News
Co-op Insurance names life and savings boss as new MD
The Co-operative Insurance has recruited the managing director of its sister life and saving business to serve as MD.
Biba warns on increasing payout battles
Two-thirds of brokers have had to fight harder to get claims paid, according to research from the British Insurance Brokers' Association, blaming fraud and the economy.
Agricultural insurance could rise 'three to four times' in emerging markets, says Swiss Re
Increases in agricultural production and lack of insurance cover in Asian countries is good news for the emerging market agricultural insurance sector, according to Swiss Re.
China's economy grew 7.9% in Q4 2012
Year-on-year Q4 Chinese economic growth of 7.9% beats expectations of 7.8%, but growth slowed to 7.8% overall in 2012 compared with 9.3% in 2011.
Acquisitive regional broker bolsters equestrian offering
Middlesex broker Bryan James & Co has followed up on a pledge to continue to dip its toe in acquisitive waters after completing the takeover of a property management firm's insurance division.
'Crane light was on,' says St George's Wharf developer
A spokesman for Berkeley Group, the parent company behind the St George's Wharf developer, has claimed that the warning light on top of the Comedil crane, which was damaged by a helicopter in a collision yesterday, was on and fully functional.
Large number of claims reported from Jakarta floods
Loss adjusting firm Cunningham Lindsey has been notified of a large number of losses resulting from flooding in Jakarta on Thursday.
Jakarta floods force 20 000 people to evacuate
Widespread flooding in Jakarta has prompted the Indonesian government to evacuate nearly 20 000 residents, according to Cunningham Lindsey.
Ace reshuffles EMEA claims team
Ace Group has reshuffled its accident and health team for Europe, the Middle East and Africa.
Ace shuffles EMEA claims leadership
Ace has restructured the leadership of its EMEA claims management team with three promotions and a recruitment.
BLD names former Drive Assist supplier management head as CFO
Claims management firm BLD Group has named head of supplier management and claims liaison David Hancox as chief financial officer.
Teen 'ghost broker' sentenced to 12 months
A teenager who sold worthless vehicle insurance on Gumtree has been handed a 12-month conditional discharge at City of London Magistrates' Court.
Acturis launches free reporting dashboard for brokers
Insurance technology provider offers software that analyses the causes of business performance problems.
Software firm launches Solvency II tool for Lloyd's market
Insurance investment information specialist Camradata has introduced Solvency II-compliant software to its Lloyd's clients for reporting and accounting.
Jakarta grinds to a halt after widespread flooding
At least four people were killed and 20,000 evacuated on Thursday as widespread flooding hit the Indonesian capital of Jakarta.
Aviva sells stake in Malaysian venture
Aviva has reached an agreement to sell its 49% stake in two Malaysian ventures to Sun Life Assurance.
Chinese broker association formed
China's first international insurance brokerage association was established in Beijing on Thursday, China Daily reported.
New Tasmania fire destroys 30 homes
A bushfire sparked on 13 January has led to evacuations of Tasmanian residents as the island fights to recover from blazes which racked the state earlier in the month.
Thatcham unveils Zurich's Emms as chairman
Zurich's chief claims officer for the UK, Tony Emms, has been appointed chairman of the board at automative research centre Thatcham.
Axa $850m subordinated notes assigned BBB by S&P
Standard & Poor's has assigned its BBB long-term issue rating to the $850m perpetual subordinated notes issued by French holding company Axa (A-/Stable/A-2).
Singapore wants higher entry level for financial advisers
Singapore's Financial Advisory Industry Review committee is looking to improve the financial advisory industry through higher educational standards.
Thai insurer opens flood credit line
MSIG Insurance (Thailand) has opened a Bt1bn ($33.5m) emergency credit line to help pay out Bt2bn ($67m) for flood damage.
AMMB Holdings seeks partners in Malaysia
Malaysian financial services group wants partners for AMLife and AMFamily Takaful by June.
Australia fire season could worsen
The Insurance Council of Australia has warned that the country could be in for a difficult fire season, after fires ravaged Tasmania and the mainland and caused tens of millions of dollars in insured losses.