News
JLT Towers Re Bermuda launches following acquisition
JLT Towers Re has launched a combined operation in Bermuda following JLT Re’s acquisition of Towers Watson Re’s global operations.
Nixon pockets £129.5m from Moneysupermarket share sale
Moneysupermarket co-founder Simon Nixon is cashing in another £129.5m of shares, representing a 12.9% stake in the business.
Advent appoints Cooke as cargo underwriter
Lloyd’s insurer Advent has appointed Gary Cooke as a cargo underwriter in its marine division.
Malaysia Airlines loss at least $500m says Credit Suisse
A Credit Suisse report has estimated the total insurance loss of Malaysia Airlines flight MH370 at between $500m (£301m) and $600m.
Aviva publishes customer reviews online
Aviva is publishing customer car and home claims service reviews on its website, giving buyers the opportunity to see how others rate the insurer before buying its products.
Macau and China combined motor policies unlikely
The chairman of the Monetary Authority of Macau Anselmo Teng Lin Seng has said single motor policies for cars with dual Macau and Guangdong registration plates are unlikely to gain approval.
QBE rebrands and expands in Philippines
QBE's Philippines majority owned business QBE Seaboard has received its operation license from the Insurance Commissioner’s Office and is expanding its number of branches.
Ace Life appoints Asia-Pacific regional partnership officer
Ace Life, the global life insurance division of Ace Group, has appointed Graeme Pearson as regional chief partnership officer in Asia-Pacific.
Aon pair jump ship to join Miller marine team
Miller has appointed Heather Clarkson and Rick Kerr in a bid to bolster its marine hull business production, broking and account handling capabilities.
Covéa looks to Zurich for personal lines hires
Covéa has appointed two Zurich employees as key account managers in its personal lines distribution team.
Insurers urged to engage customers or risk losing them to rivals
Customers are acutely sensitive to negative experiences with insurers and many would write off a provider after a single bad experience, according new research by Thunderhead.
Allianz promotes White to engineering role
Allianz Engineering has appointed Claire White to engineering underwriting account manager.
Cunningham Lindsey launches fleet repair network
Cunningham Lindsey has launched a motor repair network for the fleet market which includes access to 80 repair centres across the UK.
Ex-Which? Money editor launches Fairer Finance campaign group
The former money editor of Which? has unveiled a new consumer campaign group targeting banks and insurers.
Eric-insured flood victim denied payout
A Wiltshire flood victim has been denied an insurance payout because the policy was underwritten by unlicensed Icelandic insurer European Risk Insurance Company.
Broker Network extends Zurich partnership
Broker Network has renewed its partnership deal with Zurich – a relationship that has lasted more than 15 years.
Equity Syndicate reports 12.6% capacity loss for 2011
Equity Syndicate 218 has closed its 2011 account year with a 12.6% loss of capacity.
Allianz agrees asset deal with Italian insurer Unipol Sai
Allianz is to buy part of Italian insurer Unipol Sai Assicurazioni’s property and casualty business in a deal worth up to €440m (£367m).
Utley buys ‘Beckingham Palace’ for £11.5m
Hastings Direct chairman Neil Utley has bought the Hertfordshire home of David and Victoria Beckham for £11.5m.
Innovation Group completes LAS buy
Claims management business The Innovation Group has completed the purchase of LAS.
Hong Kong's premiums rose 14% in 2013
Total gross premiums of the Hong Kong insurance industry in 2013 were HK$290.7bn ($37.4bn), an increase of 13.9% over 2012 according to provisional statistics from the Office of the Commissioner of Insurance.
NFU Mutual doubles underwriting profits for 2013
NFU Mutual has reported underwriting profits have more than doubled for 2013, with returns climbing to £120m.
Willis' Hearn appointed Liiba chair
Willis Group’s deputy chief executive officer Steve Hearn has been elected chairman of the London & International Insurance Brokers’ Association.
ABI agrees expanded £11.7m Ifed investment
The Association of British Insurers has agreed to invest £11.7m in the City of London Police’s Insurance Fraud Enforcement Department over three years.