News
AIG 'may sue' Morgan Stanley over mortgage sales
AIG may sue investment bank Morgan Stanley over mortgage-linked securities sold to the insurer in the lead up to the financial crisis.
New online tool seeks to ramp up market-wide telematics push
A new online launch aims to help insurers get a toehold in the burgeoning telematics market.
COR improves at Aviva UK as storm losses hit £10m
A reduction in the Aviva UK general insurance combined operating ratio of 95.5% (9M 2012: 97%) has been attributed to lower expenses and favourable weather conditions over the first nine months of the year.
Beazley predicting 'mid-80s' full year COR
Beazley has chalked up a 5% rise in premiums of $1.54bn (£958m) over the first nine months of the year, as limited exposure to weather events has left the firm expecting a better than predicted full year combined ratio.
Swiss Re sees P&C income slide 22% for Q3
Swiss Re has reported tumbling income from its property and casualty reinsurance arm, balanced by increased premiums in Q3.
Swiss Re Q3 P&C income down 22%
Swiss Re has reported tumbling income from its property and casualty reinsurance arm, balanced by increased premiums in Q3.
Three senior hires for Canopius' Singapore office
Canopius is growing its Asian operations with three senior hires in its Singapore office.
Hill Dickinson appoints Braithwaite as fraud manager
Hill Dickinson has strengthened its complex fraud team with the hire of Kevin Braithwaite to the role of complex fraud manager.
Generali boosts profits by 40%
Assicurazioni Generali has posted net profits of €1.6bn (£1.3m), a 40.4% increase on the nine month results last year.
Markel International posts improved combined ratio for Q3
Markel Corporation reported diluted net income per share of $4.67 (£2.90) for the quarter ended September 30, 2013 compared to $5.32 for the third quarter of 2012.
Beazley predicting 'mid-80s' full year COR
Beazley has chalked up a 5% rise in premiums of $1.54bn (£958m) over the first nine months of the year, as limited exposure to weather events has left the firm expecting a better than predicted full year combined ratio.
Tulloch engaging brokers ahead of Aviva senior team rebuild
Aviva UK general insurance chief executive Maurice Tulloch has vowed to engage heavily with brokers as he seeks to build a new senior team following a string of high-profile exits.
COR improves at Aviva UK as storm losses hit £10m
A reduction in the Aviva UK general insurance combined operating ratio of 95.5% (9M 2012: 97%) has been attributed to lower expenses and favourable weather conditions over the first nine months of the year.
Over 170m low-income people using microinsurance in Asia-Pacific
According to research by the Munich Re Foundation and GIZ, which assists the German government in sustainable development, the microinsurance sector in Asia-Pacific has reached 172m lives representing a 40% annual growth rate between 2010 and 2012.
Qatar bullish on Asian reinsurance market
The 1st Asia Reinsurance Barometer, published by the Qatar Financial Centre Authority, finds that the region's reinsurance markets are "still bustling with confidence", although "the outlook on pricing and profitability for the next twelve months is…
Ventris leaves Cunningham Lindsey 'by mutual consent'
Neil Ventris, director, London markets, is to leave Cunningham Lindsey UK after five months in the role.
Open GI and Right Choice renew partnership
Technology provider Open GI has announced a renewed five-year partnership with Right Choice Insurance Brokers.
Watson defends Tesco Underwriting's GWP slump
Ageas UK chief executive Andy Watson has defended Tesco Underwriting’s £133m gross written premiums slump after posting a GWP of £341.1m for the first nine months of the year.
DAS recruits Munich Re man to replace Gibson as CFO
Legal expenses insurer DAS has confirmed that Munich Re’s Thomas Jannakos will replace Paul Gibson as the firm’s UK group chief financial officer.
Money Supermarket sees insurance revenues inch upwards
Price comparison site Money Supermarket has seen insurance revenues climb 2% for Q3 2013.
DAS puts commercial products on Acturis
Legal expenses insurer DAS has launched its loss assistant business product and commercial legal protection products on Acturis.
Healthy Pets appoints More Than founder as non-exec
Online pet insurer Healthy Pets has appointed one of More Than’s founding team as a non-executive director.
Lancashire recruits Merrill Lynch banker for non-exec role
Bermuda-based insurer and reinsurer Lancashire has appointed Merrill Lynch’s former co-head of corporate broking as a non-exec director.
Brokerslink appoints operations director
Brokerslink has appointed Carla Alves as director of operations. Alves was previously managing director of brokerage for MDS Insurance and Risk Consulting.