News
QBE European GWP up 15% to $3.1bn after Brit acquisition
QBE Europe has reported a 15% rise in gross written premium to $3.1bn (£1.98bn) for the first half of 2013 (H1 2012: $2.7bn) but a 40% fall in insurance profit to $105m (H1 2012: $175m).
CII launches equality strategy
The Chartered Insurance Institute board has approved a new equality strategy as part of its commitment to creating a diversity-aware and inclusive professional body for people working in financial services.
Dual appoints AIG's Crowe senior financial institutions underwriter
Dual, the underwriting arm of Hyperion Insurance Group, has appointed Damian Crowe as a senior underwriter.
Brit developing 'tactics' to counter Aon/Berkshire Hathaway type deals
Brit Insurance chief executive Mark Cloutier claims his firm has a “defensive strategy” in place to counter the impact of an increase in high-profile broker line slips.
Insurance Insight Asia editor talks Philippines flooding to BBC
With businesses in the Philippines are still dealing with the aftermath of Tropical Storm Trami, Insurance Insight Asia editor Andrew Tjaardstra spoke to the BBC's Rico Hizon about what is happening and the cost of such natural disasters.
Insurance Insight Asia editor talks to BBC on Philippines flooding
With businesses in the Philippines are still dealing with the aftermath of Tropical Storm Trami, Insurance Insight Asia editor Andrew Tjaardstra spoke to the BBC's Rico Hizon about what is happening and the cost of such natural disasters.
Double appointment for JLT Nottingham
JLT Specialty has made two appointments to its team in Nottingham.
RSA extends outsourcing agreement wih Accenture
RSA has signed an extension with Accenture for its application outsourcing agreement for another five years to the end of 2020.
Woman pleads guilty to 12 counts of fraud totalling £50k
A woman who submitted 12 identical claims to 11 insurers for cash, electronic and designer items in an attempt to gain £50 000 from bogus insurance claims has pleaded guilty.
NAB calls for investigation into written-off vehicles
The National Association of Bodyshops is urging the Competition Commission to undertake further investigations into vehicles that have been written-off following claims that their number has increased.
US woes hit QBE's profits
First half profits at insurer QBE were down 37% to $477m as earnings were hit by the US and poor investment returns.
Lloyd's eyes Beijing underwriting office
Lloyd's is to open another underwriting office in China once regulatory approval has been granted.
Express train crashes in India
37 Hindu pilgrims were killed and several injured when the train crashed into the pilgrims at a railway station in the eastern Indian state of Bihar.
Motor profitable for just one-third of insurers in 2013 says E&Y
Only one-third of UK motor insurers will make a profit in 2013 according to EY.
Amlin Europe claims ratio hit by French property claims
Amlin Europe results were hit by large property losses in France in the first half of 2013.
Equinox Global bolsters Hamburg & New York units
Equinox Global has named Dagmar Böhning as underwriting manager at Equinox Global in Hamburg, Germany and Joe McNamara as vice president of credit and political risk in New York.
In Front wins Aviva solus subsidence claims deal
Claims management firm In Front has won 100% of Aviva’s subsidence business, Post understands.
Hannover Re enters talks to buy Heidelberger Leben
Hannover Re is poised to buy Lloyds banking group’s German insurance arm for a fee of €400m, according to media reports.
Smith Greenfield joins Pink Insurance panel
Smith Greenfield has been appointed as the specialist provider of higher value home and contents insurance to the General Insurance panel of mortgage and insurance network Pink.
Markel launches cyber risk offering
Markel International has launched a module for professional services firms in the UK which protects against cyber risk.
SSP looks to Swinton for e-trading director
Technology provider SSP has swooped to recruit Swinton’s head of information systems to head up e-trading.
Markel appoints Matthew Cannock as MD in Singapore
Matthew Cannock has been appointed Markel International's managing director in Singapore.
Equinox Global strengthens international team
Equinox Global has appointed Joe McNamara as vice president of credit and political risk in New York and Dagmar Böhning as underwriting manager, at Equinox Global in Hamburg, Germany.
Dane Douetil takes the reins at BMS Associates
BMS Associates has named Brit Insurance chief executive Dane Douetil as its new group CEO.