News
Crawford names chief administrative officer for EMEA-AP
Crawford & Company has appointed Chris Pinney, pictured, as chief administrative officer for EMEA and Asia Pacific with effect from 1 November.
Allianz Global Assistance launches BMW and Mini repair offerings
German insurer Allianz Global Assistance is to launch products that provide BMW and Mini owners with cover for cosmetic repairs and wheel repairs.
Transactor wins solus software contract with Midas
Midas Underwriting has selected Transactor Global Solutions as its new software supplier.
Groupama to place 20 staff on redundancy consultation
Groupama Insurances has confirmed that up to 20 jobs in finance, IT, human resources and marketing are at risk as the firm seeks to reduce expenses and increase efficiencies.
Competition keeps prices low for Italian PI
Italian legislation making professional indemnity insurance compulsory presents opportunities for insurers, but competition is keeping prices low, according to Davide Balloco, head of PI for Markel in Italy.
Economy is biggest underwriting concern for Europe's credit insurers
The main underwriting issue for credit insurers in the European markets is the worsening of the economic situation in the Eurozone, according to Mapfre director of credit insurance Felipe Buhigas.
DAC Beachcroft opens office in Chile
International law firm DAC Beachcroft has collaborated with Chilean firms Seguros Lex and Amunategui y Cia to create DAC Beachcroft Chile from today.
Lloyds to set aside additional £1bn for PPI compensation
Lloyds Banking Group has earmarked a further £1bn to pay customers who were mis-sold payment protection insurance.
More pragmatic solution for Solvency II needed, says L&G chief
The head of UK insurer Legal & General has lambasted proposed Solvency II measures, saying they are unlikely to work in their current form and may need to be redrawn, Reuters reported.
Hiscox underwriters to differentiate between brick and stone buildings
Hiscox is updating its underwriting rules on buildings cover to reflect the difference in rebuilding cost between stone and brick properties.
Emerging markets expansion rewarded by equities analysts
Insurance equity analysts expect higher profitability from the best-performing insurers, despite difficult market conditions, and will reward those that expand into emerging markets, a global survey by Accenture found.
Ferrets help to boost BGL sales in France
BGL Group has rebranded its French price comparison business as Lesfurets.com, or 'The Ferrets'.
Earnings in 2012 to boost insurers' resilience to Sandy, says S&P
Strong results to date in 2012 are likely to cushion the impact of Sandy on insurers and reinsurers, according to ratings agency Standard and Poor's.
UIB hires new staff ahead of special risks unit launch
Independent international reinsurance broker UIB has launched a special risks division in response to customer demand.
Chartis appoints new head of commercial property
Hilary Flynn has been appointed head of commercial property at Chartis UK.
Chartis executive director nominated for achievement award
Jaqueline McNamee, executive director of commercial lines at Chartis, has made the 2012 Woman of Achievement Award shortlist after winning the insurance category.
Aviva to accept 24 apprentices in 2013
Aviva will take on 24 A-level school leavers as part of its 2013 apprentice programme.
Cyclone Nilam makes landfall near Chennai
Tropical cyclone Nilam, the second named cyclone of the 2012 North Indian Ocean cyclone season, made landfall in the Indian state of Tamil Nadu at about 4.30pm local time on Wednesday with maximum wind speeds of 80km-90km per hour, according to…
Xchanging expands Apac footprint
Business process outsourcing provider Xchanging is to open delivery centres in China and the Philippines.
UIB launches special risks business
Reinsurance broker UIB has launched a special risks division headed up by recent hires Charles O'Sullivan as managing director and Karen Shelley as operations director.
BGL relaunches French comparison site with ferrets
The BGL Group has revealed the new identity of its price comparison business in France as Lesfurets.com or 'The ferrets'.
Xchanging unveils Apac expansion plans
Technology services provider Xchanging is to open two new delivery centres in the Philippines and China.
AM Best removes Aviva subsidiaries from under review
AM Best has reaffirmed the 'A' financial strength rating and 'A+' issuer credit rating of the insurance subsidiaries of British insurer Aviva.
Premium Credit sold to private equity house
Private equity firm GTCR has acquired Premium Credit from Bank of America affiliate MBNA Europe in a deal worth £900m.