News
Ace appoints new UK and Ireland boss
Ace has named Duncan Green as head of UK and Ireland for the insurer’s accident and health business.
Axa promises more hubs as Bristol and Newcastle open
Axa Commercial has opened new offices in Bristol and Newcastle and pledged to open more branches in the future.
In conversation with Thunderhead: Customer engagement and the need to shift from an ‘inside-out’ to ‘outside-in’ culture
There is a lot of talk about enterprises changing their cultures from ‘inside-out’ to ‘outside-in’, but what does this mean, how does this impact the customer and who is best positioned to oversee it?
IAS to handle riot claims for West Midlands police
IAS Chartered Loss Adjusters has been appointed by the West Midlands Police Authority to handle large and complex claims arising from the summer riots in England.
Market runs risk of undermining low cost legal expenses
Arc Legal Assistance has cautioned some in the legal expenses market on making premature comments regarding the impact of the High Court ruling in the Webster Dixon v Equity Syndicate case on the UK’s “thriving” low cost before the event legal expenses…
Aviation poll result
Will aviation rates pick up soon?
Allianz hails “significant victory” despite lost appeal
Allianz has hailed the Court of Appeal’s judgment in the credit hire case of footballer Darren Bent as a “significant victory” for the general insurance industry.
LV appoints senior underwriter in Maidstone
LV has appointed Anne Francis as senior underwriter for its Maidstone branch which looks after brokers across the South East and East Anglia.
Grace and Miller join Chubb Ireland
Chubb Insurance has made two appointments to its commercial insurance team in Ireland.
Healthcare anti-fraud network launches in Atlanta
UK health insurers have joined with government agencies from across the world at the first meeting of the new Global Healthcare anti-fraud network in Atlanta earlier this month.
Chubb appoints two to Ireland team
Chubb Insurance has expanded its commercial insurance team in Ireland with two hires.
Allianz Italy executive steps down to head Intesa Sanpaolo
Italian bank, Intesa Sanpaolo, has appointed Enrico Cucchiani as its new chief executive officer.
Brightside targets £17m technology acquisitions
Brightside is clearing the way for a £17m deal to acquire E-Systems and e-development, according at the group.
Taiwan's insurers urged to stop lending securities for shorts
Taiwan’s regulators have urged insurers to stop lending securities to short sellers seeking to bolster equities after the Taiex Index slumped.
Groupama aims to improve solvency ratio with asset sale
Speculation is mounting that regulatory pressure in France has led Groupama to attempt to raise close to €1bn through the sale of its GAN Assurances unit.
Axa, MMA and Allianz linked with Groupama swoop
Axa, MMA's parent Covea and Allianz have been tipped to buy Groupama arm GAN, according to reports.
Risk Stop promotes Fraser Wilsher
Independent risk control provider Risk Stop Group has appointed Fraser Wilsher as its product manager from 1st December 2011.
Young Marmalade opposes ABI on age
Young driver insurer Young Marmalade has rejected the Association of British Insurers' call for a minimum training period of one year before a provisional driver can take a driving test. It said this “would be too much of a ‘one size fits all’ solution”.
UNIQA Austria expects full year losses of €300m
UNIQA Group Austria has revealed losses of €181m for the first nine months of 2011 due to significant significant one-off effects of write-downs of Greek government bonds and investments in the restructuring of the group.
Hiscox has 'A' issuer credit rating affirmed
Hiscox has had its ‘A’ (excellent) issuer credit rating and ‘A’ (excellent) financial strength rating affirmed, along with its core subsidiaries.
Bankrupt Sean Quinn ordered to repay £358m
Quinn Group founder Sean Quinn has been ordered to pay the former Anglo Irish Bank €417m (£358m) by the High Court in Dublin.
Thai flood supply chain losses could reach $20bn
The majority of insurance losses from the Thai floods will come from manufacturing and supply chains and could reach $20bn according to AM best.
Towergate reveals £35.4m losses
Towergate has announced Q3 pre-tax losses worsened to £14.0m from £7.7m at this time last year, with year-to-date loses hitting £35.4m from £14.1m for this time in 2010.
Bahrain Kuwait Insurance assigned 'A-' ratings
Bahrain Kuwait Insurance Company has had a financial strength rating of A- (Excellent) and issuer credit rating of “A-” assigned by AM Best.