News
Industry making progress on fraud
The insurance industry has made progress with fraud in the past two years but further improvements are still needed, a survey conducted by the Chartered Institute of Loss Adjusters has found.
Argo International swoops for Willis wordings specialist
Lloyd’s insurer Argo International has recruited Willis wordings specialist Jill Unsworth.
Lloyd's boss warns flood of investment could undermine stability of market
A flood of investment capital into structures linked to insurance could lead to instability and spark a new financial crisis if left unsupervised, according to Lloyd's chairman John Nelson.
UK heatwave sparks rise in fraudulent cancellation claims
The summer heatwave has been blamed for a rise in the number of fraudulent cancellation claims by travel insurance policyholders, according counter fraud services provider VFM Services.
Canopius H1 GWP spikes 54% after UK retail growth
Gross written premiums soared more than 50% year-on-year for the first half of 2013 at Canopius, with UK retail growth cited as key to the improvement.
Internal appointment for new Axa UK CFO
Axa Canada chief financial officer Bertrand Poupart-Lafarge has been named new CFO at Axa UK.
Guy Carpenter names PSG executive for France, Iberia and Italy
Guy Carpenter has announced Dorothée Mélis-Moutafis is to become managing director of the firm’s Property Solutions Group, taking specific responsibility for France, Iberia and Italy.
More women take the helm at mutual insurers
Despite insurance having a reputation for being run predominantly by men a study has shown in the cooperative and mutual insurance sector women are taking a much more significant role.
Cunningham Lindsey's Stuart Lansdown joins Questgates
Cunningham Lindsey director Stuart Lansdown has joined Questgates in a move that has spurred a restructure of its liability division.
Insurance infographic: Under insurance in the major loss sector
In this infographic, Zurich Insurance explores the problem of underinsurance.
Regulatory changes cost the industry over €4bn in 2012
The top 40 European insurers are estimated to have collectively spent between €4.2bn and €4.9bn in 2012 complying with all new regulations, according to a report by Deloitte.
Regulatory changes cost the industry over €4bn in 2012
The top 40 European insurers are estimated to have collectively spent between €4.2bn and €4.9bn in 2012 complying with all new regulations, according to a report by Deloitte.
Chinese insurers have $14bn to invest in overseas property
Chinese insurance funds have access to $14bn or almost 86bn yuan to invest in property overseas.
DLA Piper's Hong Kong insurance head to leave private practice
The head of DLA Piper's insurance practice in Hong Kong is leaving the firm to pursue opportunities in legal consulting.
Gallagher targeting top three UK retail berth after Giles deal
The £223m purchase of Giles by US broker Arthur J Gallagher will convert the latter into one of the UK’s largest regional retail brokers according to UK commercial director Janice Deakin.
QBE not ruling out office closures or acquisitions
QBE has not ruled out the possibility of office closures or merger and acquisition activity following the announcement of its business restructure today.
Accident Exchange spurns Axa settlement
Credit hire firm Accident Exchange is set to reject a £1.5m settlement offered by Axa to settle a suite of rate disputes.
Gallagher to complete £233m Giles deal
Gallagher will snap up independent broker Giles for £233m in cash, in a deal expected to close in October.
Axa to reveal Drouffe’s successor
Axa UK will reveal tomorrow the name of its new finance, risk and strategy director as Jean Drouffe has relocated to the insurer’s headquarters in Paris.
Turkey’s insurance market ripe for foreign investment
Attractive conditions in Turkey’s insurance market are expected to woo foreign investors over the next four years.
Alternative capital is major talking point ahead of Monte-Carlo
The impact of alternative capital on reinsurance pricing is set to be a major talking point at the Monte Carlo Ren-dez-vous according to Moody’s.
London and Manchester top gadget claims hotspots
More claims on gadget cover are made in London and Manchester than anywhere else according to figures from Supercover Insurance.
Willis expands financial solutions division in Hong Kong
Willis has appointed Les Collett to establish a financial solutions office in Hong Kong starting 1 October.
QBE splits European business
QBE has announced it is splitting its European division into two separate businesses from 1 October alongside a handover in leadership.