News
DAC Beachcroft cuts 62 roles in UK as Manchester office closes
DAC Beachcroft has cut 62 jobs in the UK, including fee-earners and support roles as the result of a redundancy consultation which began in May.
Less than 6% have earthquake cover in Napa County
One of the reasons the insured damage of the 24 August earthquake was relatively small was because of lack of cover.
Winners unveiled for the Hong Kong Insurance Awards
The winners of the first Hong Kong Insurance Awards have been announced.
China upgrades premium growth projections
The China Insurance Regulatory Commission is predicting 17% premium revenue growth each year until 2020.
Chancery PII plans ‘steady and stable growth' in solicitors' PI
Chancery PII has gained valuable experience from its first year in the solicitors' professional indemnity market and wants to make rated capacity available to a wider range of firms, according to director Tim Norman.
Reserve releases aid insurers in posting first profit since 2006
The UK property and casualty sector is set to post a profit for the first time since 2006, with the average combined operating ratio expected to be around 96.5% for 2013, according to Moody’s.
Moorhouse Group working with FCA over sales processes
Moorhouse Group is making changes to its compliance processes following a Financial Conduct Authority investigation into its sales practices.
Acturis buys German software provider NAFI
Acturis Group has acquired German motor insurance software provider NAFI creating an international group with £40m annual revenues.
ABI warns BoE capital raising will drive up insurance costs
The Association of British Insurers has criticised the Bank of England over its plans to raise capital levels in financial institutions saying it will drive up the cost of insurance.
Paymentshield hires former Co-op commercial director
Towergate has appointed Lee Mooney to the new role of product, marketing and proposition director for Paymentshield.
RUP appoints Axa's Mansell as commercial motor underwriter
RUP Commercial Risks has appointed Axa senior motor fleet underwriter Spencer Mansell as commercial motor underwriter.
Fourth Dimension looks to LV for claims role
LV third party claims head Elaine Clark has joined Fourth Dimension Innovation as claims director.
Axa bidding for Polish insurance unit, claim reports
Axa has offered between 500m PLN (£94m) and 600m PLN (£113m) for the insurance arm of MBank in Poland, according to reports.
RFIB promotes Brasier to Bermuda MD as Clark resigns
RFIB Group has promoted executive vice president Jeremy Brasier to head up its Bermudian operations.
Colahan to leave RSA for Berkshire Hathaway in Australia
Post understands Chris Colahan, CEO RSA Asia, is leaving the company to oversee a new operation for Berkshire Hathaway in Australia.
Indian select committee meets as South African firm readies investment
The long awaited insurance reforms in India have potentially moved a step closer with the first meeting of a new select committee.
Arsonist jailed following fraudulent £2m Allianz claim
Business owner Justin Hindry has been jailed for six years after he burnt down his showroom in a bid to fraudulently claim more than £2m from Allianz Insurance.
Octo MD hails Insure the Box partnership extension
Octo Telematics hopes to capitalise on the broadening pool of telematics users, following the extension of its partnership with Insure the Box, according to managing director Martin Williams.
AIG axes Cunningham Lindsey over Tutoki appointment
AIG has moved to drop Cunningham Lindsey as a loss adjuster worldwide, Post understands, following the appointment of Jane Tutoki as the claims firm’s chief executive.
Godwin promoted to COO as AIG reshapes UK executive committee
AIG has confirmed the appointment of UK and Ireland senior claims officer for property and casualty Geoff Godwin to the role of UK chief operating officer.
DWF 'to double' London headcount following Walkie Talkie move
Insurance law firm DWF has moved into the “Walkie Talkie” building at 20 Fenchurch Street amid plans to broaden its City capability.
Co-op Insurance plummets to ‘disappointing’ £7m loss
The Co-operative Insurance has swung to a £7m loss for the first half of 2014, performance described as “disappointing” by chief executive Mark Summerfield.
Google research shows 47% of motor sites failing on smartphones
47% of UK motor insurance websites are failing to offer a positive experience for consumers using smartphones, according to a white paper published by Google.
Lloyd’s chair lends support to ‘better together’ campaign
Lloyd’s chairman John Nelson has urged Scots to vote against independence in a referendum to be held on 18 September.