News
Axa launches telematics product for Irish drivers
Axa Ireland has launched a telematics product for young drivers in conjunction with MyDrive Solutions.
Swiftcover posts £13m loss but GWP rises
Swiftcover Insurance Services found itself in the red in 2011 after posting a loss on ordinary activities before interest and taxation of £13.4m for the year ended 31 December 2011 compared with a profit of £932 000 in 2010.
IUMI: Marine insurance market at "bottom of the pricing barrel"
Marine insurance brokers have been urged to warn clients that increases in rates and deductibles are on the way as part of the industry's push to escape the soft market cycle.
IUMI: Insurance industry acted responsibly during economic meltdown
The economic crisis will create opportunities for the global insurance and reinsurance market if it can deliver "true resilience", delegates at the International Union of Marine Insurance annual conference have heard.
Quindell seals South Africa deal with Quintica
Quindell has acquired South Africa-based telecommunications outsourcing service provider Quintica and its international arm Quintica International.
William Russell launches UAE web portal
Expat insurance provider William Russell has launched a new website for clients in the United Arab Emirates.
Julian Millar joins Claimspro
Former QBE and Royal Bank of Scotland Insurance claims boss Julian Millar has joined loss adjusting business Claimspro International as managing director.
CFC launches management liability product
Specialist lines underwriting agency CFC has launched a product to address increasing exposure to cyber and privacy management liabilities, including cybercrime.
UK's first consumer social media cover launched
A London-based information privacy company has collaborated with Legal Insurance Management to launch protection against reputation damage, account jacking and ID theft
Politics is a major risk for renewables sector, says Willis
Resource nationalism is threatening projects in the renewables sector, according to Willis' head of political and export risk Andrew Van den Born.
Ace appoints energy and engineering manager for Asia Pacific
Ace Insurance has announced the appointment of Michael Frazer as energy and engineering manager for Asia Pacific.
RSA pulls out of mid-market motor trade citing 'tough' market conditions
RSA has confirmed plans to exit the UK mid-market motor trade business by scrapping its Excelerator brand and selling off retail and wholesale intermediary business Fyfe Group.
Chaucer appoints Argo underwriter to property team
Alex Campbell, pictured, has been appointed international facultative class underwriter for the property division of Chaucer Syndicate 1084.
Aro Underwriting unveils risk facility product
Aro Underwriting has launched a complex risk facility following its approval as a Lloyd's coverholder.
Zurich proposes Mächler to join board
Zurich's directors will propose the election of Monica Mächler to the board at the firm's annual general meeting on 4 April 2013.
Vienna Group acquires QBE Makedonija
Vienna Insurance Group AG Wiener Versicherung Gruppe has signed an agreement to take a majority stake in Macedonian insurer QBE Makedonija.
LV recruits former RBS head for IT role
LV has appointed Simon Aldred, pictured, as director of management information for its general insurance business.
Outlook for Italian insurance sector remains negative despite improved profitability
The Italian insurance sector's rating outlook remains negative, according to ratings agency Fitch.
Claimspro appoints new MD to drive European business
Loss adjuster Claimspro International has appointed Julian Millar as managing director.
Morningstar to offer Fitch data with web tools
Morningstar, the independent investment research provider, is now offering Fitch Credit Ratings data in its bespoke suite of website tools and data feeds that help institutional clients conduct credit risk analysis and meet regulatory reporting standards.
DLG bosses to collect millions after IPO
Direct Line Group bosses are set to pocket millions of pounds in shares when the insurance asset floats on the London Stock Exchange.
QBE sells Macedonia shareholding to Vienna Insurance
QBE has reached agreement with Vienna Insurance to sell its 65% shareholding in QBE Macedonia for an undisclosed sum.
Overcapacity constraining cargo market
Soft market rates caused by overcapacity continue to act as a constraint on the global cargo insurance market, despite some significant losses.
Hastings to create 200 jobs
Hastings has unveiled plans to create 200 new posts in the next 12 months.