News
Cunningham COO among senior trio exit
Loss adjuster Cunningham Lindsey has confirmed that three of its most senior executives have left the company.
Ace targets Swiss growth with A&H hire
Ace Group has appointed Ana de Montvert as business development manager for its Swiss accident & health business, as the company expands its consumer insurance proposition in the country.
Willis UK given chartered broker CII status
Broking giant Willis has been awarded chartered insurance broker status for its UK business by the Chartered Insurance Institute.
Keoghs warns over potential hike in RTA claims
Defendant law firm Keoghs and has warned of a possible rise in claims capturing following the government’s announcement to apply the new fixed recoverable costs to all road traffic accident cases notified in the portal after the end of April.
Lancashire leads pack with "thumping" 2012 result
Lancashire’s 2012 results place it “firmly at the front of its peers in terms of underwriting delivery and return of capital”.
Willis makes European captive hire
Willis has appointed Lesley Harding as chief executive officer of the Willis Global Captive Practice in Europe.
CGSC reveals US management changes
Shaun Hooper has succeeded Neal Abernathy as president and chief executive of Cooper Gay Swett & Crawford's wholesale, reinsurance broking and underwriting operations in North America.
Chesnara appoints non-executive director
Mike Evans has been named as a non-executive director of Chesnara with affect from 4 March 2013.
Willis appoints new European captive head
Lesley Harding has been named chief executive officer of Willis' global captive practice in Europe, effective 1 March.
Finance Ministry approves bancassurance in India
The 2013/14 Indian Budget has confirmed banks will be able to sell insurance in India and has also given insurers the ability to open up quickly in smaller towns.
ING gains $1.24bn from sale of Asian businesses
ING has completed the sale of its Hong Kong, Macau and Thailand insurance businesses to Pacific Century Group for $2.14bn (€1.64bn).
DLG results “good progress” for 2014 commercial underwriting profit
A £2.2m operating profit for commercial lines has satisfied Direct Line Group’s management that the segment is closing in on a targeted underwriting profit in 2014.
ABI welcomes Scrap Metal Dealers’ Act
The Association of British Insurers has welcomed the Scrap Metal Dealers’ Act as it received royal assent today.
Generali presents new travel insurance app
Genertel, the italian online unit of Generali Group, and mobile operator TIM Italia, have presented a new app at the Mobile World Congress, Telecompaper reported.
DLG posts improved international COR after reserve releases
Direct Line Group saw a return to underwriting profit for the 2012 financial year as it posted a combined operating ratio of 99.2%.
Allianz Worldwide Care posts 27% GWP growth
International health insurer Allianz Worldwide Care posted a 27% increase in gross written premiums for the 2012 financial year.
Latvia's Eurozone ambitions
If Latvia has its way it will become the 18th member of the Eurozone by the end of 2014. But as the country's institutions prepare to trade lats for euros, what are the implications for its insurance market?
BMS plotting 10% growth this year, following profitable 2012
Independent broker the BMS Group has today released a 2012 trading update showing revenues in excess of £63m, up 20% on 2011.
Airclaims names new MD post-McLarens merger
Mark Hunter has left his post as chief executive of Airclaims by mutual agreement amid a restructure of management roles, 18 months after the aviation management specialist merged with loss adjuster McLarens.
Kennedys backs courts efforts to block discount rate changes
Insurance law firm Kennedys has welcome the courts’ line of action against claimants who argued that the current discount rate should not apply to their cases.
French fiscal policy "likely to be unfavourable" for insurers
The French government could raid insurance coffers over the next twelve months as it looks to reduce the public deficit, Moody's has warned.
Helphire announces profit alongside refinancing
Claims management firm Helphire has reported an operating profit of £3.1m for the six months to 31 December in interim results published today.
DLG improves combined ratio to 99.2%
Direct Line Group has reported a 9.3% rise in operating profit for ongoing operations to £461.2m (2011: £421.9m) including an underwriting profit of £28.2m compared to a loss in 2011 of £72.3m and a combined operating ratio of 99.2% (2011: 101.8%).
Criterion swoops for Cunningham HNW lead
Loss adjuster Criterion has bolstered its ranks with the recruitment of Cunningham Lindsey’s private client services division founder, Sean Ball.