News
Open GI names product development head
Systems provider Open GI has moved to bolster its product development operations with the appointment of Kerri Finnegan to head the department.
Iran defiant over insurance sanctions
Iran's vice president Mohammad Reza Rahimi has dismissed EU and US sanctions as futile, saying that Tehran has turned the threats into opportunities for the country's insurance sector.
Loss adjusting stalwarts Wood, Burley and Pittman launch consultancy business
Former Merlin Claims chief technical officer Kevin Wood, Sigma Claims Solutions co-founder Simon Burley, pictured, and ex-Davies claims operations director Jim Pittman have set up a new loss adjusting and consultancy company, Post can exclusively reveal.
Aon underlines Midlands expansion with new Birmingham office
Birmingham business leaders and community figures attended the opening of Aon Risk Solutions' new office in the city, as the company's long-term investment in the region gathers momentum.
Solvency II principles 'ruined' by implementation
Frustration in the insurance industry over the introduction of Solvency II is at an all-time high, according to new research.
Layton Blackham founder joins UK General board
Chris Blackham, founder of consolidator Layton Blackham, has been appointed non-executive director on the board of UK General Insurance.
Groupama Insurances launches software house integration
Ageas subsidiary Groupama Insurances has launched its first e-traded product on Open GI, Acturis and Insurecom.
Solvency II considered 'too complicated’, research finds
The insurance industry is increasingly critical of Solvency II, with a large number claiming the principles of the directive had been “ruined” by the implementation.
Hong Kong insurers see 10% premium rise in first nine months
Hong Kong's insurance industry posted a 10% increase in gross premiums in the first three quarters of 2012, to reach $190.1bn, figures published by the Office of the Commissioner of Insurance showed.
Mass calls for government to assess FRC impact
The Motor Accident Solicitors Society has urged the government to conduct an impact assessment on the fixed recoverable costs consultation results, fearing the outcome could have a detrimental effect on accident victims' rights.
Groupama takes Carole Nash off the market
Groupama's broking arm has withdrawn the motorbike broker Carole Nash from sale, deciding to keep the business with the parent company.
Ex-Lockton business operations boss Barwell moves to Giles
Giles has appointed former Lockton risks solutions boss Stephen Barwell to the role of head of business operations.
Changing consumer habits see Asian insurers embrace e-business
The proportion of Asian insurers' premium income from online sales is increasing, as more insurers embrace the internet as a distribution channel, according to Celent.
Allianz linked with German public sector insurer
Allianz could make a bid for German public sector insurer Provinzial Nordwest, but may have trouble wooing the firm's shareholders, according to a Reuters report.
Transactor secures Minster Court base
Insurance software house Transactor's London market operation is to move into the London Underwriting Centre from February 2013.
Helvetia completes Gan acquisition and confirms Letac as CEO in 2013
Helvetia has completed its acquisition of the French transport insurance portfolio of Gan Eurocourtage.
Ecclesiastical sales students graduate from academy
Twenty-three Ecclesiastical sales academy students have become the first to be awarded postgraduate diplomas having completed the two-year course.
Towergate Insurance acquires Norwich and Peterborough Insurance Brokers
Towergate Insurance has completed its 25th acquisition of 2012, securing a deal to pick up the business and assets of Norwich and Peterborough Insurance Brokers.
European Commission insurance boss van Hulle steps down
The European Commission's insurance head, Karel van Hulle is to retire at the end of January.
Quindell swoops for Accident Advice Helpline parent
Quindell Portfolio has completed a deal to acquire Accident Advice Helpline parent Abstract Legal Holdings from 2 April.
Besso secures £5m in investment funding
Independent broker Besso Insurance Group has completed a deal to secure an additional £5m in investment capital from shareholders to support growth plans.
PICC lists on HK exchange
Chinese state-owned insurer PICC Group raised $3bn in its Hong Kong's initial public offering today.
Middlesea launches assistance app in Malta
Middlesea Assist has launched a smart-phone application that will provide automated response for its roadside assistance service in Malta.
Axa offers interim payments to flood-hit customers
Axa is offering interim payments to households and businesses hit by the recent floods in the UK.