News
Now Health launches Singapore operation
Health insurer Now Health International has opened a Singapore office partnering with Tenet Sompo as its underwriter in the region.
CFC annual pre-tax profits climb 27%
The UK’s largest specialist lines managing general agent has witnessed both its revenues and profits climb in figures issued this morning.
Aviva faces £323m bill for technical errors
Aviva is facing a compensation bill of up to £323m following technical errors that have resulted in underpayments over a number of years, according to reports.
Pre-tax profits at Catlin climb 27% in 2013
Catlin's pre-tax profits reached $432m in 2013 - up 27% from $339m the previous year.
Soft market in Asia to hit record, says Marsh
Commercial insurance rates in Asia are expected to reach historic lows this year, according to Marsh's 2014 Asia Insurance Market Report.
Fires destroy 20 homes in Victoria
Victoria, the South-East Australian state, is facing some of the worst wildfire conditions since Black Saturday in 1999.
Total Philippines insurance premiums grew 47% in 2013
The outlook is strong for insurers in the Philippines according to ratings agency Fitch, although the life sector is stronger than general insurance.
Revised Code of Practice introduced by Australia insurance board
The revised code will be launched by the Insurance Council Board on 1 July with everybody requested to be compliant by 1 July next year.
Parabis Law hires Jabbari to boost consumer law offering
David Jabbari, the former Connect2Law chief executive and Pannone Affinity head, has joined Parabis Law as a partner.
Former Cunningham adjuster launches HNW business
A former senior adjuster at Cunningham Lindsey is to unveil a new high net worth adjusting and surveying business later this month.
Axa’s Evans lauded for commitment to public interest at CII awards
Axa group chief executive Paul Evans was recognised with an achievement award for his work in championing the public interest at last night’s inaugural Chartered Insurance Institute Public Interest Awards.
Octo buyer to utilise telematics nous to penetrate Russian market
Renova Group is hoping to penetrate the Russian insurance market by tapping into telematics technology following its acquisition of Octo Telematics in a deal that is reported to be worth €408 million (£249m).
RSA mid-markets boss Wilkinson exits
RSA mid-market regions director Dan Wilkinson has left the insurer after just over a year in the job.
Bupa’s Tugendhat appointed Towergate Direct CEO
Towergate has appointed Bupa Group’s James Tugendhat as chief executive of Towergate Direct.
ABI kick-starts Flood Re CEO recruitment process with job ad
The Association of British Insurers has started its search for the chief executive of Flood Re and will be advertising the position in this week's Sunday Times.
BPF urges MPs to support Water Bill amendments
The British Property Federation is urging politicians to support Water Bill amendments being tabled in the House of Lords that would extend affordable flood insurance to excluded groups.
Three EU states fail to meet gender directive deadline
Three European states failed to meet the December 2012 deadline to implement legislation prohibiting the use of gender-based pricing, according to the EU insurance supervisor.
Fitch affirms Generali at A- with negative outlook
Fitch has confirmed the ratings of Italian insurance giant Generali, locking the insurer and its core subsidiaries’ Insurer Financial Strength score at A- with a negative outlook.
Cunningham Lindsey launching Axa claims tools in £6m tech revamp
A £6m technology investment programme will see Cunningham Lindsey soon unveil a new suite of tools for policy holders making claims starting with Axa household customers.
Aspen grows pre-tax profits by £15m after quiet cat year
Bermuda based insurer and reinsurer Aspen has seen its full year pre-tax profits climb, alongside improved underwriting performance boosted by reduced catastrophe losses.
Lee to head up client management for Ace in the UK
Ace Group has appointed Nick Lee as head of client management for the UK and Ireland.
PM vows to use £100m Defra fund to improve flood defences
David Cameron has described Environment Agency chairman Lord Smith’s assertion that decisions must be made on whether to prioritise town or country as a “false choice” and has pledged an additional £100m on flood defences.
Millburn administrators appoint Certo to handle indemnity claims
Certo Loss Adjusters has been appointed by the administrators of Millburn Insurance Company to deal with indemnity claims.
Tracker’s technology offering a draw card in Lysanda purchase
Former Direct Line Group-owned telematics provider Tracker’s robust technology was one of the major draw cards for its purchaser Lysanda, according to the chief executive.