News
Former Axa PL boss Keating returns at non-standard MGA Midas
The former managing director of Axa Personal Lines intermediary Mike Keating has returned to the market at a specialist non-standard property underwriting agency, Postonline has learnt.
Airmic teams up with Cost Advocates
Airmic has chosen costs law specialists Cost Advocates to provide its members with help reducing legal costs expenditures.
Charles Taylor goes live with MGA service
Charles Taylor Insurance Services has launched a new service enabling independent underwriters to establish their own managing general agents.
Axa bolsters healthcare business with Health-on-Line acquisition
Axa PPP healthcare has reinforced its capability as a multi-channel distributor today following the acquisition of specialist online health insurance provider Health-on-Line.
Towergate boosts merger management with Saulter appointment
Towergate Insurance has upped the ante on takeovers by bringing in Towergate Financial chief executive Dan Saulter, pictured, as group mergers and acquisitions director.
Green Insurance pet cover sales grow 166%
The Green Insurance Company's pet cover sales grew by 166% last year, and the company also topped £100 000 in donations to animal charities for the first time.
Asia helps Bupa shore up drop in European revenue
Healthcare group Bupa has announced revenues of £8bn for the year ended 31 December 2011, with strong performances in Asia.
Olympic power fears prompt IT exodus
Companies in the capital are moving their data storage and other IT services out of London ahead of the Olympics as concerns rise that power demand could cause disruption to electricity supplies.
Study in Jordan may liberalise compulsory TPL insurance
The Jordanian government is considering liberalising prices of compulsory third-party liability insurance services this year, according to media reports.
Munich Re CEO von Bomhard forecasts €2.5bn profit for 2012 after good start
Munich Re has made a good start to 2012 and is aiming for a profit of around €2.5bn, according to CEO Nikolaus von Bomhard.
Direct Commercial launches motor claims app
Direct Commercial, which writes business on behalf of Ascot Underwriting Syndicate 1414 at Lloyd's, has developed a motor claims app to help policyholders report claims while on the move or from the scene of an incident.
Pool for PPOs splits insurers and reinsurers
Insurers and reinsurers are split over the idea of an industry pooling solution to deal with the size and duration of periodical payment orders, according to a straw poll conducted by actuary Towers Watson.
Bupa profits rise outside the UK
Private medical insurer Bupa has announced revenues up 6% to £8bn and an underlying surplus up 20% to £559m.
Munich Re promises 2012 turnaround
Munich Re has claimed it has made a good start to 2012 and is aiming for a profit of around €2.5bn after announcing 2011 profit was slashed to €712m (2010: €2,430) in what it called "an extremely difficult environment".
Biba's budget submission slates regulators
The British Insurance Brokers' Association has warned the Chancellor that the value of insurance "is being eroded through inappropriate, disproportionate and costly regulation".
RSA's Charon appointed CEO for Zurich GI France
Anne Charon has been appointed chief executive officer for Zurich's general insurance business in France
Brokers eager to reduce carbon footprint with practical steps
Environmental policy issues should be central in the development of operations, according to the majority of brokers that took part in an Aviva poll ahead of Climate Week.
French appointment builds Towers Watson European brokerage
Towers Watson has reinforced its position in the French reinsurance brokerage market with the appointment of Faiza Lefèvre as a senior broker.
EPG to open multi-lingual call centre
Lloyd's broker EPG Insurance Services is to open a multi-lingual customer services centre by the Olympic Park in Stratford, east London to handle business volume out of Europe.
Talbot and ADNIC cease UAE JV but remain committed to MENA
Talbot Underwriting, a wholly owned subsidiary of Validus Holdings, and Abu Dhabi National Insurance Company are to cease their joint venture business, Underwriting Risk Services (Middle East), which was established in the Dubai International Financial…
No insurance, no fuel idea rubbished
The idea that uninsured motorists will be unable to buy fuel at petrol stations because number recognition cameras will check with the Motor Insurance Database and only open pumps for insured vehicles looks like being pure spin.
Saudi Arabia ripe for growth as health insurance dominates market
Health represented 53% of gross written premiums in 2010 and regulation has changed the Saudi Arabia insurance market dramatically with further development anticipated, according to a report.
KTM bike insurance in aggregator deal
Specialist KTM Insurance Services, run by broker Express Insurance, has announced an exclusive six-month partnership with price comparison website The Bike Insurer.
LAS completes first acquisition since Gresham-backed MBO
LAS Claims Management has completed its first acquisition since its private equity-backed management buyout from Lanes Group Plc in 2010.