News
UK insurers criticised for “squandering” big data opportunity
Concerns over regulatory requirements and data security are preventing insurers from using technology to improve customer relationships and grow their businesses, an IBM survey found.
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Willis Networks picks up a dozen new members
Twelve companies have joined Willis Group Holdings' networks taking its total network membership to 140.
Aviva to close Bluecycle salvage operations in further cuts
Aviva has confirmed it is to close its online salvage business, Bluecycle, and will acquire its future salvage services from Copart.
XL insures train-owner at centre of Canada derailment
XL has confirmed it insurers the owner of the train that derailed in Quebec, Canada this week.
Europe's cyber market could be worth €900m by 2018 says Allianz
Allianz expects to hold a fifth of the European cyber market by 2018 and forecasts significant growth in the product line outside of the US, a board member said on Wednesday.
Questgates expands footprint to include Dublin
Loss adjuster Questgates has opened its first Dublin regional office.
AIG takes yacht protection to Australia
AIG private client group has extended its yacht insurance product to Australia.
Cancelled Elton John concerts could hit insurers for £10m
Cancelled concerts due to Sir Elton John’s appendicitis scare could lead to insurers forking out up to £10m.
Hiscox targets London market brokers with web news app
Hiscox has launched a new web app, which is designed to provide news, views and practical advice to London market brokers.
AJG swoops for Capita customer marketing boss
Arthur J Gallagher has recruited Capita Insurance Service’s head of customer markets to lead activity for its direct division.
Insurers called to step up lobbying efforts on young drivers’ safety
Insurers should put pressure on the government to change track on its safe driving proposals for young people, Simon Jackson, managing director of Girls Drive Better, has said.
Questgates expands presence with office in Dublin
Loss adjuster Questgates has opened an office in Dublin.
Data 2013: Embrace mobile but don't rely on social media insurers told
Consumers may be posting increasing amounts of personal information on social media but many view the idea of companies exploiting it as intrusive, insurers were warned yesterday.
Bluefin recruits for Leeds, Stockport business development
Axa-owned broker Bluefin has recruited two news business development directors to be based in its Leeds and Stockport offices.
Marsh opens office in Birmingham city centre
Global insurance broker Marsh has moved into new premises at the Colmore Plaza development in Birmingham city centre as part of its expansion across the Midlands.
European floods to cost insurers £3.3bn
The insurance industry will faces losses of €4bn (£3.3bn) following flooding across Central Europe are, with most of the claims coming in Germany.
European flood payout tops £3.3bn
Insured losses from flooding across Central Europe are estimated at €4bn (£3.3bn), with most of the claims coming in Germany.
Transactor turnover increases 15%
Transactor Global Solutions reported a turnover in excess of £7.7m for the year from 1 April 2012 to 31 March 2013.
Sterling launches online complaints management system
Sterling Technologies has launched an off the shelf online complaints management system designed to provide a tailored solution to the UK insurance industry.
France looking to insurers to boost lending
France’s finance ministry is to relax rules on insurer’s ability to lend, allowing firms to devote up to 5% of their balance sheets to corporate loans.
Lloyd’s insurer Advent names Fitzgerald CEO
Nigel Fitzgerald has completed a six month transition period to take the reigns as chief executive officer at Advent.
Generali takes control of Germany’s second-largest insurer
The Generali Group has struck a deal to purchase a minority stake in Generali Deutschland, taking it beyond a 95% holding and triggering a full buy out.
Ten teams up with Prism for disaster recovery and repair offering
Ten Insurance Services has joined forces with Prism Network to provide disaster recovery and repair services to its members.