News
Zurich study investigates security breaches
Zurich has joined forces with the Federation of European Risk Management Associations and Harvard Business Review Analytic Services to launch a study into security and privacy risk.
New Swiss Re office targets large corporates in the Benelux region
Swiss Re Corporate Solutions has bolstered its presence in the Benelux countries with the opening of an office in Amstelveen in the Netherlands.
Laing & Buisson report published
Laing & Buisson has published its latest report into the UK health and care markets.
Aviva action group calls for directors to resign
A group of Aviva policyholder activists and shareholders have called for four more directors to step down from the board just months after Andrew Moss, pictured, was forced to resign as chief executive.
Mild Q1 weather blamed for RIIG loss
Resources in Insurance Group has blamed unusually mild weather conditions in the first quarter of the year for a loss of £696 581 in the first six months of this year.
America and Asia battle series of earthquakes
Several earthquakes hit California, the Florida Keys, Japan and China over the Bank Holiday weekend.
DLG revamps claims management system
Direct Line Group has taken another step towards revamping its claims business by launching the next phase in its end-to-end claims management system.
IAG maintains silence on UK business sale
Insurance Australia Group has stressed that writing off its remaining goodwill and intangible assets in the UK business is not necessarily a sign that it will sell that division.
Aviva: New jobs at risk "in line" with chairman's strategy
Aviva has claimed the 800 at-risk jobs among “middle management and below” are in line with its chairman’s plan to simplify the business.
Lorega chairman Harvey sails off into the sunset after 25 years
The chairman and director of the Lorega, Malcolm Harvey, pictured, has retired.
IT experts target six MGAs with new ‘shrink wrapped’ underwriting service
Insurance IT specialist Salmon has launched a new end-to-end underwriting service for managing general agent start-ups in a bid to make writing risk less “labour intensive”.
Marsh adds to solicitors’ PI team
Marsh has appointed John Kunzler to lead its UK regulated professions practice for England and Wales and promoted William Cooper to head of its England and Wales solicitors’ professional indemnity team.
Marsh issues solicitors' PI cover warning
Marsh has urged law firms to carefully consider their length of professional indemnity policies during the October renewal with a future influx of market entrants likely to drive down rates.
MMA poaches motor specialist from QBE
MMA Insurance has appointed Gary Clayton as senior motor trade underwriter with a remit for the South of the UK.
JLT Re plans continued expansion in Asia
JLT Reinsurance Brokers is continuing expansion of its operations in Asia with a particular focus on China.
London council wins crash-for-cash fraud case after four-year stand-off
Barnet Council has avoided up to £120 000 in fraudulent claims costs after a council worker became suspicious of four motor insurance claims occurring in suspiciously similar circumstances.
Strong risk-adjusted capital sees Abu Dhabi rating at A (Excellent)
Abu Dhabi National Insurance Company has had its financial strength rating confirmed at A (Excellent) and issuer credit rating of “a”. The outlook for both ratings remains stable.
Ping An Group sees 9.4% growth in net profit
Ping An Insurance Company of China has maintained growth above the industry average amid complex economic and market environment for the first half of 2012.
Typhoon Tembin headed for Taiwan
Typhoon Tembin, the 14th typhoon of the 2012 Pacific season, is heading slowly for southern Taiwan, and is expected to make landfall today.
Oman Insurance outlook revised to stable after 'robust underwriting'
The Oman Insurance Company PSC (United Arab Emirates) has had its outlook revised from negative to stable after a robust underwriting performance.
Middle East Insurance Company achieves rating of 'B++'
Middle East Insurance Company has had its financial strength rating of B++ (Good) and the issuer credit rating of “bbb”, with stable outlooks.
Union accuses Aviva of job cuts programme via the back door
Aviva has warned that up to 800 jobs are at risk within its UK business as part of a push to cut costs by new chairman John McFarlane.
Autonet invests in leadership programme
Autonet Insurance is launching a leadership training programme within its managerial ranks aimed at improving their ability to motivate and inspire their teams.
Sale frees NY fed of AIG toxic assets
The Federal Reserve Bank of New York has made billions of dollars in revenue for US taxpayers with the sale of the last toxic assets acquired through its bailout of AIG in 2008, according to US press reports.