News
Fitzgerald Consulting replaces GAB in adjusting network
Fitzgerald Consulting is to join loss adjusting network Context International as its sole UK representative replacing GAB Robins after its acquisition by Crawford & Company in December 2014.
Fight for talent in broking tipped to lead to further litigation
Recent high profile litigation in the broking sector related to team moves has been deemed the "tip of the iceberg" by market commentators who are predicting further similar disputes.
Data protection key as insurers seek to improve online engagement
Insurers have conceded they must overcome concerns regarding data protection breaches if they are to improve online customer service, following a survey that showed the sector is failing to adequately engage with consumers.
Ex-Towergate director Bartlett becomes Axa's northern branch boss
Axa Commercial Lines and Personal Intermediary has finished compiling the senior management team for its branch operation with the appointment of Lisa Bartlett as regional director for the north.
Helvetia Group completes National Suisse Group takeover
Helvetia Group's Swiss insurance units have now been merged following the takeover of the Nationale Suisse Group in late-2014.
Tokio Marine Kiln unveils drone product
Tokio Marine Kiln has launched what it claims is the first comprehensive insurance product for Unmanned Aerial Systems in the Lloyd's market.
Coalition's GI legacy one of progress and 'missed opportunities'
The diffuse mesothelioma payment scheme and Flood Re have been highlighted among the coalition government’s main achievements by industry insiders, with the lack of progress on young driver reforms named as a key disappointment of its five year tenure.
Cunningham Lindsey aims to forge greater local links with regional management structure
Cunningham Lindsey has unveiled a new regional management structure for its loss adjusting services team, designed to put a greater focus on the local delivery of technical skills, and create deeper local relationships with insurers and brokers across…
Torus and LAU to write general aviation in the US
Torus and London Aviation Underwriters Form General Aviation Partnership in the US
ABI says that cyber insurance to be the norm by 2025
Cyber insurance should become as common a purchase for UK businesses as property insurance within the next 10 years, the Association of British Insurers said today.
Towergate makes senior hires in Scotland
Towergate Insurance has appointed Caroline Inglis and Ian Docherty into the Scotland broking region as the business looks to reinforce its local market leadership.
Fairfax eyes 35% stake in Vietnam insurer
Toronto-based Fairfax Financial is set to buy a 35% stake in general insurer BIDV Insurance for an undisclosed sum.
CILA reaps benefits of Asia tour with three alliances
The Chartered Institute of Loss Adjusters has formed three important alliances after two of its most senior members visited Asia.
XL Catlin begins 'bold new world' marketing campaign
Following the completed merger of XL and Catlin, the combined entity XL Catlin has launched an "insurance for a bold new world" marketing campaign.
Peak Re makes first underwriting profit but overall profits fall 60%
In 2014 Hong Kong-based reinsurer Peak Re made a technical underwriting profit of $15m (£9.9m) despite its overall profits falling from $102.9m in 2013 to $41.6m last year.
Ace appoints general counsel for Australia and New Zealand
Ace has appointed Gabija Simmonds to the role of general counsel for Australia and New Zealand.
Sydney hailstorm costs rise above A$100m
The hailstorm which hit Sydney on 25 April has seen 19,000 claims and A$125m (£65m) in losses according to the Insurance Council of Australia.
Fosun acquires 100% of Ironshore
Chinese conglomerate Fosun has bought the remaining 80% of shares it did not already own in Bermuda-based Ironshore for a reported $1.8bn (£1.2bn).
ABI urges pet owners to take advantage of growing market
Insurers paid out record amounts in pet insurance feeds in 2014 but large swathes of animal owners are still failing to take advantage of the cover on offer, according to the Association of British Insurers.
AIG posts first quarter income rise
AIG has reported a rise in net income in first quarter results for the opening three months of 2015, compared to the same period in 2014.
Aon's risk division sees 5% Q1 revenue drop
Revenues in Aon's risk solutions division decreased by 5% in the three months ended 31 March 2015 to $1.9bn (£1.25bn).
XL Catlin company name to be launched as protracted takeover is concluded
The takeover of Catlin by XL will result in the combined entity being marketed as XL Catlin as part of a global advertising campaign to be launched next week.
JLT releases positive management statement ahead of AGM
Jardine Lloyd Thompson is confident in the business' growth momentum and says its trading performance is in line with expectations, according to an interim management statement.
Quiz of the week - 1 May 2015
How much do you know about insurance developments in the last seven days?