News
Hiscox CEO: government spending on flood defences too little too late
The government's decision to suddenly free up £120m in funding for flood defences last week has been described as "a drop in the ocean".
Crawford and Cunningham assist flooded Somerset villagers
Crawford & Company and Cunningham Lindsey have banded together to visit the flooded properties of NFU Mutual policyholders in Somerset.
APC takes first step into mainland Europe
APC has taken its first step into continental Europe by launching two SME insurance products in the Dutch market through its new platform APC Holland.
Beazley launches Gulf of Guinea piracy cover
Beazley has launched a piracy policy specifically for ship owners with vessels operating in the Gulf of Guinea, in response to a growing number of incidents in the region.
Blackrock recruits to meet insurer demands
Blackrock has made three senior appointments in response to growing demand for outsourced asset management services from insurers.
Towergate win boosts Gable GWP 'by 30%'
Towergate Underwriting has entered a five-year partnership with listed insurer Gable Holdings, which will act as a cover provider from January 2013.
Police and insurers clash over responsibility for riot damages compensation
The Home Office is to consider appointing an independent person to consult on changes to the Riot [Damages] Act 1886 following the London riots in August 2011.
Skuld posts underwriting deficit after rise in pool claims
Norwegian marine insurer Skuld posted a third-quarter bottom line deficit of $2.9m today following record claims costs from the international group's pooling system.
Xchanging set for February mobile launch
Xchanging is readying mobile apps to allow customers to make notations and amendments to electronic documents from mobile platforms with a launch earmarked for February.
AIA completes deal for Aviva's Sri Lanka unit
AIA has completed its acquisition of Sri Lankan insurer Aviva NDB Insurance from Aviva and Sri Lanka's National Development Bank.
Premier Inn opens doors to flood victims
The Insurance Claims Accommodation Bureau has bolstered its database of preferred properties nationwide by forming an alliance with hotel group Premier Inn.
BGL ups fraud protection for van customers
The BGL Group has increased its fraud protection for the firm's Budget and Dial Direct van insurance customers, which will be verified via its in-house data hub.
APC to serve Dutch SME market
Commercial insurance underwriting agency APC has set its sights on the continent with the launch of a Dutch arm as the first step in its expansion plans.
Skuld claims costs soar as a result of international pooling system
Marine insurance provider Skuld chalked up record high claims costs from the international group's pooling system, leading to a bottom line deficit of $2.9m (£1.8m) with corresponding contingency reserves of $288m (£178.9m).
Jelf profit rises 23.5% to £3.5m
Jelf has reported a 1.3% rise in revenue to £73.0m (2011: £72.1m) while Ebitdae increased by 11.6% to £11.3m (2011: £10.1m) in the year ending 30 September 2012.
Boucher joins Kinetic as non-exec chairman
Lloyd's broker Kinetic Insurance Brokers has named Steve Boucher as non-executive chairman with immediate effect.
Ex-Guy Carpenter COO joins Novae board
Novae has appointed former Guy Carpenter chief operating officer Charles Fry as chief financial officer.
Top five Asian news stories
The top five stories from www.insuranceinsight.com over the past seven days.
RSA opens Dubai office
RSA has been granted permission to operate in the Dubai International Financial Centre, starting on 18 November.
Top five European news stories
The top five European news stories from wwww.insuranceinsight.com over the past seven days.
EC must ensure revised IMD is not a burden for industry
Insurance Europe today urged the European Commission to ensure that revisions to the Insurance Mediation Directive to protect consumers are "flexible and proportionate".
Premium Credit lining up strategy head replacement
Newly acquired finance company Premium Credit is to announce a new head of business strategy this week after former incumbent and chief operations officer Jonathan Cattle left in the summer.
BNP Paribas' insurance arm turns lender
The insurance subsidiary of French banking group BNP Paribas will take on the job of lending to companies as tougher regulations ramp up the cost of traditional loans, Reuters reported.
Collinson to complete One Group purchase
Collinson Insurance Group has inked a deal to acquire claims handler One Group, subject to due diligence.