News
Restoration firm and insurers join forces against fraud
A new fraud identification service aimed to help insurance companies identify and reduce the cost of fraudulent claims has been launched by claims audit and damage restoration experts firm Servicemaster Clean.
Ceeney exits FOS having helped watchdog triple in size
Chief ombudsman Natalie Ceeney is departing the Financial Ombudsman Service following almost four years in which she has helped the watchdog to triple in size.
Markerstudy acquires Capita insurance businesses as Pindar steps down as CEO
Capita has announced the sale of BDML, Lancaster, Sureterm and Delta to Markerstudy for an undisclosed sum as chief executive Paul Pindar announces his departure from the outsourcing company.
AGCS makes internal hire for marine role
Paul O’Neill has been named Allianz Global Corporate and Specialty global head of marine Europe and Asia Pacific effective 1 January 2014.
Zurich to invest up to $1bn in green bonds
Zurich is to invest up to $1bn in green bonds as part of its investment strategy.
Insured losses from Haiyan could reach $700m
AIR Worldwide has estimated insured losses from super typhoon Haiyan at between $300m (£185m) and $700m.
Andy Haste tipped for TSB chair role
Former RSA boss Andy Haste is the front-runner to take up the chairman role at high street bank TSB, according to reports.
Aviva to sell stake in Italian insurer Eurovita
Aviva is selling its 39% stake in Italian insurer Eurovita Assicurazioni to JC Flowers for €33m (£27m).
Aviva to sell stake in Italian insurer Eurovita
Aviva is selling its 39% stake in Italian insurer Eurovita Assicurazioni to JC Flowers for €33m (£27m).
China counts costs of typhoon Haiyan
After battering the Philippines, super typhoon Haiyan weakened but still caused significant damage in South China.
Insurance losses in Philippines likely to top $300m, says AIR Worldwide
As the extent of the devastation becomes clearer from typhoon Haiyan, latest estimates put the insurance bill at a minimum of $300m.
Trott to join RK Harrison in senior schemes role
Former Towergate chief executive Simon Trott is to join the UK retail arm of broker RK Harrison.
Public sector focus boosted by latest Aon Risk Solutions hire
Aon Risk Solutions has appointed John Shaftoe to the role of public sector director based in Aon’s Glasgow office.
Quindell plans two major insurer deals in next six months
Outsourcing firm Quindell expects to announce at ‘least two major new clients’ in the next six months along with increasing the volume of business with three of its existing clients.
Deputy PM Clegg praises Bluefin for apprenticeship success
Bluefin has been congratulated by Deputy Prime Minister Nick Clegg after being recognised in the Top 100 Apprenticeship Employers list.
Nexus credit subsidiary swoops for Novae's MacLeod
Nexus CIFS has appointed the Novae Group’s Allie Macleod to the new role of business analyst.
Aviva rumoured to be planning sale of asbestos liabilities
Aviva is seeking to offload a £1bn portfolio of liabilities including the majority of its exposure to historic asbestos-related claims, according to reports.
Birbeck to lead Axa's Glasgow branch as Maguire exits
The manager of Axa’s Glasgow branch, John Maguire, is to retire after nearly 34 years at the insurer.
Quindell raises £200m and plans name change
Quindell Portfolio has raised £200m through the placing of 1 315 789 500 new ordinary shares at a price of 16 pence per share.
S&P downgrades RSA
Standard & Poor’s has lowered RSA’s financial strength and issuer credit ratings from A+ to A, attributable partly to losses related to issues in its Irish operations.
Generali takes full control of Philippines, Thailand and Indonesian operations
Generali has completed the acquisition from Kuok Group of the 40% interests held by the partner in Generali Asia, the holding company controlling the group's insurance operations in the Philippines, Thailand and Indonesia.
Gooding takes on IMO role for IUMI
The International Union of Marine Insurance has appointed a new representative at the International Maritime Organisation.
Gooding takes on IMO role for IUMI
The International Union of Marine Insurance has appointed a new representative at the International Maritime Organisation.
Almost 20% of motorists would consider telematics at next renewal
Nearly one in five motorists will consider taking out black box car insurance policies at their next renewal date as the technology goes mainstream, according to Consumer Intelligence.