News
AIG adds logo to Singapore skyline
Global insurer AIG has installed a new signboard on top of its Asia Pacific headquarters at 78 Shenton Way.
Poor change management can cost insurers millions
Insurance players are wasting millions of pounds each year through a lack of capability and investment in change management, according to BGL’s affinity arm Junction.
Increasing threat posed by solar flares
Power and utility underwriters may be unaware of the extent of the threat of major solar flares to the world's electrical generation infrastructure, space weather specialists told the London Power Forum last week.
Apil urged to 'put words into action' on whiplash fraud elimination plan
The Association of Personal Injury Lawyers' often frosty relationship with the insurance industry has shown signs of thawing after its proposal for eliminating fraudulent whiplash claims was met with tentative approval.
Plumeri puts Sandy industry losses at $50bn
Outgoing Willis chairman and chief executive Joe Plumeri believes that insured losses arising from superstorm Sandy could be up to 10 times higher than the early industry estimates of $5bn (£3.15bn).
PZU plans to pay 100% of profits as dividend
State-owned Polish insurer PZU SA intends to pay 100% of its unconsolidated net profit in dividends if the country's regulator approves, chief executive Andrzej Klesyk said at a press conference Wednesday, according to news agency Dow Jones.
Chaucer launches political risk initiative in New York
Lloyd's insurer Chaucer has developed a new political risk and trade credit initiative in New York.
Germany sees premium growth but motor still loss making
German insurers are expected to reap a 1.5% rise in premiums to €180.7bn this year, the head of the industry trade body GDV said on Wednesday.
Towergate branch director joins Giles
Giles has recruited David Cook, pictured, to be Durham branch director.
Sandy is a muted point for pricing, Willis finds
Superstorm Sandy is unlikely to have an impact on pricing, according to estimates by Willis Capital Markets & Advisory.
Solar flares threaten to leave underwriters in the dark
Power and utility underwriters might not be aware of the threat of solar flares to the world's electrical generation infrastructure, warned lawyers and space weather experts.
Gender directive to price 25% of women off the road
Female drivers could be forced off the road when the new European gender ruling comes into force 21 December 2012.
Crawford hires Hong Kong construction adjuster
Loss adjuster Crawford & Co has appointed Peter Spencer as regional construction executive adjuster.
Analysts point to Go Compare MBO as Esure prepares for IPO
Commentators believe it is "no coincidence" that Go Compare is to strategically review the business as its major shareholder Esure gears up for a float, some suggesting that the aggregator might stage a management buyout.
Markel places collectables cover on broker e-trading system
Specialist insurer Markel UK has launched the first personal lines product on its broker e-trading system.
Giles names new corporate risks development director
Giles has appointed Simon McGonigle as development director of corporate risks.
Citizens Advice calls for clampdown on CMCs
The Citizens Advice Bureau has called for a ban on cold-calling by claims management firms after a survey revealed that nine out of 10 people were plagued by them in a 12-month period.
Generali offloads assets to raise cash for emerging markets
Generali is to sell non-strategic assets next year in a bid to generate cash to invest in emerging markets in Asia, Eastern Europe and Latin America.
Woodgate & Clark named adjuster of the year
Woodgate & Clark was the big winner at the inaugural Post Magazine Loss Adjusting Awards, scooping the gongs for Best Overall Service in Major Loss and Adjuster of the Year 2012.
Allianz to increase property and energy investment
Allianz is to double its investment in alternative assets, including property loans and renewable energy, to produce better yields from its investment portfolio.
Quindell pockets £20m thanks to 'major institutional investor'
Quindell Portfolio has secured £20m of funding through the issuing of 153 846 153 placing shares with a major new institutional investor.
AM Best offers positive outlook on Markel International
Rating services firm AM Best Europe has affirmed the financial strength rating of 'A' and issuer credit ratings of "A+" of Markel International and Lloyd's Syndicate 3000.
Generali to sell assets to grow insurance business
Italian insurer Generali is to sell non-strategic assets next year to generate cash to invest in emerging markets.
Willis takes D&O cover down under
Willis has rolled out its Darcstar directors all risks cover across the Asia-Pacific region to Hong Kong, Singapore and Australia.