News
Digital Insurance Strategies: Digital strategies are a must, not an option
Insurer boards should consider “what they are going to do” in terms of developing their digital strategies, rather than “whether they should do it”.
Digital Insurance Strategies: Bennetts reaps the benefits after setting up its own social media site
Insurance firms must embrace social media sites such as Facebook and Twitter as a means of “getting in front of” and engaging with customers – but they are no match for setting up a social media site of one’s own.
Market Moves: Ex-pro footballer among notable new recruits in busy week across industry
The past week produced an even recruitment spread across the industry, with the usual flurry of hires within the broking sector headed by two regional appointments at Bluefin. These were complemented by additions at firms representing the loss adjusting,…
Groupama SA upgraded by Fitch
Fitch Ratings has upgraded Groupama SA and its core subsidiaries' insurer financial strength ratings to 'BBB-' from 'BB+'.
Lloyd's coverholder steps into Netherlands flood void
Lloyd’s coverholder Neerlandse has begun offering flood insurance to homeowners in the Netherlands.
Cooper Gay poaches JLT professional risks specialist
Independent broker Cooper Gay has appointed Graham Dick as a director of its professional risks division.
Dual International deputy CEO takes UK helm in leadership reshuffle
Hyperion’s underwriting arm Dual has moved to restructure its leadership, creating a new role of UK chief executive for international deputy CEO Shane Doyle.
Cooper Gay targeting UK, Europe and offshore financial institutions with JLT hire
Insurance and reinsurance broker Cooper Gay has swooped to recruit JLT's Graham Dick.
Allianz revives retail apprenticeship scheme for third year
Allianz has re-opened its school leaver programme for the third consecutive year.
Lloyd's sports syndicate recruits Munich Re underwriter
Sports and leisure insurer Sportscover has recruited Munich Re’s David Boyle to serve as its new class underwriter for contingency at Lloyd’s syndicate 3334.
Admiral patient on international profits
Admiral Group management has said it could be up to 10 years before its newest international insurance businesses declare a profit.
JLT could sell geopolitical cover in ME and Africa
JLT chief executive Dominic Burke said the broker plans further geographical expansion, after its 2012 profits were boosted by strong performance in emerging markets.
JLT posts 7% revenue increase in 2012
British broker JLT posted revenues of £880.1m (€1,018.7m) for the full year 2012.
L&G to re-enter motor insurance market
Legal & General is considering re-entering the UK motor insurance market in 2013 following moves to diversify its portfolio beyond its core household lines.
Kennedys hires Clyde & Co energy and construction partner
Kennedys has grown its international energy team with the hire of Graeme Baird from Clyde & Co.
IUMI calls for greater access to inspection data
The International Union of Marine Insurance has written to the Paris Memorandum of Understanding on Port State Control to call for an increase in the level of inspection data available to underwriters.
GAB Robins given bronze Investors in People accreditation
Loss adjuster GAB Robins has been given an award for its commitment to employee development.
Admiral sees net profits up but COR continues slide
Admiral Group has reported pre-tax profits of £345m for the year ending 31 December, an increase of 15%, but the group’s combined ratio again deteriorated, reaching 96.6%.
Thomson to seek compensation for delayed B787
TIU-owned Thomson Airways will seek compensation following the delay in the delivery of its Boeing 787 Dreamliner, Post has learnt.
L&G general insurance profit falls to £30m
Legal & General's operating profit increased to £1.09bn (2011: £1.05bn) while operating profit from divisions - excluding capital and financing and investment projects - rose to £1.12bn (2011: £1.06bn).
Thousands evacuate homes in Jakarta
As the rainy season nears its end, there is more flood misery for residents of Jakarta this week.
AIA secures bond investment
AIA's first debt offering to refinance an unsecured credit facility following the acquisition of ING Malaysia is well received by the market.
New India launches online service
The internet service from New India Assurance will allow personal policyholders to track claims, link policies and make renewals, in addition to allowing new customers to take out insurance.
Miller raids rivals to grow French reinsurance team
Miller has hired three senior reinsurance brokers in a bid to increase its foothold in the French market.