News
Drop in profit for Bahrain Kuwait Insurance Co after increased motor claims
Bahrain Kuwait Insurance Company has posted net profit of BD1.5m ($3.9m) for the quarter ended 30 June 2012 (2011: BD 2.6m).
Now Health launches China proposition in Shanghai
International health insurance provider Now Health International has opened an office in Shanghai after signing a partnership agreement with Minan Insurance in 2011.
Haikui causes $230m of insured damage in China
Damage from Typhoon Haikui, which hit China last week, has been assessed at ¥1.046bn ($230m).
Scottish police roll out campaign against uninsured drivers
Police in Scotland have launched a three-day clamp-down on uninsured and unlicensed drivers, following a survey stating that there are currently around 1.2 million uninsured drivers nationwide.
Pannone wins Aria Assistance legal services tender
Aria Assistance, the newly launched independent firm that evolved from the management buy out of Europ Assistance, has appointed Pannone Affinity Solutions to provide legal advice and services support.
More of the same in H2, says FXB, as Groupama targets strategic shift
Groupama chief executive François-Xavier Boisseau has dismissed suggestions that the divestment of the firm's UK broking arm is likely to significantly dent the future financial performance of the business.
AIR Worldwide launches 'under construction' modelling
AIR Worldwide has expanded its offerings for commercial insurers with a capability for determining losses from natural catastrophes to buildings under construction.
Jelf partners with the REC
Broker Jelf has become the exclusive insurance partner of the Recruitment & Employment Confederation.
Groupama achieves profitable H1 as tangible divestment begins
Groupama has recorded a 20% rise in profits before tax in H1 2011 to £22.2m.
Air Worldwide develops catastrophe model offering
Air Worldwide has expanded its offerings for commercial insurers with the ability to determine losses from natural catastrophes to buildings under construction.
Aviva returns to telematics with private car smartphone app
Aviva has re-entered the telematics private car market after four years with a new smartphone behavioural driving app which could save motorists up to 20% on their motor insurance.
Inter Resolve teams up with Aquarium Software on claims management
London-based insurance mediation business Inter Resolve has signed up insurance claims management solutions firm Aquarium Software to help improve its claims handling processes.
SAMA 'extremely helpful' for foreign investors in Saudi, says Charles Taylor
The Saudi Arabian Monetary Association was "very positive" and "extremely helpful" when approached about a foreign adjuster looking to invest in the kingdom, according to Joe McMahon, chairman of Charles Taylor Adjusting.
Salient Solutions founder joins Capita's insurance arm as non-executive director
Capita has appointed Clare Ryder as non-executive director of the partnerships arm in the firm's insurance services business.
Two-year solicitors' PI cover designed to ease ARP fears
Indemnity Risk Solutions is offering solicitors professional indemnity insurance policies that last two indemnity periods, as opposed to the one-year policies or two-year deals with numerous caveats available elsewhere in the market.
Chinese motor insurers fail to make profit for fifth year
Chinese motor insurers did not make a profit in 2011 as claims hit ¥11.2bn, according to data from the Industry Association of China.
Indian insurers set to agree $50m of cover for Iranian oil ships
Indian insurance companies look likely to agree to $50m cover per voyage with Iranian crude oil on risk for collision and spills.
United India posts 21% rise in net profits
United India Insurance Co has posted 21% growth in net profit at Rs192 crore for the quarter ended 30 June 2012 (2011: Rs 159 crore).
Zenith goes live on Compare the Market and Money Supermarket
Zenith Insurance has launched its direct private car brand on Compare the Market and Money Supermarket.
South Wales expansion sees Brightside create 48 tech jobs
Brightside has been given the green light to create a software development operation in South Wales, having been granted a business finance package of almost £500 000 by the Welsh government.
Bupa posts 22% fall in US and European profit
Global health insurer Bupa posted a 5% increase in revenues to £4.1bn and a 3% increase in pre-tax profits to £255.3m for the first six months of 2012.
Towergate makes double acquisition
Towergate Insurance has acquired the non-life insurance business of Dean & Milward and Greaves Adams.
DLG claims transformation manager joins First Central fraud team
First Central has appointed former Direct Line Group claims transformation manager Chris Hallett to the role of operations manager at the firm's recently formed counter-fraud services team.
PowerGuard to provide insurance for Chinese solar firm
PowerGuard Specialty Insurance Services will provide a range of long-term insurance and warranty-related cover for ReneSola, a Chinese manufacturer of solar wafers and modules.