News
Aetna acquires the Interglobal Group
Aetna has acquired Interglobal Group, which specialises in private medical insurance for groups and individuals in the Middle East, Asia, Africa and Europe.
CEO Carlier departs Cooper Gay Re after six months
Cooper Gay Re chief executive George Carlier has departed six months after joining.
Xchanging secures new London home
Technology provider Xchanging has confirmed a new address for the business in London, ending a search for a new base launched by plans to demolish buildings in Leadenhall St for a new skyscraper.
Routine weather fluctuation could hit EU economy for €406bn
New figures from Allianz Global Corporate and Specialty have revealed that even mild changes in weather could hit EU businesses hard, forecasting an average annual impact of €406bn
Routine weather fluctuation could hit EU economy for £346bn
New figures from Allianz Global Corporate and Specialty have revealed that even mild changes in weather could hit EU businesses hard, forecasting an average annual impact of £346bn.
Manchester Underwriting acquires Senior Wright Indemnity
Specialist MGA Manchester Underwriting has inked a deal to purchase Lloyd’s broker Senior Writing Indemnity.
Switzerland rejects executive pay cap
Switzerland has rejected a proposal to cap executive pay at 12 times the lowest paid in the company.
Axa hails Thai life growth
Total premiums in the life insurance market have risen 21% in Thailand this year.
Magic circle firms worked on Zurich China deal
Slaughter & May is acting opposite Freshfields Bruckhaus Deringer on Swiss Re's $493m acquisition of 4.9% stake in China's third biggest life insurance company.
Sterling bolsters Birmingham presence with underwriting hires
Sterling’s has followed up the launch of its new regional office in Birmingham with the appointment of Wendy Travers as commercial regional underwriting manager and Ryan Piner as household regional underwriter.
Hiscox unveils star footballer injury cover
Specialist insurer Hiscox has launched a product to protect football clubs against illness or injury to star players.
SSP unveils Covéa and Sabre as telematics panel insurers
Covéa Insurance and Sabre have become the first insurers to join the panel behind technology firm SSP’s Soteria Drive telematics solution, which is to be sold via high-street brokers.
Money Supermarket chief welcomes FCA review
A regulatory review into price comparison sites has been welcomed by Money Supermarket chief executive Peter Plumb.
AIG rolls out broker trading platform in mainland Europe
AIG is rolling out an e-trading product for brokers across five European countries following the launch of the platform in the insurer’s UK and Ireland businesses earlier this year.
Bennetts targets coverage shortfall with modifications policy
Motorcycle insurance specialist Bennetts is hoping to take advantage of a dearth in coverage among riders who make adjustments to their bikes by introducing a policy that covers the 16 most common modifications as standard.
AIG rolls out broker trading platform on continent
AIG is rolling out an e-trading product for brokers across five European countries following the launch of the platform in the insurer’s UK and Ireland businesses earlier this year.
Axa calling for tougher sanctions on CMC consumer contact
Axa is calling for sanctions against claims management companies to be bolstered including doubling the maximum fine to £1m and giving the regulator power to shut down CMCs that are seen to be persistently flouting privacy rules.
Sovereign risks persists for Italian insurers amid weak non-life growth
Eurozone sovereign risk will continue to negatively affect Italian insurers in 2014 given the significant amounts of government and corporate debt held in their investment portfolios, according to Fitch.
HSB Engineering strengthens team with Allianz hire
Specialist engineering and construction insurer HSB Engineering Insurance, part of Munich Re, has appointed David Slack as senior loss control engineer.
AA boss Strong moves to Saga
AA chief executive Andrew Strong is to move to sister company Saga from 1 December, with a replacement expected to be confirmed by the end of Q1 next year.
Aon UK chief Christian elected to Lloyd's council
Aon UK chief executive Dominic Christian has been elected to the Council of Lloyd’s for a three year term starting in February next year.
Lemma finance boss helped to supply 'false' returns
An investigation by Gibraltar’s Financial Services Commission has condemned the conduct of Lemma Europe’s de factor finance manager, finding he participated in filing returns which falsely indicated the insurer was complying with solvency requirements.
FCA plots price comparison review
The Financial Conduct Authority has launched a thematic review of price comparison sites, raising fears that consumers may not be securing adequate coverage.