News
Axa's Indian investment increases given final approval
India's Foreign Investment Promotion Board and the Competition Commission have approved Axa's move to increase its stakes in two Indian insurers.
Gallagher refutes Mark Mugge's surveillance claims
Arthur J Gallagher has conceded that it did carry out surveillance on former CFO Mark Mugge, but has insisted that it was within its rights to do so.
Ross 'authorised surveillance' on AJG employees
Former Arthur J Gallagher International CEO David Ross authorised surveillance of Gallagher employees during his time at the firm, according to AJG's defence to his counterclaim in the ongoing court proceedings.
Dewsall dismisses Gable share slump after 2014 loss
The drop in Gable Holdings' share price following the release of its 2014 annual results statement does not concern CEO William Dewsall who is targeting at least £100m gross written premiums for 2015.
Video: Tackling fraud in commercial lines
Insurance Age’s Expertise From A-Z campaign in association with Allianz investigated the creep of fraudulent behaviour from personal lines into the commercial space.
Mid-market 'forgotten' in industry claims processes
A mismatch between the relatively low rates paid by SMEs and their complex insurance needs has been identified as a key driver for the high levels of claims dissatisfaction reported by smaller businesses.
Despite summer inception Flood Re won't accept first policies until April 2016
Flood Re will not be ready to accept its first policies until April 2016 despite the scheme's systems and infrastructure being in place from summer this year.
Risk managers dispute reputation is an 'uninsurable risk' and urge innovation
Damage to a company’s reputation is insurable despite widespread preconceptions that it cannot be covered according to the risk mangers' trade body.
Quindell completes PSD sale
Quindell has completed the sale of its professional services division to Australian law company Slater & Gordon.
Chily hire leads to boost in Gallagher recruitment hopefuls
The number of people seeking to work at Arthur J Gallagher following Grahame Chilton's appointment as international CEO has "expanded substantially", according to the broker's president and CEO Pat Gallagher.
Downey and Lum take JLT Singapore leadership roles
David Lum deputy chairman of JLT Asia, and Warren Downey, deputy CEO of JLT Asia, are to become chairman and managing director respectively of the broker's Singapore office.
Apps joins Bellwood Prestbury
Andrew Apps, formerly a director at ALC Health, has joined specialist intermediary Bellwood Prestbury in a global role.
Swinton moves low-value commercial business into High St branches
Swinton has announced plans to merge low-value commercial business with personal books in retail branches.
Working group touted to tackle Gibraltar VAT loophole frustration
Insurer frustration around the differing VAT rates incurred by UK and Gibraltar-based firms has led to calls for an industry working party to lobby government to level the playing field.
Companies must pay more for certainty says Airmic's Hurrell
Companies should be willing to pay a higher premium for contract certainty when it comes to business critical insurance products, according to Association of Insurance and Risk Managers' CEO John Hurrell.
Peter Fice and Mark Winslade head to Aviva
Aviva has hired industry veterans Peter Fice and Mark Winslade to bolster its corporate and speciality risk team.
Calera Capital swoops for majority stake in RFIB
US-based private equity house Calera Capital has bought a majority share in RFIB Holdings, the international Lloyd's specialty insurance and reinsurance broker.
Gable reports 2014 pre-tax loss of £5.4m
Liechtenstein-based insurer Gable Holdings has reported record gross written premiums of £80m (2013: £58.9m) for the year ended 31 December 2014 against a pre-tax loss of £5.4m.
Generali in exclusive talks to buy My Drive Solutions
Generali group CEO Mario Greco is seeking a "new business model" as the Italian insurer opens exclusive talks to buy UK-based telematics provider My Drive Solutions.
Taiwan life insurer buys Madame Tussauds' building
Taiwan-based Fubon Life has bought the building which houses iconic London attraction Madame Tussauds for £348.8m.
Am Trust Europe acquires Composite Holdings
Am Trust Europe has acquired Cardiff-based Composite Holdings; a business it had provided underwriting capacity for over the past four years.
ABI reminds government to consider flood risks for new homes
The Association of British Insurers has urged the government to consider flood risks when delivering promised new housing.
National Windscreens seals Ageas deal
National Windscreens has been named the sole supplier for all repair and replacement jobs booked through Ageas customers.
AIG gives London market platform £6.5m capacity boost
AIG has increased the capacity available through its London market platform by $10m (£6.5m) across all financial lines and casualty products and for the exclusive use of the international wholesale market.