News
Allianz to pay Argos-parent £11m for warranty products
Allianz is to pay Argos-owner Home Retail Group £11m under a profit share agreement relating to the run-off of warranty insurance policies.
Video: Octo Telematics: The future of the motor insurance market
Telematics is one of the latest insurance buzzwords. Its use in vehicles is being touted as one of the keys to the future of the motor manufacturing market and, therefore, the future of the insurance motor market.
CFC launches cover for not-for-profit sector
Specialist underwriting agency CFC has launched an insurance solution for the not for profit sector.
Elliptic to offer insurance payout in Bitcoins
Bitcoin storage provider Elliptic will offer customers the option to be compensated for loss of stored funds in Bitcoins from today.
Allianz's Mitchell eyes fast China growth
Mark Mitchell, CEO Hong Kong & Greater China, Allianz Global Corporate & Specialty has told Post the international insurer is gaining momentum in China.
Ping An's profit climbs 40%
Chinese insurance and banking group Ping An's profits climbed 40% last year.
Foil warns contract law reforms lack detail
The Forum of Insurance Lawyers has hit out at planned reforms of law governing contracts between policyholders and insurers.
Swinton Commercial acquires Cleethorpes-based consultant
Swinton Commercial has purchased Cleethorpes-based CH Turner Insurance Consultants.
KPMG makes senior insurance hires from McKinsey & EY
KPMG has appointed Navdeep Arora and Justin Balcombe to its insurance advisory practice.
‘No bottom in sight’ on motor rates
Motor insurance rates are set to continue to tumble despite forecasts that the market may soon turn, according to a report from SNL Financial.
Navigator & General launch on-line quote and buy facility
Zurich-owned boat insurer Navigators and General have launched an on-line quote and buy facility for small craft and sailing dinghies.
Miller recruits former Willis energy specialist
Miller is seeking to expand its downstream energy business with the appointment of a former Faber Global broker.
Capita boosts business development with director appointment
Capital Insurance Services has recruited former R&Q business development manager Danny Maleary to strengthen business development.
Seel calls for industry donations to Air Ambulances
Thornside founder David Seel is calling on insurers that work with claims arising from human emergencies to donate £1 to the Air Ambulance service for every policy they sell.
Generali posts 5.3% rise in operating result despite falling P&C premiums
Generali’s operating result rose by 5.3% to more than €4.2bn for 2013, driven by improved operating results in life and property and casualty.
Quindell notches £480m of new business for Q1
Quindell Group has exceeded internal targets for growth in Q1, recording £480m worth of new business in the first three months of the year.
Gable to underwrite commercial surety bonds
Gable has completed an agreement to underwrite specialist commercial surety bonds within the UK and European Union.
IRM criticises government's 'fingers crossed' approach to risk management
The recent flooding episode has highlighted shortcomings in the government’s approach to risk events according to chairman of the Institute of Risk Management, Richard Anderson.
Beazley Syndicate 623 reports $18.6m total gains increase
Beazley Syndicate 623 reported an $18.6m (£11.1m) increase in its total gains for 2013, rising to $61.4m from $42.8m in 2012.
Bupa posts 8% increase in revenues boosted by acquisitions
Bupa posted an 8% increase in revenues to £9.1bn in 2013, driven by both organic performance and acquisitions.
Brokers Link targets members in four more Asia countries
International broker group Brokers Link wants to expand its reach to Cambodia, Brunei, Myanmar and Laos to have a presence in all ten ASEAN countries.
Plum continues Irish roll-out with non-standard home cover
Specialist household insurance provider Plum Underwriting has started writing non-standard and mid net worth household in the Republic of Ireland.
Shipping losses down 20% in 2013
Shipping losses continued their downward trend with 94 losses reported worldwide in 2013, dipping below 100 for only the second time in 12 years, according to Allianz Global Corporate & Specialty.
Political risk cover becoming difficult in Ukraine and Russia, says Marsh
Insurers are pulling out of the political risk market in Russia and the Ukraine according to political risk experts at Marsh with existing policyholders facing increases on renewals.