News
Davies appointed as preferred loss adjuster by Anglian Water and United Utilities
Davies Group has been selected by Anglian Water Group and United Utilities as their preferred loss adjusting partner, following the completion of competitive tender processes.
Insurance quiz of the week - 31 July 2015
It’s that time to put your knowledge of this week’s insurance news stories to the test – and this time it’s not just for fun. It is serious.
Brit's first half profits crash 93% amid investment portfolio restructuring
First half after tax profits at Brit fell from $94.5m (£60.7m) in 2014 to $6.4m this year.
Leung to replace Choi as Hong Kong's insurance government head
John Leung is relocating from Taiwan to start as Hong Kong's commissioner of insurance on 19 August to replace Annie Choi.
Win England vs France rugby tickets by completing the Post quiz
For your chance to win a pair of tickets to the England vs France 2015 QBE International at Twickenham on 15 August complete this week's Post news quiz.
Zurich UKGI personal lines boss Holliday heads for the exit
Zurich UK general insurance CEO Vibhu Sharma has reassured brokers that service levels will not be impacted by the departure of UKGI personal lines and Endsleigh managing director Tim Holliday, who has stepped down “to pursue opportunities outside the…
Lloyd's to boost Malaysia presence as it applies for onshore licence
Lloyd's is to apply for an onshore reinsurance licence in Malaysia and open an office in Kuala Lumpur.
Generali reports record net profit despite mixed P&C performance
Italy’s Generali Group saw net profit grow 21.6% to €1.3bn (£0.91bn) in the first half of 2015, aided by strong growth in its life insurance business.
MARM elects new president
Ian-Edward Stafrace has been elected president of the Malta Association of Risk Management, the association that has been representing the risk management profession in the country since 2011.
Money Supermarket clocks 8% rise in insurance revenues
Revenues in Money Supermarket's insurance division grew 8% to £73.6m in the six months to 30 June 2015, while the group's post-tax profit jumped 44% to £30.2m.
Teleperformance to take over Liberty’s Northern Ireland contact centre
French outsourcing firm Teleperformance has struck a deal to manage Liberty Insurance's contact centre in Enniskillen, Northern Ireland.
Swiss Re delivers 11% boost to income despite 'economic uncertainty'
Swiss Re CEO Michel Liès has hailed his firm’s “solid set of figures” for the opening six months of 2015, amid “uncertainty about overall economic growth” around the world.
ABI urges government to tackle CMCs amid rising motor prices
The average price paid by motorists for an annual comprehensive motor insurance policy rose by 2.1% in Q2 compared to the first quarter of 2015.
Venetico to lead Generali's Asia commercial property underwriting
Industry veteran Joe Venetico has been appointed head of property underwriting, Asia for Generali global corporate and commercial.
Standfield to leave QBE to join Australia broker group
Post understands Shaun Standfield, QBE's chief underwriting officer for Asia, is to leave the insurer to join an Australian broking group.
Cyber attacks in Australia have tripled since 2011
Cyber attacks in Australia have tripled in three years from 313 in 2011 to 1131 last year according to the Australian Cyber Security Centre.
Fagen appointed QBE group chief strategy officer
Colin Fagen, QBE's CEO for Australia and New Zealand, has been appointed to a newly created role as group chief strategy officer.
Asta MGA enters solicitors' PI market with capacity from Great Lakes
Asta Capital has launched a new platform, called Asta Underwriting Management, to support the managing general agent market.
RSA completes sale of Indian stake
RSA has announced that the sale of its stake in Indian insurer Royal Sundaram Alliance has been completed.
Sun Life targeting 250,000 customers for new GI arm
Sun Life is aiming to sign-up around a quarter of a million policyholders to its general insurance division inside the next four years and is already setting its sights on the motor market.
Police charge 38 with insurance fraud offences
Police have charged 38 people for ‘cash for crash' insurance fraud offences in Cumbria.
Insurers encouraged to lobby regulators on drone safety laws
Safety laws governing the use of drones have been pitched as a potential lobbying area for insurers to champion in an effort to mitigate large pay-outs from accidents or improper use of the technology.
Gallagher's broking unit posts 16% increase in pre-tax profits for first half
Arthur J Gallagher’s brokerage unit posted pre-tax profits of $217.6m (£139.2m) in the first six months of 2015, up 16% on the $186.5m posted in the same period in 2014.
Vienna Insurance Group agrees Latvian deal
Vienna Insurance Group has agreed a deal to buy Latvian insurer Baltikums, subject to regulatory approvals.