News
Keating starts UK General MD role
Mike Keating has completed his return to the industry, starting his new role as commercial managing director at UK General Insurance.
LDC takes 22.5% stake in Keoghs
Private equity investor LDC has invested in Keoghs, taking a 22.5% shareholding, after the law firm was approved for an alternative business structure.
Admiral slows rate of growth as Q3 turnover takes a slight dip
Admiral released its interim management statement this morning covering the past four months in which third-quarter figures showed a 5% reduction in UK car insurance turnover.
RTA Portal Co chooses IT partner for extension plans
RTA Portal Co has appointed CRIF Decision Solutions as a technology partner to implement changes to the existing electronic claims system as part of the extension of the RTA Protocol planned by the Ministry of Justice.
Quindell outlines growth potential with share placing agreement and key hire
Quindell has entered into a placement agreement with Cenkos Securities in a bid to support the firm's "aggressive" growth strategy.
Post acclaimed as the insurer trade publication of choice
Post won Financial Trade Publication of the Year at the 2012 Association of British Insurers' Financial Media Awards last night.
DLG Q3 combined ratio improves to 96.9%
Direct Line Group has reported a 4% slide in operating profit from ongoing operations for the third quarter 2012 of £123.7m compared with the same period in 2011.
Crawford names chief administrative officer for EMEA-AP
Crawford & Company has appointed Chris Pinney, pictured, as chief administrative officer for EMEA and Asia Pacific with effect from 1 November.
Allianz Global Assistance launches BMW and Mini repair offerings
German insurer Allianz Global Assistance is to launch products that provide BMW and Mini owners with cover for cosmetic repairs and wheel repairs.
Transactor wins solus software contract with Midas
Midas Underwriting has selected Transactor Global Solutions as its new software supplier.
Groupama to place 20 staff on redundancy consultation
Groupama Insurances has confirmed that up to 20 jobs in finance, IT, human resources and marketing are at risk as the firm seeks to reduce expenses and increase efficiencies.
Competition keeps prices low for Italian PI
Italian legislation making professional indemnity insurance compulsory presents opportunities for insurers, but competition is keeping prices low, according to Davide Balloco, head of PI for Markel in Italy.
Economy is biggest underwriting concern for Europe's credit insurers
The main underwriting issue for credit insurers in the European markets is the worsening of the economic situation in the Eurozone, according to Mapfre director of credit insurance Felipe Buhigas.
DAC Beachcroft opens office in Chile
International law firm DAC Beachcroft has collaborated with Chilean firms Seguros Lex and Amunategui y Cia to create DAC Beachcroft Chile from today.
Lloyds to set aside additional £1bn for PPI compensation
Lloyds Banking Group has earmarked a further £1bn to pay customers who were mis-sold payment protection insurance.
More pragmatic solution for Solvency II needed, says L&G chief
The head of UK insurer Legal & General has lambasted proposed Solvency II measures, saying they are unlikely to work in their current form and may need to be redrawn, Reuters reported.
Hiscox underwriters to differentiate between brick and stone buildings
Hiscox is updating its underwriting rules on buildings cover to reflect the difference in rebuilding cost between stone and brick properties.
Emerging markets expansion rewarded by equities analysts
Insurance equity analysts expect higher profitability from the best-performing insurers, despite difficult market conditions, and will reward those that expand into emerging markets, a global survey by Accenture found.
Ferrets help to boost BGL sales in France
BGL Group has rebranded its French price comparison business as Lesfurets.com, or 'The Ferrets'.
Earnings in 2012 to boost insurers' resilience to Sandy, says S&P
Strong results to date in 2012 are likely to cushion the impact of Sandy on insurers and reinsurers, according to ratings agency Standard and Poor's.
UIB hires new staff ahead of special risks unit launch
Independent international reinsurance broker UIB has launched a special risks division in response to customer demand.
Chartis appoints new head of commercial property
Hilary Flynn has been appointed head of commercial property at Chartis UK.
Chartis executive director nominated for achievement award
Jaqueline McNamee, executive director of commercial lines at Chartis, has made the 2012 Woman of Achievement Award shortlist after winning the insurance category.
Aviva to accept 24 apprentices in 2013
Aviva will take on 24 A-level school leavers as part of its 2013 apprentice programme.