News
US doubles supercomputer power for hurricane forecasting
US weathermen have been boosted by newly upgraded supercomputers capable of processing computer models on forecasts almost twice as rapidly.
Curtis lands Barbican CEO role
Barbican Group has appointed Ken Curtis as chief executive of Barbican Managing Agency.
Allianz warns on lack of awareness of new employment tribunal changes
Both sides of the employment divide are unaware of the impact of the changes introduced by the new employment tribunal regulations, Allianz Legal Protection has warned.
Insurers to start using IFR in coming months says ABI
The first insurers to sign up to the Insurance Fraud Register will begin using it in the next few months, the Association of British Insurers said today.
Two new account managers for Axa Reading branch
Axa commercial lines and personal intermediary has appointed two new account managers to its Reading branch.
Yorkshire doctor in hearing over bogus whiplash claims
A Yorkshire doctor is appearing before a Medical Practitioners Tribunal Service disciplinary panel this week after assisting motorists in making bogus whiplash claims.
Lack of clarity leads Beazley to extend political violence policy
Beazley’s political risks team is extending its political violence policy to offer cover for physical damage during terrorist or insurgency actions caused by the police or security forces.
Kiln hires senior accident and health underwriter in Germany
Kiln has appointed Claudia Alaimo as senior accident and health underwriter for Europe.
PPI complaints falling but Ombudsman warns against complacency
The number of complaints being lodged over the mis-selling of payment protection insurance may have peaked, the Financial Ombudsman Service said this week.
Am Trust to buy Sagicor Europe
Am Trust Financial Services plans to acquire Sagicor Europe from Sagicor Financial Corporation in a deal worth approximately £57m.
JLT's H1 revenue rises 10% after strong organic growth
Broker JLT posted total revenues up 10% to £487.2m for the first six months of 2013, boosted by strong organic revenue growth of 7%.
Am Trust agrees £57m deal for Sagicor Europe
Am Trust Financial Services has agreed to acquire Sagicor Europe from Sagicor Financial Corporation for approximately £57m.
Tokio Marine targets South-East Asia for growth
Japan's second largest general insurer Tokio Marine is looking to expand its presence in South-East Asia.
Two trains collide in Switzerland
One person has died and at least 35 people have been injured, five of them seriously, in a collision between two trains in western Switzerland.
China's motor insurance regulatory reforms postponed
China will now introduce reforms to motor insurance pricing over three years instead of by this September.
Halo launches car hire insurance sites in Spain and Holland
Car hire insurance firm Halo has launched into Spain and Holland having already established an online presence in the UK and Germany.
Quinn liquidators look to sue PWC for 'negligent accounting'
Quinn Insurance liquidators are suing PWC Ireland for €1bn (£863m), having accused the professional services firm of negligent accounting.
AJ Gallagher wins Giles race
US-broker AJ Gallagher has entered into exclusive negotiations with Giles, according to reports, beating off competition from Aon and Towergate.
O’Roarke forecasts “barely acceptable” LV returns for 2013
LV’s managing director of general insurance John O’Roarke has said a combination of low investment return and falling premiums means the firm will struggle to hit targets for return on equity in 2013.
Former Co-op GI boss Neave named LV non-exec
David Neave has been approved as a non-executive director at LV, after leaving the Co-operative Insurance at the end of 2012.
Kelvin Curran to lead Temple board
Legal expenses insurer Temple Legal Protection has appointed Kelvin Curran to chair its board.
Benign cat year and subrogation help Hiscox’s profits soar
Hiscox UK’s chief executive Bronek Masojada has attributed the insurer’s record £34m profit before tax to an absence of natural catastrophes.
Tysers adds super yacht specialist to marine division
Lloyd’s broker Tysers has appointed super yacht specialist John Strange to join the firm’s marine division.
Loss adjusters allegedly hacked BT and British Gas for claimant information
An unredacted version of a report by the Serious Organised Crime Agency revealed British Telecom and British Gas were targeted by unlawful private investigators in a bid to obtain data to verify claims.