News
Aon Risk Solutions expands reach of Manchester boss Kielty
Aon Risk Solutions boss Jane Kielty has seen her remit extended to include heading up the Leeds and Sheffield operations of the firm's corporate business.
Riverbourne administrator expects sale soon
Cobra Network broker Riverbourne looks set to be sold as a going concern to get it out of administration, one of its joint administrators has told Post.
Carole Nash hands long-serving employee Baker marketing role
Motorcycle insurance specialist Carole Nash has promoted Nick Baker to the newly created position of director of products and marketing.
AM Best gets green light for Dubai branch
Ratings agency AM Best is to open an office in the Dubai International Financial Centre in Dubai, UAE, after receiving the necessary regulatory and legal approval.
European Council introduces rule to limit short selling in crisis situations
The European Council has adopted a regulation designed to restrict short selling and certain aspects of credit default swaps in situations where there is a threat to financial stability.
Indian shipping firms may look to China for insurance
Indian shipping companies may turn to China in their struggle to find replacement insurance coverage when EU sanctions on Iranian oil come into force.
Quarter of Indian consumers think life insurance is not important
Insurers in India face an uphill struggle to persuade consumers of the need for life insurance, a recent study indicates.
Emerging markets present growth opportunities for energy firms
Despite geo-political turmoil, many economies now present increased growth opportunities for global energy companies due to decreasing political risk and improvements in legal and regulatory environments, according to risk analysis company Maplecroft.
Motor claims expenditure boss joins Selsia
Former HSBC Insurance motor claims expenditure boss Ian Stewart has joined Selsia Vehicle Accident Centres as an insurance consultant, with particular focus on developing the firm's direct model within the sector.
Axa buys into HSBC's insurance arm
Axa is said to have bought at least a stake in the non-life insurance business of HSBC and is expected to disclose the transaction details this week.
Quindell integrates claims firms
Insurance outsourcing firm Quindell Portfolio has appointed Gillian Baker to a newly formed strategy and integration advisory board for all its claims businesses.
Medics to tell MPs their reports add value
The British Medical Association and medical reporting firm Premex Group will today tell MPs on the All Party Parliamentary Group on Insurance & Financial Services that medical reports help the personal injury claims process.
Ex-Oval boss's broking network builds momentum with Scottish signing
The Momentum broker network has completed the signing of its first Scottish firm to sit alongside current members in England, Wales and Northern Ireland.
Crawford & Company posts record annual revenue despite Q4 slump
Crawford & Company has today reported annual revenue before reimbursements of $1.125bn (£709m), while net income attributable to shareholders increased by 60% to $45.5m (£28.7m) over the course of 2011.
Ferma advisor made Dexia director
The Belgian government has appointed a former president of the Federation of European Risk Management Associations as an independent director to state owned bank and insurer Dexia.
Perils expects €267m losses from Windstorm Andrea
Independent Zurich-based firm Perils has disclosed its initial loss estimate for windstorm Andrea as €267m.
Insurance Insight – top 10 stories
The top 10 stories from www.insuranceinsight.eu over the past seven days.
Smith: Ageas saw "a step change"
Ageas boss Barry Smith has told Post that high street provincial brokers provided the biggest boost to business last year, with broker business growing by as much as 20%.
Credit hire: Groupama and MMA "close" to agreeing deal with Accident Exchange
Credit hire firm Accident Exchange is said to be "close" to reaching a compromise agreement with Groupama, Provident and MMA Insurance which used Autofocus to demonstrate that Accident Exchange's rates were too high.
Hiscox promotes Gott to HNW head
Specialist insurer Hiscox has appointed Justin Gott as head of art and private client for its UK and Ireland business.
CNA apppoints John Taylor as chief underwriting officer
CNA Insurance has appointed John Taylor to the newly created role of chief underwriting officer, with immediate effect.
Insurers in the Philippines reject tax waiver
Non-life insurers and reinsurers in the Philippines have rejected a government offer of a 10% reduction in annual aggregate tax, according to reports in the local press.
Mapfre Warranty to target car industry
Mapfre Warranty has appointed Richard Hage as head of sales to help spearhead its growth in the motor and insurance industries.
QBE merges divisions under Harries
QBE is merging its casualty international into its professional and financial lines business to form a new division led by financial lines boss David Harries.