News
Ankel to leave Allianz Global Corporate & Specialty
Alexander Ankel, Asia chief executive of Allianz Global Corporate & Specialty, is leaving the group to pursue "outside opportunities".
Fosun becomes Ironshore's largest shareholder
Chinese conglomerate Fosun has bought 20% of international property and casualty insurer Ironshore for $464m (£277m).
Two missing after tourist boat sinks in Indonesia
Two Spanish men are still missing after their boat sank off East Indonesia on Sunday.
Berkshire Hathaway hires two senior AIG execs in Asia push
Warren Buffett is targeting Asia to expand his insurance unit Berkshire Hathaway Specialty Insurance.
Motor and home premiums fall almost 7% in past year
The British Insurance Brokers’ Association has highlighted government and industry initiatives as a contributing factor behind a 6.8% reduction in the cost of motor and homes insurance in the past year.
AA index reports 6.1% motor premium decrease
Latest results from the AA British Insurance Premium Index show a 6.1% decrease in annual comprehensive car insurance premiums to £504.59 for the three months ended 30 June.
Broker Network boss Fairchild says proving value key to membership
New Broker Network chief executive Andy Fairchild has pledged to prove to insurer and broker members the value of being part of the group.
Gauntlet targets 20 appointed representative relationships
Coventry-based accountant Askews is to offer insurance via an appointed representative of broker Gauntlet Risk Management.
Zurich aids return of valuable medieval jug two years after theft
A Fourteenth Century jug is back on display at Stockwood Discovery Centre in Luton after Zurich supported restoration work and enhanced security protocols following the theft of the medieval artefact two years ago.
More pain predicted for motor market as regulation rears its head
Listed insurers Esure, Admiral and Direct Line Group are expected to fare better than most as the motor market enters the toughest part of the underwriting cycle, according to a note published by Berenberg.
BP Marsh acquires 5% stake in Nexus Underwriting for £1.55m
Niche capital venture provider BP Marsh & Partners has snapped up a 5% shareholding in managing general agent Nexus Underwriting Management for £1.55m.
China's State Council encourages insurance reforms
China's State Council is attempting to help modernise the Chinese insurance industry so it has a greater role in society.
Fike leaves Cigna to head Zurich's Malaysia GI team
David Fike, former CEO and general manager in Turkey of a Cigna joint venture with Finansbank, has become president of Zurich's Malaysia general insurance team.
Catlin moves McMellin from US to lead London underwriting hub
Catlin US underwriting hub chief executive Andrew McMellin is to return to the UK to take on the same role for the insurer's London division.
Insurers behind banks on mobile offerings
Insurers continue to lag behind their banking counterparts when it comes to mobile websites and apps, according to research from CP consulting.
Swiss train derailment injures 11
A train carrying 200 passengers from St Moritz has derailed after a landslide washed away part of the track.
Aviva partners with Intana on travel claims services
Aviva has partnered with Collinson Group's claims division Intana for travel claims and assistance services.
42 Xchanging claims staff in redundancy consultation
Xchanging has put 42 staff in its claims business in consultation in the third part of a redundancy process related to the end of the Lloyd’s Claims Agreement for Followers.
Men and women equally safe drivers say 49%
Just under half of Britons view male and female drivers as equally safe according to a survey from Sheila’s Wheels.
Aviva recruits from Progressive for global analytics boss
Aviva has recruited Progressive’s vice president of big data to helm its own analytics operations.
Thai airline grounded over safety fears
Thailand based City Airways has stopped flying after local authorities refused the airline permission to use its airports over safety concerns.
Compare the Market fined for misleading advert in Australia
Online aggregator Compare the Market has been forced to withdraw an Australian health insurance advert after it was found to be misleading.
Brit IPO cost in line with expectations, claims Cloutier
Brit group chief executive Mark Cloutier has conceded he was not happy with the £14m cost of launching the firm's initial public offering, despite the figure being in line with expectations.
Insurance business crucial to future growth at the AA, claims Connor
AA Insurance Services managing director Janet Connor believes her recent appointment serves to highlight the growing emphasis the AA places on insurance.