News
SRA awards 74 ABS licences in a year
The Solicitors Regulation Authority expects further applications for alternative business structures in 2013, as existing ABSs continue to develop the range and type of business services offered.
Beazley welcomes Japanese warranty and indemnity agreement
Beazley has welcomed an agreement reached by Lloyd's Japan and the Japanese Financial Services Agency enabling Lloyd's-based insurers to insure warranty and indemnity risks in Japan.
Technology firm 2e Systems acquires Flightsurance
Flightsurance, a travel insurance start-up underwritten by QBE, has been acquired by 2e Systems, an online and technology provider.
Plumeri rounds on contingent commissions
Outgoing Willis chief executive Joe Plumeri has criticised a resurgence in the payment of contingent commissions to brokers by insurer partners.
Xchanging hails successful launch of settlement platform
Business processing outsourcer Xchanging has gone live with phase one of Netsett, a global net settlement platform launched in September 2012.
Heightened terrorism risk in Turkey following activist killing
The recent killing of a leading PKK activist indicates increasing terrorism risks to state and security assets in Turkey, including in Istanbul, according to a new report by Exclusive Analysis.
Aegis London boosts claims division with double hire
Aegis London has made two new appointments in its claims division in a bid to respond to the "changing profile" of claims that the firm encounters.
Markel appoints new head of international claims
Markel International has appointed Hannah Purves as claims director.
Sandy loss "comfortably" within budget, says Hannover Re
Losses arising from Superstorm Sandy are within Hannover Re's major loss budget for 2012 after the firm estimated a €261m net burden of loss from last October's storm.
Ex-Chubb manager Wozniak joins Bluefin
Jon Wozniak has joined Bluefin Solutions as business development director.
Scope Technologies joins Amaguiz to launch telematics service
Technology provider Scope Technologies has joined forces with Groupama subsidiary Amaguiz to provide pay-as-you drive insurance for French consumers.
Premium Credit appoints new markets head
Premium Credit has recruited Capita's general insurance finance director as head of new markets.
Aon Benfield warns insurers to consider severe space weather events
Aon Benfield has advised the insurance industry to consider the potential ramifications of a severe space weather event, as solar and geomagnetic activity is predicted to peak in the next 12 months.
Markel recruits from Beazley for claims head
Specialist insurer Markel has named Beazley’s Hannah Purves as its new claims director.
Ex-Aon MD Martin to lead Willis UK
David Martin, former managing director of Aon's UK corporate business, has been appointed chairman and chief executive of Willis' UK retail business.
Solar storms could generate trillions in economic losses, warns Aon Benfield
Solar and geomagnetic activity will reach a peak in 2013, according to reinsurance broker Aon Benfield, putting power distribution, telecommunications and satellite navigation at risk.
AIG files Maiden Lane lawsuit
Insurer AIG has launched a lawsuit against the Maiden Lane vehicle set up by the Federal Reserve Bank of New York to bail out the firm in 2008.
Indian general insurers look overseas
New India Assurance, United India Insurance, Oriental Insurance and National Insurance want overseas growth.
Aviva and CIMB sell joint venture in Malaysia
A bid for Aviva's five year-old joint venture with Malaysian bank CIMB has been accepted.
China Taiping Insurance Holdings considers life insurance purchase
China Taiping Insurance Holdings is considering buying another 25% stake in Taiping Life Insurance from its parent company China Taiping Insurance Group.
Aviva inks Tesco Bank motor cover agreement
Aviva has signed a three-year deal to become Tesco Bank's fifth private motor insurance provider.
EU’s Google investigation seeks to “restore the level playing field”
European Commission vice-president Joaquín Almunia remains concerned that Google is directing traffic to the detriment of consumers, despite a recent US ruling to the contrary.
PIA appoints ex-Brit boss Grant eight months after Dual exit
Professional Insurance Agents has confirmed the appointment of Tim Grant as interim chief operating officer.
Aston Scott acquires RSA subsidiary Fyfe
Independent broker Aston Scott has moved to acquire the brand and business of RSA subsidiary Fyfe Group.