News
Allianz targets 10% growth in Malaysia
Allianz Malaysia Bhd’s general insurance arm is looking to grow its customer base by 10% in 2014.
Nationale Suisse opens Singapore office
Swiss based insurer Nationale Suisse, owned by the Swiss National Insurance Co., is expanding in Asia by opening an office in Singapore.
Traffic accidents fall in Vietnam
The number of traffic accidents in Vietnam fell from 36 400 in 2012 to 29 385 last year according to the National Traffic Safety Committee.
Sutton Winson swoops for JLT regional MD Cowdrill
Commercial broker Sutton Winson has hired Jardine Lloyd Thompson’s regional managing director for Southampton Tom Cowdrill to head up its Petersfield office.
Christmas storms tipped to cost industry £400m
The UK insurance industry is facing a bill of around £400m for storms and flooding throughout December and January, PwC insurance partner Mohammad Khan said today.
Man to appear before court nine months after dawn Ifed raid
The Insurance Fraud Enforcement Department has secured charges against an individual arrested during an early morning raid attended by Post last April.
Bogus burglary claims top Innovation's 2013 fraud trend table
Research from insurance software firm Innovation Group into the top fraud trends for 2013 has shown that apparent burglary was the most popular bogus claim.
No job cuts planned following RSA broking merger
RSA will not look to cut staff numbers after merging its affinity and personal lines broker divisions into a single unit.
RSA merges affinity and PL broker units
RSA is to create a single UK personal intermediated unit, bringing together its affinity and personal lines brokers teams, with personal broker boss Jill White exiting.
Sale of Equity Direct Broking to NMG completed
Equity Insurance Group has announced the completion of the sale of Equity Direct Broking to NMG Holdings.
Apil slams 'watered down justice' as meso amendment is voted down
The Mesothelioma Bill passed its final parliamentary stage on Tuesday and will become law once it receives Royal Assent.
Investigation begins into military helicopter crash
An investigation has begun into the circumstances in which a US Air Force helicopter crashed in Norfolk, killing all four people on board.
Hastings staff to pocket windfall as Goldman Sachs deal is completed
Goldman Sachs Merchant Banking Division has signed off on a deal to acquire 50% of the voting share capital in Hastings Insurance Group.
UK General looks to Paymentshield and Mapfre for schemes business hires
UK General has strengthened its scheme business with two appointments.
Axa Assistance to provide breakdown service for Carole Nash
Axa Assistance has won a contract to provide breakdown services to broker Carole Nash’s motorcycle and classic car customers.
Young driver safety scheme wins Admiral sponsorship
Admiral has thrown its support behind a young driver safety initiative that offers lessons to aspiring motorists aged between 11 and 17 by agreeing as the title sponsor of the scheme.
DLA Piper's Murphy becomes Sedgwick insurance partner
Sedgwick has hired DLA Piper’s David Murphy to its insurance practice as a partner in its London office.
Faraday property boss Bridge to join Dale later this year
Dale Underwriting Partners has appointed Ian Bridge as head of property insurance from Faraday where he occupied an identical role.
MGAA calls for nominations ahead of board elections
A number of existing representatives of full MGA members of the Managing General Agents’ Association have revealed their intention to stand for re-election, as the MGAA begins its board election process and calls for nominations from members.
RSA confident PWC report will find no issues outside of Ireland
RSA has underlined its confidence that a PWC investigation into serious financial irregularities uncovered at its Irish operation will confirm the issues in Ireland as an isolated incident.
Zurich recruits chief technology officer from AIG
Zurich has appointed Robert Dickie as chief operations and technology officer and a member of the group executive committee. He will begin in March.
Calm 2013 US hurricane season reduced nat cat claims by 50%
According to Munich Re, insured losses from natural catastrophes globally last year declined to around $31bn compared with $65bn in 2012 and the average for the last ten years of $56bn.
European windstorms caused most December damage
According to catastrophe modeling firm Impact Forecasting windstorms in Europe caused the largest amounts of insured losses globally in December.
Industry raises doubts over necessity of Insurance Brokers’ Standards Council
Chairman Anscombe says the IBSC allows sector to determine its own standards.