News
SSP looks to 'transform' market with new cloud-based quotes hub
SSP bosses believe a combination of the firm’s brokers accounting for more than 50% of the private motor market and the integration of a new cloud-based quotes hub will “transform” the intermediated personal lines market.
First Insurance reports 25% premium growth
Jordan-based takaful provider First Insurance Cpany reported premium growth of 25% in its full year results for 2011.
Collaboration key to tackling Malaysian motor fraud
Collaboration is needed between insurance practitioners, adjusters and motor workshops in to improve fraud detection in Malaysia’s motor industry, according to industry sources in the region.
Zurich makes two international promotions
Zurich has made two new appointments in its commercial market sector in Canada, and in the North America-based financial services group.
Willis calls for insured reputation cover
Willis has said a staggering 95% of major corporations have suffered at least one major reputational crisis in the past 20 years, but that less than 10% of these events are insurable.
Willis Re issues Solvency II OSRA guide
Willis Re has released a report discussing the function and contents of the Own Risk and Solvency Assessment under Solvency II, warning that it remains a challenge for insurers of all sizes.
Aon Risk Solutions expands reach of Manchester boss Kielty
Aon Risk Solutions boss Jane Kielty has seen her remit extended to include heading up the Leeds and Sheffield operations of the firm's corporate business.
Riverbourne administrator expects sale soon
Cobra Network broker Riverbourne looks set to be sold as a going concern to get it out of administration, one of its joint administrators has told Post.
Carole Nash hands long-serving employee Baker marketing role
Motorcycle insurance specialist Carole Nash has promoted Nick Baker to the newly created position of director of products and marketing.
AM Best gets green light for Dubai branch
Ratings agency AM Best is to open an office in the Dubai International Financial Centre in Dubai, UAE, after receiving the necessary regulatory and legal approval.
European Council introduces rule to limit short selling in crisis situations
The European Council has adopted a regulation designed to restrict short selling and certain aspects of credit default swaps in situations where there is a threat to financial stability.
Indian shipping firms may look to China for insurance
Indian shipping companies may turn to China in their struggle to find replacement insurance coverage when EU sanctions on Iranian oil come into force.
Quarter of Indian consumers think life insurance is not important
Insurers in India face an uphill struggle to persuade consumers of the need for life insurance, a recent study indicates.
Emerging markets present growth opportunities for energy firms
Despite geo-political turmoil, many economies now present increased growth opportunities for global energy companies due to decreasing political risk and improvements in legal and regulatory environments, according to risk analysis company Maplecroft.
Motor claims expenditure boss joins Selsia
Former HSBC Insurance motor claims expenditure boss Ian Stewart has joined Selsia Vehicle Accident Centres as an insurance consultant, with particular focus on developing the firm's direct model within the sector.
Axa buys into HSBC's insurance arm
Axa is said to have bought at least a stake in the non-life insurance business of HSBC and is expected to disclose the transaction details this week.
Quindell integrates claims firms
Insurance outsourcing firm Quindell Portfolio has appointed Gillian Baker to a newly formed strategy and integration advisory board for all its claims businesses.
Medics to tell MPs their reports add value
The British Medical Association and medical reporting firm Premex Group will today tell MPs on the All Party Parliamentary Group on Insurance & Financial Services that medical reports help the personal injury claims process.
Ex-Oval boss's broking network builds momentum with Scottish signing
The Momentum broker network has completed the signing of its first Scottish firm to sit alongside current members in England, Wales and Northern Ireland.
Crawford & Company posts record annual revenue despite Q4 slump
Crawford & Company has today reported annual revenue before reimbursements of $1.125bn (£709m), while net income attributable to shareholders increased by 60% to $45.5m (£28.7m) over the course of 2011.
Ferma advisor made Dexia director
The Belgian government has appointed a former president of the Federation of European Risk Management Associations as an independent director to state owned bank and insurer Dexia.
Perils expects €267m losses from Windstorm Andrea
Independent Zurich-based firm Perils has disclosed its initial loss estimate for windstorm Andrea as €267m.
Insurance Insight – top 10 stories
The top 10 stories from www.insuranceinsight.eu over the past seven days.
Smith: Ageas saw "a step change"
Ageas boss Barry Smith has told Post that high street provincial brokers provided the biggest boost to business last year, with broker business growing by as much as 20%.