News
Aquila Underwriting completes Leadenhall Street relocation
Aquila Underwriting has relocated to new offices at the heart of the London insurance market on Leadenhall Street.
Q2 cat losses "manageable" for insurers
Second-quarter catastrophe losses, including flooding in Germany and the rest of Europe, appear manageable for most European and US insurers, according to SNL Financial.
Equity Red Star’s strategy prompts reorganisation
Lloyd’s motor insurer Equity Red Star is to reorganise its motor division and senior management team as part of a new strategy.
Mapfre Assistance offers travel assistance product to MOL oil companies
Mapfre Assistance has won a tender to provide travel assistance to the clients of the MOL oil company in Hungary and bordering countries.
Typhoon Soulik causes havoc in China
Almost 300 people are missing after heavy rains and wind in mainland China.
Swiss Re confirms it is in merger talks for Admin Re
Swiss Re has confirmed it is in talks over the potential merger of its remaining Admin Re closed life business with Phoenix Group - less than a year after selling the US side of the operation.
Greenberg launches Spitzer defamation suit
Maurice “Hank” Greenberg has filed suit against former New York state governor and attorney general Eliot Spitzer, accusing the politician of a campaign of defamatory statements.
Failed Lemma could cost UK compensation scheme £25m
The UK's Financial Services Compensation Scheme is expecting to pay-out around £25m in claims related to failed Gibraltar-based insurer Lemma.
Former Hill director Quinn receives three-year ban
Former director of Hill Insurance Company, Elisabeth Quinn, has been banned from holding executive director positions with any firm licensed by Gibraltar’s Financial Services Commission for three years.
Skuld strengthens claims service with Hovelsrud appointment
Marine insurer Skuld has appointed Anders Hovelsrud as vice-president.
S&P downgrades Italian insurer Generali
European insurer Generali has been downgraded from A to A- by Standard and Poor's.
Hill director receives three-year ban
Former director of Hill Insurance Company, Elisabeth Quinn, has been banned from holding executive director positions with any firm licensed by Gibraltar’s Financial Services Commission for three years.
DLG seeks SRA approval ahead of law firm launch
Direct Line Group is pushing ahead with plans to set up a law firm, and has submitted an application to the Solicitors Regulation Authority for approval and licensing.
Generali downgraded to A- by S&P due to Italian exposure
Generali has had its rating downgraded from A to A-.
Lemma claims could cost FSCS £25m
The UK Financial Services Compensation Scheme expects to pay-out around £25m in claims related to failed Gibraltar-based insurer Lemma.
The County Group eyes £50m in premiums after JSW deal
The County Group has acquired commercial broker JSW Insurance Services, amid plans to control £50m of written premiums inside the next four years.
Chinese insurers urged to become more customer-centric
Tony Compton, head of insurance consulting, mainland China at KPMG has urged Chinese insurers to center their respective business operations around the customer.
Argo International hires Brit's Jackson as head of compliance
Lloyd’s insurer Argo International has appointed Mike Jackson as head of compliance.
Which report calls for transparency on aggregators
An investigation by consumer group Which found like-for-like car insurance quotes vary “widely” between the different comparison sites.
Skuld strenghtens claims service
Marine insurance provider Skuld has appointed Anders Hovelsrud as vice president of claims services.
Helvetia renews Vontobel tie-up
Swiss insurer Helvetia Insurance and Swiss bank Vontobel have extended their partnership at least until the end of 2018.
Quindell strikes deal with Renault UK
Quindell has signed a contract to provide Renault UK with accident management services across Great Britain.
PPI CMCs come under scrutiny
The Ministry of Justice is holding a summit today to discuss the “predatory” conduct of claims management companies offering payment protection insurance claims management.
IRDA to let banks become insurance brokers
The Insurance Regulatory and Development Authority in India may allow banks to become as insurance brokers, the Times of India reported.