motor insurance broker Adrian Flux.
Nat-cats force Argenta's syndicate to close door to new business
Singapore-based Lloyd’s syndicate 1965 will no longer be accepting new business blaming this year’s catastrophes including the recent Thailand floods.
Vienna Group’s Kooperativa is best Czech financial services company
Vienna Insurance Group’s Czech subsidiary Kooperativa, was ranked the fourth best Czech businesses in the country's recently announced "Top 100” rankings.
Martel reshuffles Groupama management
Recently appointed Groupama chief executive Thierry Martel has unveiled his new management team.
Moore joins Towergate as NED
Philip Moore, LV group finance director, has joined Towergate Insurance as a non-executive director and chair of the audit committee.
Arag hands Barrie & Hibbert SII role
Legal expenses insurer Arag has selected financial market modelling firm Barrie & Hibbert to assist in its preparations for Solvency II.
Hendrick to lead XL insurance arm
Greg Hendrick is set to replace Dave Duclos as chief executive of XL’s insurance unit.
Brown named as Chubb CIO
Chubb Insurance has appointed Chris Brown as European chief information officer.
Montpelier: Reinsurance rates likely to rise
The reinsurance industry has suffered an “unusually high frequency” of international catastrophes and rates could rise by 10% next year, according to Montpelier boss Tim Aman.
Lineker welcomes new telematics brand
Former England footballer Gary Lineker has backed a new car insurance brand, which uses telematics, to provide young drivers with better deals.
Chancellor to change investment rules
The government is to set up an Insurers’ Infrastructure Investment Forum to try to look at changing insurance investment rules to use private funds to build major infrastructure projects.
ABI defends insurers on riot complaints
The Association of British Insurers has denied insurers let down riot-torn householders and small businesses.
Chinese insurance giant PICC P&C unveils HK$6.13bn IPO plan
Chinese insurance group PICC Property and Casualty has nnounced plans to raise HK$6.13bn through a listing on the Hong Kong Stock Exchange.
Generali enters the STOXX Europe Sustainability Index
Assicurazioni Generali has entered the STOXX Europe Sustainability Index and been reconfirmed in the FTSE4Good Index.