News
XL underwriting returns to profit
XL's property and casualty business has reported a rise in gross written premium in the first six months of the year to $4.08bn compared with $3.86bn in the same period in 2011.
LAS signs storm claims deal with Lloyds Bank
LAS Claims Management's specialist surveying division, Waylett & Co, has secured a deal validating storm-related roof claims for Lloyds Banking Group customers.
Typhoon Haikui to cause millions of pounds of insured losses
A typhoon that is sweeping its way through eastern China could cause up to £100m insured losses.
China suffers $8bn economic losses from July floods
Aon Benfield has estimated that the floods in China during July caused economic losses of $8.3bn.
Oman consults Malaysia over draft Takaful rules
UK law firm Clifford Chance has submitted draft proposals for legislation to cover Takaful in the Sultanate of Oman.
Motaquote boss Lombard quits as staff face possible redundancies
Motaquote boss Nigel Lombard, pictured, has stepped down as the broker prepares for a strategic review of the business.
Top five Asian news stories
The top five Asian stories from www.insuranceinsight.com over the past seven days.
Aon Benfield director appointed CEO of Willis' Chilean operation
Global broker Willis has appointed Alejandro Vaccaro as chief executive of the company's Chilean facultative reinsurance division.
Torus picks Northdoor IT solution for Lloyd's integration
Global speciality insurer Torus has selected Northdoor's NDEX insurance solution to assist with its London Market and Lloyd's operations.
Zurich and Weightmans tackle string of fraudulent personal injury claims
Global insurer Zurich and national law firm Weightmans have teamed up to crack down on the fraudulent claims public authorities have faced in recent months.
Equinox hires new senior credit analyst
Lloyd's cover holder Equinox Global has appointed Michelle Barnes, pictured, to the post of senior credit analyst.
More mid-management jobs to go at Aviva as streamlining gathers pace
Aviva has informed staff of the next phase of its reorganisation by announcing that a handful of mid-management positions are for the chop.
AJ Gallagher buys retail broker Blenheim Park
Arthur J Gallagher International has acquired specialist home insurance broker Blenheim Park.
L&G confirms pet and travel insurance offerings
Major household insurer Legal & General has confirmed it will launch pet, travel and mid-net worth insurance products before the end of the year.
Williams leaves claims under Blanc's new structure
One point of contact for brokers is the main selling point for Axa's decision to merge its commercial and personal intermediary operations, according to Amanda Blanc.
Low cat activity aids Munich Re recovery
Munich Re reported a group operating result of €2.3bn in the first half of the year, compared with a loss of €437m in the same period in 2011.
Crash for cash masterminds jailed following IFB investigation
Insurance Fraud Bureau director Phil Bird has heralded the "unprecedented" custodial sentences handed down to the masterminds behind one of the UK's biggest 'crash for cash' scams.
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.
Lockton opens Brighton office
Lockton has opened a new office in Brighton to service clients throughout the south east.
Kiln sells South African operation to One Financial Investment Holdings
Specialist insurance and reinsurance underwriting group Kiln has agreed to sell Kiln South Africa to One Financial Investment Holdings for an undisclosed sum.
Lemma downgraded over 'deteriorating Ukrainian economy'
Ukranina insurer Lemma's financial strength rating has dropped to 'B' (fair) from 'B+' (good), reflecting economic deterioration and political uncertainty in its core Ukrainian market.
Biba chairman Homer takes on mentoring role at Merryck & Co
British Insurance Brokers' Association chairman Andy Homer has joined the faculty of Merryck & Co, the global provider of mentoring to chief executives and senior business executives.
Marine market favourable for buyers despite losses
Conditions in the marine insurance market remain generally favourable to buyers, despite a series of natural catastrophes and other significant losses since the beginning of 2011, according to a report from Marsh.
Business as usual at Lark following MBO, declares chairman
Graham Lark has promised clients and staff at his now-independent broker that it will be "business as usual" following the MBO from Groupama that has taken two months to finalise.