News
Cooter departs QBE after helping with Brit integration
QBE has confirmed the departure of Simon Cooter, former Brit director of market management and regional operations, having assisted in the business integration following the April takeover.
Lloyds GI profits fall 30% owing to PPI, pet and weather claims
Lloyds Bank's underlying general insurance profit decreased by 30 per cent to £158m (H1 2011: £226m) in the first half of 2012.
Council claims insurance fraud victory
Havering Council has avoided a fraudulent insurance claim that could have cost it £100 000 after the claimant pleaded guilty to contempt of court.
One Group confirms job losses
Travel claims and assistance specialist The One Group has confirmed redundancies following the loss of a contract with a key client.
Mapfre result down 20% owing to Eurozone impairments
Mapfre's attributable result fell 20.1% to €434.2m in the first half of 2012 after provisions and impairments resulting from the Eurozone crisis.
Eiopa guideline poll
Are insurers prepared for updated guidelines to Solvency II?
Insurers failing to tailor cyber products to European risks
Insurers are failing to provide cyber products tailored to the risks faced by European clients, according to CFC Underwriting's Graeme Newman.
BGL snaps up Dutch aggregator
BGL Group has acquired Dutch aggregator Verzekeringssite, further boosting its European footprint.
BGL Group buys Dutch aggregator site
UK personal lines broker BGL Group has acquired a Dutch insurance price comparison company, following the acquisition of French aggregator Courtanet in November 2010.
Q2 ILS issuance exceeded $2bn, Aon Benfield study shows
Catastrophe bond issuance for the second quarter of 2012 reached $2.1bn as investors continued to deploy capital into the sector, a report by Aon Benfield Securities revealed.
SMEs fear 'detrimental impact' of Eurozone crisis
More than one in 10 British SMEs have considered closing down in the past three months as a possible result of the economic situation, according to a new SME Risk Index from global insurer Zurich.
Groupama to sell Polish arm to Generali JV
Groupama has agreed to sell its Polish operation Proama to Generali PPF Holding, a joint venture between Italy-based Generali and central European investment group PPF.
Argo Re recruits underwriter for Dubai team
Argo Group International Holdings has appointed Jason Dsouza as a casualty and professional lines underwriter for Argo Re in Dubai.
DAC Beachcroft appointment swells Dublin team to 30
The Dublin office of international law firm DAC Beachcroft has appointed a partner with expertise in professional negligence claims and commercial litigation to expand its reach into the Ireland and London insurance markets.
GAB Robins graduates experience weather claims surge response
GAB Robins' graduate recruits will start work more than a month ahead of the original September start date to experience handling the recent surge in weather-related claims.
Ince & Co opens office in Beijing
Ince & Co expands Greater China capability with new office in Beijing.
Escott quits Capita
Capita's general insurance managing director, Brent Escott, pictured, has left the business by "mutual agreement" after seven months in the job.
Indie FSCS bill hits £404m in advance of scheme of arrangement
The Financial Services Authority has revealed that, since Independent Insurance went into liquidation in 2001, £500m of assets have been realised for the benefit of creditors.
Endsleigh teams up with Open GI
Endsleigh Business Insurance Services has begun using technology firm Open GI's new software platform which produces policy quotes in minutes.
Market moves: Hiscox reshuffles management team in busy week for insurers
Axa, Mitsui Sumitomo and Zurich were the busiest recruiters last week, but Hiscox has been the most active in the past seven days after reshuffling its management team.
Towergate on course to double 2011 acquisitions total, says M&A boss Saulter
The acquisition of two more insurance brokers has seen Towergate match the total number of deals it closed in 2011 in the first seven months of this year.
Career development: Catlin sponsors school science scheme
Catlin is sponsoring a new scheme encouraging students to take an interest in science.
Telematics Expo: Telematics set for mainstream, claims SSP boss
Telematics has a "mainstream" future despite its niche beginnings, according to SSP's managing director of insurance.
Telematics Expo: Feedback not a quick fix for improving driving standards
Incorporating a telematics box into a driver's car does not necessarily make a policyholder a safer or better driver, despite claims to the contrary.