News
Asian Development Bank calls for government disaster risk financing initiatives
With only 5% of disaster losses insured in Asia, the Asian Development Bank wants Asian governments to offer risk financing instruments such as catastrophe bonds to help with disaster resilience.
Thai government reinsurance fund reassures companies
International and domestic companies that suffered damage during the devastating Thai flooding in 2011 have purchased 3,745 catastrophe insurance policies from the National Catastrophe Insurance Fund.
Investment fuels Chase Templeton’s growth plans
Private medical insurer specialist intermediaries Chase Templeton Group has secured investment from Palatine Private Equity.
Sterling launches software company
Sterling Insurance has launched Sterling Technologies, a software company aimed at financial services clients.
Ankara embassy attack indicates rising terrosim risk
An attack on the US Embassy in Ankara suggests that the capability of terrorist organisation the Revolutionary People's Liberation Party-Front or a PKK splinter group to attack state and diplomatic assets has increased, according to Exclusive Analysis.
IFED’s biggest investigation ends with guilty plea
The Insurance Fraud Enforcement Department’s biggest investigation, launched over a year ago, has concluded today with a fraudster pleading guilty to selling hundreds of non-existent car insurance policies to drivers across the UK.
ULR wins High Court legal expenses insurance appeal
Legal expenses insurance provider ULR Additions has won an appeal in a case brought against the company by London law firm Webster Dixon.
Aon annual revenue rises 2% to $11.5bn
Total revenue for 2012 increased 2% to $11.5bn (£7.3bn)due to a 4% increase in organic revenue, partially offset by a 2% unfavourable impact from foreign currency exchange rates.
Aon CEO Greg Case hails benefits of London redomicile as it unveils 2012 results
Aon's revenue in 2012 increased 2% to $11.5bn due to a 4% increase in organic revenue, the broker reported today.
Report reveals 35% rise in countries experiencing political violence
The has been a 35% rise in the number of countries experiencing escalating political violence, according to broker Marsh.
Insurers defeat fraudsters attempting to claim more than £117 000
Hill Dickinson Fraud Unit and The Co-operative Insurance have cracked down on a fraud ring that attempted to claim over £117 000.
CC receives wave of industry response to private motor insurance investigation
Opening responses to the Competition Commission’s investigation into the private motor sector have been received from a variety of interested parties.
Law Society backs access to justice overhaul
The Law Society has backed Government plans to introduce a regime for ‘class actions’ which it says will enhance access to justice for consumers who have suffered because of anti-competitive behaviour.
Churchill names Dawn French as successor to ousted Clunes
TV comedian Dawn French has been snapped up as the new face of Churchill Insurance, two months after the firm dropped Martin Clunes for incurring a driving ban.
Three Mapfre offices become branches
Mapfre Global Risks' representative offices in Germany, France and the United Kingdom are to become fully fledged branches.
HSBC's Ping An stake sale approved by regulator
China’s regulator has approved HSBC’s sale of its 15.6% stake in Ping An Insurance to Thai billionaire Dhanin Chearavanont for $7.4bn.
DWF completes Fishburns merger
Law firms DWF and Fishburns have merged, with the latter being fully incorporated into the former as of today.
Staffordshire broker secures future with sale to Jelf
Jelf has acquired Newcastle-under-Lyme-based Howell Shone Insurance Brokers.
Argo poaches Aon's marine claims director
Argo today unveiled Robert Dobson as its new marine claims manager.
Bennetts strengthens commercial team with dual hire
Bike insurance specialist Bennetts has moved to bolster its commercial team with the double appointment of Ben Blake as senior commercial development manager and Michael Fasulo reporting into him as commercial development manager.
Action Claims unveils new brand
Action Claims is rebranding as Action 365 as of today in a move that it hopes will reflect the portfolio of products and services it provides to its broker and insurer clients.
Lonmar hires Balchin to grow international marine account
Independent Lloyd’s broker Lonmar Global Risks has appointed marine cargo specialist Ian Balchin to help develop its international cargo account.
Argo looks to Aon for marine claims manager
Argo International has appointed Aon’s former marine claims director as its new marine claims manager with immediate effect.
DAS partners Simpson Millar to launch pre-paid legal plan
Legal expenses insurer DAS is to partner with law firm Simpson Millar to launching an insurance-backed pre-paid legal plan.